Coating prices continue to rise Related listed companies are expected to benefit

May 29, 2024, 11:58 AM

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Carpoly Chemical Group will implement a base price increase on October 19, 2023, due to rising costs. Oily colors and color pastes will see a hike of 10 yuan/kg, while furniture paints will rise by 8%. The coatings industry, projected to grow 7% annually, is dominated by small to medium-sized enterprises, with major players expected to benefit.

According to media reports, in order to alleviate the pressure brought by various types of cost increases, the Carpoly Chemical Group will implement the base price of 20111019 from 0:00 on October 19. Compared with the benchmark price of 20,180,408, the oily color and color paste are raised by 10 yuan/kg, and the whole line of furniture paint (deoiling color, color paste) is increased by 8%.

According to the industry, coatings are widely used in construction, transportation, home and other industries. In 2017, the domestic output was 20.36 million tons, and the output value was about 64 billion US dollars. The agency expects the domestic coatings market to maintain an overall growth rate of 7% in the next 3-5 years. The market size is expected to reach 25 million tons in 2020. The domestic coatings industry is highly fragmented, mostly for small and medium-sized enterprises with low output. In 2017, there were 2,057 domestic coatings and above, and CR4 was only 11.4%, far below the international level. In the past two years, local coating products have rapidly increased the penetration rate of the industry with high cost performance, and leading enterprises are expected to increase in volume and price.

Related listed companies:

Three trees: It is the leader of the domestic architectural coatings industry.

Ascott Energy: It is a leading company in domestic architectural coatings and insulation materials.

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