Water-based coatings will have a higher and higher share of the Chinese market.

China Coatings Network
News: In the past 10 years, although China's total output of
coatings
increased from 2.98 million tons in 2004 to 13.0335 million tons in 2013, the growth rate has dropped from 23.45 percent to 3.58 percent, and the total output value of the coating industry has increased from 2004. The annual growth rate increased from 26.13 percent to 9.51 percent from 26.13 percent to 34,167.76 million yuan in 2013, and production growth is expected to be difficult to return to double-digit levels in 2014, possibly up from 3.58 percent in 2013. The average price of 262,000 yuan/ton of paint in 2013 was the second highest in the history of the paint industry, only lower than the average price of 286,000 yuan/ton of paint at the time of the 2008 financial crisis was the second highest in the history of the paint industry, and only lower than the abnormal price of 286,000 yuan/ton during the 2008 financial crisis. The data show that the coatings industry has entered an era of micro-growth.
domestic
coatings enterprises
dive development
water-based coatings
is undoubtedly the greatest benefit to the environment, but also can reduce the price of water-based paint products on the market, benefit consumers. However, to replace oily coatings with water-based coatings, not only need to be modified the original coating line, in the production process is also very different, which is bound to produce huge transformation costs. Paint enterprises should step by step, can not rush to success, to avoid immature water-based paint products to the market. Quality upgrades still need to be worked out.
water-based coatings are beginning to be accepted and recognized by more consumers, but for the larger medium- and low-consumption market, is still the world of oily coatings. Data show that the use of water-based coatings in Europe has reached 80%, and since 2004, the European Union has banned the production, sale and use of
paint
. China has become a well-deserved first country in paint production and consumption. However, china's water-based paint use is far behind the United States and Europe. At present, China's water-based paint use rate is less than 10%, Beijing, Shanghai and other developed cities also reached only 30%, the market presents a "hot market in the industry" pattern.
"2015-2020 China's water-based paint industry investment value research report" shows that in the face of increasingly stringent environmental protection policies, whether it is paint raw materials suppliers, or paint manufacturers,
coating equipment
, coating equipment manufacturers, is around water-based coatings and other environmental protection products to accelerate the transformation and development. Some foreign-funded enterprises are also optimistic about China's water-based paint market, have set up water-based paint production base, improve the proportion of water-based paint products. Water-based coatings are in increasing demand in the Chinese market and have become indispensable auxiliary materials for construction, furniture, automotive and other industries. In addition, with the development of China's paint industry is becoming increasingly powerful, the water-based paint market is bound to be driven by the overall upward trend of coatings and get a piece of the pie. In the next 5 years, water-based coatings in China's market share may reach about 60%.