“十五五”中国涂层材料行业市场全景调研与投资前景展望分析（2025）-中金企信发布

Industry Overview - Coating materials are defined as materials that form a film on the surface of objects under certain conditions, enhancing aesthetics, extending product lifespan, or providing special functions such as insulation, anti-fouling, and heat resistance [2] - The coating materials can be categorized into three main types based on application: architectural coatings, industrial coatings, and other auxiliary materials [2] Current Market Analysis - The coating materials market in China is experiencing steady growth, with the market size increasing from RMB 407.2 billion in 2020 to RMB 463.71 billion in 2024, reflecting a compound annual growth rate (CAGR) of 3.3%. It is projected to reach nearly RMB 500 billion by the end of 2025 [3][5] - The industrial coating materials market, which includes sectors such as automotive, pharmaceuticals, and consumer electronics, is expected to grow from approximately RMB 2,731.2 billion in 2024 to nearly RMB 3,000 billion by 2025, driven by policy support and rising consumer demand [5][8] Industry Chain Structure - The coating materials industry chain consists of upstream raw materials, midstream manufacturing, and downstream application markets. The upstream is primarily composed of four categories: film-forming substances, pigments/fillers, solvents, and additives [8] - Raw materials account for over 80% of the manufacturing costs in coating materials production, with film-forming substances, solvents, additives, and pigments/fillers comprising 44.5%, 21.7%, 20.7%, and 13.1% of raw material costs, respectively [9] Competitive Landscape - The coating materials industry in China is characterized by a "large industry, small enterprises" competitive structure, with foreign brands dominating the high-end market due to technological advantages. Domestic companies are primarily concentrated in the mid-to-low-end sectors, facing challenges in product differentiation [10] - Notable domestic companies include Songyi Co., Donglai Technology, Yatu High-tech, Sanxin Co., Kangmite, and Huigu New Materials [10] Development Trends - Domestic brands are upgrading their technologies and accelerating the import substitution process, particularly in high-end industries such as new energy and display panels, indicating significant market potential for domestic enterprises [11] - The demand for functional coating materials is expanding from traditional sectors to emerging industries like new energy, electronics, and aerospace, necessitating enhanced R&D capabilities and driving the industry towards higher value-added products [12]