The focus of the hottest global coating market shi

2022-08-02
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The focus of the global paint market shifts to the Asia Pacific and the Middle East

the focus of the global paint market shifts to the Asia Pacific and the Middle East

September 28, 2018

paint is an important functional material in the national economy and is widely used in machinery manufacturing, transportation, light industry, chemical industry, construction and other industries. China is the largest paint producer in the world, but the current paint export volume is very small. With the R & D and application of environmentally friendly paint products and the rising demand for paint in emerging economies such as the Middle East, there is a huge space for China's future paint export growth

current situation: the export volume of coatings in China is less than a fraction of the output.

domestic coatings are mainly divided into architectural coatings, powder coatings, automotive coatings, wood coatings, industrial protective coatings, marine coatings, coil coatings, etc., of which architectural coatings account for more than 30% of Chinese coatings

2017, China's paint output reached 20.41 million tons, breaking 20million tons for the first time, with a year-on-year increase of 12.9%; The total export volume was 201000 tons, a year-on-year increase of 7.6%. At present, China is the largest paint producer in the world, with a scale close to one third of the world. However, the direct export volume of coatings in China is very small, which is less than a fraction of the total output. However, the export of coated products is a huge number, such as refrigerators, washing machines and other household appliances, as well as a large number of mechanical equipment

with the recovery of the global economy, the global coating market will achieve a compound annual growth rate of 5.06% from 2017 to 2023. In 2017, the global coating market was US $135.543 billion, and it is expected to exceed the valuation of US $190.167 billion by 2023. China's paint export will have great growth potential in the future

from the perspective of the regional distribution of global coating consumption, the coating market in developed regions such as Europe and North America has become saturated, while the rapid growth of new economies such as developing countries has driven the demand of the coating market, especially the faster growth of the coating market in the Asia Pacific region and the Middle East, which has shifted the focus of the global coating market to the Asia Pacific region and the Middle East

according to the application division, the coating market is divided into industry and construction. Among them, the current market share of the construction sector is relatively large, accounting for 55.1%, with a value of more than US $74.684 billion. It is expected that the construction sector will maintain rapid growth in the next five years

in 2017, industrial applications accounted for 44.9% of the global coating market share, with a value of US $60.859 billion. It is expected to grow at a compound annual growth rate of 4.76%, reaching US $88.285 billion by the end of 2023. Among them, the demand for coatings in the automotive and general industrial fields grew the fastest

trend: environmental protection coatings become the wind outlet

environmental protection coatings include water-based coatings, powder coatings, solvent-free coatings, UV curing coatings and high solid coatings, among which water-based and powder coatings are the mainstream varieties of environmental protection coatings at present

at present, China's coating products are still mainly solvent based coatings, which can not continue the experiment: the reasons for this are: the oil pump does not discharge oil, the oil supply pump is insufficient, or the oil pipe joint has serious oil leakage under heavy load. Another possibility is that the oil viscosity is too low, the price is low, but the quality is poor, the organic content is high, the toxicity and harm are great, and the green environmental protection standard is not up to standard, As a result, it is difficult for the products of domestic coating manufacturers to compete with the high-quality products of foreign manufacturers in the market

in 2017, the average output of solvent-based coatings in developed countries such as Europe and the United States accounted for less than 40%, the United States for less than 30%, Germany for only about 20%, while the domestic solvent-based coatings accounted for 52%, water-based and powder coatings accounted for about 35% and 10% respectively, and environment-friendly coatings such as UV curing and solvent-free accounted for about 3%. The total output of environment-friendly coatings was less than 5%, and the market-oriented mechanism was adopted to operate 0%

since 2006, China has successively promulgated several policies related to the environmental protection coating industry. In 2016, China issued the largest number of relevant policies

in, the number of patents in China's environmental protection coating industry showed a slow upward trend. After the promulgation of a series of relevant policies in 2016, the number of patents in China's environmental protection coating industry increased rapidly to 403, an increase of 69.33% year-on-year. It can be seen that under the pressure of environmental protection policies, China's environmental protection coating industry has stepped up its investment in the research and development of environmental protection products that make China, the number one automobile production country

at present, the profitability of China's coating industry is at a high level. However, with the continuous increase of environmental protection in the future and the continuous enhancement of consumers' awareness of environmental protection, coating manufacturers are bound to increase the research and development of environmentally friendly coatings. China's environmental protection coating industry has great potential in the future

Market: the demand for building coatings in Saudi Arabia has increased.

the Middle East market has become a battlefield for multinational coating enterprises. In the next five years, the coating market in the Middle East will develop at an average annual rate of 4% ~ 5%. Compared with industrial coatings, the market growth prospect of architectural decoration coatings is more optimistic and will become the main coating product in the Middle East

many Middle Eastern countries are making great efforts to develop local tourism. Infrastructure construction will open up new paint markets and promote the growth of demand for architectural coatings, automotive finishes and marine coatings

many chemical and coating companies have turned their attention to the Middle East, including BASF and Bayer in Germany, huntsman in the United States, bester in Sweden and Jotun in Norway. The investment of these multinational enterprises in the Middle East has increased significantly

among the Middle East countries, Saudi Arabia is the most important paint consumer, accounting for 62% of the total paint market in the region; In addition, the UAE accounts for 11%. The main demand area in the Middle East is architectural coatings, accounting for 68% of the total; The second is marine coatings, accounting for 14% of the total. It is estimated that the coating market in the Middle East will reach US $3.5 billion in 2018

in the Middle East, Saudi Arabia is the country with the largest investment in industrial projects. As early as 2008, the Saudi government invested $500billion to build six new industrial towns to get rid of its dependence on oil exports. In 2017, the Saudi government announced that it planned to invest US $500billion to build a smart city named "neom" along the Red Sea coast (neom is the abbreviation of "new future" non mustaqbal in Arabic). It is estimated that the demand for paint in Saudi Arabia is close to 900000 tons, and it is still the largest paint market in the Middle East

the United Arab Emirates has become a hub to stimulate economic growth in the Middle East and strengthen regional ties in the Middle East. The urban development of the United Arab Emirates, especially the fact that Dubai will host the 2020 WorldExpo, makes the demand for architectural coatings in the United Arab Emirates continue to grow. In addition, Dubai has the world's top five ship repair plants, and the consumption of ship coatings is also very considerable

the Middle East has specific requirements for coatings. For example, architectural coatings must be able to withstand long-term high temperature and the impact of desert sandstorms. At the same time, the amount of outdoor industrial wood coatings in the region is reduced due to the coverage of the desert, while the demand for wood coatings for indoor wooden furniture is increasing

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