Despite some challenges the outlook is positive, with steady growth across a number of sectors, from an increase in single-family construction and residential green building, to the growing remodeling market, to the expected entrance of millennials into the home-buying market.
Driven by large and widespread feedstocks and government incentives, Southeast Asia is positioned to be a hub for biobased materials and chemicals (BBMC), according to Lux Research.
According to a new study by the market research institute Ceresana, worldwide demand for paints and varnishes accounted for almost 40 million tonnes in 2014. The report gives an analysis up to the year 2022.
GCiS China Strategic Research estimates that the domestic market of surfactants in China is valued at over $6.1 billion (RMB 38.2 billion) at the end 2014 and $6.4 billion (RMB 40.2 billion) in 2015.
Successive international TiO2 magnates raised their product prices in Dec., 2015. The market intelligence firm expects that after a short time this will prevent the TiO2 price in China's market from falling and it's even possible that it will cause the price to rise in early 2016.