Using big data to speak, new opportunities for the development of the coatings industry in 2019

According to the latest statistics, the global coatings market increased by 4.9% (slightly lower than expected 5.06%) in 2018, reaching US$164.9 billion. The global coatings market is mainly divided into Middle East and Africa (MEA), Latin America (LA), Asia-Pacific, North America, and Europe. Among them, the Asia-Pacific region accounts for approximately While China accounts for about two-thirds of total consumption in the Asia-Pacific region, the prospects are still very impressive.
Strong performance in construction coatings
Research pointed out that architectural coatings performed strongly in 2018, accounting for 55% of the global market share, which was mainly due to the development and promotion of water-based technology. More and more construction projects use paint as the main decorative material. Compared with 10 years ago, the application of current water-based technology in the entire architectural coatings market has increased by more than 50%. In addition, due to the increasing consumer demand for coatings in the automotive manufacturing industry and other general industrial fields, the market value of industrial coatings is expected to reach 83.6 billion U.S. dollars by 2023, with a compound annual growth rate during the period. The rate is about 4.7%.
The coating resin market will continue to grow
According to relevant market research reports, the coating resin market is expected to grow at a compound annual growth rate of 5.1% from 2018 to 2023, from US$29.5 billion in 2018 to US$37.9 billion in 2023. The growth of terminal industries such as construction, packaging, general industry, automobiles, ships, aerospace, and furniture is a key factor driving the growth of the coating resin market.
Powder coatings will become the fastest growing application field in the coating resin market
Powder coating technology is expected to achieve the highest compound annual growth rate in the technical field of the global coating resin market. This technology is mainly used in the manufacturing of automobiles, home appliances, outdoor furniture, and construction industries. The main factor driving this growth is the requirements of regulations and standards, and China occupies the world’s largest coatings market.
Bright prospects for automotive and marine coatings
Despite the strong market demand, the development of coatings in my country is still uneven, and it can be self-sufficient in architectural coatings and furniture coatings, but the higher-end automotive coatings, marine coatings, etc. are basically Rely on imports.
For example, in the context of the continuous expansion of shipbuilding completion in China and the rapid growth of the marine equipment manufacturing industry, the industry’s research and development of new coatings, as well as new marine coatings, heavy anti-corrosion coatingsAnd special coatings and other high-tech products are increasingly in demand, while water-based marine marine anticorrosive coatings save energy and reduce The characteristics of pollution and fire reduction will be the main direction of future development.
In the automotive field, coating applications are more extensive, including varnishes, colored paints, and intermediate coatings, to original spray paints, refinish paints, passenger car coatings, commercial vehicle coatings, and so on. At present, in the world, water-based products are better than solvent-based products in terms of comprehensiveness, and their stability is better than solvent-based paints. The colors are more diverse, and the long-term color stability and Sustainability is better; on the other hand, in terms of construction performance, its biggest advantage is that it reduces energy consumption. Solvent-based paints need to be baked at high temperatures. Water-based products consume less energy and volatilize less, and protect the human body better.
At present, the use and promotion of water-based products have become more extensive, and water-based products have been basically realized in Europe, and there are still challenges in promoting them in China. The first is the issue of unit product cost of water-based paint, but with the improvement of economies of scale, cost control will not become the biggest issue. More challenges come from the construction side, such as the replacement of equipment, the retraining and improvement of spraying skills, and the change of spraying methods. The industry is also in urgent need of upgrading.
The general trend of low-content solvents, water-based and non-solvent
In recent years, China’s coating industry has been committed to the development of low-pollution, high-solids or solvent-free (including powder, light curing) coatings, water-based coatings (High temperature resistant thermal insulation thermal insulation coating and high temperature resistant anticorrosive coating); develop low environmental risk antifouling technology and antifouling coating; develop non-lead and chromium antifouling technology Rust pigments and substitutes; develop clean production processes for titanium dioxide and iron oxide pigments; actively formulate evaluation standards for clean production processes in the coating industry to promote Coating industryThe development of new processes, new materials and new technologies.
In addition, in recent years, new coatings such as glass energy-saving coatings, radiation cooling coatings, sunscreen heat insulation coatings, high-temperature sealing coatings, and high-efficiency anti-fouling solar heat absorption coatings have been developed in recent years. It also brings new development opportunities for the coating industry on the “low-carbon” road.