Growth of Coatings Industry Slows Down in 2017

摘要

In the first four months of 2017, China produced 5.96 million tons of coatings, increased only 2.6 percent over the same period of last year, proving that the whole coatings industry is slowing down. Due to the launch of new government regulations to adjust the development speed of the real estate property market, the real estate property industry has become relatively soft after entering 2017, but international trade and domestic consumption provide new momentum for many industries, including coatings. For example, for the first four months in 2017, home furniture export volume was increased by 6.1 percent and home furniture sales was increased by 12.9 percent over the same period of last year, leading the growth of wood coatings. The export volume of toys, a major market sector for plastic coatings, was increased by 2.8 percent and total toy sales was increased by 11.3 percent over last year. Besides, the export volume of home appliances was increased by 13.6 percent and their total sales was increased by 15.3 percent. Home appliances uses a lot of metal and plastic coatings during their manufacturing.