Material
Chinese steel industry developed rapidly thanks to the high market demand for steel.
Foreign-funded Companies in China
The global coating manufacturers are constantly developing towards collectiveness, large-scale and specialization in order to win the fierce competition while such objectives can be achieved by merger, reorganization as well as integration. Coating industry featured as low-technical entry, there are now about 10 000 coating companies in China, and the industry lacks well-known brands, price are in disorder, industrial criterion needs to be worked out and product quality is uneven, therefore, it is inevitable for China’s coating industry to carry out merger & reorganization and integration.
China’s Coating Industry
The coating markets in developed countries are saturated and are now developing towards maturity after a rapid development. The developing countries and regions, however, have turned to be the new increase point of global coating industry considering the huge market potentials. It is the estimated that some 70% increase will appear in Asia coating markets in the next 5-10 years while China is going to be the most activ market with the fastest development.
