COATINGCAT Platform Aims to Accelerate Coating Innovation in China
SHANGHAI — The trial version of COATINGCAT, a one-stop digital coating solution platform co-created by Covestro, BYK and Hexion, was launched recently under the motto “Digital Future, Accelerating Your Innovation.” Built on an in-depth understanding of the needs of local coating manufacturers, the trial version is open to professionals throughout the coating industry for their insight and feedback. The COATINGCAT platform was initiated with the aim to create synergies along the value chain and to provide coatings manufacturers with cutting-edge knowledge and formulations for fast product development and market launches. It serves to address the recent trend for sustainable development and digital transformation in China.
With over 10,000 coating companies, China has reportedly become the largest coatings market in the world. In 2020, the annual production of China’s coatings industry was 24.59 million tons, up 2.6% year-over-year from 2019. China made a pledge in 2020 to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. The coatings industry has responded actively to this by championing green and low-carbon technologies. It is important for coating manufacturers to optimize their supply chain and embrace sustainability in order to out-compete their peers.