In the first three quarters of 2023, China's total paint production reached 2,691080,000 tons, a year-on-year increase of 47%。The total income of the main business was 29930.1 billion yuan, a year-on-year decrease of 42%。However, the overall competitive landscape is relatively fragmented, and although China's coatings market is large, it has not achieved strength and excellence. According to the 2023 list of the top 100 global coating companies in Tujie, a total of 26 Chinese companies are on the list, a decrease of 4 compared with last year. Among them, three companies, 3Trees, Jiabaoli and Xiangjiang Coatings, are among the TOP50, but 5 fewer than in previous years. Despite China's significant position in the global coatings market, it still lags behind companies in countries such as the United States, Germany and Japan.
1. Architectural coatings have the largest market share
In terms of segmentation, the market share of architectural coatings (including walls, waterproofing, flooring, and functional architectural coatings) reached 36%, about 174 billion yuan. This is followed by industrial coatings accounting for 35% and other coatings accounting for 29%. The architectural coatings market has a huge market size and potential in China, and is expected to continue to grow in the future.
2. The status of Chinese enterprises in the top 100 global coating companies
According to the 2023 list of the top 100 global coating companies in Tujie, a total of 26 Chinese companies are on the list, a decrease of 4 from last year. Among them, three companies, 3Trees, Jiabaoli and Xiangjiang Coatings, have entered the TOP50 and achieved certain growth. However, compared with the coating companies in the United States, Germany, Japan and other countries, there is still a large gap between Chinese companies.
3. The list of the top 100 global coating companies
In the list of the top 100 global coating companies, the ranking of the top 10 companies has not changed. U.S. companies occupy five spots in the list: Nipponpaint, RPM, Axalta, BASF and BEHR, while the Netherlands, Singapore, Germany, India and Japan each have one spot. Among them, Nippon Paint is the top-ranked coating company in Asia, with a revenue of 99 percent last year09.3 billion US dollars, a year-on-year increase of 114%。In addition, AkzoNobel and PPGINDUSTRIES ranked third and second, respectively.
Nippon Paint is the top company in China's paint market and a giant in the global paint industry. According to the list of the world's top ten most valuable paint brands in 2023 released by Brandfinance, Nippon's brand value is as high as 75$3.3 billion, which is almost the second-highest PPG (37.).$6.6 billion).
1. The development history of Nippon
Nippon Paint was founded in 1881 and began to plan to enter the Chinese market as early as the early 90s of the last century"Establish diplomatic relations"。After years of development, Nippon Paint China has established more than 70 production chain bases in China, with about 1 employee10,000 people. It has been the preferred coating brand of China's top 500 real estate development enterprises for 11 consecutive years, covering decorative coatings, architectural coatings, industrial coatings, automotive coatings, marine coatings, kitchen and bathroom substrates, protective coatings, coil coatings, powder coatings and auxiliary materials.
2. Nippon's global layout and influence
Nippon's global layout and influence continue to expand. According to public information, Nippon Paint reached a transaction agreement with Singapore's Wu Denan Group with a total value of about 12.2 billion US dollars in August 2020 and became a subsidiary of Wu Denan Group. This is also the first time that an Asian company outside of Japan has acquired a major Japanese raw materials company. Nippon Paint is also continuing to expand its brand, and last year it made a total of 6 acquisitions, acquiring well-known companies such as Aquasurtech, Germany's GrossperthungMBH, Italy's ICA, and Germany's SiC Holdings, laying the foundation for its further expansion of advantages.
3. Nippon Paint Holdings-Wu Qingliang's wealth and influence
Nippon's actual controller Wu Qingliang is known as"The king of Asian lacquer"He is a local entrepreneur in Chaozhou, China. According to the Forbes 2023 Singapore Rich List, Wu Qingliang ranks fourth with a net worth of US$12.3 billion, making him one of the top-ranked paint entrepreneurs in China.
China's coatings market occupies an important position in the global coatings industry, but the overall competition pattern is relatively fragmented, and the international influence of Chinese enterprises still needs to be improved. As a leading enterprise in China's coating industry, Nippon Paint continues to expand its market share and gradually move towards the international stage by virtue of its strong brand strength and global strategic layout. In the future, with the development of China's construction industry and the increase in demand of the coating market, China's coating companies are expected to achieve better development.
However, Chinese coatings companies still face some challenges. First of all, due to the fierce competition in the industry, improving product quality and technological innovation capabilities is an important issue that Chinese coating companies need to pay attention to. Secondly, environmental protection and sustainable development have become the trend of the global coating industry, and Chinese coating companies need to increase their efforts in R&D and production of environmentally friendly coatings to meet market demand. In addition, the competition in the international market is also very fierce, and Chinese coating companies need to further expand overseas markets, enhance brand awareness and product quality, in order to increase international competitiveness.
In general, China's coatings market has huge development potential, but Chinese companies need to increase technological innovation and quality improvement efforts to further enhance their influence and competitiveness in the global coatings industry.