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Global market demand forecast. According to the latest research report released by Zion market research, the global water-based coating market scale was US $58.39 billion in 2015 and is expected to reach US $78.24 billion in 2021, with a compound annual growth rate of 5%. According to the latest research report of global market insights, by 2024, the global water-based coating market will exceed US $95 billion. With the increase of infrastructure projects in the Asia Pacific region, the fastest growth rate of water-based coatings in the Asia Pacific region is expected to reach 7.9% from 2015 to 2022. At that time, the Asia Pacific region will replace Europe as the world’s largest water-based coating market.

Due to the increase of infrastructure expenditure and the growth of automobile industry, the market demand of water-based coatings in the United States may exceed US $15.5 billion by the end of 2024. EPA (U.S. Environmental Protection Agency) and OSHA (U.S. Occupational Safety and Health Administration) will minimize VOC content to limit toxicity level, which will promote the increase of product demand.

By 2024, the market scale of water-based coatings in France may exceed US $6.5 billion. Major manufacturing companies invest in technological innovation to develop new products with additional characteristics, which may be conducive to regional growth.

Domestic market demand forecast. It is expected that the domestic coating market will maintain an overall growth rate of 7% in the next 3-5 years. The market scale is expected to exceed 600 billion yuan in 2022, and the coating market has broad prospects. According to the analysis, the apparent demand of water-based coatings in China in 2016 was about 1.9 million tons, accounting for less than 10% of the coating industry. With the expansion of the application scope of water-based coatings, it is predicted that the proportion of water-based coatings in China will reach 20% in five years. By 2022, China’s market demand for waterborne coatings will reach 7.21 million tons.

Analysis of development trend of coating industry. On September 12, 2013, the State Council issued the action plan for the prevention and control of air pollution, which clearly stated to promote the use of water-based coatings. The consumption of coatings in the first and second tier cities is becoming more and more stable, and the rigid demand for coatings in the third and fourth tier cities is huge. Moreover, China’s per capita coating consumption of less than 10kg is still far lower than that of developed countries such as Europe, America and Japan. In the long run, China’s coating market still has a large growth space. On September 13, 2017, the Ministry of environmental protection, the national development and Reform Commission and other departments issued the work plan for the prevention and control of volatile organic compounds pollution in the 13th five year plan. The plan requires that control should be strengthened from the source, raw and auxiliary materials with low (no) VOCs content should be used, efficient treatment facilities should be installed, and waste gas collection should be strengthened. “Oil to water” has become an important development direction of the coating industry in the next few years.

On the whole, coating products will develop towards water-based, powdered and high solid differentiation. Environmental protection coatings such as water-based materials and activated carbon wall materials are an inevitable trend. Therefore, in the face of increasingly stringent environmental protection policies, both coating raw material suppliers, coating manufacturers and coating equipment manufacturers are accelerating the transformation and development of environmental protection products such as water-based coatings, and water-based coatings will usher in great development.

The new material Co., Ltd. focuses on the research and development of waterborne emulsion, colorful emulsion, coating auxiliaries and so on. Our research and development is strong and the product performance is stable and excellent. Our aim is to serve more paint manufacturers and provide users with better and more environmentally friendly coatings raw materials and auxiliaries.