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On December 11 Zhuhai Zhanchen New Material Company cited a general industrial coatings research report published by QYResearch

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According to the research report of QYResearch, the global general industrial coatings market size is expected to reach 52.32 billion U.S. dollars in 2029, with a compound annual growth rate (CAGR) of 2.5% in the next few years. 248.88 billion yuan of the domestic industrial coatings market size in 2022, accounting for 55% of the total size of the domestic coatings industry. With the accelerated selection and upgrading of industrial coating products and technologies in China, it is expected that the market penetration rate will maintain a growth rate of 5% in the next five years, and the industrial coating market size could reach RMB 423.8 billion in 2027.

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