In recent years, China coatings industry maintains the continuously growth. According to data from the National Bureau of Statistics, there were 2,745 coatings enterprises above designated size in China, with a year-on-year increase of 7.31%; it achieved the 202.682 billion Yuan of annual sales volume, with a year-on-year of 28.23%; it achieved the 14.077 billion Yuan of total profit, with a year-on-year increase of 24.00%; its asset size reached 146.587 billion Yuan, with a year-on-year increase of 19.69%.Pigment Carbon Black, The total output of coating industry reached 9.666 million tons, which approached to 10 million tons for the first time. Its output has continued to be in the world's first position. This showed the operational benefits of coatings industry was good in 2010.
The development of construction in northwest part of China and heavy industry in Northeast of China drive the development of housing construction and its supporting projects, the finally promotes the development of the entire coatings industry. There is still strong demand for coatings, and the coatings industry has vast space for development. What's more, the middle and west part of China will become a coatings consumption center. Forward predicts the coatings output will maintain an over 10% of annual average growth rate, and the coatings output is expect to reach 22 million tons by 2015.
China's coatings industry is intensive. Private enterprises and foreign-invested enterprises all possess relatively strong competitiveness, taking up large market shares. In 2010, the quantity of private enterprises occupied 50% of the total enterprise number in the entire coatings industry, and their sales revenue accounted for 38.21% of the industry sakes revenue, up by 4.05% over the year of 2009; while the sales revenue of foreign-invested enterprises took up 41.04% of the total sales revenue, down by 1.50% over the year of 2009. With the development of China coatings industry, lots of multinationals established factories in China, such as Akzonobel company, PPG industries, Dupont company, Sherwin-Williams company and BASF company, which makes China's coatings industry becoming fiercer and fiercer.Carbon Black Pigment