Asia paint market value will reach to $ 68 billion

Asia paint market value will reach 68 billion US dollars. As high-quality powder coating equipment provider, Guilin Hong Cheng always pay attention to all kinds of powder market information, provide high-quality milling equipment for China to create a world brand.

Today, the Asian paint market has become the world's largest paint market, has also been the driving force of the global coatings market. With the impact of the macro economy, paint growth rates may be slightly lower than past few years.

Asian paint market is expected to reach 68 billion US dollars, accounting for nearly 45% of the global coatings market.

In Asia, three countries have driven most of the human resources demand: China, India and Japan, account for 78% of Asia's paint demand. China is by far the most important country, which accounts for nearly 56% of coating demand.

Growth rates in the Asia-Pacific region are driven by several factors. As mentioned earlier, GDP is certainly the main driver of growth. Another one is per-capita paint consumption. Despite the significant growth in the Asian paint market over the years, per capita paint consumption in Asia is still far behind the North American and European markets. Per capita paint demand in Asia is 32% of the North American market. This indicates that there is still room for substantial growth in Asian markets.

Asian paint market growth will be driven by domestic demand growth, not necessarily brought by export growth. With the evolution of Asian economies in the past few years, they have gradually shifted from the export economy to the domestic demand economy. This change is gradual, but it does have an impact on the paint company. Companies that operate and sell coatings in the region now need to know more about local needs and tastes. This will be different from those used and sold around the world. In this case, the end consumer will be live in the paint production areas. Asian economies are also starting to shift to domestic focus, so products will need to be increasingly customized to meet the needs of Asian domestic consumers.

Guilin Hong Cheng ultrafine mill --coating equipment --HLMX ultrafine vertical mill

* Grinding plate diameter *: 1000-52400mm

* Moisture of feeding material *: ≤5%

* Production capacity *: 4-40t/h

* Product fineness *: 10-45μm; can be achieved 5μm with secondary classifying

* Applications *: Widely used in papermaking, paint, plastics, rubber, paint, ink, PVC and other production and living areas.