Hz info:August 26 – The construction planning permit for the high-performance anti-corrosion and water-based coatings project of Hubei Hongyang New Material Technology Co., Ltd. has entered the post-approval publicity stage.

It is understood that the project has a total investment of 400 million yuan, including 5 million yuan dedicated to environmental protection. Located within the Huanggang Chemical Industry Park in the Huanggang High-Tech Industrial Development Zone, Hubei Province, the project covers a land area of 80,667 square meters and is expected to have a construction period of 9 months. Upon completion, the project will achieve an annual production capacity of 15,000 tons of metal surface anti-corrosion coatings, including 10,000 tons of solvent-based anti-corrosion coatings and 5,000 tons of water-based anti-corrosion coatings. The products will be widely used in high-end manufacturing sectors such as commercial aircraft and high-speed rail.

Hubei Hongyang New Material Technology Co., Ltd. is a high-tech enterprise focused on the R&D of new material technologies and coating manufacturing. Established in July 2021 with a registered capital of 110 million yuan, the company is headquartered in Tuanfeng County, Huanggang City, Hubei Province, and its legal representative is Hu Jingquan.

The construction of this project aligns with the rapid development trend of China's anti-corrosion coatings industry. As a crucial component of industrial protection, anti-corrosion coatings play a key role in the national economy, particularly in high-end manufacturing. Currently, demand for metal surface anti-corrosion coatings continues to rise across various sectors in China, including steel structures, pipelines, ships, high-speed rail, and new energy, indicating significant market potential. According to statistics, China's total output of anti-corrosion coatings in 2023 was 8.913 million tons, with market demand reaching 8.707 million tons. The overall market size calculated therefrom is approximately 209.36 billion yuan. In terms of product structure, heavy-duty anti-corrosion coatings dominate, accounting for 66.83%, while light-duty anti-corrosion coatings make up about 33.17%. By 2027, the market size of China's anti-corrosion materials industry is expected to increase by over 180 billion yuan.

Alongside market growth, national policy has also charted the direction for industry development. The national "14th Five-Year Plan" explicitly states that the domestic production rate of high-end anti-corrosion coatings must reach 70% by 2025 to drive breakthroughs in areas such as marine paints and aerospace coatings. Environmental sustainability, high performance, and intelligence have become core development trends. The widespread application of new materials like graphene and fluorocarbon, alongside R&D breakthroughs in smart coating technology, are accelerating the industry's move towards high-end and specialized segments. According to market research predictions, China's output, demand, and market size for heavy-duty anti-corrosion coatings will achieve year-on-year growth rates of 3.1%, 3.3%, and 11.9% respectively in 2025.

Despite the broad market prospects, the domestic high-end anti-corrosion coatings market is currently dominated by foreign companies such as Hempel and International Paint. While there are numerous local enterprises, most are in the second or third tier, still facing certain bottlenecks in high-end product R&D and supporting technical systems. Companies like Hubei Hongyang, leveraging the park's platform policies and industrial cluster advantages, are expected to gradually enhance the market voice of domestic high-end coatings through technological攻坚 and capacity release.

It is worth noting that the Huanggang Chemical Industry Park, where Hubei Hongyang's project is located, provides crucial platform support for its development. The Huanggang Chemical Industry Park is the only specialized chemical park within the Wuhan Metropolitan Area. It has been included in the Hubei Province Yangtze River Economic Belt Open Development Master Plan and is an important component of the "New Urbanization Continuum." The park precisely focuses on four leading industries: chemical pharmaceutical ingredients, wet electronic chemicals, new materials, and new energy, which highly aligns with Hubei Province's planning for industrial upgrading along the Yangtze River Economic Belt. The entry of Hubei Hongyang New Materials will further enhance the agglomeration effect of the park's new materials sector and extend the regional industrial chain.

Furthermore, Hubei Hongyang is actively participating in the construction of the park's Central China Photoelectric Materials Industrial Cluster. The Hubei Hongyang New Materials project officially commenced construction on January 10, 2025, in the Huanggang High-Tech Zone Chemical Park. This project, with a total investment of 800 million yuan, focuses on the independent R&D and production of modified epoxy and modified polyester materials with internationally leading standards, holding high market recognition and share in the food and beverage packaging material sector.

The Central China Photoelectric Materials Industrial Cluster project is jointly built by the Huanggang High-Tech Zone and the Yangtze River Industry Investment Group, with a total investment of 8.85 billion yuan. It covers three sectors: photoelectric new materials, wet electronic chemicals, and park supporting facilities. Relying on the Huanggang Chemical Industry Park platform and centered around the supply chain needs of companies like Yangtze Memory Technologies (YMTC), Changfei Fiber, BOE, and CSOT, the project plans to build a pilot platform, specialized park, and industrial fund within three years. It aims to introduce a batch of photoelectric projects, construct a complete industrial ecosystem, fully integrate into the Optics Valley Sci-Tech Innovation Corridor, and build the largest photoelectric material supply base in Central China. The advancement of the Hubei Hongyang New Materials project will strengthen regional cluster effects, enhance Huanggang's industrial capability within the Wuhan Metropolitan Area, accelerate the "integration of the four chains" (industry, innovation, capital, and talent), and boost the high-tech zone's competitiveness and overall capacity.