Industry Analysis & Industry Trends
Strong performance in downstream industries has fueled 9.6% annualized growth in the Paint Manufacturing industry in China over the five years through 2015. In 2015, industry revenue is set to grow 6% to reach $63 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 2015, export values grew 7.4% per year on average, and import values fell at an annualized rate of 2.4%.... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years to 2015, industry revenue has been increasing at an annualized rate of 9.6% to $63 billion. In 2015, China's economy slowed down with expected GDP growth of 7% and demand for paint products from this industry has been accordingly influenced. China's new house and automobile markets performed weak with total gross finished area and output volume declining by 14.6% and 0.5%, respectively. Industry growth is estimated at 6% in 2015.
As the global recession deepened in 2009, the Chinese government actively promoted policies to stimulate economic development via stimulus packages. For the year, the Automobile Manufacturing (IBISWorld industry report 3721) industry and China's real estate sector developed strongly... purchase to read more