The paint industry is expected to usher in a boom recovery

With the gradual reduction of cost pressure, the coatings industry is expected to usher in a recovery of the economy. This is the information obtained by the reporter at the 2023 China Coating and Ink Summit and Exhibition held in Shanghai recently.

Yu Sijie, a senior analyst of construction and building materials at Orient Securities, analyzed that my country's coatings industry is currently "big but not strong", but domestic dragon companies are speeding up to catch up.

In terms of industry scale, it is predicted that the architectural coatings market will remain above 115 billion yuan during the "14th Five-Year Plan" period. In terms of product structure, with the continuous introduction of environmental protection policies, the proportion of water-based coatings and high-end products will continue to increase in the future. In terms of market structure, domestic-funded enterprises are expected to continue to catch up with the engineering end as the entry point, and at the same time accelerate the layout of waterproof, thermal insulation board and other similar tracks.

Yu Sijie believes that after the decline in demand in the real estate industry and the increase in costs in the past two years, with the implementation of the "guaranteed housing" policy and the gradual reduction of cost pressures, the paint industry is expected to usher in a recovery. In the future, leading companies will usher in a new round of growth by virtue of their strong execution and channel capacity.

"The coatings industry must continue to improve the scientific and technological innovation system, enhance old advantages, cultivate new kinetic energy, and promote high-end coatings industry through innovation in the fields of basic coating application theory, new raw materials, advanced equipment and automation technology, coating evaluation technology, etc. , intelligent, and green.” Yang Yan, industrial information director of Ringier Industrial Media, emphasized.

At the same time as the conference, the "2023 Coatings Industry - Ringier Technology Innovation Award" award ceremony was held. It is reported that the Ringier Technology Innovation Award for the coatings industry, sponsored by Ringier Industrial Media Co., Ltd., has been held for 18 years and has become the focus of the industry and the vane of innovative technology. This year, 31 products, including emulsions, resins, additives and solvents, stood out among the 71 candidates for declaration. The products of Sherwin-Williams and Nippon Paint won the 2023 Innovative Coating Award, and BYK Additives (Shanghai) Co., Ltd. was awarded the "Annual Innovation Team" award. (Chen Hongying)