【研报】建筑材料行业：地产投资和“旧改”双驱动涂料行业加速整合-20200623[35页].pdf

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4、2 5. .33 3 / 35 1. 1867 1.1. 80 GB2705-1981 1 2003 GB/T2705-2003 4 / 35 1 ; EV APVC () PVC . VOC 60%-70% 20%-30% 5 / 35 2V .S. VOC 20%-30% 60%-70% 2 1.2. 1.2.1. 6 / 35 1.2.2. , , , , 1.2.3. PVC 3 PVC PVC 1.2.4. 8030ta 1.2.5. , 15% 7 / 35 4 CPC 1.3. 3 8 / 35 4 1.4. 80% 5 6 201990.6% 91.55% 9 / 35 7/

5、8/ 1.4.1. 92013-2018 102013-2018 Wind Wind 2013-2018201875 64201828.2 45.63%24.0538.92% 7.2511.73%2018 95.58%2018 35.444.22% 10 / 35 1.4.2. , , , , 20193252018340 2.95%229.2877.61%50.76 17.18%15.395.21% 86.88%6.91%2015-2019 20192019100.3 10.5% 112009-2019 122015-2020 Wind Wind 2017 2017 2018 2017 13

6、2016-2019/ Wind 11 / 35 142016-2019/ Wind , , 2. 2.1. , WPCIA20152012 -201920191728 20184.8% 15: 2012-2019 WPCIA 12 / 35 WPCIA PPG2019100 602019 CR4502.34 30%CR8 691.88 37%40% 16 2019 17 WPCIA 5 SHERWIN-WILLI AMS 60000 2133433 PPG 47000 31421710 AKZONOBEL 34500 4321315 NIPPON Paints 23000 8668 RPM I