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    Home > Chemial News > Paint & Coating News > In the next three years, the market rate of paint will reach 5.7%

    In the next three years, the market rate of paint will reach 5.7%

    Echemi 2019-09-27


    According to relevant statistics, by 2022, the annual composite growth rate of the global paint market will reach 5.7%, and the output value will reach 82.7 billion euros. Against the background of global economic slowdown, the Asia-Pacific region has always been the highlight of the global paint market. The trend leads enterprises to embrace the idea of "oil to water".

    In recent years, the state attaches great importance to environmental protection, various environmental protection policies have been issued continuously, and the paint chemical industry has been vigorously regulated and controlled by policies. Environmental protection inspections are being carried out in an orderly manner throughout the country, and provisions have been issued specifically to restrict/prohibit the production/use of solvent-based coatings. Traditional solvent-based coatings, which pollute the environment and consume too much energy, will face industrial integration, corresponding to the situation that solvent-based coatings are constantly encountering tightening restrictions. Environmental-friendly coatings such as water-based coatings will face the opportunity of rapid development under the pressure of atmospheric control and policy support.

    In this context of development, enterprises have been investing in the embrace of "oil to water". Paint has been mentioned again and again since last year, which shows that it must have great development prospects. With the gradual enhancement of people's awareness of environmental protection and the increasingly stringent national environmental laws and regulations, green development has become the general trend. Coatings enterprises must accelerate the transformation and upgrading, put the "oil-to-water" project on the agenda as soon as possible, and complete the "thirteenth five-year" mission of green environmental protection is the kingdom. With the improvement of people's quality of life, people gradually realize the importance of environmental protection, and environmental protection starts from all aspects. It is an inevitable trend to replace solvent-based coatings with water paint. The reason why water-based paint can replace solvent-based paint is that on the basis of meeting people's basic needs, it constantly develops some new properties, and advances in the direction of environmental protection and energy saving. Water paint is an important paint product, but also a new type of paint. Solvent-based coatings will be replaced by water paint in the future development trend because of their poor environmental protection performance. The reason why water paint can replace the traditional coatings in the past comes from the fact that the materials used in the past have practicability, but long-term use not only damages the health of workers, but also brings serious environmental problems. Water paint is the inevitable requirement of the future society, which is based on meeting people's basic requirements. It can protect the environment to the greatest extent. 

    The environmental protection of paint is that it uses water as solvent to reduce volatilization of volatile organic compounds (VOCs) during construction. According to incomplete statistics, if 50% of enterprises "oil to water" can reduce 440,000 tons of VOCs emissions, equivalent to reducing the VOCs emissions of the entire automotive industry, which includes the original paint and repair paint. In this way, as long as we vigorously promote the use of paint, VOCs for reducing is undoubtedly a major advantage. China is a big paint producer, but it is far from a strong paint country. This is because in developed countries, water paint accounts for 80% to 90% of the proportion of paint application, while China's proportion is far from the same.

    In addition, we can see from the environmental protection reform that this year's environment is bound to carry out environmental protection reform. In terms of ecological environment, consumer demand and national policy, the most basic idea of supply-side reform is to reduce the production capacity of traditional solvent-based coatings and increase the production capacity of modern water paints.

    As China's coatings enter a new historical stage, environmental protection will be the threshold of survival. Market purchasing power is changing from tradition to paint, and will become the main theme of the market in the future. I believe that there will be more paint enterprises in the next 5-10 years, and a large number of paint manufacturers will lead the whole development.

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