Industry Analysis & Industry Trends
Strong performance in downstream industries has fueled 10.0% annualized growth in the Paint Manufacturing industry in China over the five years through 2014. In 2014, industry revenue is set to grow 5.7% to reach $54.3 billion. Offsetting strengthened macro-controls on China's real estate market is increasing demand from the construction of indemnificatory and low-rent houses and old house renovation.
Weakening international markets due to the European debt crisis and the appreciation of the yuan have led to a slowdown in exports and imports. Over the five years through 2014, export values grew just 3.5% per year on average, and import values fell at an annualized rate of 1.0%.... purchase to read more
Industry Report - Industry Investment Chapter
For every dollar spent on labor, 37 cents are invested in capital in the Paint Manufacturing industry in China. ACMR-IBISWorld uses total industry wages, management, administration and R&D costs as a proxy for labor, and total depreciation of the current year as a proxy for capital.
However, a high number of low-paid workers understates the labor component in the industry. In China, salary levels are relatively lower than in Western countries, with many low-skilled workers from rural areas working in this industry. Although employees involved in management and R&D positions earn higher incomes, these only account for a small percentage of the industry's total employment level... purchase to read more