Analysis of Future Development Trend of Coatings Industry

Looking at this year's paint market, the future of China's entire paint industry has the following major trends, and companies of all sizes can also seize opportunities for development:

The paint industry's future development trend forecast 1. Per capita average furniture consumption low paint industry market prospects China's annual average per capita consumption of furniture is still relatively low. According to statistics, Americans spend 236 U.S. dollars per year for furniture, 371 U.S. dollars per capita for furniture, and Japan spends 255 U.S. dollars per year on furniture, while China is only about 12 U.S. dollars. It is only 5% of developed countries in Europe and America.

The development trend of China's paint industry powder coating or into the climate, especially the second and third tier market, the vast majority of rural market share of furniture is even lower. Chinese people really buy less than 4 billion yuan for furniture and sofas, which means that 2/3 of the people have not yet used modern furniture. This brings huge opportunities for the further development of the furniture industry, but also makes the coating industry prospects giant 2, powder coating or into the market trend of the world's environmental protection requirements is a major driving force for the development of powder coatings, as manufacturers are looking to reduce The product VOC approach, so in some areas powder coatings naturally replace liquid coatings. Powder coatings have low VOC content and are easy to remove. Overspray coatings can be recycled and reused. After the application, the coating film basically does not produce pinholes. It is usually easier to apply than liquid coatings, and the formed coating film has good durability. Environmental advantages and technological advantages are the key to the replacement of liquid coatings with powder coatings.

3. Increased competition in the industry. Leading companies began to make brands. The “Environment-friendly Polyurethane Curing Agent Production Process” jointly developed by Guangdong Jiabaoli Chemical Group and South China University of Technology Co., Ltd. successfully passed the technology organized by the China Petroleum and Chemical Industry Association. The results of the appraisal, the experts found that "the project's research results have reached the international advanced level.