According to the 2017 annual statistical report released by the Coatings Coatings Professional Committee of the Chinese Chemical Society, the overall operation of the thermosetting powder coating industry in China is as follows:
In 2017, the sales volume of polyester resin for powder coatings of representative enterprises in China increased by 8.8% year-on-year, with sales volume up by 32.3% year-on-year, and average price of polyester resin increased by 1,959 yuan/ton.
In 2017, the sales volume of epoxy resin for powder coatings of representative enterprises in China decreased by 3.6% year-on-year, sales increased by 16.5% year-on-year, and the average price of epoxy resin increased by 2,600 yuan/ton.
In 2017, the sales volume of TGIC curing agent for powder coatings of representative enterprises in China increased by 6.9% year-on-year, sales increased by 25.8%, and the average price of TGIC curing agent increased by about 6,605 yuan/ton.
In 2017, the sales volume of HAA curing agent for powder coatings of representative enterprises in China increased by 34% year-on-year, with sales up 33% year-on-year. The average price of HAA hardener decreased by 707 yuan/ton from the same period last year.
In 2017, the sales volume of powder coating auxiliaries of representative enterprises in China increased by 3%, sales increased by 14.5%, and average price increased by approximately 2,920 yuan/ton.
In 2017, powder coating sales in China's representative companies increased by 11.5% year-on-year, sales increased by 14.1% year-on-year, and the average price of powder coatings increased by 343 yuan/ton.
According to the sales forecast of polyester resin, epoxy resin, auxiliaries, curing agents and NPG, the sales volume of thermosetting powder coatings in China in 2017 was about 1.605 million tons, which was a 13% increase over the previous year, which exceeded the total growth of China's coatings.