A coating is a liquid or solid material used to coat the surface of an object, form a film under certain conditions, and has protection, decoration or other special functions. Since most of the early coatings used vegetable oil as the main raw material, it was also called paint. However, with the development of synthetic resins, vegetable oils have now been mostly or completely replaced, so they are called coatings.
There are many ways to classify paint, which can be classified according to the form, construction method, use and so on. According to the form, the coating can be divided into water-based coating, solvent coating, powder coating, high solid coating and so on. Water-based coating is a kind of coating with water as diluent, which has the advantages of environmental protection and safety. Solvent coatings are coatings with organic solvent as diluent, which have the advantages of fast drying and good adhesion. Powder coating is a kind of coating existing in powder state, with high decorative and functional; High solid paint refers to the paint with high solid content, which has the advantages of low VOC emission and high decoration.
In addition, according to the construction method, the coating can be divided into brush coating, spray coating, roll coating, dip coating, electrophoretic coating and so on. Brush coating is a kind of manual paint, with the advantages of simple operation, simple tools, etc. Spray coating is a kind of coating using spray gun, which has the advantages of high painting efficiency and good decoration. Roller coating is a kind of coating coating using roller, which has the advantages of good coating effect and saving materials. Dip coating is a kind of coating that immerses the workpiece into the coating, which has the advantages of high painting efficiency and good decoration. Electrophoretic coating is a kind of coating using electric field, which has the advantages of high decoration and high durability.
Paint industry chain analysis
From the perspective of the industry chain, the coating industry involves many links. Upstream is the main source of paint raw materials and production equipment. These raw materials mainly include film formers, fillers, solvents and auxiliaries, which are essential ingredients in the manufacture of coatings. The quality of these raw materials directly affects the quality and performance of the coating.
The middle reaches are the manufacturing links of coatings. In this link, enterprises need to go through multiple processes to process raw materials into final paint products. In this process, the technical level and production capacity of the enterprise determine the quality and performance of the coating.
Downstream, the coating products have entered the practical application. They are widely used in construction, automobile, Marine, furniture and other industries to provide supporting protection and decoration services for these industries.
In China, there are a large number of enterprises in the paint industry, some of which are representative enterprises including Sanshu, Oriental Yuhong, Xiangjiang Coatings, Carbaoli, Aschuang, Guangxin Materials, Jinlitai, Donglai Technology, Three Gorges Paint and so on. These enterprises occupy a certain share in the market and have their own brand and customer base.
Upstream raw material preparation enterprises are also an important part of the coating industry. These enterprises include Excalibur Shares, Ananda, Longbai Group, CNNC Titanium White, etc., which focus on the research and development and production of fine chemical materials to provide high-quality raw materials for the coating industry.
Development history of coating industry
In 1949, the founding of New China, there are only 50 paint factories in the country, engaged in paint production of less than 1,000 workers, annual output of less than 10,000 tons. At that time, most of the paint products were low-grade varieties, and China opened the development of the paint industry in New China on this basis.
In the 1970s, China's paint production began to grow steadily, reaching 300,000-500,000 tons. By the 1990s, China's paint production had reached nearly 1 million tons, showing a strong growth momentum.
In the 21st century, China began to pay attention to environmental protection and sustainable development, and vigorously promoted water-based coatings, powder coatings, radiation curable coatings and other low-pollution coatings. These new coatings produce less pollution in the process of production and use, which meets the requirements of green environmental protection.
Today, China has moved from a paint country to a paint power, and the paint industry is also constantly transforming and upgrading. With the increasing attention of the state to environmental protection, green economy has become the main theme of social and economic development. Coatings as one of the main sources of pollution, the national level has issued a series of policies to regulate the industry to environmental protection and energy saving direction.
Environmentally friendly, low VOC volatile coatings are the main development direction of the industry in the future. With the continuous progress of technology and the improvement of environmental awareness, it is believed that China's coating industry will continue to develop in a more green, environmentally friendly and sustainable direction.
Paint industry development status
Data from the Coating Industry Association show that the total output of China's coating industry in 2020 reached 32.759 million tons, while the output in 2022 was 34.88 million tons, which declined compared to 2021. The main reasons for this decline are the cooling property market and the escalating impact of the COVID-19 pandemic. However, preliminary statistics show that the total output of China's coating industry in 2023 reached 36.1 million tons, showing a certain recovery trend.
In terms of the size of the coating market, the main business income of Chinese coating industry enterprises in 2022 was 452.5 billion yuan, down 1.6% year-on-year. However, preliminary statistics show that this figure will reach about 466.1 billion yuan in 2023, showing a certain growth trend.
Looking ahead, it is expected that by 2029, the scale of China's coating industry will exceed 600 billion yuan. From 2024 to 2029, the coatings industry will have a compound annual growth rate of more than 4%, showing the continued growth potential of the coatings industry.
Analysis of competition pattern in coating industry
From the distribution of representative enterprises in the coating industry, these enterprises are mainly concentrated in some specific areas of China. Specifically, they are mainly distributed in provinces and cities such as Shanghai, Zhejiang, Anhui and Shandong in East China, Guangdong in South China, Sichuan and Beijing in Southwest China. This regional distribution shows that the development of the coating industry is closely related to factors such as geographical location, economic conditions and market demand.
In 2022, the main business income of China's coating industry enterprises is about 452.5 billion yuan. This figure shows that although the coatings industry faces some challenges, such as stricter environmental policies and changes in market demand, it has maintained a certain growth momentum on the whole.
In terms of market share, sales vary widely among companies. Among them, the market size of Nippon, PPG, Akzonobel, Three Trees, Sherwin-Williams and Jordan accounted for 5.04%, 2.40%, 2.28%, 1.90%, 1.37% and 1.37%, ranking among the top six in the industry. This shows that these companies have strong competitiveness and brand influence in the coatings market.
Basf's market share also exceeded 1%, indicating that it has a certain share in the coatings market. In general, although there are many brands in the Chinese coatings market, a few large enterprises dominate.
Source: Network
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