China’s Coatings Market Shows Increased Output During First Half of 2017
GUANGZHOU, China - According to market research company CCM, China’s coatings market has witnessed another rise in output for the first half of 2017, while the profits for manufacturers went down due to rising raw material prices and pressure from environmental regulations.
During the first six months of this year, the combined output of 1,358 large-scale coating manufacturers in China increased by 10.50% year-over-year to 641,000 tonnes. The strong southern region of China supported the output growth, while other areas in west and north even saw declines in output.