Analysis on Output and Enterprise Competition of Powder Coating Industry in China, 2023-2028
Release time:
2022-03-11
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Abstract
China's powder coating industry is a fast-growing industry that has experienced rapid growth and technological innovation in recent years. The development of China's powder coatings industry has benefited from the growth of domestic and foreign market demand and the improvement of environmental awareness, which has promoted the wide application of powder coatings in the fields of construction, automobiles, furniture and electrical appliances. At the same time, the Chinese government's environmental protection policies and industrial policies have also promoted the development of the powder coating industry to a certain extent. However, China's powder coating industry is also facing some challenges, such as overcapacity, fierce market competition, product quality and other issues. Therefore, China's powder coating industry needs to continue to strengthen technological innovation and improve product quality in the development process, while actively responding to market competition and environmental pressure to achieve sustainable development.
With the rapid development of domestic economy and the acceleration of industrialization, the demand for powder coatings is gradually increasing. At the same time, the improvement of environmental awareness and the government's attention to environmental protection have also prompted the powder coating industry to get more attention and support. In the automotive, construction, furniture, electronics and other fields, powder coatings have a wide range of application prospects, and with the continuous progress of technology, product performance is also constantly improving, making powder coatings in the market has greater competitiveness and development space. Therefore, it is foreseeable that China's powder coating industry will continue to maintain steady growth in the future and become a hot area of concern to domestic and foreign investors.
At present, the domestic powder coating industry brands mainly include foreign brands and domestic brands, foreign brand enterprises within the industry are relatively prominent, the number of domestic brand enterprises is more. In 2021, China's powder coatings market concentration is low, CR10 is 16.31,. Among them, foreign brand CR6 is 8.13, domestic brand CR10 is 12.28.
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