The supply and demand of cathodic electrophoretic coatings are basically balanced, and the industry development trend is improving.
Cathodic electrophoretic paint, also known as cathodic electrophoretic paint, refers to a paint that uses water-soluble (or water-emulsion) resin as the film-forming base material, utilizes the surface charge characteristics of particles, and is constructed by electrophoresis. According to different structures, cathodic electrophoretic coatings can be divided into UV-curing electrophoretic coatings, self-stratifying cathodic electrophoretic coatings, and corner anti-rust cathodic electrophoretic coatings. Cathodic electrophoretic coatings have the characteristics of energy saving and environmental protection, good reliability, good anti-corrosion performance, high transparency, high utilization rate and good decorative properties. They are widely used in automobiles, home appliances, building materials, machinery and other fields.
The upstream of the cathodic electrophoretic coating industry chain is suppliers of raw materials such as epoxy resin, polyurethane, acrylic acid, organic solvents, and chemical additives; the midstream is cathodic electrophoretic coating manufacturers such as Jinlitai, PPG, Kansai Paint, and BASF; and the downstream is building materials and light industry. , household appliances and other industrial fields, as well as surface anti-corrosion and decorative application fields such as hardware and handicrafts.
From the supply side, epoxy resin and polyurethane are important raw materials for cathode electrophoretic coatings, and their output has shown continued growth in recent years. Domestic epoxy resin production in 2021 will be 1.445 million tons, a year-on-year increase of 6.9%; polyurethane production in 2021 will be approximately 15.568 million tons, a year-on-year increase of 5.5%. Against the background of sufficient supply of raw materials, domestic cathodic electrophoretic coating production has shown a steady growth trend. According to theChina Cathodic Electrophoretic Coatings Industry Market 2022-2026 released by the Industrial Research Center “Supply and Demand Current Situation and Development Trend Forecast Report” shows that its output in 2021 will be 491,000 tons, a year-on-year increase of 1.8%.
From the demand side, the application market of cathodic electrophoretic coatings is relatively wide, among which automobile and home appliance coating are its main application markets. In recent years, my country’s automobile sales have continued to increase. According to data from the China Association of Automobile Manufacturers, domestic automobile sales in 2021 will be 26.275 million units, a year-on-year increase of 3.8%. At the same time, the scale of the domestic home appliance market is also in a rapid expansion trend. According to the “China Home Appliances in 2021” According to data from “Market Report”, the retail scale of my country’s home appliance market will reach 881.1 billion yuan in 2021, a year-on-year increase of 5.7%. Driven by the growth in demand from the application market, the domestic market demand for cathodic electrophoretic coatings in 2021 will be 482,000 tons, a year-on-year increase of 1.6%. Overall, at this stage, the supply and demand of cathodic electrophoretic coatings in my country are basically balanced, and the industry development trend is good.
Industry Analysis personnel said that the domestic cathodic electrophoretic coating industry started in the 1970s. After development in recent years, this field has now Entering a stage of rapid development, the supply of raw materials is sufficient, the application market demand is increasing, the market supply and demand are basically balanced, and the industry development prospects are good. In the future, as the domestic dual-carbon goal continues to be promoted and environmental protection efforts continue to increase, cathodic electrophoretic coatings, as one of the main green and environmentally friendly coatings, will continue to increase in market demand and expand their application fields, and the industry has huge development potential.
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