Report on the development of the hottest Asian coa

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Asian paint market development report

Asian paint market development report

August 21, 2018

[China paint information]

in recent years, the Asian paint market has undergone some changes. China's economic growth has slowed down slightly, the implementation of environmental protection regulations has increased, and the economic growth of India, Indonesia and other countries has begun to exceed China's historical growth rate. Will these trends continue into the second half of 2018 or even later? The answer is yes. Orr & boss predicts that many trends affecting the paint and coating market in Asia will continue to slow down with growth, stricter environmental regulations will continue to take effect, and countries such as India and Indonesia will continue to grow strongly. The rest of this article provides our views on the Asian paint market

Global and Asian paint markets

before discussing the Asian paint and paint market, let's first summarize the global paint and paint market. Orr & boss estimated that this highly cost-effective advanced technology effectively combines the barrier, printability, heat sealing and impact resistance and other properties. In 2017, the global paint market was 147 billion US dollars and 41.8 billion liters. From 2016 to 2017, the global market value increased by 5.2%, and the sales volume increased by 4.3%. The largest and most dynamic region in the global coating industry is the Asia Pacific region. Orr & boss estimates that the market size of paint and coatings in the Asia Pacific region is US $66billion and 22.2 billion liters. In 2017, the market value of Asia Pacific coatings increased by 6.5%, and the sales volume increased by 5.9%. The figure below summarizes the global paint market value in 2016 and 2017 by region

Asia Pacific coating market segment

the largest part of the Asia Pacific coating market is decorative coatings, general industrial coatings (GI), industrial maintenance and protective coatings (IM & PC), powder coatings and wood coatings. These five parts together account for 80% of the value and 88% of the trading volume. The cross-sectional area of this place has decreased sharply

market growth

it is expected that the Asia Pacific region will still be the fastest growing region in the global coating market. However, China's economic growth is expected to decline slightly over recent years. The factors that have the greatest impact on the growth of the Asia Pacific coating market are GDP, construction activities, automobile manufacturing and industrial production. All these are expected to maintain growth, but the growth rate is not high. The main reason for the decline in growth expectations is that China's economic growth is expected to slow down gradually. From 2012 to 2017, China's gross domestic product (GDP) grew at an average annual rate of 7.3%. Looking ahead, China's GDP is expected to grow at an annual rate of 6.15% from. It is still growing at a strong rate, but it is not as strong as it has been growing. India is expected to become the fastest-growing economy in Asia, and its GDP growth will rise from 6.9% in 2012-2017 to 7.9% in 2017-2022. The relatively rapid growth of GDP is expected to make India a rapidly growing coating market in Asia. The pattern of construction, automobile and industrial production is similar to that of GDP: China still shows high growth, but it is not as high as we are used to, and India's growth is growing

countries in the paint market

the largest paint market in Asia is China, India, Japan and South Korea. These four paint markets account for 85% of the market share. In 2016, India surpassed Japan to become the second largest coating market in Asia. We expect that the gap between India and Japan will continue to widen in the coming years

although it has been on stage for less than two years, there are many main trends affecting the Asian coating market. The first one has been discussed above. We expect growth to remain strong, but not as strong as in previous years. We predict that from, the sales volume will increase at an annual rate of 4.8% and the value will increase at an annual rate of 5.8%

in China's paint market, the biggest influence factor is the increase of environmental protection regulations. China has implemented stricter environmental protection standards for paint manufacturers, including the VOC content of the left back pressure drop of the paint and the emissions generated by the paint factory. Environmental standards in big cities such as Beijing and Shanghai are usually stricter than national standards. Another factor affecting China's paint market is that the Chinese government is targeting some very positive targets in the electric vehicle (EV) market. The target of electric vehicles is to reach 10% in 2019 and 12% in 2020. Whether China can achieve these goals remains to be seen, but the electric vehicle market will certainly grow in China. With the development of electric vehicle industry in China and the attempt of automobile manufacturers to lightweight vehicles, new materials will appear in the Chinese automobile market. This will increase the demand for plastic substrate coating in the automotive market

outside China, coating companies can take advantage of several interesting trends. In Japan, the overall paint market is expected to remain stable, but the construction industry may experience growth related to the 2020 Tokyo Olympic Games, from which paint manufacturers can benefit. Indonesian paint market is one of the fastest growing markets in Southeast Asia, and it is expected to grow at a rate of 6.5% in the next few years. As the Indonesian government plans to increase passenger ships and water taxis to serve a large number of Indonesian islands, the part where Indonesia may grow faster than the overall speed is the marine coating part


we expect that the Asian coating market will remain a strong market in the next few years. However, as the Chinese paint market continues to mature, we expect growth to continue to decline. In addition, the increase of environmental protection regulations outside China and Asia is expected to continue to be a factor affecting the market; It is expected that VOC regulations and paint factory emissions will be strictly implemented in the next few years. Outside China, we expect India's paint and coating market to maintain a strong growth rate and maintain the fastest-growing economy in Asia

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