DUBLIN, August 17, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/fbkbc6/china_waterbased) has announced the addition of the "China Water-based Coating Industry Report, 2014-2018" report to their offering. 

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So far, China has become the world's largest coating production and consumption country. In 2014, China's coating output reached 16,482 kt, accounting for 38% of the global total and consisting of 5,357 kt of construction coatings and 11,125 kt of industrial coatings (including 1,780 kt of automobile coatings). 

Despite rapid development, China's coating industry is still at the initial stage, with a low penetration rate compared with developed countries. In 2014, China's water-based coating production approximated 1,648 kt, occupying 10% of total coatings, and the market size totaled around RMB46.48 billion. Driven by good policies, especially the Notice of Taxation on Battery and Coating Consumption issued by the State Administration of Taxation, China's water-based coatings are expected to develop at a fast pace, and the penetration rate will be improved. 

China's water-based coating market is now dominated by international brands represented by BASF, Axalta and AkzoNobel. Moreover, these major international brands are still expanding their water-based coating capacities in China to further enhance competitiveness. 

Key Topics Covered: 

1 Overview 

2 Development of Global Water-based Coating Industry 

3 Development of China's Water-based Coating Industry 

4 Development of Upstream and Downstream Sectors of China's Water-based Coating Industry 

5 Major Enterprises 

6 Forecast and Outlook 

Companies Mentioned 

• Carpoly Chemical Group Co., Ltd
• Chongqing Sanxia Paints Co., Ltd
• Guangdong Maydos Building Materials Co., Ltd
• Hebei Chenyang Industry & Trade Group Co., Ltd
• SKSHU Paint Co., Ltd
• Shanghai Kinlita Chemical Co., Ltd
• Shenzhen Rainbow Fine Chemical Industry Co., Ltd
• Wanhua Chemical Group Co., Ltd
• Zhanchen Paints Co., Ltd
• Zhejiang Shenglibang Paint Industry Co., Ltd

For more information visit http://www.researchandmarkets.com/research/fbkbc6/china_waterbased

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets