China Waterborne Paint Market Value to Surpass USD 29 Bn by 2021, States ASKCI Consulting in Its Report Published at MarketPublishers.com
07 Mar 2017 • by Natalie Aster
LONDON – The global demand for waterborne paints as of 2015 stood at 22 million tonnes. By 2022, the demand is expected to amount to close to 33 million tonnes and the market value is set to be estimated at around USD 146 billion. With respect to applications, the building industry is poised to dominate the waterborne paint marketplace, accounting for 87% of total market share. Automotive OEM is poised to the fastest growing domain and is expected to account for about 8% of the total market to 2022.
Though China’s paint industry is gaining momentum rapidly, the waterborne paint sector remains in the early stage, with low popularity as against advanced countries in Europe and America. In 2015, the Chinese waterborne paint industry output was about 2.5 million tonnes, grabbing 14.5% of the total product output. And its market scale stood at nearly USD 8.7 billion.
By 2021, the output of waterborne paint in the country is poised to amount to 8.8 million tonnes and the market scale is forecast to surpass the USD 29 billion mark.
In-demand research report “Market Research and Strategy Plan of Waterborne Paint Industry in China 2016-2021 Proposal” drawn up by ASKCI Consulting provides an all-encompassing analysis of the waterborne paint industry on national scale.
The report sheds light on the current performance of the industry, gives details on the sector’s development in the past and also speculates on the future development of the market. The report analyses imports and exports, demand and supply of the industry. It uncovers investment opportunities in the industry, offers an analysis of the market development across various regions of the country, and includes details about key domestic enterprises and their activities. Additionally, the report evaluates the major market growth drivers and barriers, investment opportunities, emerging trends and future forecasts. Furthermore, granular sales value and sales volume forecasts for the industry are provided in the report.
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