一是拓展Scopeblue可持续颜料组合，赋能低碳涂料体系。作为氧化铁与氧化铬颜料领域的可靠合作伙 伴，朗盛将展示全新的Scopeblue系列微粉化黄色氧化铁颜料Bayferrox 3910、3910 LV和3920。这些颜料 非常适用于高质量配方，如颜料色浆和高颜料含量的外墙涂料，为可持续产品提供了重要的潜力。 中化新网讯 11月25日，在上海举办的2025中国国际涂料展上，朗盛公司展示了无机颜料与工业杀菌剂 相关创新解决方案，以助力涂料行业迈向更高效、更环保的未来。 此外，朗盛表示，该公司将扎根本地，以技术创新响应市场变化。朗盛持续加强在本地的技术能力建 设。位于上海的亚太应用开发中心(AADC)及其内部建立的微生物实验室，已成为快速响应中国及亚太 地区客户需求、提供本地化产品开发与技术支持的关键平台。 二是构建微生物防护闭环，应对涂料新规与产线卫生挑战。朗盛也将展示涵盖工业杀菌、船舶防污与工 厂卫生的完整解决方案，凸显在微生物管理领域的专业实力。作为朗盛旗下全球知名的杀菌剂品牌， Preventol、Biox、Kathon、Bioban、Rocima和Sea-Nine，为涂料与涂层提供安全且可持续的微生 ...

Core Insights - Lingwei Technology (stock code: 301373) won the "Asian Coatings Industry Technology Pioneer - Frontier Technology Breakthrough Special Award" at the 2025 Asian Coatings Industry Pioneer Awards, recognizing its continuous innovation and technological leadership in the field of environmentally friendly coatings [1] - The POLYCOAT series products, developed by the company, achieve a breakthrough in low VOCs, chromium-free formulations, and high protective performance, addressing application bottlenecks in high-end industrial water-based coatings [1] Group 1 - The POLYCOAT series utilizes self-emulsifying technology and introduces a "resin grinding" technique, significantly simplifying the coating production process [1] - The series is compatible with various specialized curing agents, allowing flexibility to adapt to different corrosive environments and diverse coating needs [1] - POLYCOAT has passed EU RoHS directives and national standards, promoting a low-carbon and environmentally friendly approach throughout production and application [1] Group 2 - The POLYCOAT series has achieved large-scale production and is widely used in key national sectors such as rail transportation, energy storage containers, and petrochemical storage tanks [2] - The products not only match the performance of international counterparts but also offer significant cost advantages and localized service capabilities [2] - Lingwei Technology aims to continue its focus on the research and development of green new materials, enhancing technological breakthroughs and industrial collaboration to support the transformation and upgrading of industrial coatings [2]

Overview of Nuclear Facility Coatings Market - Nuclear facility coatings are specialized organic polymer materials used on steel structures, equipment, and concrete surfaces in nuclear power plants, providing corrosion resistance, radiation protection, decontamination, and extending equipment lifespan [1] - These coatings must meet specific technical requirements for nuclear power plants, such as radiation resistance, aging resistance, and decontamination properties to ensure safe and stable operation in complex environments [1] Market Size and Growth - According to QYResearch, the global nuclear facility coatings market is projected to reach $300 million by 2031, with a compound annual growth rate (CAGR) of 5.25% over the coming years [3] Market Structure and Key Players - The market is dominated by three major players: PPG Industries, Sherwin-Williams, and Akzo Nobel, which together hold approximately 48% of the market share, indicating a high reliance on brand reputation and global technical support [9] - Carboline and Framatome are significant competitors in the second tier, leveraging their specialization in the nuclear energy sector [9] - The certification process for nuclear facility coatings is lengthy and stringent, creating high barriers to entry for new players and protecting the market positions of existing manufacturers [9] Leading Manufacturers - PPG Industries holds an 18% market share, recognized for its advanced coatings like the HI-TEMP 1027 series, which are certified by major nuclear regulatory bodies [12] - Sherwin-Williams, with a 16% market share, offers specialized solutions through brands like Firetex and Aquapon, known for their radiation stability and decontamination properties [13] - Akzo Nobel, holding a 14% market share, provides certified protective systems with excellent radiation resistance and long-lasting corrosion protection [14] Industry Chain Analysis - The global nuclear facility coatings industry chain features high entry barriers, with upstream suppliers providing specialized chemicals and resins, while downstream services cater to global nuclear projects [15] - Major projects utilizing these coatings include the Hinckley Point C nuclear power station in the UK and the Barakah nuclear power plant in the UAE [15] Market Trends - The focus is shifting towards long-lasting protection and adaptability to extreme environments, with new coatings designed for over 60 years of service life [17] - Digital transformation is occurring in coating applications, with IoT sensors and automated spraying robots enhancing quality control and monitoring [18] - Environmentally friendly coatings with low VOCs and no heavy metals are becoming a priority due to stricter nuclear environmental regulations [18] Market Opportunities - The global nuclear power industry is experiencing a revival, with over 30 countries accelerating nuclear power plans, creating stable growth for the coatings market [19] - Upgraded nuclear safety regulations are driving demand for high-performance coatings that meet stringent performance requirements [20] - The construction of nuclear waste management infrastructure is increasing, necessitating reliable coating systems for long-term safety [21] Market Challenges - The certification process for nuclear facility coatings is lengthy and costly, posing significant barriers for new entrants [22] - There is a shortage of specialized technical personnel required for coating application in radiation-controlled areas, limiting market expansion [23] - The long construction cycles of nuclear projects lead to fluctuating demand for coatings, with cost sensitivity increasing among project owners [23]

Investment Rating - The report maintains a "stronger than market" rating for the chemical sector [5]. Core Insights - The merger between AkzoNobel and Sherwin-Williams is expected to create a leading global paint company with annual revenues of $17 billion (approximately 120.9 billion RMB) [3]. - The Ministry of Commerce continues to impose anti-dumping duties on imported propanol from the U.S., with rates ranging from 254.4% to 267.4% [3]. - The domestic tire industry shows strong competitiveness, with scarce growth targets worth attention, including Sailun Tire, Senqilin, General Shares, and Linglong Tire [4]. - The consumer electronics sector is anticipated to gradually recover, benefiting upstream material companies, with recommendations to focus on companies like Dongcai Technology and Stik [4]. - The phosphorous chemical sector is highlighted for its resilience due to supply constraints and increasing demand from the new energy sector, with suggested companies including Yuntianhua and Chuanheng Shares [4]. - The report emphasizes the importance of leading companies in the chemical industry benefiting from economic recovery and demand resurgence, recommending companies like Wanhua Chemical and Hualu Hengsheng [4]. Summary by Sections Market Performance - The Shanghai Composite Index fell by 3.9%, the ChiNext Index by 6.15%, and the CSI 300 by 3.77%, while the CITIC Basic Chemical Index dropped by 8.24% [14]. - The top five performing sub-industries in the chemical sector were rubber additives (1.75%), potassium fertilizer (-1.21%), tires (-2.84%), modified plastics (-4.32%), and membrane materials (-5.19%) [17]. Major Industry Dynamics - The merger between AkzoNobel and Sherwin-Williams is set to create a company with a business scope covering various paint solutions and an expected annual revenue of $17 billion [3]. - The Ministry of Commerce's anti-dumping measures on U.S. propanol will continue, affecting pricing and supply dynamics in the market [3]. Investment Themes - The tire sector is highlighted for its competitive domestic enterprises, with specific companies recommended for investment [4]. - The consumer electronics sector is expected to recover, with upstream material companies poised to benefit [4]. - The phosphorous chemical sector is noted for its tightening supply-demand balance, with several companies recommended for attention [4]. - The report suggests focusing on leading companies in the chemical industry that are likely to benefit from economic recovery and demand resurgence [4].

Core Insights - The Ministry of Ecology and Environment has initiated the process to include another batch of chemical substances in the priority control list to enhance the management of new pollutants and ensure ecological safety and public health [1][2] Group 1: Priority Control Chemical List - The third batch of the priority control chemical list includes 24 types of chemical substances, primarily affecting industries such as petrochemicals, plastics, rubber, pharmaceuticals, textiles, dyes, coatings, pesticides, leather, and electroplating [1] - The previous two batches of the priority control chemical list included a total of 40 types of chemical substances, which encompass hazardous materials like short-chain chlorinated paraffins, formaldehyde, mercury and its compounds, hexavalent chromium compounds, lead compounds, and various carcinogens [1][2] Group 2: Environmental Risk Management - The "New Pollutant Management Action Plan" aims to complete environmental risk screening and assessment for high-concern and high-usage chemical substances by 2025, and to establish a regulatory framework for managing toxic and harmful chemical substances [2][5] - The priority control chemical list focuses on substances that pose significant environmental and health risks, considering factors such as persistence, bioaccumulation, and toxicity to aquatic environments [2][3] Group 3: Implementation and Compliance - Companies are required to provide detailed information on the production and usage of chemicals listed in the priority control list, including quantities, types, and applications, as part of their environmental impact assessments [4] - Facilities involved in the production or storage of priority control chemicals must implement measures to prevent soil and groundwater contamination, including the installation of monitoring devices [4]

Core Viewpoint - Atlanta-based Shapiro Capital Management is the second shareholder in the U.S. company to voice opposition to the deal set to create a paint giant [1] Company Summary - Shapiro Capital Management, based in Atlanta, has expressed opposition to a significant deal in the paint industry [1] - This opposition indicates potential challenges for the deal aimed at forming a larger entity in the paint sector [1] Industry Summary - The deal in question is intended to create a major player in the paint industry, highlighting ongoing consolidation trends within the sector [1] - The dissent from shareholders like Shapiro Capital Management may impact the future dynamics and negotiations surrounding the deal [1]

Company Overview - Megachip Color (SH 603062) announced its second board meeting on November 21, 2025, in Shanghai, where it reviewed the proposal to adjust the internal investment structure of certain fundraising projects [1] - As of the report, Megachip Color has a market capitalization of 4.7 billion yuan [1] Revenue Composition - For the year 2024, Megachip Color's revenue composition is as follows: the paint industry accounts for 99.91%, while other businesses contribute 0.09% [1]

Group 1 - The company has achieved bulk shipments of onshore towers [2] - The offshore wind power coatings are at the forefront of the market, with the offshore blade coatings being recognized [2] - The offshore tower coatings have passed certification from a domestic authority and are currently undergoing NORSOK M501 certification testing [2]

Core Insights - The shipbuilding paint market is experiencing rapid growth, driven by a new cycle in shipbuilding, attracting numerous companies to enter the sector [1][2] - Dongya Technology is shifting its focus to marine anti-fouling coatings, leveraging local resources and opportunities in Quzhou [1] - The company plans to invest approximately 109 million yuan to establish production capacity for high-performance coatings and high-end new materials [1][2] Company Developments - Dongya Technology is collaborating with a research team from Zhejiang University, which has over 20 years of experience in marine anti-fouling coatings, to develop new technologies [2] - The company aims to achieve a production capacity that could generate several billion yuan in revenue by 2029 [2] - In 2024, Dongya Technology expects to have all necessary qualifications and production capabilities, positioning itself to rapidly advance in the market [3] Industry Trends - The Chinese shipbuilding paint market was valued at nearly 10 billion yuan in 2023, with leading brands holding a market share of 95.62% [2] - There is a significant market opportunity as foreign brands currently dominate about 80% of the high-end marine and industrial anti-corrosion paint market in China [2] - Major players in the industry, such as Maijia Xincai, are also focusing on shipbuilding paints as a key growth area, having obtained certifications from multiple classification societies [3]

Core Insights - The ship coating market is experiencing rapid growth driven by a new shipbuilding cycle, attracting numerous companies to enter the sector [1] - Dongya Technology is shifting its focus to marine antifouling coatings, leveraging local resources and opportunities in Quzhou [1][2] - The domestic ship coating market is expected to continue its positive growth trajectory, with local brands gradually entering high-end segments currently dominated by foreign companies [2] Company Developments - Dongya Technology plans to invest 109.03 million yuan to establish a production capacity of 10,000 tons of low VOCs high-performance coatings and 20,000 tons of high-end polymer polyester compounds [1] - The company collaborates with a research team from Zhejiang University, which has over 20 years of experience in marine antifouling coatings, to develop new technologies [2] - By 2029, Dongya Technology anticipates achieving a production value in the tens of billions of yuan [2] Industry Trends - The Chinese ship coating market was valued at nearly 10 billion yuan in 2023, with leading brands holding a market share of 95.62% [2] - The market is expected to maintain a strong growth trend, despite foreign brands currently holding approximately 80% of the high-end marine and industrial heavy-duty anti-corrosion coating market [2] - Industry leader Maijia Xincai has obtained certifications from multiple classification societies and is focusing on ship coatings as a key growth area for the coming years [3]