Industrial Coatings Market Analysis Report Series 1: Marine Coatings

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Industrial Coatings Market Analysis Report Series 1: Marine Coatings

1.

2.

With the prosperity of the shipbuilding industry, the market demand for ship paint is also increasing rapidly.
Due to the different industrial structures of various countries, the proportion of marine paints in coatings varies greatly.
Based on experience and average calculation, a new ship needs to consume 50 tons of paint per 10,000 tons, while repairing an old ship needs 30 tons of paint per 10,000 tons.
After a brief calculation by Huicong.
com, it can be predicted that by 2016, the total demand for marine coatings in my country should reach 1.
44 million tons.

Year (year)	2010	2011	2012	2013	2014	2015	2016 ( forecast)
Shipbuilding paint	35	50	63. 55	65. 15	82. 4	85. 85	90
Ship repair paint	twenty one	30	38. 13	39. 09	49. 44	51. 51	54
Total demand	56	80	101. 68	104. 24	131. 84	137. 36	144

Year (year) 2010 2011 2012 2013 2014 2015 2016 ( forecast) Shipbuilding paint 35 50 63.
55 65.
15 82.
4 85.
85 90 Ship repair paint 21 30 38.
13 39.
09 49.
44 51.
51 54 Total demand 56 80 101.
68 104.
24 131.
84 137.
36 144 Year (year) 2010 2011 2012 2013 2014 2015 2016 ( forecast) Year (year) 2010 2011 2012 2013 2014 2015 2016 ( forecast)
(
Shipbuilding paint 35 50 63.
55 65.
15 82.
4 85.
85 90 Shipbuilding paint 35 50 63.
55 65.
15 82.
4 85.
85 90 Ship repair paint 21 30 38.
13 39.
09 49.
44 51.
51 54 Ship repair paint 21 30 38.
13 39.
09 49.
44 51.
51 54 Total demand 56 80 101.
68 104.
24 131.
84 137.
36 Total demand 56 80 101.
68 104.
24 131.
84 137.
36 144

2010-2016 China's marine coating demand (10,000 tons)

The above data belongs to the conservative statistics of Huicong.
com.
The total demand for marine coatings in China may actually be more than the above data.
It is only for your reference.
If you have any omissions, please correct me.

It can be seen from the chart that the amount of paint used in shipbuilding and ship repair in my country is on the rise.
The amount of paint used in shipbuilding in my country is higher than the amount of paint used in ship repair every year.
Especially in 2012, the amount of paint used in shipbuilding in my country far exceeds the amount of paint used in ship repairs.
The total amount of marine paint is 254,200 tons.
It is important to know that my country's total demand in 2010 was only 560,000 tons.

This phenomenon is reasonable.
First of all, since the 21st century, the world’s largest marine coatings manufacturers have entered China one after another.
This all illustrates the prosperity of my country’s marine coatings industry at that time, attracting foreign investment to accelerate the entry.
The footsteps of the Chinese market, and in 2010, China replaced South Korea as the world's largest shipbuilding country.
By 2015, China's total shipbuilding volume exceeded 12 million deadweight tons.

Secondly, my country’s shipbuilding industry did not start as early as some European and American countries, but it has become the largest shipbuilding country afterwards.
That is to say, we have used less than 20 years to build ships for decades, and the amount of paint used in shipbuilding is obviously It is much more than the amount of paint used to maintain the ship.
The amount of paint used in shipbuilding globally has been in a stage of steady growth, but my country is still in a stage of rapid growth.
This is also like the growth and development of an adolescent teenager and the growth and development of a baby.
Although it is also in the growth stage, the growth rate is different.
.

2010-2016 my country's shipbuilding paint and ship repair paint volume

However, China’s shipbuilding coatings industry is growing at a rate of 10% every year.
It can be analyzed from the chart that although my country’s shipbuilding industry is still in a period of rapid growth, due to the economic winter in 2015, the shipbuilding industry suffered a global economic crisis.
The economic downturn and the further shrinking of ship market demand have slowed down the growth trend of the shipbuilding industry.
On the other hand, there are domestic factors.
Shipbuilding has overcapacity, especially in the low-end capacity, while high-end ships and high-end offshore equipment are in their infancy.
However, the overall growth of the marine coatings industry in 2015 was still 10%.

2010-2016 my country's total demand for marine coatings

From the above figure, it can be clearly seen that my country's marine coatings industry is a miniature of the development of China's coatings.
According to statistics from the China Coatings Industry Association, my country's marine-related coatings account for about 10% of the total coatings market.
The average price of marine coatings ranges from 35,000 to 40,000 yuan per ton, and the total market share exceeds 35 billion yuan.
As the world's largest shipbuilding country, it can be said that the supply and demand of marine coatings is still in a linear development stage, and my country's marine coatings market is still in a state where demand far exceeds supply.

Although the demand for marine coatings market is very gratifying, due to the high requirements of marine coatings for the scientific research and development of coatings companies, some of the coatings companies in my country cannot reach the advanced production level.
Therefore, this market is still occupied by foreign-funded companies in China.
control.
Therefore, my country's marine coating companies still have a long way to go before they can get this big pie.

3.
Investigation of ship coating companies

3.
Investigation of ship coating companies

It can be seen from the above article that the world’s top marine coatings companies have completed the establishment of factories in China and the initial development stage.
A brief introduction to the world’s top ten marine coatings manufacturers are: British IP (International Paint), Kansai Paint, Belgium Sigma Company, Denmark Hempel Company, Japan Nippon Marine Coatings, British ICI Company, Norway Jotun Company, Dutch Akzo Nobel Company, these top ten coatings companies occupy most of the market share of my country's marine coatings market, and also control the marine coatings market.
Core technologies.

Professional market segment in China's coatings industry-marine coatings

Jordan Paint (China) Co. , Ltd.

Shanghai International Paint Co. , Ltd.

Haihong Old Man Paint (China) Co. , Ltd.

Zhongtu Chemical (Shanghai) Co. , Ltd.

Pompeije Management (Shanghai) Co. , Ltd.

King Kong Chemical (KCC) China

Kansai Paint (China) Investment Co. , Ltd.

Xiamen Shuangrui Marine Coating Co. , Ltd.

Zhejiang Feijing Paint Industry Co. , Ltd.

Zhejiang Yutong New Material Co. , Ltd.

Professional market segment of the Chinese coatings industry——Marine Coatings Jotun Paint (China) Co.
, Ltd.
Shanghai International Paint Co.
, Ltd.
Haihong Old Man Coatings (China) Co.
, Ltd.
China Coating Chemicals (Shanghai) Co.
, Ltd.
Pompeije Management (Shanghai) Co.
, Ltd.
King Kong Chemicals (KCC) China Kansai Paint (China) Investment Co.
, Ltd.
Xiamen Shuangrui Marine Coating Co.
, Ltd.
Zhejiang Feijing Paint Co.
, Ltd.
Zhejiang Yutong New Material Co.
, Ltd.
Specialized market segment in China's coatings industry-marine coatings Specialized in Chinese coatings industry Market Segmentation——Marine Paint Jotun Paint (China) Co.
, Ltd.
Jotun Paint (China) Co.
, Ltd.
Shanghai International Paint Co.
, Ltd.
Shanghai International Paint Co.
, Ltd.
Haihong Old Man Paint (China) Co.
, Ltd.
Haihong Old Man Paint (China) Co.
, Ltd.
Company Zhongtu Chemical (Shanghai) Co.
, Ltd.
Zhongtu Chemical (Shanghai) Co.
, Ltd.
Pompeije Management (Shanghai) Co.
, Ltd.
Pompeije Management (Shanghai) Co.
, Ltd.
King Kong Chemical (KCC) China King Kong Chemical (KCC) China Kansai Paint (China) Investment Co.
, Ltd.
Kansai Paint (China) Investment Co.
, Ltd.
Xiamen Shuangrui Marine Coating Co.
, Ltd.
Xiamen Shuangrui Marine Coating Co.
, Ltd.
Zhejiang Feijing Paint Co.
, Ltd.
Zhejiang Feijing Paint Co.
, Ltd.
Zhejiang Yutong New Material Co.
, Ltd.
Zhejiang Yutong New Materials Co.
, Ltd.

As a long-established manufacturer of marine coatings, the Norwegian Jotun Group entered China as early as the 1980s.
In 2005, it joined forces with COSCO International Holdings to establish COSCO Jotun, which is mainly engaged in the marine paint business.
According to data, COSCO Jotun Coatings The company's 2015 net profit reached 215 million Hong Kong dollars, a sharp increase of 66% year-on-year.
The company's total annual marine coating sales reached 83.
436 million liters (approximately 112,600 tons), a year-on-year increase of 31%, of which the sales volume of newbuilding coatings was 62.
894 million liters, a year-on-year increase of 31%; the sales volume of maintenance coatings was 20,545,600 liters , An increase of 28% year-on-year.

Due to business development in 2004, Jordan Group established Jordan Paint (Zhangjiagang) Co.
, Ltd.
in Zhangjiagang.
Currently, it has two factories in China, one is COSCO Jotun Marine Coatings (Guangzhou) Co.
, Ltd.
in Guangzhou, and the other is Jotun Coatings (Zhangjiagang) Co.
, Ltd.
, which is wholly-owned by Jotun and located in Zhangjiagang City.

Kansai Paint has a number of joint ventures in China and also has wholly-owned subsidiaries.
In January 1992, COSCO Kansai Paint Chemical (Tianjin) Co.
, Ltd.
was established as a joint venture; in March 1994, Shenyang Kansai Paint Co.
, Ltd.
was established as a joint venture; Tianjin Dengta Kansai Paint Chemical Co.
, Ltd.
was established as a joint venture in December 1994; February 1995 In September, Chongqing Kansai Paint Co.
, Ltd.
was established as a joint venture; in February 1995, Hunan Xiangjiang Kansai Paint Co.
, Ltd.
was established as a joint venture; in April 2010, Kansai Paint (Shenyang) Co.
, Ltd.
was merged into a subsidiary; in September 2010, Established Kansai Paint (China) Investment Co.
, Ltd.

Kansai Paint also owns Tianjin Yongfu Kansai Paint Chemical Co.
, Ltd.
, Guangzhou Kansai Paint Co.
, Ltd.
, Suzhou Kansai Paint Co.
, Ltd.
, Chongqing Alisco Kansai Paint Co.
, Ltd.
, Shanghai Customs West Paint Chemical Co.
, Ltd.
, Kansai Paint Trading (Shanghai) Co.
, Ltd.
, Poyang Kansai Paint Chemical Co.
, Ltd.
, Zhaoqing Kansai Shenglian Powder Coating Technology Co.
, Ltd.
and other joint ventures or wholly-owned subsidiaries.

In 2005, Kansai Paint and COSCO International Holdings established COSCO Kansai Paint Chemical Co.
, Ltd.
In 2011, Kansai Paint established Asia's largest anti-corrosion coating production and R&D base in Chongqing Changshou, China, and brought the world's leading anti-corrosion coating technology to China for the first time.
According to the 2015 financial report, Kansai Paint's sales reached 370 billion yen, an increase of 6% year-on-year, and the net profit will reach 25 billion yen, a record high, an increase of 22% year-on-year.

Fourth, the development direction of marine coating products

Fourth, the development direction of marine coating products

Ship primer is the most important variety in the entire ship paint.
Because the natural corrosion amount of steel in seawater is 0.
1mm/year, it is attached to the outside of the bottom of the ship.
The reduced sailing speed caused by the breeding of marine animals and plants causes the increase in fuel costs and cleaning costs.
Therefore, the bottom of the ship is required to have excellent seawater resistance and an excellent antifouling coating system.

Antifouling paint is made of antifouling agents such as cuprous oxide in the paint film that slowly melt in the sea water within a certain period of time to prevent the adhesion of organisms.
The key technology should be the choice of antifouling agent, the dissolution rate of antifouling agent, etc.
Currently commonly used are divided into insoluble type and polished type (dissolved type).
In recent years, with the gradual increase of human awareness of environmental protection, the research and application of Wuxi antifouling coatings have begun.

Corrosion caused by alternating wet and dry action, damage caused by wave impact, and aging caused by ultraviolet radiation.
The coating film on the waterline, outer chord and deck shall have good seawater corrosion resistance, excellent physical and mechanical properties, wear resistance, impact resistance and excellent weatherability.

The overall product development of marine coatings is not requiring strict surface treatment, so that it will be more convenient to repair ships in the future, and due to the characteristics of special repairs and frequent maintenance of marine coatings, strict base surfaces are not required.
Treatment is necessary.

Secondly, the amount of paint used by each ship is increasing, which is helpful to prevent the leakage of the carrying material from polluting the environment, and is also very helpful to safety and health.
Generally speaking, marine coatings are developing towards multiple levels and diversification.

Five, several major trends in the development of the marine coating industry

Five, several major trends in the development of the marine coating industry

As discussed above, the marine coatings industry is still developing at a high speed.
However, because marine coatings is a field with a higher threshold, competition and development will help increase the barriers to entry, standardize the market, and optimize resources.

The marine coating industry now urgently needs to strengthen management of coating construction to ensure the reliability of coatings after coating.
In an open market economy environment, all enterprises face fierce market competition.
In the final analysis, all competition is talent competition and management level competition.
However, the current quality of coating technical services and management personnel is even more incompatible with the requirements of competition, and the long-term planned economic model has led to the division of coatings and coatings.
Since the reform and development, anti-corrosion coating companies are mainly private enterprises in Tianjin, Jiangsu, Henan and other places.
Although their construction management level and personnel quality have made great progress in the past ten years, they lack systematic training and it is difficult to guarantee High-end market demand.
The development of my country's shipbuilding and heavy anti-corrosion industry requires a large number of high-quality project managers, technical representatives and construction personnel who meet the technical requirements.

Secondly, the refinish paint in the marine coating industry also occupies a considerable market share, so standardizing the refinishing process is also indispensable in the development of marine coatings.

At present, there is still a big gap between my country's ship coating technology and foreign countries, which is prominently reflected in the long coating cycle, low efficiency, and high cost.
The main reasons are as follows: the depth of ship coating production design is not enough, and the concept of shell and outfitting integration is not strong; the mechanization and automation of ship coating technology and equipment are not high, resulting in high standards for rust removal and coating.
The problem is more serious; the quality of pretreatment and the performance of the primer in the workshop need to be improved; the ship production management is in urgent need of strengthening, and the problem of multiple coatings due to damage to the coating film caused by other types of construction is very serious.

As early as 13th, 2013, four ministries including the Ministry of Transport, the Ministry of Finance, the Development and Reform Commission, and the Ministry of Industry and Information Technology issued the "Old Ships and Single Hull Oil Tankers Early Retirement Implementation Plan" policy, and its implementation period will be extended to December 2017 31st.
This means that aviation companies are accelerating the pace of decommissioning old ships and ordering a batch of new energy-saving and efficient ship types, which is undoubtedly great for the development of ship coatings.

Conclusion: At present, most of the domestic marine coatings market is still controlled by foreign companies, such as Jotun Paint, International Paint, Kansai Paint, PPG Paint and other large multinational companies; while local companies only occupy a small share, such as Shanghai Hua Well-known local paint companies such as Yi Jinghua, Xiangjiang Paint, and Jiangsu Jinling.
But generally speaking, the rise of local marine coatings companies requires more time to accumulate (source: HC.
com) (for more information, please log in: global coatings website http:// style="vertical-align: inherit;"> )

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