Impact of COVID-19 on Coatings Industry in China and Asia Pacific Region

摘要

The Asia Pacific (APAC) region consists of more than 50 countries. The combined coatings production in the region represents 53% of the volume and 47% of the value of the global coatings market. Compared to North America, Latin America or Europe, the APAC region is much more divergent with regards to culture, history, language, or economic development. Even more significant, the size, maturity, technology needs, and growth rates of each country's coatings market is unique. Of the 50+countries in this region, just four represent slightly greater than 87% of the entire region's total coatings demand in both volume and value (Table 1).