The paint industry is expected to see a boom repair
2023/6/20
Yu Sijie, a senior analyst of Oriental Securities, said that China's coating industry is currently "big but not strong", but domestic dragon enterprises are accelerating to catch up.
In terms of industry scale, it is predicted that the market size of architectural coatings will remain above 115 billion yuan during the 14th Five-Year Plan. In terms of product structure, with the continued introduction of environmental protection policies, the proportion of water-based coatings and high-end products will continue to rise in the future. In terms of market structure, domestic enterprises are expected to continue to catch up with the engineering end, while accelerating the layout of waterproofing, insulation panels and other tracks with high similarity.
According to Yu Sijie, after experiencing the downward trend of demand and cost increase in the real estate industry in the first two years, the coating industry is expected to see a boom repair with the implementation of the policy of "guaranteeing the delivery of buildings" and the gradual remission of cost pressure. The future head enterprises will usher in a new round of growth by virtue of strong execution and channel production capacity and other advantages.
"The coating industry should continue to improve the scientific and technological innovation system, enhance the old advantages and cultivate new momentum in the fields of coating application basic theory, new raw materials, advanced equipment and automation technology, coating evaluation technology, etc., and promote the high-end, intellectualization and greening of the coating industry through innovation." Yang Yan, Director of Industrial Information of Ringier Industrial Media, emphasized.
The award ceremony of "2023 Coating Industry - Ringier Technology Innovation Award" was also held at the same time. It is reported that the Ringier Technology Innovation Award for Coatings Industry, organized by Ringier Industrial Media Co., Ltd. has been held for 18 years and has become a focus of the industry and a vane of innovative technology. This year, 31 products such as emulsions, resins, additives and solvents were selected among 71 declared candidates, and products of Xuanwei and Nippon were awarded the 2022 Innovative Coatings Award.
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