echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Coatings News > Paints and Coatings Market > Industry | Coating Industry Analysis

    Industry | Coating Industry Analysis

    • Last Update: 2021-03-28
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Urban construction and social progress have contributed to the rapid development of the construction industry and brought huge development opportunities to the coatings industry.
    In 2019, my country's coatings output reached 22.
    04 million tons, with an output value of approximately 69.
    2 billion US dollars, which is close to one-third of the global scale.
    It is an analysis of the coating industry.
    Coatings are mainly divided into civil coatings and industrial coatings.
    According to the general definition, industrial coatings not only cover many fields such as automotive coatings , construction, metallurgy, manufacturing, medicine, transportation, ship and container coatings, industrial floor coatings , road marking system coatings, etc.
    , but also include various fields that people use daily Among the daily production supplies, such as furniture, home appliances, production equipment , and even a small pencil, an aluminum beverage bottle, and so on.
    Coatings are mainly divided into civil coatings and industrial coatings.
    According to the general definition, industrial coatings not only cover many fields such as automotive coatings , construction, metallurgy, manufacturing, medicine, transportation, ship and container coatings, industrial floor coatings , road marking system coatings, etc.
    , but also include various fields that people use daily Among the daily production supplies, such as furniture, home appliances, automotive coatings, industrial floor coatings , and even a small pencil, an aluminum beverage bottle, and so on.
    The Asia-Pacific region is one of the main markets for industrial coatings and the fastest growing region in the global coatings market.
    Among them, China accounts for more than half of the consumption in the Asia-Pacific region.
    According to the analysis data of the coating industry, my country's paint output reached 11 million tons in 2011, and it is showing a trend of rapid growth year by year.
    In 2013, my country's paint output exceeded 15 million tons.
    In 2016, my country's paint production exceeded 20 million tons for the first time, reaching 20.
    36 million tons.
    In 2017, my country's paint output reached 20.
    41 million tons, breaking the 20 million tons mark again.
    It is worth noting that the growth rate of my country's paint output is gradually slowing down.
    In recent years, my country's economic development has gradually weakened, the real estate industry has been sluggish, and the development of coatings companies has become more and more bumpy.
    my country's coatings are in the transformation and upgrading stage of oil-to-water conversion.
    Before the oil-to-water conversion has made a major breakthrough, the growth rate of my country's coatings output will continue to maintain a low level, about 5%.
    In 2018, my country's paint production accounted for 38% of the global market share, and sales revenue accounted for 33% of the global total sales revenue, occupying an important position in the global coatings market.
    Although the current growth rate has slowed down significantly, it still maintains a steady growth.
    In 2018, the coating output of my country's above-scale enterprises was 17.
    6 million tons, a year-on-year increase of 6%; the operating income of the above-scale coating companies was 326.
    5 billion yuan, an increase of 7% year-on-year; the total profits of coating companies above designated size were 23.
    6 billion yuan, an increase of 5% year-on-year.
    In addition, the country has stricter requirements on VOCs emissions, and various localities have successively issued express requirements to control the total emissions of VOCs.
    Analysis of the coatings industry pointed out that environmental taxes will also be imposed on VOCs such as benzene and toluene from January 1, 2018.
    Therefore, the additional cost of using solvent-based coatings will be greatly increased, and the advantages of water-based coatings will gradually appear, thereby facilitating the process of oil-to-water conversion.
    In March 2019, the seventh meeting of the Central Committee for Comprehensive and Deepening Reform deliberated and passed the "Guiding Opinions on Promoting the Development of the Western Region in the New Era to Form a New Pattern".
    The meeting clearly requested that the promotion of the development of the western region to form a new pattern should be paid more attention to.
    Great opening up and play a leading role in the joint construction of the “Belt and Road” initiative.
    At the same time, the domestic manufacturing industry continues to migrate inland, and the industrial regional structure is adjusted in depth.
    The northern region gathers from the three northeastern provinces (mainly Changchun and Shenyang) to Hebei and Beijing, the central region gathers toward Hubei and Chongqing, and the southern region gathers toward Guangdong.
    At present, China also has some domestic enterprises that have been well-known for a long time and have gradually grown into the backbone, such as: Hunan Xiangjiang, Jiangsu Dewei, , Ltd.
    " target="_blank">Lanling Chemical , Sifang Weikai, Tianjin Lighthouse Coatings and so on.
    As for Zhanchen, Jiabaoli , Dabao Chemical and other companies that have entered the industrial coatings market, they can only be regarded as rookies in the industry.
    The specific performance remains to be seen.
    , Ltd.
    " target="_blank">Lanling ChemicalJiabaoli looks forward to 2020, China's coating industry will usher in an upgrade, and environmentally friendly water-based and powder coatings will be the future development direction of the coating market.
    In addition to favorable factors such as low interest rates from the economic level, abundant cash for participants and active M&A market, there are also some specific factors that are also driving the positive development of the industry.
    The above is all the content of the coating industry analysis.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.