According to statistics, from 2002 to 2007, the global coatings industry output increased by nearly 5%, and annual sales revenue increased by 7%. In 2008, global coatings production totaled 36.6 million tons, up 3% year-on-year; sales were US$101.5 billion, up 3.1% year-on-year. Under the influence of the global financial crisis, global paint sales in 2009 was US$95 billion, showing a negative growth. According to the World Association of Paints and Coatings Industry (WPCIA), the global coatings industry resumed rapid growth in 2010, with total production increasing by approximately 8% year-on-year and output value exceeding US$100 billion. In 2011, global coating production was approximately 35.4 million tons. It reached US$106.7 billion; in 2012, global coating production was approximately 39.82 million tons, with an output value exceeding US$120 billion; in 2013, global coating production was 41.75 million tons, with an output value of US$127.3 billion. In 2014, the global paint and coatings market continued to grow, with production reaching 43.38 million tons, or about $132.3 billion. In 2015, the global total output of coatings reached 61.5 million tons, with an output value of approximately 191.3 billion US dollars.
The World Paint and Coatings Industry Association (WPCIA) estimates that from 2014 to 2018, the annual compound growth rate of world coatings production will remain above 5%. From the global distribution of the coatings industry, Asia Pacific, Europe and North America are the leading regions in the global coatings industry. Currently, the top ten global coatings companies are the three regions. With the global manufacturing shift to the Asia-Pacific region, coatings production in the Asia-Pacific region has grown year by year and has become the world's largest coatings production area. Asia-Pacific coatings accounted for 48%, 47% and 42% of the world's coatings from 2013 to 2015, respectively. %, in the first place, especially a few growing countries such as China and India, has become the focus of the world coatings market, and has become a powerful engine to drive the development of the global coatings industry.
According to the National Bureau of Statistics and China Coatings Industry Association, in the early days of reform and opening up, China's annual output of paint was about 500,000 tons, ranking eighth in the world. In 2002, the total output of China's paint was 2.0157 million tons, ranking second in the world. In the United States; by 2009, China's coatings had overcome the adverse effects of the global financial crisis since 2008, with a total output of 7,554,400 tons, ranking first in the world for the first time; in 2016, China's total coating output reached 18.99.78 million tons.
Due to the imbalance of regional development and industrial agglomeration in China, the regional characteristics of China's paint production are more obvious. According to the China Petroleum and Chemical Industry Federation, in 2015, the East China, South China and Central South regions were the main regions for China's coating production. The three regions accounted for 34%, 22% and 14% respectively, and the coatings industry gradually showed regions. Aggregation characteristics.
Currently, China is the world's largest paint producer. According to the statistics of the National Bureau of Statistics and the China National Coatings Industry Association, in 2016, the output of industrial enterprises above designated size in the coatings industry reached 18.899.78 million tons. The total global production of paints was about 645.75 million tons, accounting for 29.42% of the total global production. Ranked first in the world.
Over the past 30 years of reform and opening up, the process of industrialization and urbanization in China has provided an opportunity for the rapid development of industrial coatings and architectural coatings. International coatings companies have set up production bases in China, and some domestic independent research and development technologies have emerged. A paint manufacturer that competes with international coatings giants. The technical level of China's coatings industry has progressed rapidly, the varieties of coatings have become increasingly rich and perfect, and the output of coatings has also been greatly improved.