Anti-corrosive coatings sales growing fast in China despite slump in the marine and container sectors. Market driven by government stimulus.

GCiS China Strategic Research has published a study of the China market for anti-corrosive coatings (ACC). Six product technologies sold over nine industry segments were considered and their use surveyed between Q4 2008 and Q2 2009.

The study finds that Chinese industrial are placing large and growing importance on corrosion control as a means to limit long-term costs. Domestic sales revenues grew by 10.5% in 2008 to over RMB 20 BN. This growth is expected to be sustained for the next five years and may be enhanced due to the government stimulus unveiled in late 2008, which benefits the multiple industries relying on corrosion control.

The study also found a general trend in industrial sectors (chemicals, metallurgy) towards gradual upgrading of quality standards, and growth increasingly driven by domestic demand. Recoats of existing items will be the main factor of growth in the container and marine industries however, where the global downturn had a significant impact on ACC demand.