Research and Markets (http://www.researchandmarkets.com/research/6w7hxn/paint) has announced the addition of the "Paint Manufacturing Industry in China 2012-2016" report to their offering.
The analysts forecast the Paint Manufacturing industry in China to grow at a CAGR of 10.9 percent over the period 2012-2016. One of the key factors contributing to the industry growth is the increasing demand for architectural paints and coatings. The Paint Manufacturing industry in China has also been witnessing an increase in capital intensity. Moreover, the rising cost of raw materials could also pose a challenge to the industry growth.
The key vendors dominating this space include Akzo Nobel Coatings (China), Chugoku Marine Paints (China) Co. Ltd., DuPont China, Nippon Paint (China) Co. Ltd., and PPG Paints (China) Co. Ltd.
The other vendors mentioned in the report are Guangdong Carpoly Chemical Industry Co. Ltd., Guangzhou Pearl River Chemical Industry Group Ltd., Hempel-Hai Hong (China) Ltd., Huarun Paints Holdings Co. Ltd., and Kansai Paints (China).
Commenting on the report, an analyst from the Hardware team said: The Paint Manufacturing industry is witnessing an increasing number of vendors, especially with foreign players strengthening their foothold in the industry by focusing on the Industrial and Residential sectors. Underdeveloped regions of China represent a potential market for paints and coatings used in the Residential and Industrial sectors. Since these regions cover a substantial area in the country and represent a potential market, bigger players are being attracted, leading to an increase in the number of vendors. This increase in the number of vendors exerts a positive impact on the industry.
According to the report, one of the major drivers is the increasing demand for architectural paints and coatings. With the increasing focus on architectural aesthetics, there has been growing demand for architectural paint and coatings. Furthermore, the higher disposable income of consumers has resulted in increased spending on home aesthetics and décor. Apart from households, offices and shops also spend a considerable amount on décor. All these factors are expected to increase the demand for architectural paints and coatings, which in turn contributes to the growth of the Paint Manufacturing industry in China.
For more information visit http://www.researchandmarkets.com/research/6w7hxn/paint
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