60% of Asia's global marine coatings market

Business News Agency October 11th With the rapid development of Asian shipbuilding industry in recent years, the shipbuilding Accessories industry has also revitalized. Ship coatings have become an important raw and auxiliary material in shipbuilding and have gradually become a key development project for coating companies. The market demand for paint also followed the rise of water and the height of the ship.

Since 2002, the Asian marine coatings market has grown steadily, with an average annual growth rate of 6% to 8%. Asia currently occupies almost 60% of the global marine coatings market. The corresponding terminals are also highly concentrated in Asia, and ship maintenance also requires a large amount of paint.

The good development momentum of the Asian economy has driven the demand for high-quality marine coatings. About 75% of the orders for the Asian shipping market come from China. The rapid growth of the Asian shipping industry undoubtedly contributes to the orderly development of the marine coatings industry. Some Japanese paint companies are more optimistic about the potential of the Chinese market and have gradually shifted their business focus to the Chinese market. Not only that, painters in the United States and Europe are also moving closer to Asia, making competition in the industry even more intense.

Internationally renowned ship coating manufacturers have set up factories in China, Denmark Hempel, British IP, Norway Jotun, British Earl, Japan Kansai, type macaron (now PPG) took over in Shenzhen, Shanghai, Guangzhou, Ningbo, Tianjin, Kunshan Set up factories in other places.

Multinational corporations often face product quality and on-site services, and local companies generally attract and maintain customer resources through price advantage. In the post-financial crisis era, local companies and foreign companies of Asian marine coatings are presenting a fierce market battle. Looking at the overall situation, the combination of technology, price, and service is the hard truth for enterprises to win the market. Whether it is a local company or an outside company, planning the future direction of the company in this regard is the ultimate trump card to winning the market.

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