Demand growth, the scale will reach $26.5 billion, many chemical companies have entered!

With the establishment of the global economic integration division of labor system and the transfer of automobile manufacturing industry, the scale of automobile in our country develops rapidly and has become an important part of the global automobile industry system. The application demand of automotive coatings market increases with it, and the development space is expected. According to the report data released by Global Market Insights, it is expected that by 2024, the global automotive coatings market will grow to more than $26.5 billion, and the industry maintains a good development trend, attracting many coating enterprises to enter the bureau.

It is reported that on May 8, Yanjin County, Xinxiang City, Henan Province, launched the eighth "three batches" activities with the province and city. In the "signing a batch" activity, Yanjin County and Guangdong Agilent New Material Co., LTD. Environmental protection automotive coating production project signed, the project contract amount of 300 million yuan.

According to the data, Agilent invested in the construction of an annual output of 100,000 tons of high solid environmental protection automotive coating project, the total construction area of the project is 50,000 square meters, the main construction of office buildings, complex buildings, production workshops, etc., the project is scheduled to start completion date of May 2023 - April 2025.

Guangdong Agilent New Materials Co., LTD., a subsidiary of Dabao Chemical, was founded in 2014 and is located in Dalingshan, Dongguan. It is an independent operating company that integrates the research, development, sales and service of professional automotive coatings.

Over the years, Agilent has focused on the research and development of automotive coatings. Relying on the scale and strength of Dabao Group, Agilent has established a long-term good cooperative relationship with major vehicle manufacturers, such as Geely, GAC, BYD, etc. The company is a high-quality supplier of CRC four parties, and has formed a close strategic partnership with the world's top raw material suppliers.