Policy boost!

In recent days, national leaders proposed at an important meeting: to stabilize and expand automobile consumption, launch a new round of autos to the countryside and trade-in for new ones, and encourage rural automobile consumption

Once the news was sent, residents were encouraged to buy cars

As an important market segment of industrial coatings, automotive coatings that are matched with automobiles have promising advantages in terms of market size, industry growth rate, and profit margins

According to statistics, the global automotive coatings market in 2019 was US$18 billion, accounting for 13% of the coatings industry

In addition, China is the region with the most concentrated production and sales of automotive coatings in the world

Fun Coatings (Qutu.

According to the data, automotive coatings can be divided into solvent-based coatings, water-based coatings, powder coatings and light-curing coatings according to the product form

For a long time in the past, solvent-based coatings occupied most of the market share of automotive coatings

Fun Coatings (Qutu.

Coupled with water-based coatings, powder coatings with no VOCs emissions have also continued to enter the market as development needs

According to industry surveys, powder coatings for wheels account for approximately 25% of the total sales of powder coatings for automobiles, which is the largest market share

"Powder coatings can reach the thickness of a few or even dozens of coatings of solvent-based or water-based coatings in one application.

Studies have shown that with the increasing use of water-based and powder coatings in automotive coatings, solvent emissions in the automotive workshop have been reduced by 50% in the past ten years

to sum up:

For a long time, the market for OEM original paint and mid-to-high-end refinish paint has been almost monopolized by foreign-funded companies, and domestic companies only occupy a certain share in the field of auto parts coatings and mid- and low-end refinish paints

However, with the rise of domestic automobile brands, especially new energy and new forces, the pattern of the automotive coatings market is expected to be reshuffled

It is foreseeable that in the future, those automotive coating companies with brands, technologies and guarantees are expected to stand out