Asian coatings consumption to grow by 8% through 2009.The coatings consumption in Asia is forecasted to increase at an annual rate of 8% through the year 2009, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report from Kusumgar, Nerlfi, & Growney entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: The Asian Coatings Study. In 2004, coatings consumption in the region surged to 7.9 MM metric tons with a sales value of $20.5 billion. China and India India, officially Republic of India, republic (2005 est pop. 1,080,264,000), 1,261,810 sq mi (3,268,090 sq km), S Asia. The second most populous country in the world, it is also sometimes called Bharat, its ancient name. India's land frontier (c. are the fastest growing coatings consumers in Asia, both expanding at double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. rates. China has recently surpassed Japan to become the largest coatings market in Asia. In 2004, China accounted for 42% of the coatings volume and one-third of the dollars in the region. Coatings demand in China is being propelled by a strong housing market, infrastructure building, the increased domestic consumption of goods, and growing exports. Coatings usage in India is also expanding because of a growing housing market and infrastructure building. However, India is significantly behind China in the manufacture of most goods utilizing paint. In contrast to China and India, coatings consumption in Japan has stagnated. Japan remains the largest consumer of automotive coatings in Asia, but China is expected to surpass it by 2009. Responding to the low domestic growth of recent years, Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and coatings producers have expanded their presence in other Asian countries Noun 1. Asian country - any one of the nations occupying the Asian continent Asian nation country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" . In 2004, China, Japan, South Korea Korea (kôrē`ə, kə–), Korean Hanguk or Choson, region and historic country (85,049 sq mi/220,277 sq km), E Asia. , and India represented just over 80% of the coatings volume and dollars in Asia. Japan's and South Korea's share of the Asian coatings market is projected to decline. In 2004, the two countries combined were 27% of the coatings tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. , but are forecast to fall to a 20% share by 2009. The combined share of coatings tonnage for China and India is expected to rise from 54% to 63%. The Asian Coatings Study can be obtained from Kusumgar, Nerlfi & Growney by contacting 973.439.0030 or nerlfikng@cs.com. ASIAN COATINGS CONSUMPTION IN 2004 BY COUNTRY, IN MILLIONS Country Metric Ton $ % AGR China 3.34 6,676 11 Japan 1.31 5,343 0 Korea 0.85 2,785 3 India 0.95 1,857 10 Taiwan 0.32 942 3 Thailand 0.26 701 5 Indonesia 0.19 475 7 Malaysia 0.14 412 5 Vietnam 0.12 381 7 Singapore 0.11 325 4 Philippines 0.15 301 4 Other 0.18 340 9 TOTAL 7.92 20,538 8 |
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