What is the current situation and prospects of the industrial coatings industry? In recent years, the upgrading of the domestic industrial industry has brought new development opportunities to the industrial coating market, promoting the accelerated iteration and upgrading of industrial coating products and technologies. Key industrial coating construction projects are constantly emerging, and competition among domestic industrial coating industry enterprises is gradually intensifying.
With the overcapacity of mid to low end production capacity, increasingly fierce market competition, and increasing market demand for coatings, graphene industrial anti-corrosion coatings are expected to become the main force in the future high-end anti-corrosion coating market. From the perspective of recent development trends, China is also seeking diversified high-end breakthroughs in coatings, mainly starting from graphene coatings.
Looking at the entire industrial coating market, there are different levels of competition, strong competitors, and key growth points. Therefore, for brands, whoever can integrate first can win the opportunity. After years of industrial structure adjustment and the interaction of multiple variables, the industrial coatings industry in China has begun to show new trends in its development.
According to the "Analysis Report on the Market Development Environment and Investment Trends of China's Industrial Coatings Industry from 2022 to 2027" published by China Research Puhua Industry Research Institute, statistical analysis shows that:
Industrial coatings are varieties with high technological content and added value, representing the technical level of a country's coating industry. Among them, automotive coatings, wind power coatings, nuclear power coatings, aerospace coatings, ship coatings, rail transit equipment coatings, marine engineering equipment coatings, container coatings, 3C coatings, etc. represent the highest technical level of the coating industry.
The paint industry is one of the most important supporting industries in the field of architecture and industry, mainly divided into architectural coatings and industrial coatings. From the perspective of the industrial chain, the upstream of coatings is the raw material market, the midstream is the production and manufacturing of coatings, and the downstream is the product demand market. The upstream mainly consists of four types of raw materials required for coating manufacturing, including resin based film-forming materials, pigments and fillers solvents, and additives. From the perspective of downstream product markets, coatings are mainly used in industries such as architecture, automobiles, ships, furniture, and are supporting products for these industries.
Industrial coatings, as an important supporting material for the national economy, are widely used in fields such as petrochemicals, aircraft, ships, automobiles, machinery, new energy, etc. The global industrial coatings industry is showing an accelerated expansion trend. Industrial coatings have two main functions: one is anti-corrosion, saving construction costs, and facilitating later maintenance; the other is decoration and beautification. Home decoration coatings belong to the category of light industrial coatings. Although people often see the bustling scene of the civilian coatings market, in fact, industrial coatings are the backbone of the coatings industry.
The industrial coating market has always been a must-have for coating companies. Although architectural coatings provide people with a beautiful living environment and mainly undertake the function of living, industrial coatings cover a wider range of aspects, including clothing, food, housing, and transportation. Therefore, industrial coatings have always been the pillar of China's coatings industry. In 2021, the market size of China's coatings industry was 325.739 billion yuan, with the industrial coatings market accounting for approximately 67.11%. In 2021, the industrial coatings market size in China reached 218.603 billion yuan.
As global environmental issues become increasingly prominent, the paint industry, as a member of the chemical industry, is also facing the test of environmental protection issues Environmental protection, energy conservation, and health are the inevitable development directions of coating products. However, industrial coatings, due to their important position in the coating industry and their penetration into the field of daily life, are destined to assume more important environmental responsibilities.
Looking at the current situation in the Chinese industrial coatings market, although we can recognize the enormous potential contained in the market, domestic coating companies are at a relative disadvantage in competition with international coating giants. If Chinese paint companies want to gain greater survival space in future market competition, they must first optimize their own competitiveness, and then have the opportunity to compete with international giants on the same stage. In terms of products, it is necessary to grasp the overall direction of environmental protection, improve the technological content of the products, focus on the mid to high end market and emerging industrial markets, change the traditional concept of winning by quantity, and follow the path of winning by quality.
With the continuous intensification of competition in the industrial coatings industry, mergers and acquisitions integration and capital operations among large enterprises are becoming increasingly frequent. Excellent industrial coatings companies at home and abroad are increasingly paying attention to analyzing and researching the industry market, especially in-depth research on the current market environment and changes in customer demand trends, in order to occupy the market in advance and gain a first mover advantage. Because of this, a large number of excellent brands have rapidly risen and gradually become leaders in the industry.
