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 - Starting a New Business Chapter
Minimum scale requirements in the industry necessitate large capital outlays. The initial cost of establishing business is high and the need to invest in large and efficient manufacturing facilities can discourage competitors from entering the industry.
The ability to fund research and development for environmentally friendly and non-toxic coatings is needed. With rising living standards and the development of China's economy, more people are choosing environmentally friendly paint and coatings. However, it is difficult for a new entrant to fund the research and development for such products.
Some existing enterprises have strong, well-established reputations. Customers may prefer to deal with these suppliers, which creates a further barrier to entry... purchase to read more