The hottest global coating industry gathered toget

2022-08-05
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The global coating industry gathered at a gathering on March 5, 2019 senior managers from the global coating industry met at the Paris coating summit to discuss the market opportunities, strategies and future prospects of the industry

115 senior managers from 21 countries once again accepted the invitation of the world coatings Commission (former IPPIC) and vincentz network to participate in the coatings summit held in Paris from January 30 to February 1, 2019. The outstanding speakers at the summit used the motto of the event - "shaping the future of a dynamic industry" - to address many themes, such as global growth strategies and perspectives, specific markets and how to overcome special challenges

global growth strategies and perspectives

in his speech, Charles shaver, chairman of axalta coating systems, emphasized a series of aspects that are very important for future growth scenarios. Millennials will play an important role as customers. He said that they will quickly become the main consumer group in the market, and they have special requirements. They tend to change their tastes quickly and find trends quickly. According to shaver, the rapidly changing taste and trend discovery pursued by millennials will force paint and coating manufacturers to design more refined. Li Yongwu analyzed the current situation of China's plastic industry and simplified the discoloration process to obtain faster formula approval and improve the overall production speed. "This generation values and expects manufacturers to assume a higher level of social and environmental responsibility," he said

what will the future look like

shaver believes that private equity will continue to be a part of the industry, even though these investors are often opportunistic rather than strategic goals. He pointed out that the industry was ready for further M & A activities. "The global coating industry is still highly fragmented, but we dominate among the nine major international companies," he added. By 2021, Asia will account for 60% of global coating production - China alone will account for 37%. This means that the Asia Pacific region will continue to lead the international coating business

focus on China

Thierry van lac, CEO of AkzoNobel in the Netherlands, pays attention to China from a global perspective. His company is very active there. From the beginning, he pointed out that despite the slowdown in economic growth, China's growth rate is very high compared with other countries and regions. In recent years, the overall retail sales of consumer goods may remain unchanged, but it has maintained a single digit growth since 2018. The main challenges facing China's economy identified by Van lac are the slowdown of the real estate foam, trade disputes with the United States, speculative debt crisis, escape from capital disputes, rapidly changing sustainable development policies and rising costs of skilled workers. In terms of paint sales, vanlacker believes that China has a strong demand for bio based and water-based "ecological quality" products

Yinxu, chairman of China Xiangjiang coating group, introduced the Chinese market in detail in his speech. From 2008 to 2017, China's paint production increased from 63800 tons to 20.36 million tons, equivalent to the value of US $60.65 billion from 2648 million. Industrial coatings account for 69% and are the largest market segment in China. Xu said that so far, about 10000 coating manufacturers serving the market have hardly merged, and M & A activities will begin to appear in the coating industry

the experimental operators should protect the instruments and equipment and have a deep understanding of other regional markets

this five-star lecture program also discussed the successful strategies adopted by the leading lamps in the international coating industry. Armodios yannidis, CEO of Vitex yannidis Greece, delivered an interesting speech about how a medium-sized company run by a family met the pendulum pituitary U-shape; Successfully deal with the crisis in the face of all kinds of adversity. Tetsushi TADO, President and CEO of Japan paint holding company, also reported the challenging period faced by the Japanese paint industry. Patrick Houlihan, managing director and CEO of Dulux group, explained in his speech how to achieve sustainable and steady growth in saturated markets (such as Australia) without merger and acquisition activities

is the coating industry conservative

danielllin á s, CEO of Spain titanlux, raised a challenging question about whether the coating industry is conservative. He believes that the coating industry has a good image in terms of economic contribution and environment, but it still needs to be improved in other fields. He said that it is not always regarded as innovative, agile and cool. "Are we ready for the digital challenge?" he asked He continued that fatigue experiments are widely used in aerospace, automobile, shipbuilding, metallurgy, construction and other industries. Digitalization will affect business in many unexpected ways LLIN á s said that the industry should accept digitalization and integrate it into its strategy. He also showed a strong correlation. Between management practice and productivity, this is ultimately the key to success

participants agreed that this event once again provided an excellent opportunity to exchange views and establish valuable contacts. The next coating summit will be held in the United States in January 2021

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