2011 China and U.S. Paint Market Review

Business Club March 7 News October, China's cumulative paint production reached a new high, reaching 1.984 million tons. Compared with 1.576 million tons in the same period of last year, it produced an additional 228,000 tons, an increase of 12.98% year-on-year.

In the first 10 months of this year, China's paint output has maintained a steady growth trend, with an average growth rate of around 11%. The increase in the output of automotive paints and industrial paints is one of the main drivers of rapid production growth for the entire year.

Although the monthly output in October is not the highest, this year's total output of over 2 million tons of paint in China is a foregone conclusion. If no accident occurs, it is expected that China's paint output will reach 2.3 million tons this year, an increase of about 25% from 2004. In contrast, the growth rate of China's construction coating output fell sharply in October, with a year-on-year increase of only 0.66%. The annual output is expected to be around 1.2 million tons.

London, United Kingdom, Reportlinker.com reported that the latest market research report on the paints, coatings and solvent industry predicts that U.S. demand will reach US$23 billion in 2012. By 2012, U.S. demand for paints and coatings will reach US$23 billion.

Due to the stagnation of the period 2002-2007, the slowdown in economic growth during this period, combined with the high cost of raw materials and the increasingly stringent environmental protection laws and regulations of the US paint industry, the forecasted sales volume will increase substantially. However, looking to the future, as the prospects for construction and production activities have improved, it will contribute to growth. Architectural coatings still retain the largest market. Architectural coatings account for the largest portion of the entire paint market, with sales and sales demand accounting for about half of the total. The real estate market will continue to drive demand for most architectural coatings and will benefit from a strong rebound in real estate construction activity. The demand for interior wall paint will exceed exterior paint.