Environmentally Friendly Coatings Represent a Steady Growth in China's Powder Coatings Production

With the development of industry, the problem of environmental pollution has gradually emerged. The long-term smog weather reflects the severity of China's air pollution from one side. The Chinese government attaches great importance to this. In order to effectively control PM2.5, the former Ministry of Environmental Protection has formulated the "Air Pollution Prevention Action Plan" and the "National Ten Articles". The Ministry of Ecology and Environment has also signed the “Responsibility Letter for Air Pollution Prevention and Control Targets” with 31 provinces (autonomous regions and municipalities) to further implement local government environmental protection responsibilities. Article 46 of the Law on the Prevention and Control of Atmospheric Pollution clearly stipulates that industrial coating enterprises should use coatings with low volatile organic content. For industries such as furniture production, home decoration, automobile manufacturing, automobile repair, and home appliance manufacturing, the government strictly requires the use of environmentally friendly coatings. propylene glycol in coating

Therefore, as a representative of environmentally friendly coatings, China's powder coatings have performed well in recent years. The growth rate of China's powder coatings production is basically consistent with the growth rate of national GDP. According to the company's data, there were 3,274 companies engaged in powder coatings related business in China in 2018. In 2011-2017, China's powder coating production increased steadily. In 2017, China's powder coating production reached 1.66 million tons, an increase of 7.10%. According to forward-looking calculations, the output of China's powder coatings in 2018 is about 1.76 million tons.