Construction activities and demand for protective coatings promote the steady growth of my country's woodware and architectural coatings industry markets

According to the report "Wood Coatings: Technology and Application Market" by BCC Research, my country's growing construction activities and the demand for protective coatings are two factors driving the expansion of the wood and architectural coatings industries.

Industry mergers and acquisitions continue to increase

Due to the low concentration of the coatings industry, M&A transactions in the coatings industry have been increasing in recent years, showing the following main forms of M&A:

Mergers between foreign companies with the nature of special business enhancement; mergers by large international companies that are relatively monopolistic in the local market to acquire domestic pioneering companies; mergers and reorganizations of strong alliances between large domestic companies that are expansion of the regional market; In order to achieve the expansion of the business field, large enterprises with professional complementarity will acquire local markets or the merger of small and medium-sized enterprises with certain influence in the professional market.

In the future, with the continuous expansion of the scale and strength of some excellent companies, mergers and acquisitions between industries will become more frequent.

Product demand structure adjustment accelerated

In recent years, the country has made further strategic adjustments to the product structure of architectural coatings and wood coatings.

In terms of architectural coatings, in order to meet the needs of building high-rise buildings and improve the weather resistance of architectural coatings, weather-resistant and corrosion-resistant varieties based on organic silicon, fluorocarbon resin, etc.

Since the quality of raw and auxiliary materials such as coating resins, pigments, fillers, and additives is directly related to the quality of coatings, raw materials have become an important factor in the development of high-end products in the coatings industry.

Mainstream of competition: brand and comprehensive service capabilities

After decades of rapid development in the coatings industry, brand competition has become one of the main means of competition among enterprises.

At the same time, the connotation of products is expanding, and the connotation of management is expanding.