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According to relevant agencies' forecast, by 2010, China's auto production will reach 6 million vehicles and the vehicle ownership will reach 44 million. A total of 300,000 tons of automotive coatings will be needed, including about 220,000 tons of new vehicle paint and about 80,000 tons of refinish paint. For domestic companies, the automotive repair coating market clearly has a large market space.
The automotive industry is the largest industry in the world and the largest user of industrial coatings in the world. In foreign developed countries, automotive coatings generally account for about 20% of the total demand for paint in the country. Not only that, as one of the highest quality requirements in the coatings industry, automotive coatings represent the highest level of a national paint industry and coating technology.