Paint market is expected to increase by 15% this year

Recently, international oil prices have skyrocketed to a $110 platform, which has brought pressure and opportunities to the downstream chemical industry. On April 8th, Akzo Nobel, the world's largest paint company Akzo Nobel's global board of directors, pointed out in an interview that although the high oil price is an indisputable fact, the paint industry has been able to successfully absorb this part of the cost so far. The market is expected to usher in at least 15% growth this year.

Wei Siqi said that different subdivisions of coatings have different ability to digest costs. For example, some highly competitive sub-sectors may be more difficult in this respect.

Specifically, he pointed out that the competition in the marine marine coatings field is fierce. In addition, the shipbuilding industry itself is experiencing cost pressure due to rising steel prices, and it is difficult to withstand the rise in the price of paint; in addition, China's policy of regulating the real estate market has also led to The shrinking of furniture demand has brought a lot of impact on furniture coatings.

"But overall, most of the sub-sectors are still buoyed by demand, and they are still able to absorb rising costs." Wei Siyi said.

Talking about the recent Japanese earthquakes that have attracted attention from all walks of life, Wei Sijun said that since AkzoNobel’s business in Japan accounts for a small proportion of its total business, earthquakes have caused the company to take into account even the problems arising from the supply of some raw materials. The impact is also small.

"This can be seen from two aspects: First, the availability of raw materials, followed by the price." Wei Siqi pointed out that it is still difficult to determine the global price of raw materials is caused by the earthquake in Japan, so the overall earthquake to the coating The industry has little effect. However, the post-disaster reconstruction in Japan will be a huge project and it is expected to drive a lot of demand.

Akzo Nobel's president of China, Chen Fade, further disclosed to the reporter that the earthquake in Japan did lead to shortage of some raw materials for paints. One of the more representative ones was acrylate.

“At present, most acrylate raw materials can basically find replacements from other markets such as China, but only some of Japan's functional monomers can still be produced.” Chen Hairde said, “Although there are alternatives, companies will be cautious when choosing Because it involves the transformation of various devices, this will be a fairly long process."