Status and Development Prospects of China's Coating Industry?

--Foreseeing 2023: "China Powder Coating Industry Panorama 2023" (with Market Size, Competitive Landscape and Development Prospects, etc.)

Major Listed Companies in the Industry: Shanghai Xinyang (300236), Flying Technology (873565), etc.

The core data of this article: China powder coating industry main bidding number scale;China powder coating industry winning scale

Industry Overview

1, powder coating definition and classification

Powder coating is mainly composed of powder coating, powder coating and powder coating, powder coating and powder coating. >Powder coatings are solid powders mixed with resins, curing agents, pigments, fillers, additives, etc. They are coated on the surface of the object to be coated by electrostatic spraying, fluidized bed dipping, etc., and then baked to make them melt and flatten, and then cured to form a film. Because it does not contain any organic solvents, no pollution, high utilization rate, low energy consumption, simple process, powder coating has become a recognized "4E" (high efficiency, energy saving, environmental protection, economic) coatings, coupled with the powder coating itself to give the film layer of high mechanical properties, excellent resistance to chemicals, anticorrosion as well as to reduce the labor intensity of the advantages of the powder coating itself. Therefore, powder coatings since its inception, has been the attention of all countries, become the new favorite of the coatings market.

Based on the different types of resins used in powder coatings, powder coatings can be divided into two categories, one is thermoplastic powder coatings prepared by thermoplastic resins, and the other is thermosetting powder coatings prepared by thermosetting resins. Since thermoplastic powder coatings generally use thermoplastic resins with a large relative molecular mass, this characteristic leads to disadvantages such as toughness of the resin, difficulty in pulverization, high softening temperature, high melting temperature, poor leveling, and poor adhesion, which limits its application. Thermosetting powder coating is the use of thermosetting resin with small relative molecular mass, at a certain temperature, crosslinking reaction with the curing agent to form a macromolecular coating with a net-like structure. Compared with thermoplastic powder coatings, thermosetting powder coatings have good performance, large output and wide range of use. At present, domestic thermosetting powder coatings occupy an absolutely dominant position in the powder coating market.

The subdivided types of powder coatings are shown as follows:

2. Industry Chain Analysis

Powder coatings are mainly solid powders mixed with resins, curing agents, pigments, fillers, additives, etc., which are coated on the surfaces of the objects to be coated by electrostatic spraying, fluidized bed dipping, etc., and then baked to make them melt and level, and solidify into a film. Then it is baked to make it melt and flatten, and then cured to form a film. Powder coating industry chain upstream for raw materials, including resins, pigments, solvents and additives, etc.; midstream that is, powder coating products, according to the type of resin used is divided into thermoplastic powder coating and thermosetting powder coating, thermosetting powder coating in the powder coating market at present occupies an absolutely dominant position; downstream for the application of powder coatings, powder coatings due to the absence of organic solvents, production and construction safety, over the powder coatings can be recycled and reused. Powder coating is widely used in building materials, household appliances, furniture, 3C and automotive and other fields due to the advantages of no organic solvents, safe production and construction, over-sprayed powder can be recycled, easy to automate the coating and excellent film performance.

From the powder coating industry chain participating enterprises, the upstream participating enterprises are mainly the U.S. Dow, Baling Petrochemical, Jiangsu Sanmu Group, Long Bai Group, Yuanli Technology, Wansheng shares, etc.; the midstream powder coating participating enterprises mainly include AkzoNobel, Xuanwei, Lipang and Tiger Coatings, etc.; downstream demand for enterprises mainly include Conch Cement, Midea Group, FAW Group and Ou Pai home furnishing, etc..

Industry development history

China's powder coating industry development began in the 1970s, the former Ministry of Chemical Industry, Coatings Industry Research Institute has developed decorative, anticorrosive, low-temperature curing epoxy resin powder coatings, polyester resin powder coatings, and other products, and in Shenyang, Chengdu, Jiangsu, etc., trial production;. In 1984, China's industrial field, led by the home appliance industry, began to flourish. With the industrialization of powder coating applications continue to expand, the domestic research and production units in addition to investing in the development of new products to meet market demand, began to introduce powder coating from abroad advanced technology and its manufacturing equipment, thus opened the prelude to the introduction of technology and localization of China's powder coating industry; 1990s, Germany Herberts and the Netherlands AkzoNobel entered China, soon became China's largest powder coating manufacturer. The largest powder coating manufacturer; At the same time, the rapid development of powder coating with polyester manufacturers led by Hangzhou Zhongfa, Anhui Excalibur, Zhejiang Tiansong, Guangzhou Optimus Prime, led the development of China's powder coating industry; At the beginning of the 21st century, China's powder coating industry began to develop rapidly; To the end of 2021, there are more than 10,000 manufacturers of powder coating production equipment in the country, the product meets the domestic demand at the same time, but also Widely recognized by the overseas market, the international market share continues to increase.

Industry policy background

In recent years, the coating industry has introduced a number of policies, policies are mainly focused on environmental protection, while the industry's products continue to improve the technical requirements of the intensive introduction of standards and regulations to guide the coatings industry in the direction of ecological and environmental protection development.

From the layout of the powder coating industry development in the provinces and cities of the country, most of the provinces in the "14th Five-Year Plan" energy saving and emission reduction comprehensive work program are proposed to promote the use of low VOC content of coatings, as well as solvent-based industrial coatings to reduce the proportion of the use of 20 percentage points, and so on.

Industry Development Status

2013-2019, China's powder coating production is growing. According to the data of the report released by the Coating and Painting Professional Committee of the Chinese Chemical Society, the output of thermosetting powder coatings in 2019 is 1.92 million tons, an increase of more than 9% over 2018, and the total output of powder coatings is 2.1 million tons, a year-on-year increase of 19.32%. Data from the Coating and Painting Professional Committee shows that the overall output of powder coatings in China in 2020 will be about 2.31 million tons. Foresight according to the current situation of China's powder coating development and development trend in recent years, preliminary statistics get 2021 China's powder coating production can reach 2.53 million tons.

In the national environmental protection and related policies to promote and the industry's active efforts, powder coatings continue to maintain high growth. According to the Chinese Chemical Society Coating and Painting Professional Committee and Interesting Coating Network statistics, the total sales volume of powder coatings in China during 2016-2021 showed a year-on-year incremental trend change, from 1.42 million tons in 2016 to 2.198181 million tons in 2021, and China's powder coating sales volume in 2021 increased by 3.8% year-on-year

Chinese Chemical Society Coating and Painting Professional Committee data show that the market size of China's powder coatings industry in 2010-2019 is gradually higher, the overall in the continuous growth range, but the growth rate fluctuation trend in recent years is more obvious. 2020, China's powder coatings market size of about 40.4 billion yuan. According to the previous Chem

Quest Powder Coating

Research data, the global powder coating market in 2021, the Asia-Pacific region has the largest market share of 58.9%; of which, China's powder coating market size accounts for about 50% of the overall global scale. Foresight combined with the global powder coatings market size in 2021 and China's powder coatings market size share, preliminary statistics get in 2021 China's powder coatings market size of about 42.8 billion yuan.

Industry Competitive Landscape

May 23, 2022, Interesting Coatings released the "2022 Powder Coatings Top 100 Enterprises" data show (based on the 2021 operating data of each enterprise), China's total sales volume of powder coatings in 2021 was about 2,198,100 tons, a slight increase of 3.84%. The top 100 list enterprises still account for about nearly half of the country's market share, is the locomotive pulling the development of the powder coating industry.

Specifically, the top 10 companies on the "Top 100 Powder Coatings Companies 2022" list are AkzoNobel, Aiyue, Huajia, Wan'an, Sangrice, Jingoli, Rui Zhi, and Tiger New Materials.

Industry development prospects and trend forecast

1, industry development trend analysis

Overall, the future of China's powder coating products will be towards out of the low-temperature curing, thin coating, functionalization and other direction of the development, and more downstream to the focus of the user, industry standards, further improvement and industry digital upgrade. Further improve and industry digital upgrading and other directions of comprehensive high-quality development.

2, industry development prospects

Powder coatings with environmental protection, energy saving, high performance and other characteristics, widely used in home appliances, furniture, automobiles, building materials and outdoor facilities, pipelines and other products coating to meet the appearance of the different requirements of weather resistance, corrosion resistance and other properties of the performance of the higher performance, wide range of uses, the market space is larger. It is expected that by 2027, the domestic powder coating industry market size will reach about 64.7 billion yuan.

According to the "14th Five-Year Plan" issued by China Coatings Industry Association (CCOIA), it is expected that during the period of the "14th Five-Year Plan", the overall gross output value of the domestic coatings industry will grow at an average annual rate of about 4%. Combined with the overall growth rate of the coatings market, it is expected that the powder coatings market will be slightly higher than the average level of the coatings market, initially calculated at a compound growth rate of 6%, by 2027 China's powder coatings market size will reach 60.7 billion yuan.

For more research and analysis of this industry, please refer to the China Powder Coatings Industry Development Prospect Forecast and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.