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Home > News > Market Flash > The overall development of the coating industry stabilized throughout the year

The overall development of the coating industry stabilized throughout the year

ECHEMI 2020-04-13

Affected by the epidemic in the first half of the year or rebound in the second half of the year

April 9-10, the 2020 China International Coatings Conference hosted by the China Coatings Industry Association was held in the form of a webcast. Participants believed that although the paint industry is currently affected by the epidemic, it is expected to achieve rebound growth in the second half of this year, and the overall situation of the industry will stabilize this year.

 

Li Shousheng, chairman of the China Petroleum and Chemical Industry Federation, said in his speech that from the current development situation of the entire industry, China's petroleum and chemical companies, including paint companies, should fully realize that they must complete the industry's high-quality development goals and tasks in 2020 Very difficult. The paint industry is a team with strong technical innovation ability, market development ability and operation management ability in China's petroleum and chemical industries, and plays an irreplaceable and important role in China's economic structure and high-quality development. Li Shousheng hopes that the paint industry should fully complete the goals of the "13th Five-Year Plan"; the green development of the paint industry should be in the forefront of the world's paint industry in terms of process technology, quality level, and economic benefits; To approve leading companies and enterprise groups with international competitiveness, in the benchmarking of the world's advanced level, comprehensively enhance the status and level of high-quality development of the industry.

 

Sun Lianying, President of the China Coatings Industry Association, said that in 2019 China's coatings industry achieved good results that were hard-earned. The annual output of the coatings industry reached 24.388 million tons, an increase of 2.6% year-on-year; the main business income reached 313.232 billion yuan, a year-on-year decrease of 0.6%; the total profit reached 22.953 billion yuan, an increase of 9.4% year-on-year. Throughout the year, the overall operation was stable, progressed steadily, and progressed steadily. Sun Lianying pointed out that under the background of digital, networked and intelligent integration development, China's coatings industry should cultivate new formats and new models, lay out the industrial development after the epidemic in advance, and further realize green development, integrated development, innovative development, and intelligence The development promotes the industry to move towards green, environmental protection and functionalization.

 

Liu Jie, deputy secretary general of the Coatings Association, predicts that in the face of multi-level challenges, comprehensively considering the impact of the epidemic on the economy and the current status of domestic epidemic control, China's coatings industry is expected to experience a large consumption rebound in the second half of 2020. The development is stable, and the overall main business income and output strive to maintain the same level in 2019.

 

Under the influence of the epidemic, Chen Xianghui, vice president of the Bardford Group, believes that the country ’s “three stable” regulation policies on real estate will not change, and the demand for coatings is expected to shrink slightly. Decline first and then rise. The main battlefield of the coating enterprises is still in the field of engineering and waterproofing. The market competition will be more fierce. The return of payment is the main risk of the coating enterprises in 2020. The operating advantages of the coating enterprises will be more prominent.

 

The development of the coating industry is inseparable from the downstream coating industry, especially the real estate field corresponding to architectural coatings. Zhao Luxing, a researcher at the Policy Research Center of the Ministry of Housing and Urban-Rural Development, said that after the epidemic, the renovation of old urban communities will become one of the important means to protect people's livelihood, stabilize investment and increase domestic demand. According to the preliminary national pilot situation, the proportion of secondary indoor decoration in the renovation of old communities is 20% to 30%, or it will drive the overall market space of coatings to be further improved, which will provide a great deal for the architectural coatings, waterproofing and coating industries Development space.

 

In addition, the participating experts also shared topics such as international market trends, green development of the industry, innovative application directions, and related standard formulation.

 

As a third-party evaluation agency for the green manufacturing system recognized by the Ministry of Industry and Information Technology, the China Coatings Industry Association evaluated two green paint parks in Anhui Mingguang Economic Development Zone and Henan Puyang Industrial Park according to the standard.

 

The live video of this conference attracted more than 1.42 million views, and WeChat live broadcast views exceeded 1 million.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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