The global coatings industry has been hit hard, and how is the Chinese market performing?

On November 2, the 2022 Asia-Pacific International Coatings Industry Development Conference, jointly hosted by China Coatings Industry Association and Puyang Municipal People's Government and hosted by Puyang Industrial Park, was held
in the form of online live broadcast.
At the meeting, a number of industry experts said that due to the impact of the new crown pneumonia epidemic and geopolitical conflicts, the global coatings industry has suffered a serious impact, there is great uncertainty in the European and North American coatings markets, and the market forecast is not optimistic, and the Asia-Pacific region continues to become an important growth pole of the world's coatings industry, of which China's coatings market continues to become an important growth point
.

"We expect the total European coatings market to decline by 4% this year and flat or by 1%
next year.
" Marten van der Meer, senior consultant of Orbo Consulting Co.
, Ltd.
, said that due to inflation and rising interest rates, the real estate industry in Europe and the United States will see a downward trend, which will affect the building-related coatings market
such as decorative coatings, industrial wood coatings and coil coatings.
In addition, the energy crisis in Europe affected by geopolitical conflicts, some energy-intensive enterprises may be forced to stop production, such as chemical production enterprises, which will also have a greater impact
on the global market.

In contrast, the coatings market in the Asia-Pacific region is developing
rapidly.
Sun Lianying, president of the China Coatings Industry Association, pointed out that at present, the output value of coatings in the Asia-Pacific region has exceeded 46% of the global share, and the output accounts for about 60% of the world, far ahead of other regions
.
Yoshiko Norizuki, director of the International Department of the Japan Coatings Association, also said that the industry is recovering from the impact of the new crown pneumonia epidemic, and Japan's paint production has not yet returned to pre-epidemic levels, but due to the increase in unit prices of products, total sales have exceeded the same period
in 2019.

"China's annual paint output has reached more than 38 million tons, an increase of 110 times
compared with 1978.
Since China became the largest producer and consumer of coatings in 2009, it has ranked first
in the world's paint production for 13 consecutive years.
At present, the output of China's coatings has accounted for 1/3 of the world, making the Asia-Pacific region an important growth pole
for the development of the world's coatings industry.
Li Shousheng, president of the China Petroleum and Chemical Industry Federation, said
.

The latest Asia-Pacific Coatings Top 30 list released by Orbo Consulting Co.
, Ltd.
also confirms this
.
There are a total of 12 Chinese paint companies in the list, one more than the previous period, among which the highest-ranked Three Trees Paint Co.
, Ltd.
(sixth place), with total sales of US$1.
7 billion in 2021, an increase of 27% over 2020, is one of
the fastest growing paint companies in Asia.

Pang Guanglian, deputy secretary-general of the Petrochemical Federation, pointed out that the Regional Comprehensive Economic Partnership (RCEP), which came into effect in January this year, amplified the effect
of China's paint exports.
In January ~ August this year, China's paint exports were 148,000 tons, up 5.
6% year-on-year; imports were 127,000 tons, down 4.
3% year-on-year; Exports are 9.
9 percentage points higher than imports, and annual coatings exports are expected to exceed 220,000 tons, which is expected to set a new record
.
In January ~ August, the export value of coatings was 566 million US dollars, a year-on-year increase of 15.
7%; Imports amounted to US$1.
052 billion, down 4.
4% year-on-year; The export value has exceeded half of the imports, and the growth rate is 20.
1 percentage points
higher than that of imports.

Pang Guanglian suggested that the coatings industry should grasp the development opportunities brought by RCEP, strengthen regional opening and cooperation, carry out overseas layout, integrate resources to improve the quality of domestic coatings, comprehensively enhance the international competitiveness of China's coating products, and expand the international market share and influence
of China's coatings.