China's Coatings Market to Develop Towards High-end.

Apart from protecting the external walls to extend their service life, coatings also bring a better city environment by granting building neat appearance. Thus, coatings have caught the fancy of domestic construction industry since its introduction to China.

In 2019, three of the top five brands owned by domestic companies. Meanwhile, the pick of the top five has increased to 58% this year. Besides, the accelerated urbanization and the renovation of shabby buildings in recent years have prompted the growing demand for coatings, which is expected to reach about 7.3 million tons in 2020 and exceed 8.5 million tons in 2024.

The coatings industry in South China has developed faster than its peers in North China. The development of enterprises in Guangdong Province is accelerating, with better brand effect and higher market share, mainly for the demand in civilian construction.

Recent years, China continues to raise the standards of conservation and environmental protection of construction, putting higher restrictions on the production and export of related products. Therefore, industry experts said that the coatings enterprises should pay more attention to develop environmental-friendly products, pursuing higher independent R&D ability as well as more scientific and technological innovation to enhance their core competence.

As COVID-19 has been put under control in China, nationwide coatings companies have returned or are preparing to return to work. The disruption of normal business operations reshuffled China’s coating industry, along with the elimination of many small enterprises. In the future, the coating industry will up towards branding and diversification, and products with higher antibacterial and health properties will be more popular. To know more industry trend of China’s coatings industry, all you should do is to join us in the 10th Asia-Pacific Floor Fair (CGFF 2020)!

The 10th Asia-Pacific Floor Fair (CGFF 2020)

Date: August 11th-13th, 2020

Venue: China Import & Export Fair Complex

Website: http://www.cgff.net/index.php?lang=en