In the context of globalization, the paint industry, as an important part of many fields such as construction and home decoration, has attracted much attention for its development trend and trend. Today, Mr. Wan Shuibo will be the current situation and future development trend of the paint industry from the perspectives of market sales scale, output, subdivisions, enterprise pattern, policy direction, etc.
The current state of the coatings industry
1. Market sales scale
According to data analysis, between 2016 and 2019, the size of China's coatings market continued to grow, increasing from US$148.2 billion to US$172.8 billion. However, due to the impact of the epidemic, the sales scale of the global coatings market fell to $158 billion in 2020. With the gradual recovery of the global economy, the size of China's coatings market will reach US$171 billion in 2021, a year-on-year increase of 823%。According to preliminary statistics, the global coatings market size will be about $185.5 billion in 2023. Overall, the scale of China's paint market shows a steady growth trend.
2. Output
Since overtaking the United States in 2009, China has become the world's largest paint producer, but in recent years, the paint industry has faced multiple pressures such as supply-side reform, replacing business tax with value-added tax and strengthening environmental protection policies, and small and medium-sized enterprises have struggled. In 2018, the output of coatings fell to 17.6 million tons, and then affected by the epidemic in 2020, the output of enterprises above designated size increased by only 082%。
However, due to the change in statistical caliber, the total output of enterprises in the whole industry reached 38 million tons in 2021, an increase of 13.41 million tons from 2020. However, in 2022, affected by factors such as sluggish real estate sales and repeated epidemics, the output of China's coating industry will decline to 35.72 million tons, a year-on-year decrease of 6%. Overall, the total output of China's coatings industry has shown a fluctuating growth trend, but it is also facing multiple challenges and pressures.
3. Subdivisions.
According to the subdivision of the coating industry, architectural coatings, general industrial paints, protective coatings, powder coatings and wood coatings occupy the major share of China's coatings industry. Among them, architectural coatings accounted for the largest proportion, reaching 52%. According to data from the China Coatings Industry Association, from 2018 to 2021, China's architectural coating output showed a year-on-year upward trend, increasing from 8.9 million tons in 2018 to 14.23 million tons in 2021. However, by 2022, affected by a variety of factors, China's architectural coating output will drop to 10.26 million tons, a decrease of 27.2%.90%。
coatingsEnterprise pattern
Currently, paint manufacturers can be divided into three echelons. The first echelon is foreign companies, including Nippon Paint, AkzoNobel and PPG, which have a comprehensive range of coatings products and have a high share of the Chinese market. The second echelon is China's leading coating enterprises, in recent years, the rapid rise of domestic brands, the gradual increase in market share, especially 3Trees, Oriental Yuhong and other enterprises have relative advantages in some market segments. The third echelon is a large number of small coating enterprises in China, which have a large number of manufacturers that produce low quality and earn meager profits, reflecting the overall status quo of China's coating industry.
Policy Direction
In recent years, the state and relevant industry authorities have attached great importance to the coating industry, and have issued a series of industrial policies that are conducive to the healthy and sustainable development of the industry, such as the "Guiding Opinions on Promoting the High-quality Development of the Petrochemical Industry in the 14th Five-Year Plan", the "14th Five-Year Plan" Comprehensive Work Plan for Energy Conservation and Emission Reduction, and the "Guidelines for the Evaluation of Green Factories in the Coating Industry", etc., as follows:
The future development trend of the coating industry
Mr. Wan Shuibo believes that technological innovation is an important driving force to promote the development of the coating industry. With the progress of science and technology, the coating industry is also constantly upgrading technology and product innovation. For example, today's coatings have developed from simple decorative coatings to functional coatings with various functions such as protection, anti-corrosion, and fire prevention. In addition, intelligence is also an important trend in the future development of the coating industry. Future coatings may have intelligent functions such as sensing and adaptation to meet consumers' needs for personalization and intelligence.
Secondly, the concept of environmental protection is deeply rooted in the hearts of the people, making green and environmentally friendly coatings more and more popular in the market. With the improvement of people's living standards, the requirements for environmental protection and health are getting higher and higher. Therefore, the future coating industry will pay more attention to the environmental performance of products, such as low VOC, pollution-free and other environmental protection characteristics will become an important standard for coating products.
Changes in the market will also affect the development trend of the coatings industry. With the diversification of consumer demand, the product mix of the coatings industry will also change. For example, today's consumers are no longer satisfied with a single color and style, but pay more attention to personalized design. Therefore, the future coating industry will pay more attention to product design and innovation to meet the diversified needs of consumers.
The development of the coating industry has also been affected by the policy. For example, the policy orientation of environmental protection and energy conservation will affect the development direction of the coating industry. Therefore, coating companies need to pay close attention to policy dynamics in order to adjust their development strategies in a timely manner.
The future development trend of the coating industry will be technological innovation, the deepening of environmental protection concepts, the adaptation of market changes and the guidance of policies. These trends will provide new opportunities for the development of the coatings industry, but also bring new challenges. Therefore, Mr. Wan Shuibo emphasized that coating companies need to continuously improve their technical research and development capabilities, improve the environmental performance of products, and meet the needs of the market and consumers to cope with future market competition.