亚太涂料产业复苏向“绿”

Core Insights - The Asia-Pacific paint industry is experiencing a recovery, with a focus on "green" and "sustainable" development as key themes for future growth [2][3] Market Growth Trends - The Asia-Pacific region shows significant growth in the paint industry, with varying trends across countries. Vietnam's paint production is expected to reach 493 million liters in 2024, a year-on-year increase of 8.34% [3] - Malaysia's paint market has a compound annual growth rate (CAGR) of 13.6% since 2018, with an estimated total production of 495 million liters in 2024 [3] - Indonesia's paint market is projected to maintain steady growth, with an expected production of 105,860 tons in 2025, where water-based paints will account for nearly 70% [3] - The Philippines anticipates a growth of 4% to 6% in its paint industry by 2026, driven by protective, marine, and powder coatings [3] Global Market Projections - The global paint market is expected to see a CAGR of 3.0% in volume and 5.8% in sales revenue over the next five years, reaching 56.7 billion liters and $267 billion by 2029 [4] Policy and Demand Drivers - Government infrastructure and renovation projects are significant drivers for the paint industry in the Asia-Pacific region. Singapore's government has allocated SGD 60 million for promoting heat-reflective coatings by 2030 [5] - Indonesia's "3 million housing plan" aims to provide affordable housing for low-income groups, boosting local paint demand [5] - The Philippines' paint industry growth is supported by substantial government infrastructure investments, creating demand for high-performance protective coatings [5] Focus on Sustainability - The paint industry is increasingly emphasizing environmental friendliness. Australia's Paintback recycling program has processed over 56,000 tons of waste paint and packaging since its launch in 2016 [6] - Japan's paint industry is working towards carbon neutrality by 2050, with a focus on reducing CO2 emissions from the paint manufacturing sector, which is approximately 190,000 tons per year [7] - Several countries in the region are moving towards eliminating certain chemical components in paints, with Malaysia banning lead paints in 2020 and Indonesia and Vietnam progressing towards lead-free markets [7]