Abstract
Report Scope and Methodology
This report examines China' s macroeconomic trends, investment environment,
sealant industry structure and capacities, production and demand, end-user
market consumption trends, distribution channels and industry participants.
Long-term forecasts for major sealant production and demand are included. Key
producers and end-users are profiled. Most of Chinese sealant producers are
listed in the producer directory section.
In China, bituminous sealants and synthetic sealants are major types of
sealants. Synthetic sealants include synthetic rubber sealants, acrylic
sealants, polyurethane, polysulfide and silicone sealants. Bituminous sealant
plays a predominant role in the sealant industry.
Most primary and secondary researches are done in China in order to access
up-to-date government regulations, market information and industry data. Data
are collected from the Chinese government publications, Chinese language
newspapers and magazines, Chinese chemical industry associations, local
governments' chemical industry bureaus, and sealant industry publications.
Interviews are conducted with Chinese industry experts, university professors,
and sealant producers in China.
Historical data include 1996, 2001 and 2006. Longterm development trends are
projected to the years 2011 and 2016. Economic models and quantitative methods
are applied in this report to project market demand and industry trends.
Metric system is used and values are presented in either yuan (RMB, current
price) and/or US dollars. Exchange rate for 2006 is based on the annual
average rate (7.9 yuan per US dollar). The word "demand" is used
interchangeably with "consumption". Totals may not add due to rounding.
Executive Summary
China has experienced nearly over two decades of high economic growth, which
has been stimulated by the consecutive increase of industrial output,
consumption and capital investment. During the period, the national economy
has been developed continuously, high-speed, and healthy. China' s GDP has been
growing at 11% per annum. National industry output has been advancing at 10.3%
annually and will continue to sustain a strong growth into the next decade.
Though the deflation has existed in these two years, the national economy has
continued to grow with a sound speed. The fast-growing middle class is
creating an enormous consumer society. As the fastest-growing economy in the
world, the emerging market has attracted the attention of investors and
corporations around the world for the last two decades.
To deepen the reform of state-owned enterprises is a long-term task and needs
great effort. The reform of state-owned economy has witnessed rapid changes in
both economic and social aspects. The introduction of foreign advanced
technology and capitals will continue to be favored by the Chinese government
and business community. New ways will be adopted to utilize foreign
investment, including mergers, acquisition, and investment funds and
securities investment. China will continue to improve its investment
environment in the areas of legal system, intellectual property protection,
foreign trade and investment regulation, infrastructure and financial system.
China is the second largest foreign investment recipient after the United
States in the world. Given its vast market, the country provides tremendous
opportunities for investment and trade both for the present and future.
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