Analysis of the market scale and competitive landscape of the coatings industry in the Asia-Pacific region in 2021!

The Asia-Pacific region is the main production area of global coatings, and it is also the world's largest market for coatings. Under the covid-19 epidemic in 2020, the sales of automotive coatings, aerospace coatings, marine coatings, container coatings and other coating products have been affected, and sales in almost all major coating producing countries in the Asia-Pacific region have declined. In 2020, coatings sales in the Asia-Pacific region will drop to US$92 billion.

According to network data, in 2020, 30 of the TOP50 companies in the Asia-Pacific region will be Chinese companies (including Hong Kong and Taiwan), accounting for 60%; there are 11 in Japan, accounting for 5 in South Korea, and 2 in India, Thailand and the Philippines. , 1 house and 1 house.

However, from the perspective of corporate sales, although China has 30 companies in the top 50, the total sales of coatings in 2020 is only 8.412 billion US dollars, accounting for 28.94% of the total sales of the top 50 companies. On the contrary, the total sales of 11 Japanese companies in 2020 will reach USD 13.363 billion, accounting for 45.97% of the top 50 companies.

As the two giants in the coatings market in the Asia-Pacific region, the scale of Japanese leading companies far exceeds that of China. In 2020, among the top 50 companies in the Asia-Pacific region, the average sales of Chinese coatings will be US$280 million per house, while the average sales of Japanese companies’ coatings will be as high as US$1.215 billion per house, which is four times that of the top Chinese companies.

And in 2020, four of the top ten coating companies in the Asia-Pacific region will be Japanese companies. Among them, Nippon Paint and Kansai Paint occupy the top two positions. In the field of coatings in the Asia-Pacific region, Japanese leading companies occupy a leading position in the leading market.