China Solvent Borne Coatings Market Overview, 2028

China's solvent-borne coating market is a vibrant, rapidly developing sector that is essential to the expansion of the economy there. Solvent-borne coatings are widely used in many industries, including those related to furniture, building, automotive, and other fields. China is one of the world's leading producers and consumers of coatings, and it has a sizable industry that is strongly driven by the need for coatings that are high-performing, long-lasting, and environmentally friendly. The growth of the solvent-borne coating market in China can be attributed to several factors. Firstly, the country's robust industrialization and urbanisation drive have fueled the demand for coatings, particularly in the construction and infrastructure sectors. As China continues to witness extensive infrastructural development, the need for coatings that offer superior protection against corrosion, weathering, and chemical degradation has surged significantly. According to the research report "China Solvent Borne Coating Market Overview, 2028," published by Bonafide Research, The China Solvent Borne Coating market was valued at above USD 10.24 Billion in 2022.The solvent-borne coating market in China represents a lucrative and competitive landscape that is driven by factors such as industrialization, infrastructure development, environmental regulations, and the burgeoning automotive sector. With a diverse range of applications and a focus on sustainability, the market offers immense opportunities for both domestic and international players willing to innovate and cater to the evolving needs of the Chinese market. China's Belt and Road Initiative (BRI) has had a positive impact on the solvent-borne coating market. The initiative aims to enhance infrastructure connectivity across Asia, Europe, and Africa, leading to increased demand for coatings for large-scale construction projects such as roads, bridges, and buildings.

The competitive landscape of the solvent-borne coating market in China is characterised by the presence of both domestic and international players. Domestic manufacturers are leveraging their extensive distribution networks and cost-effective production capabilities to capture a significant market share. On the other hand, multinational companies are tapping into the vast potential of the Chinese market by introducing innovative products and technologies. Some of the prominent companies operating in this market include AkzoNobel N.V., PPG Industries Inc., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Sherwin-Williams Company, Axalta Coating Systems Ltd., BASF SE, Hempel A/S, Jotun Group, and Guangdong Carpoly Chemical Group Co., Ltd. These companies leverage their extensive research and development capabilities, global presence, and wide product portfolios to cater to the diverse needs of the Chinese market while also focusing on sustainability and compliance with environmental regulations. In addition, China's automotive industry has experienced exponential growth, further propelling the demand for solvent-borne coatings. With a rising middle-class population and increasing disposable incomes, there has been an upsurge in vehicle ownership, necessitating advanced coatings for automotive components and bodywork. The Chinese automotive coating market, fueled by technological advancements and changing consumer preferences, has witnessed a surge in demand for solvent-borne coatings that offer superior durability, weather resistance, and aesthetic appeal. The paint and coating market in China utilises a wide range of resin types to cater to diverse application needs. Acrylic resins are used for their excellent weather resistance, colour retention, and durability, while alkyd resins are used for their adhesion and gloss. Epoxy resins are valued for their superior chemical and corrosion resistance, while polyester resins offer high flexibility and hardness. Polyurethane resins are favoured for their exceptional durability, abrasion resistance, and weatherability, while fluoropolymer resins provide excellent resistance to chemicals, UV radiation, and weathering. Vinyl resins are used in various coatings, including automotive, industrial, and architectural, for their good adhesion and cost-effectiveness. The solvent-borne coating market in China is subject to government regulations aimed at ensuring environmental sustainability and product quality. The Ministry of Ecology and Environment (MEE) is the primary regulatory body responsible for setting and enforcing environmental standards related to coating production and usage. The MEE mandates the control of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) emitted by coatings through the implementation of emission limits and monitoring systems. In addition, the China National Coatings Industry Association (CNCIA) plays a crucial role in promoting industry development and establishing standards for solvent-borne coatings. The CNCIA provides technical support, organises industry events, and facilitates collaboration among industry players. Moreover, certifications such as the China Environmental Labelling Certification and the China Compulsory Certification (CCC) ensure compliance with environmental and safety requirements, guaranteeing the quality and performance of solvent-borne coatings in the Chinese market.

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Manmayi Raval

Research Consultant

Considered in this report: • Geography: China • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • China Solvent Borne Coatings Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Application Type: • Architectural • Industrial

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By Resin Type: • Acrylic • Alkyd • Epoxy • Polyester • Polyurethane • Fluoropolymers • Vinyl • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. We have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solvent borne coatings industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.