70. ESTIMATED VALUE OF
US$7 TRILLIONIN 2016
3.1MILLION TONS
ANNUALLY
DECORATIVE2.4 MILLION TONS
INDUSTRIAL
0.7 MILLION TONS
12-13%
EXPECTED GROWTH
RATE OF
SIGNIFIES ROOM FOR
LOW PER CAPITA CONSUMPTION
MULTI-FOLD GROWTH
73. DECORATIVE
INCREASES OVER
75%OF OVERALL MARKET
FESTIVE SEASON
STRONGLY INFLUENCED BY
THE
HOUSING SECTOR
HIGHER LEVELS OF GROWTH EXPECTED
FOCUS ON
PREMIUM PAINTS
VOC-FREE PRODUCTS
WATERBASED PAINTS
76. 8.2%
CLASSIFIED UNDER THE GROWTH PHASE
AT PER ANNUM
FORECASTED
CONSUMPTION AT17.9 MILLION TONSBY 2018
STRONG GROWTH IN
DOWNSTREAMINDUSTRIES
MAJOR SHIFT
TOWARD ENVIRONMENTALLY
FRIENDLY COATINGS
77. MAJOR CONCERN OVER SMOG
STRINGENCYON
EMISSIONS
RISING MARKET OF
WATER-BASED
OPPORTUNITIES FOR
INCREASED
ANDVOC CONTENT
COATINGS
RESIN
ADDITIVE
PIGMENT
MANUFACTURERS
79. EXPECTED INCREASE IN BOTH
INTERNAL AND EXTERNALDEMAND
FOR CHINESE ARCHITECTURAL COATINGS
INTERNAL CONSTRUCTION OF COMMERICAL
HOUSING AND INFRASTRUCTURE
EXTERNALINCREASING QUALITY OF
DOMESTIC GOODS
DEPRECIATION OF CHINESE YUAN
STRONG DEMAND FOR
VOC-FREEWOOD COATINGS
80. INCREASE IN SALES OF VEHICLES TO
2.4 MILLION UNITS IN 2015
RISE OF
COATINGS
WATER-BASED
FAVOURED USE OF
SOLVENT-BASEDCOATINGS
93. IPBC
OFF-WHITE POWDER
SOLUBLE IN WATER
EFFICIENT AGAINST FUNGI
TOXIC IN CERTAIN COUNTRIES
RECOGNIZED AS A
CONTACT ALLERGEN
AND
USED AS A DRY-FILM PRESERVATIVE
BIOCIDE