subject: 2010 Global Manufacturer Of Automotive Coatings To Develop The Chinese Market [print this page] HC coating Network Reuters: the world by storm in 2008 Financial crisis Recession seriously affected North America and Western Europe, the Chinese market is not affected seriously. Although China's growth rate has slowed, but when the real estate market and infrastructure recovery, and automotive demand, the Chinese market began to pick up from the second half of 2009. Consequently, despite the severe Economy Period, with the car Sell The strong growth Automotive Coatings Manufacturers benefit from greater investment to stimulate the enthusiasm of the industry.
2010 global manufacturer of automotive coatings to develop the Chinese market
According to the Chinese Automobile Manufacturers Association data, the national car sales in 2009 rose to 13.6 million; and Autodata's figures show that U.S. auto sales dropped 21%, only 10.4 million, as since 1982 at least one year.
This year, China's automobile industry trend of rapid growth will continue, in January sales on the Chinese for the first time in months over the United States. Since the decline in U.S. auto sales in China accelerated the rise of the global automotive market. The United States in January 2010, vehicle sales dropped 37%, only 656,976, is the lowest in 26 years.
China's auto industry sales downturn, but there are no dramatic decline. According to the China Association of Automobile Manufacturers Statistics , January 2010 sales of 735,000, up by 860,000 last year, down 14.4%. The deadline to April 2010, the Chinese automobile inventories are close to one million two, mainly because in 2009 the Chinese automotive market hot, leading producers to increase production in 2010, the number, but with the decline in sales, inventory vehicles piled up.
Paint manufacturers continue to invest in emerging markets
Consulting firm based Chemark statistics, in 2009, the global automotive OEM Coatings Market Market value of 77.5 billion U.S. dollars, 8.79 billion U.S. dollars last year fell 12%. As anticipated, sales of automotive coatings typically reflect the trend of car sales. In 2009, the North American automotive OEM coatings sales of 2.25 billion U.S. dollars from the previous year dropped to 17.5 million, down 22%; Western Europe, sales fell more sharply from the 2.3 billion U.S. dollars in 2008 fell to 1.66 billion U.S. dollars, down 28% . Automotive OEM coatings market in Japan is the largest market growth in 2009, an increase of 1.2%, reaching 2.23 billion U.S. dollars.
In emerging markets, especially China, car owners to promote the future growth of the sustainable development of automotive coatings industry. According to Chemark company, in 2009 China Automotive OEM coatings market grew 5.1%, reaching 863 million U.S. dollars. India is another emerging concern, OEM coatings market in 2009 grew by 6% to 292 million U.S. dollars.
Major multinational Paint Company Are looking through mergers, acquisitions and infrastructure expansion to improve the sales channels, increase capacity, continue to consolidate market share in China.
2010 Global Manufacturer Of Automotive Coatings To Develop The Chinese Market
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