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NEWS & EVENTS
Architectural Functional
Coatings Have HighPotential in Chinas RapidlyUrbanizing
MarketCONTACT
Carole JacquesLux Research, Inc.
617-502-5314
[email protected]
Architectural Functional Coatings Have High Potential in
ChinasRapidly
Urbanizing Market
Architectural functional coatings made up 8% of the
4.64-million-ton Chinese
architectural coating market in 2013, Lux Research says
BOSTON, MAMay 13, 2014Chinas architectural coatings market
nearly
doubled to 4.64 million tons between 2008 and 2013, and will
sustain its growth
as the rising Asian giant maintains its rapid pace of
urbanization. However, the
fastest growth and the highest profits are found in the
functional coatings
segment which accounts for about 8% of the architectural
coatings market,
according toLux Research.
Three major types of architectural functional
coatingsinsulating, solar reflective, and
photocatalytic coatings form the most lucrative segments due to
their wide feasibility in
all building types and early commercialization status.
Moreimportant, these three types of architectural functional
coatings have high growth
potential because their adoption is aligned with the policies of
the Chinese government to
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improve building sustainability and efficiency,said Jerrold
Wang, Lux Research
Associate and the lead author of the report titled, Exploring
Chinese Architectural
Functional Coating Market: Identifying High-Growth
Provinces.
Insulatingcoatings present a better opportunity in regions with
harsh winters such as
Heilongjiang, while solar reflective coatings should target
regions with high cooling
energy demand, such as Guangdong. Photocatalytic coatings should
focus on regions
with serious air pollution and high air-quality improvement
targets,he added.
Lux Research analysts evaluated Chinasarchitectural coating
market, identifying overall
growth drivers and specific opportunities in high-growth
provinces. Among their
findings:
Patents indicate high growth for functional coatings.Patent
activity in all these three
types of architectural functional coatings has risen since 2010,
and 472 patents have
been awarded in the four years up to January 2014. The vast
majority have been secured
by commercial enterprises, indicating market-readiness as well
as responsiveness to
government policy.
Zhishengweihua, Haitai are standout companies.Of the 18
companies and research
institutes evaluated on the Lux Innovation Grid, Zhishengweihua
and Haitai emerged as
the top candidates for partnerships. Both have technical
advantages low thermal
conductivity of Zhishengweihuasinsulation coating and the fine
particle size of
Haitaisphotocatalytic coating powder.
Climate plays key role.Insulating coatings are highly valued in
ChinasNorthernregion because of its harsh winters and high
electricity tariffs. Similarly, solar reflective
coatings have a ready market in the Pearl River Delta, and the
middle and lower
branches of the Yangtze River because of high cooling
demand.
The report, titled Exploring Chinese Architectural Functional
Coating Market:
Identifying High-Growth Provinces, is part of the Lux
ResearchChina Innovation
Intelligenceservice.
ABOUT LUX RESEARCH
Lux Research provides strategic advice and ongoing intelligence
for emergingtechnologies. Leaders in business, finance and
government rely on us to help
them make informed strategic decisions. Through our unique
research approach
focused on primary research and our extensive global network, we
deliver
insight, connections and competitive advantage to our
clients.
Visitwww.luxresearchinc.comfor more information.
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