China is the largest consumer of coatings additives in Asia, spending 37 percent of all dollars. Continued growth in building and manufacturing activity will give coatings additives a robust 13 percent annual rate of growth in China. Japan is the second-largest consumer of coatings additives spending 28 percent of all dollars. Little growth is forecast for coatings additives in Japan. South Korea is third in coatings additives use in Asia with 14 percent of the dollars spent. Growth is placed at a mature three-percent annual rate. India consumes only seven percent of coatings additives, but is the fastest-growing country with a 14-percent annual rate projected through 2012. India’s housing industry is expanding, which is increasing the demand for architectural coatings. Industrial coatings consumption is small in India, but growing rapidly.
For additional information about the study, Asian Coating Additives, visit www.kusumgar-nerlfi-growney.com.