China Coatings
CHINACOAT is a major international trading platform for coatings industry manufacturers and suppliers. Its exhibitors and trade visitors come from China and the rest of Asia.
Despite the slowing economy, demand for anti-corrosive coatings is still strong. This is due to customers in the petrochemical, shipping, and construction industries.
Architectural coatings
The China architectural coatings market offers a wide range of opportunities for manufacturers, distributors, and suppliers. The booming construction sector and rapid urbanization in the country are driving the demand for these coatings. Technological advancements have also led to the development of high-performance and environmentally friendly products. Collaborations and partnerships between industry participants are expected to increase in the future, further contributing to the growth of this market.
China’s architectural paint market is unique in that it is primarily driven by contract painters rather than homeowners. Unlike in most other parts of the world, where homeowners may discuss paint options such as flat vs eggshell or eggshell vs gloss, the typical homeowner in China contracts with a painting company who then visits their house to give an estimate and work with them on color selection. Unfortunately, this process does not always result in the best product or the most knowledgeable contractor. Consequently, the quality of the finished product can be severely compromised.
Many international coatings companies have established themselves inside China but their route to market is essentially through the contractors, not the homeowners. While this is a convenient way to access the market, it has created some confusion about what is needed by homeowners. Until the DIY market is strengthened it is unlikely that the Chinese architectural coatings market will become truly successful.
The global architectural coatings market is expected to grow at a CAGR of over 6% during the forecast period. The primary drivers of this growth are rising housing construction activities in emerging economies and growing environmental concerns. However, the increasing cost of raw materials and rising environmental regulations in China are hampering the growth of this market. Nevertheless, the Asia-Pacific architectural coatings market is projected to grow at the fastest pace over the forecast period.
Automotive coatings
The automotive industry is one of the largest sectors for coatings producers. This sector has grown significantly in China as the country has become the largest global automotive production base. However, it is expected that the industry will face a series of challenges in the short term. The market is also changing with the introduction of electric vehicles, which will require different types of coatings. This is a challenge for both car manufacturers and coating producers.
Despite the slow economy, China continues to see robust demand for anti-corrosive coatings. This is because the country’s petrochemical, shipping, construction, and power industries are all demanding higher levels of performance. This demand has led to an increase in the number of anti-corrosive coating facilities in the country.
As a result, the Chinese coatings industry is growing rapidly. The industry’s growth is due to a variety of factors, including the need for better fuel economy and environmental regulations. To meet these demands, coatings companies have been working to develop new technology. These innovations include advanced formulations and innovative application techniques. These technologies will help to reduce energy consumption and improve production efficiency.
Another way to improve production is to use an automated system that can streamline the process. This will allow the paint shop to reduce labor costs and production time. In addition, the system will also help to reduce air pollution. To ensure that these systems are effective, they should be tested in the field. This will make sure that the results are accurate.
CHINACOAT is an international trade show that provides a platform for coatings and ink industry manufacturers and suppliers to connect with professionals from across the world. The event takes place annually and alternates between the cities of Shanghai and Guangzhou in the People’s Republic of China. The event was founded in 1996 and is organized by Sinostar-ITE International Ltd.
Several companies will be showcasing their latest products at the Chinacoat show this year. These include Decorazioni Rivedil, CS Chemical, Buhler, Lawter, KH Neochem, AF Advantech, and OMYAL. These companies will be able to offer a wide range of solutions for the automotive industry, from primers to topcoats.
Industrial coatings
China’s industrial coatings market is growing at a rapid pace. This growth is fueled by increased production and consumption of industrial goods. The market’s growth will also be boosted by the increasing demand for environmentally friendly products. China’s industrial coatings market is divided into three categories: architectural, automotive, and decorative. Each category has different application areas, so it’s important to understand the needs of each segment in order to provide the best solution.
The architecture coatings market in China is the largest in the world. It accounts for more than 50% of global sales and is expected to continue to grow. The main driver of this growth is the increasing emphasis on environmental sustainability and reducing operational costs. This has prompted companies to replace traditional paints with more eco-friendly alternatives.
In addition, the market is being driven by demand for waterborne coatings, which are safer and more sustainable than traditional solvent-based systems. This is especially true in China, where the waterborne market has grown by over 20%. This increase is due to the government’s efforts to promote green manufacturing. In addition, the government is encouraging the use of waterborne paints to reduce air pollution and greenhouse gas emissions.
Despite the current economic slowdown, the coatings industry in China remains an attractive market for both multinational and domestic producers. The biggest risk for coatings manufacturers is a significant slowdown in the economy, which could lead to overcapacity. However, the risk of overcapacity is less severe for coatings manufacturers than for producers of raw materials.
Covid-zero policies and the housing market crisis have impacted the architectural coatings market, leading to decreased production in 2022. However, the market is expected to recover in 2023. In addition to the recovery in the real estate market, the booming economy will support growth for architectural coatings in China.
Axalta’s commitment to the Chinese market is evident by its continued investment in the country. This includes the expansion of its Shanghai waterborne plant and the opening of a refinish training center. It has also established a technical service center in China to help its customers meet the industry’s latest standards. In addition, the company recently launched Ceridust 8330, a non-petroleum, PTFE-free additive that offers superior rub resistance.
Impact coatings
The China Coatings group offers an extensive range of impact coatings, including primers, binders, and top coats. Its products are used in a variety of industrial applications, such as automotive, marine, and commercial building. The company also offers services that are tailored to specific needs. Its team of engineers works with customers to understand their unique requirements and provide the best solutions.
China Coatings also specializes in high-performance coatings for the aerospace industry, where reliability and long-term service life are crucial. Its refinishing systems and equipment are designed to reduce costs and downtime while increasing productivity. Its products are developed and manufactured in the United States and China, and its customers include Airbus, Boeing, Lockheed Martin, GM, and Honda.
Despite the slowdown in the economy, there is still robust demand for anti-corrosive coatings. The China market is led by petrochemical, shipping, and construction industries, and companies need to meet strict environmental standards. To help manufacturers meet these demands, a new facility was opened by Impact Coatings in Shanghai, China. The new facility features a state-of-the-art INLINEOCOATER(tm) machine and a production line that will be capable of coating 1 million fuel cell plates annually.
In July (2023), China’s key government economic body released restrictions on the use of iron oxide pigments and titanium dioxide, which are the main white pigments used in paints and coatings. This will force enterprises to complete technical changes to comply with the limits or phase out their usage.
A comprehensive set of coatings standards is in place in China. Some are compulsory standards, which must be met by all coatings manufacturers and suppliers, while others are voluntary. These standards are regularly reviewed by expert panels and industry bodies.
This year’s CHINACOAT broke records in terms of exhibition scale, number of exhibitors, and trade visitors. According to the show organizer, Sinostar International, trade visitor attendance increased by 11 percent, while domestic visitors rose by more than a third. Many exhibitors and attendees reported a positive experience, with most of those interviewed by Coatings World saying they would attend next year.