Xin Lang Cai Jing·2026-01-13 11:27Core Viewpoint - The paint industry is not in decline but is undergoing a restructuring, with significant investments indicating future potential [2][9]. Investment Trends - In 2025, the total investment in the paint industry is expected to exceed 47 billion yuan, with new production capacity surpassing 11 million tons [2][9]. - Numerous domestic and international companies, including major players like Nippon Paint, AkzoNobel, and others, are expanding or establishing new facilities [3][10][12]. Company-Specific Developments - Nippon Paint is investing 960 million yuan in a new automotive paint production base in Tianjin, with a capacity of 132,000 tons [10]. - AkzoNobel is expanding its architectural coating capacity in Shanghai and Langfang, adding over 230,000 tons [10]. - Other companies like Jotun, Sanke, and Meijiaxin are also making significant investments in new production facilities [12][13]. Market Dynamics - The paint industry is experiencing a slowdown compared to previous rapid growth, but the overall market remains substantial [6][14]. - The market is facing challenges such as rising raw material costs, shrinking demand in the construction sector, and increased competition [2][7]. Challenges and Opportunities - The pessimism surrounding the industry stems from overcapacity and a decline in demand for construction paints due to real estate market adjustments [7][14]. - Despite these challenges, there are opportunities for companies that adapt to new market conditions and explore applications in emerging industries [14].