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Exhibiting Info
Why Exhibit

Seize Robust Growth of Asian Coatings Market

  • Global coatings market grew by about 5% in 2018. Asia-Pacific (APAC) region dominated the market by holding 52% share. As the largest coatings market in Asia, China accounts for about two-thirds of total consumption in the region. APAC coatings market is anticipated to register a CAGR of 5.27% during 2019-2024. Market outlook remains positive.
  • India, Bangladesh, Myanmar and Pakistan are the fastest growing Asian coatings markets. It is estimated average GDP growth rate of these 4 countries will hit 7.6% by 2023.
  • Other Southeast Asian markets, such as Indonesia and the Philippines, possess large decorative and marine coatings markets, together they provide strong growth momentum in Asia. It is estimated these coatings markets will grow at a rate of 5-8% per year through 2023.

 

Unprecedented Opportunities in The Greater Bay Area

  • The Greater Bay Area comprises 2 Special Administrative Regions of Hong Kong and Macao, and 9 municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province. Its total area is 56,000 km2, with population of over 70 million as at end of 2018, making it the largest out of the world's four largest bay areas.
  • The Greater Bay Area has already been considered as a pioneering domestic city cluster. Although it only occupies 0.6% of land and has 5% of total population in China, it accounts for 12% of the country's GDP, surpassing the economic efficiency of 2 other major city clusters, Jing Jin Ji (Beijing, Tianjin and Hebei) and the Yangtze River Delta.
  • Located in the heart of the Pearl River Delta, real estate and infrastructure are the two major development sectors of the Greater Bay Area, thus driving high demand for architectural, decorative and waterproof coatings, as well as furniture and wood lacquers, etc.

 

Enhance Benefits Created by Innovative Products and Socio-Ecological Demands

  • With Chinese Government's initiatives and global environmental trends, coatings industry has presented growing demand for eco-friendly products. In 2018, waterborne coatings market was valued at over US$52 billion. UV, high solids and solventless coatings which lie within category of low-VOC and low-HAP products, continue to increase in demand.
  • High-performance and multi-functional coatings markets are expected to grow at a CAGR of over 5% during 2019-2024. One of the major factors driving the market includes increasing construction and transportation activities in Asia-Pacific.
  • China's powder coating production volume increases fast, reaching 1.76 million tons in 2018, with annual growth rate above 20%. Industries such as furniture production, home decoration, automotive manufacturing, automobile refinish and home-appliance-making all make use of powder coatings.

 

CHINACOAT Continues to Gain Market and Industry Recognition

  • Visitor number has been increasing year by year, particularly from China and Asia, which together accounted for over 96% of total visitors in 2018 Guangzhou edition.
  • Growing exhibitor figure and exhibition scale reinforce the show's importance to the industry, and provide opportunities for those looking to establish or strengthen their presence in China and Asia markets.
  • Serving global coatings industry for 25 years, CHINACOAT has been witnessing rapid industry development, and developing as a global platform for sharing insight within the industry and across the entire value chain.
Find Market Niches and Opportunities for Robust Growth
  • Asia is the largest and fastest growing market for global coatings industry and has been so for several years. Growth momentum is attributed to industry development in the region, as well as low per-capita coatings consumption. Countries like India and Indonesia continue to grow at strong rates.
  • China is anticipating to post a 6.4% GDP growth for year 2018, while India is projected to be the fastest growing economy in Asia at 7.3%. The overall 2019 GDP growth within Asia is estimated at 6%. These figures show that Asia remains the key driver for global economic growth.
  • On a global scale, the construction market, automotive market and industrial production are expected to remain steady in coming years. The coatings industry growth will continue to be led by Asia.
Grasp Business Potential in The Yangtze River Delta (YRD) Region
  • The scale of YRD city cluster was expanded from 16 cities to 26 cities in 2016. It is now the largest city cluster in China and the sixth-largest in the world. In the first half of 2018, its GDP growth was 7.2%, higher than the national average of 6.8%.
  • The YRD region is the manufacturing engine for industries like construction, home appliances, automobiles, machinery manufacturing, transportation, containers, etc. Coatings are inseparable from these industries, thereby maintaining a huge and sustainable demand.
  • Growing YRD economy provides a positive market environment for medium and high-end coatings products. Coupled with rising purchasing power of the consumer market, these factors continue to propel the growth of the coatings industry in the YRD region.
Direct and Effective Marketing to Cope with Changing Conditions
  • Global coatings market is forecasted to witness significant growth owing to increasing demand in housing and infrastructure projects and thriving middle class in the emerging economies.
  • Rising disposable incomes and urbanization are driving demand for coatings in architectural, transport, automotive, electrical and electronics applications.
  • Stringent VOCs regulations are likely to soar the demand for green coatings, such as waterborne coatings, powder coatings, high-solids coatings and UV/EB-cured coatings.
  • Hong Kong
    SINOSTAR-ITE INT'L LTD. /
    CHINACOAT EXHIBITION LTD.
    2101-2, 21/F., Jubilee Centre, 42-46 Gloucester Road, Wanchai, Hong Kong
    Tel: (852) 2865 0062
    Fax: (852) 2804 2256
     
     
  • Shanghai
    NEW EXPOSTAR (SZ) CO., LTD. - Shanghai Branch
    Room 1708, 17/F., Eton Place, 69 Dongfang Road,
    Pudong New Area, Shanghai 200120, P. R. China
    Tel: (86 21) 5877 7680/1/2/3
    Fax: (86 21) 5877 7685
  • Shenzhen
    NEW EXPOSTAR (SZ) CO., LTD.
    Unit C., 42/F., Block A, World Finance Centre
    4003 Shennan Dong Road, Shenzhen, Guangdong 518001, P.R. China
    Tel: (86 755) 6138 8100
    Fax: (86 755) 6138 8113