Water-based paint industry has a vast market

Nowadays, more and more coatings companies are paying attention to the water-based paint market, investing a lot of manpower and financial resources in the development of water-based technologies, striving to completely replace the position of oil-based paints in the market, so that more consumers can enjoy low-carbon as soon as possible. Green healthy life. Water-based paint refers to paint that uses water as a solvent or as a dispersion medium. Its health, environmental protection, safety, simplicity, and energy-saving features have attracted many paint manufacturers and consumers.

Rapid growth of architectural coatings led to the development of waterborne coatings According to unofficial statistics, China's total coating production in 2010 reached 9.666 million tons, an increase of 22.8% year-on-year; total architectural coatings production was 3.519 million tons, an increase of 23.7% year-on-year. From the data point of view, the development of the Chinese coating market can be described as booming. However, in fact, the Chinese coating market is not always smooth on its development path. Raw material prices have risen, and the “State of the Eight” control of the real estate market and the central bank’s interest rate increase have all been the coating market. The development has set many obstacles. However, in the face of a sunrise industry, even if there are obstacles, it is still possible to foresee the prospects for the architectural coatings market in 2011 that outweigh the risks.

Despite the numerous twists and turns in the development of architectural coatings, the series of rescue policies introduced by the State in 2010 also provided great opportunities for the development of architectural coatings, such as the 23 key projects for the start of the Western Development, with a total investment of 6822. Billion-dollar projects cover railways, highways, airport construction and many other aspects, undoubtedly opening up new market space for paint products. The accelerating pace of urbanization in China and the construction of new industrial zones have all promoted the rapid development of the Chinese paint industry in different aspects. As a branch of the paint industry, water-based coatings will also be driven by this trend and occupy more market share.

Waterborne paint market share may reach 60% in the next 5 years

In 2010, China's total production of paint was 9.666 million tons, and water-based paint production was about 4.16 million tons. Water-based paints in China have achieved remarkable development under the general trend of paint development. In the past two years, affected by the sharp increase in crude oil prices, the price of solvent-based products required for oil-based paints has been on the rise. This has brought tremendous cost pressures to companies. At the same time, with the response to the call for environmental protection in the coatings industry, more and more paint companies have begun to transform and take the path of water-based development, which has played a role in boosting the development of the water-based paint industry in China.

Nowadays, the demand for water-based coatings in the Chinese market is increasing. It has become an indispensable auxiliary material for the construction, furniture, and automotive industries. In addition, with the increasingly powerful development of China's paint industry, the water-based paint market will inevitably be driven by the overall upward trend of the paint and gain a share. In the next five years, the market share of water-based coatings in the Chinese market may reach around 60%.

In addition to the above industries, water-based coatings are also widely used in paper coatings, plastic coatings, glass coatings and so on.

However, at present, many paint companies have increasingly consistent product technology performance, and it is difficult for enterprises to implement differentiated strategies. Many companies have neglected independent technological innovation. However, fortunately, the Chinese paint product market has great potential for development and there is a lot of room for development. Only by grasping technological innovation, can an enterprise keep its leading position in the industry, enhance its competitiveness, and increase its economic efficiency. With China's sustained and rapid economic growth and the massive construction of infrastructure, people's awareness of environmental protection has gradually increased, and coatings will surely be on the path of being healthy, environmentally friendly and water-based, and the water-based paint industry will surely usher in a broader space for development.

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