World Coatings Industry (below)

The user's practical application shows that this new type of coating integrates heat insulation, water resistance, anti-virus, and anti-corrosion. It has excellent resistance to solar radiation and heat insulation, as well as superior waterproof and antiseptic properties, which not only greatly reduces operating costs, but also meets environmental protection requirements. , And its service life is more than 8 years. This coating has been widely used in more than a dozen countries including Australia, the United States, France, Germany, Kuwait, South Africa and India. China's Xinjiang Taliban Oilfield Tazhong operating area is used for spraying outside the house of life camps and stations inside and outside the pump house, and the indoor temperature in the summer is reduced by 9~12°C before use. The application on the Yangzi Petrochemical Company's spherical tank also received significant cooling and anti-corrosion effects.
3. World Coatings Market Continues to Develop According to the forecast of Freedonia Group of the United States, by the year 2005, the annual growth rate of coating demand in the world will be 3.7%, which will reach 28 million tons. Although the average annual growth rate in Latin America and Eastern Europe will exceed this average, the Asia Pacific market will grow faster. In the Asia-Pacific region, although India, South Korea, and China Taiwan have also experienced rapid growth, China will grow at a faster rate, with an average annual growth rate of 6.6%. Japan's demand growth rate is expected to be lower than the world average growth rate. The average annual growth rate of Eastern Europe's paint market is about 8%, which will have a relatively rapid growth. For example, Poland's per capita paint consumption is 8kg/person, while in Western Europe it is 16kg/person. The average annual growth rate of the paint market in Western Europe, North America and Japan is 2% to 3%. North America and Western Europe will continue to account for more than half of global paint demand.
4. For the past two years, foreign companies have taken over the Chinese market. The world’s top 10 paint companies have all landed in China. ICI, a company famous for its production of lead, mercury and other toxic and hazardous components, has invested 10 years in Pu'ermen Swire Paints (China) Co., Ltd., which claims to surpass Nippon in the Chinese market competition. Be the first. ICI and Nippon’s product sales now account for 30% of the Chinese market. In the middle and high-end products, the two companies control almost half of the market.
Akzo Nobel will accelerate its investment in China and will build a coating resin plant at the Suzhou China Coating Center. The device will produce acrylic acid, alkyd and amino resins and is scheduled to go into production in 2004. The device is the fourth coating resin device from Akzo in Asia. The company also has production facilities in Surabaya, Indonesia, Malaka, Malaysia, and Bangkok, Thailand. The growing market potential will enable localized production in China where it is in an import position. Aksu coating resin sales 419 million euros, most of the production of printing ink resins. The company was stationed in Suzhou in September 2001 to produce automotive surface finishing coatings, powder coatings, and transportation equipment coatings. The company also has a coil coating facility in Suzhou and will start production in 2002.
Nippon Paint will invest 4.1 billion yen to expand the production capacity of Langfang and Suzhou companies by 160,000 tons, Shanghai by 140,000 tons, and Guangzhou by 70,000 tons. All projects will be completed and put into operation in 2005. At that time, China's production capacity will reach 510,000 tons. According to China's "tenth five-year plan" in 2005, China's paint demand forecast of 2.7 million tons, Nippon will account for 19% of the country's market share.
The United States, Canada, Italy, and Germany have all established joint ventures in China or have pre-built large-scale production lines. Coating manufacturers in Taiwan and Hong Kong are also actively planning to participate in the competition. Since 1990, about 16 foreign-invested enterprises have established wholly-owned and joint-venture architectural coatings factories in China, each of which has a production scale of 20,000 to 50,000 tons. In addition to increased investment by Nippon, ICI is also preparing to establish a 50,000-ton production line in the north.

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