Guangdong Carpoly
Focus on China:
Guangdong Carpoly
As one of China’s leading domestic coatings manufacturers, and among the world’s top
40 paint producers, Guangdong Carpoly has ambitious growth plans for the future.
by Tim Wright, Editor
China’s coatings industry has achieved remarkable success over the past 20 years in terms of technology innovation and marketing transformation while facing various challenges. The industry is now more mature and able to withstand
risks. Domestic enterprises there are expanding their markets
through merger and acquisition while foreign firms continue to
pour money into operations there.
Despite the global financial crisis, China’s coatings industry
continues to grow. China’s economic recovery in 2009-2010
from the global recession indicates that the government’s stimulus package and other policies against the crisis have played an
active role in the quick recovery. At the same time the overall dynamics of China’s coatings industry are evolving according to
some key trends.
Prior to the recession export markets were the bedrock of the
Chinese coatings industry, but this is no longer the case. Domes-
tic demand now represents the major market opportunities. Do-
mestic infrastructure expansion through the construction of
roads and bridges, for example, has boosted economic growth.
Emerging industries such as wind power generation, logistics and
the information industry are also on the rise. Another trend has
seen Tier II and Tier III markets develop especially in rural areas,
which are becoming larger paint consumption markets. Lastly,
China’s middle and western regions are undergoing an acceler-
ated pace of development.
www.coatingsworld.com
March 2011