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With the further promotion of One belt, one road initiative and the construction of the "Bay, Guangdong and Macao" bay area, China's manufacturing will shift from high speed growth to high quality development in the next ten years by further opening up cooperation and market. Guangdong, Hong Kong and Macao Great Bay Area is actively building and improving the industrial development pattern, increasing infrastructure investment, improving the ecological environment, upgrading the level of industrial manufacturing, and speeding up the pace of global high-end value chain. The new economic structure will further enhance the growth momentum of the coating industry. According to the "market forecast of domestic coatings industry from 2019 to 2024" issued by prospective industry research institute, the overall growth rate of domestic coatings market will maintain 7% in the next 3-5 years, and the market scale is expected to exceed 600 billion yuan in 2022. The continuous growth of downstream industries has brought huge market space to coating raw materials and equipment enterprises.


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