Report on the Economic Operation of China's Coatings and Pigments Industry in 2024

1、 Overview of the Operation of China's Coatings and Pigments Industry in 2024
In 2024, the Chinese coatings industry will deeply implement the new development concept, accelerate the construction of a new development pattern, steadily develop new quality productivity, solidly promote high-quality development, accelerate the green and low-carbon transformation, accelerate the pace of digital upgrading, and achieve overall stable and steady economic operation with new breakthroughs.
According to statistics from the China Coatings Industry Association, in 2024, the total output of China's coatings industry was 35.341 million tons, a year-on-year decrease of 1.60%. The total revenue of the main business was 408.903 billion yuan, a year-on-year increase of 1.56%, and the total profit was 26.29 billion yuan, a year-on-year increase of 9.34%.
In the field of inorganic pigments, the total production of titanium dioxide in 2024 was 4.8052 million tons, a year-on-year increase of 13.79%; The total output of iron oxide pigments in 2024 was 625900 tons, a year-on-year increase of 6.21%.  
2、 Overview of Import and Export of China's Coatings and Pigments Industry in 2024
1. Export
In 2024, the total export volume of coatings was 334800 tons, a year-on-year increase of 27.72%. The total export value was 1.065 billion US dollars, a year-on-year increase of 18.65%.
In 2024, the total export volume of titanium dioxide was 1.9022 million tons, a year-on-year increase of 15.88%. The total export value was 4.183 billion US dollars, a year-on-year increase of 16.28%. The distribution of export regions has undergone significant changes, with a sharp decline in the European direction.
In 2024, the total export volume of iron oxide pigments was 339300 tons, a year-on-year increase of 21.33%. The total export value was 324 million US dollars, a year-on-year increase of 4.32%. The distribution of export regions has undergone significant changes, with a sharp decline in the Asian direction.
2. Import
In 2024, the total import volume of coatings was 164000 tons, a year-on-year increase of 7.23%. The total import value was 1.809 billion US dollars, a year-on-year increase of 12.73%.
In 2024, the total import volume of titanium dioxide was 91900 tons, a year-on-year increase of 8.84%, and the total import value was 308 million US dollars, a year-on-year increase of 7.92%.
In 2024, the total import volume of iron oxide pigments was 198400 tons, a year-on-year increase of 26.13%. The total import value was 81 million US dollars, a year-on-year increase of 1.00%.
Overall, the operation of China's paint industry will remain stable in 2024, but there will be significant changes in the supply and demand relationship of the industry chain, the growth rate of segmented fields, and import and export characteristics, which should be highly concerned by the industry and all sectors.
Forward from public account: China Coatings Industry Association