Analysis of the development trend of the coating industry
2021-08-06
Gester Instruments
286
According to data provided by the China Coatings Industry Association, the total output of China's coatings in the first half of 2014 was 7,711,600 tons, a year-on-year increase of 10.3%; main business income increased by 13.2% year-on-year; total profits increased by 25.7% year-on-year; major economic indicators were higher than the industry Average. Industry insiders pointed out that the profit of the coatings industry has increased significantly, mainly due to the decline in the prices of bulk raw materials. From the perspective of subdivided application areas, the business situation of civil coatings is better than that of industrial coatings. The original pattern of low profit for civil coatings and higher profit for industrial coatings is changing, and the two are gradually converging. According to industry experts, as the pace of urbanization in China accelerates, some natural villages are disappearing. Not only does the demand for architectural coatings for new houses grow rapidly, but the demand for coatings for home appliances and furniture is also growing. In addition, the market demand for internal and external wall recoating is also very room for growth. In sharp contrast, due to the slowdown in domestic industrial investment growth, the growth in demand for industrial coatings has slowed down. Therefore, civil coatings will become an important engine driving the growth of the industry. To sum up, the pattern of high profits for industrial coatings and low profits for civil coatings is changing. Since the demand for civil coatings has grown faster than industrial coatings, taking the 'people-friendly' route is becoming an important direction for the structural adjustment of the coatings industry. At the same time, green products such as water-based coatings, high-curing coatings, water-based UV-curing coatings and powder coatings will be an important direction for future development. Article Source:
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