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According to a report from the National Bureau of Statistics, in 2018, 1,336 large paint companies produced approximately 17.
6 million tons of paint.
This is an increase of 5.
9% (16.
6 million tons) from the adjusted production in 2017.
The total output of powder coatings in 2018 is expected to be 1.
76 million tons, a year-on-year increase of 9.
7%, reflecting that the growth rate of environmentally friendly coating products has exceeded the overall coating industry.
Anhui Meijia New Material Co.
, Ltd.
is the first listed powder coating company in China.
In 2018, Mega’s total revenue reached 806 million yuan, an increase of 21.
2% over 2017.
R&D costs have increased by 16.
85%, but its proportion of total revenue is only 0.
33%, which means that domestic companies still have a lot of room for development and invest more in R&D.
Main application areasHousehold appliances, building materials and general industrial sectors are the main application areas of powder coatings.
After so many years of development, the share of powder coatings for electronic appliances has shrunk from about 25% in 2012 to 19.
6% in 2017.
In addition, the construction materials and general industrial sectors continued to increase their shares during the same period.
But unlike the automobile market in Western countries, this field in China has not yet become the main application field of powder coatings.
The industrial and agricultural machinery and automobile industries only account for about 6% of the total.
Pre-coated steel plates are widely used in refrigerator manufacturing, which limits the overall growth of powder coatings in the field of household appliances.
Although China's powder coating production accounts for about half of the world's total, high-end powder coatings such as polyurethane, acrylic and fluorocarbon are still less than 1%.
It is estimated that there are about 2,100 powder coating manufacturers in China.
Therefore, low-level competition centered on pricing has slowed down the overall quality of the industry.
In addition, although TGIC has been subject to regulatory restrictions in some Western countries, it is still widely used in polyester powder coatings in China, especially in the application of aluminum products.
However, the development prospects of China's powder coatings are very optimistic.
Environmental regulations have prompted more companies to adopt green technologies, including powder coatings, and the automotive industry also offers huge growth potential.
At present, although the permeability of powder coatings used in the automotive industry is less than 2%, some automotive companies have begun to expand the scope of powder coatings, which may increase the demand for powder coatings.
In fact, more and more large players are strengthening their competitiveness in China, but everyone has their own perspective and strategy.
Jotun, a global leader in marine coatings, has a relatively small scale in the powder coatings market.
The company's marine coatings sales are approximately 2.
7 billion yuan.
In contrast, the sales of its powder coatings are only about 100 million yuan.
Jotun plans to expand its sales in the construction sector by working closely with designers and major clients.
However, more and more international companies hope to become independent in China and end their existing partnerships with local companies.
This is a new phenomenon.
Faster response speed and business flexibility are the main reasons behind the decision.
By the end of 2018, Akzo Nobel had acquired all the shares of Swire Group in a joint venture previously jointly owned by the two companies.
At the same time, Swire said it would sell all its coatings interests (estimated at HK$2.
7 billion) to Akzo Nobel.
The joint venture mainly sells decorative paints under the Dulux brand.
Akzo Nobel's profit in the first half of 2018 fell by 29.
2%.
In addition to Akzo Nobel, Axalta is also close behind.
Both Axalta and Yongjia announced that they will dissolve their joint ventures that they have invested in China for many years.
According to the press release, Axalta will acquire the Qingpu plant from the transaction, and Yongjia will acquire the other four plants, namely the Huangshan, Chengdu, Dongguan and Jinan plants.
Axalta said that this move will help Axalta speed up the introduction of its global premium powder coating technology into the Chinese market.
Yongjia also stated that it will increase R&D investment and increase production capacity in the future.
The architectural coatings market will become a battle zone for large companies in the future, and leading companies will add new production capacity across China.
Sankeshu’s new plant in Anhui commenced production in April.
With a total investment of 686 million yuan, the factory mainly produces all-category products such as interior and exterior wall coatings, waterproofing, thermal insulation, auxiliary materials, and flooring.
Sankeshu currently has 9 production bases and 43 joint factories in China, and is one of the largest architectural coatings companies in China.
The administration of US President Donald Trump has raised tariffs on US$200 billion worth of Chinese exports from 10% to 25%, which will push wooden furniture, household appliances and electronic equipment, and equipment manufacturers to move factories to other countries.
6 million tons of paint.
This is an increase of 5.
9% (16.
6 million tons) from the adjusted production in 2017.
The total output of powder coatings in 2018 is expected to be 1.
76 million tons, a year-on-year increase of 9.
7%, reflecting that the growth rate of environmentally friendly coating products has exceeded the overall coating industry.
Anhui Meijia New Material Co.
, Ltd.
is the first listed powder coating company in China.
In 2018, Mega’s total revenue reached 806 million yuan, an increase of 21.
2% over 2017.
R&D costs have increased by 16.
85%, but its proportion of total revenue is only 0.
33%, which means that domestic companies still have a lot of room for development and invest more in R&D.
Main application areasHousehold appliances, building materials and general industrial sectors are the main application areas of powder coatings.
After so many years of development, the share of powder coatings for electronic appliances has shrunk from about 25% in 2012 to 19.
6% in 2017.
In addition, the construction materials and general industrial sectors continued to increase their shares during the same period.
But unlike the automobile market in Western countries, this field in China has not yet become the main application field of powder coatings.
The industrial and agricultural machinery and automobile industries only account for about 6% of the total.
Pre-coated steel plates are widely used in refrigerator manufacturing, which limits the overall growth of powder coatings in the field of household appliances.
Although China's powder coating production accounts for about half of the world's total, high-end powder coatings such as polyurethane, acrylic and fluorocarbon are still less than 1%.
It is estimated that there are about 2,100 powder coating manufacturers in China.
Therefore, low-level competition centered on pricing has slowed down the overall quality of the industry.
In addition, although TGIC has been subject to regulatory restrictions in some Western countries, it is still widely used in polyester powder coatings in China, especially in the application of aluminum products.
However, the development prospects of China's powder coatings are very optimistic.
Environmental regulations have prompted more companies to adopt green technologies, including powder coatings, and the automotive industry also offers huge growth potential.
At present, although the permeability of powder coatings used in the automotive industry is less than 2%, some automotive companies have begun to expand the scope of powder coatings, which may increase the demand for powder coatings.
In fact, more and more large players are strengthening their competitiveness in China, but everyone has their own perspective and strategy.
Jotun, a global leader in marine coatings, has a relatively small scale in the powder coatings market.
The company's marine coatings sales are approximately 2.
7 billion yuan.
In contrast, the sales of its powder coatings are only about 100 million yuan.
Jotun plans to expand its sales in the construction sector by working closely with designers and major clients.
However, more and more international companies hope to become independent in China and end their existing partnerships with local companies.
This is a new phenomenon.
Faster response speed and business flexibility are the main reasons behind the decision.
By the end of 2018, Akzo Nobel had acquired all the shares of Swire Group in a joint venture previously jointly owned by the two companies.
At the same time, Swire said it would sell all its coatings interests (estimated at HK$2.
7 billion) to Akzo Nobel.
The joint venture mainly sells decorative paints under the Dulux brand.
Akzo Nobel's profit in the first half of 2018 fell by 29.
2%.
In addition to Akzo Nobel, Axalta is also close behind.
Both Axalta and Yongjia announced that they will dissolve their joint ventures that they have invested in China for many years.
According to the press release, Axalta will acquire the Qingpu plant from the transaction, and Yongjia will acquire the other four plants, namely the Huangshan, Chengdu, Dongguan and Jinan plants.
Axalta said that this move will help Axalta speed up the introduction of its global premium powder coating technology into the Chinese market.
Yongjia also stated that it will increase R&D investment and increase production capacity in the future.
The architectural coatings market will become a battle zone for large companies in the future, and leading companies will add new production capacity across China.
Sankeshu’s new plant in Anhui commenced production in April.
With a total investment of 686 million yuan, the factory mainly produces all-category products such as interior and exterior wall coatings, waterproofing, thermal insulation, auxiliary materials, and flooring.
Sankeshu currently has 9 production bases and 43 joint factories in China, and is one of the largest architectural coatings companies in China.
The administration of US President Donald Trump has raised tariffs on US$200 billion worth of Chinese exports from 10% to 25%, which will push wooden furniture, household appliances and electronic equipment, and equipment manufacturers to move factories to other countries.
