Chinese Automotive Coatings Manufacturers Lag Behind Foreign Competitors
DALLAS - According to statistics from the China Association of Automobile Manufacturers, China’s automobile production volume and sales volume in 2011 was 18.4189 million units and 18.5051 million units respectively, increasing by 0.84 percent and 2.45 percent. The demand volume of automotive coatings reached 590,000 tons. In 2012, annual automobile production volume was 19.2718 million units, with year-on-year growth of 4.6 percent. Sales volume was 19.3064 million units, with year-on-year growth of 4.3 percent, and the demand volume of automotive coatings reached 620,000 tons. This and other information is available in Research and Development Prospect of China’s Automotive Coatings Industry, 2013-2017, a new report being offered by ReportsnReports.com.
At present, foreign-funded enterprises account for more than a half of total market share. With advantages in capital, technology and scale, these companies occupy most of the market in medium- and large-scale cities. In OEM coatings, foreign-funded brands occupy 80-85 percent of the total market share. The largest automotive coatings manufacturers, such as PPG, DuPont, Kansai and Dai Nippon and BASF, are optimistic about demand for automotive coatings in China and are entering the market.