A number of chemical giants raised paint prices related listed companies are expected to benefit

Today, BX Group said that its main global coil and industrial coatings products group prices will increase by 8%. PPG recently announced that it will implement a 10% price increase for all of its industrial coatings products worldwide. Evonik announced that it will increase the price of its methacrylic resin product series by 10%, and some products will increase by 20% to 25%. Dutch company DSM announced that it will implement price increases for several brands of products. The effective date of the price adjustment of several major giants is January 1, 2019. The rising price of raw materials is the direct cause of the rising price of coatings. In addition, the steady growth of downstream demand and the overall growth momentum of the coating industry have formed an effective support. According to statistics, the total output of the domestic coating industry in 2016 was about 19 million tons, an increase of 7.2%, accounting for about 29% of the global coating market. However, at present, the number of domestic coating industry manufacturers is nearly 10,000, most of which are small and medium-sized enterprises with low output, and the industry is relatively dispersed. In the past two years, local coating products have rapidly increased the industry penetration rate with high cost performance, and leading enterprises are expected to increase in volume and price.

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