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The huge terminal market As a specific service industry, the development of the paint industry is inextricably linked with the downstream and end-user market growth. As a result, the continuous growth of Asia's construction industry, automotive manufacturing, and emerging industries such as iron and steel metallurgy and ship transportation has contributed to the market for coating demand. The constant expansion.
The coating terminal industry and the needs of users are largely constrained by the regional economy. Changes in the large economic environment will inevitably have a huge impact on the paint industry in the region. At present, the increasing disposable income of residents in Asia and the globalization of industries (such as automobile manufacturing and electronics) have provided a solid foundation for the healthy development of Asian coatings. At present, the Asian paint market is accompanied by rapid economic growth in Asia, and the end-user consumption sector has grown significantly, forming a favorable market situation.
In 2006, the Asia-Pacific region’s market accounted for 38% of the world’s paint market, exceeding the Americas, Europe, the Middle East and Africa. Take India as an example. Currently, in India, the paint industry has achieved considerable development, and the industry has undergone professional subdivision. The scale of product applications and markets has been greatly improved compared to before, and both decorative coatings and industrial coatings have become stronger. However, from the point of view of the consumption capacity of the Indian domestic market, compared with other developing countries, the per capita coating consumption is still relatively low, which creates a great deal of space for the future development of the Indian paint market.
The rapid development rate As the global coating market is huge and constantly changing, people have been accustomed to a 1% to 3% growth rate, even zero growth or negative growth, for a long period of time. However, many countries in the Asia Pacific region can achieve double-digit growth rates, which is another major feature of the Asia-Pacific paint market.
Both China and India are very strong in their development and are reversing the pattern of the world paint industry. According to the report of the 11th annual meeting of the Asian Coatings Industry Association held in South Korea in November 2007, the scale of China's paint market was 5.08 million tons in 2006, and the market grew by 18% in 2007. The market is expected to increase by 15% in 2008; India The output value of the paint is 2.4 billion U.S. dollars and the output is 1.5 million tons. The coating industry is growing at an average annual rate of 15%.
In the next few years, India's GDP will grow at a rate of 7% to 10% per year, which provides a broad space for the development of the paint industry. At present, India's 2000 small-scale companies account for 35% of the market share. India supplies itself in the supply of raw materials for the paint industry. Transnational raw material suppliers such as Rohm and Haas, Huntsman, etc., have established factories in India. The future development of India is very optimistic. More multinational companies have come to this market, and at the same time, they have also put pressure on local companies in the country.
The total production of paint in South Korea in 2006 was 920,000 tons, an increase of 8% from 2005. The main growth areas are automotive paints, marine paints and industrial paints. In 2006, Indonesia’s market size was 470,000 tons. The market grew by 15% in 2007 and is expected to increase by 10% in 2008. The Pakistani and Vietnamese markets are also growing at an annual rate of 12%.
In addition, Thailand has a total of 126 paint companies (registrations) with a total output of 400,000 tons per year and an output value of approximately US$600 million. ICI, Nippon, Kansai, PPG, Akesu, Sherwin-Williams and other international coating companies all have manufacturers in Thailand. The Thai paint industry is growing at a rapid rate of 30%. The speed of automotive coatings and motorcycle coatings is the fastest, and there is hope that it will continue.
"Paint Care" in Action The current strong global paint market is driven by consumers' increasing environmental protection. In recent years, the European Union and North America markets are precisely due to the popularization of the concept of environmental protection, which has resulted in a large number of applications of water-based paint products, which in turn has the tendency to replace traditional solvent-based coatings. This kind of power is also driving the current development of the Asia-Pacific paint market, and companies have started to move.
Coating industry standards or regulations in Asia Pacific countries and regions are relatively loose, local paint manufacturers have been accustomed to adopting traditional production processes, and the scale and quantity of environmentally friendly coating products and production plants are very limited. Therefore, manufacturers of environmentally friendly paint products will need a lot of investment in the future.
The market growth of environmentally friendly eco-paint products will be a gradual process. Manufacturers can only quickly occupy this blank market by understanding the functional requirements of consumers for coatings. It can be said that most enterprises in the Asia-Pacific region are standing on the starting line. Whoever starts early and takes the lead in turning to environmental protection and ecological technology will win the final victory of this competition.
It is reported that of the 101 formal members of the Asian Coatings Industry Association in Japan, 50 companies have signed the "Painting Care" program, and 20 members participate in the "Painting Care Annual Meeting" to discuss the promotion and implementation of the "Paint Care" program. Japan's coating VOC (volatile organic compounds) emissions target was reduced to 315,000 tons in 2010. In order to successfully implement the identification and classification of dangerous goods, the Japan Paint Association has prepared the "Guidance Manual for the Identification and Classification of Dangerous Goods," along with a CD-ROM that simplifies the classification of catalog software.
Korean companies also attach great importance to environmental protection. The Korea Paint Association is promoting environmental products by adopting measures such as restricting VOCs, product promotion, and signing voluntary agreements for reducing VOCs with the shipbuilding industry. The VOC emission reduction target for urban areas in South Korea is reduced from 2010 to 52% in 2007. The standards for VOC contained in architectural coatings, vehicle refinishing paints and road marking paints have also been established in 2010.
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Global paint industry re-arranged
At present, the paint market in the Asia-Pacific region is undergoing tremendous changes. Countries such as China and India have jointly pushed the paint market in the region to the top position in the world, and under the efforts of the Asian Coatings Industry Association, the “paint care†plan is being implemented. Change is reshaping the global paint industry. The reporter recently felt that the global paint market was undergoing changes from Rohm and Haas’s press conference held during the “9th International Highway Water Transportation Technology and Equipment Exhibition.â€