?！≡L

　　張之涵

Frank Zhang

　　科思創涂料與膠粘劑事業部亞太區

　　應用與市場開發 副總裁

Head of Application and Market Development APAC

Business Unit Coatings and Adhesives

《中國涂料》China Coatings

在當下復雜且多變的市場大環境中，科思創作為全球領先的高品質聚合物的生產商之一，請問企業究竟該采取何種策略來實現跨周期增長？又該如何精準挑選市場、深度耕耘市場，進而開發出更具市場競爭力的產品？

In today's complex and changing market environment, as one of the world's leading manufacturers of high-quality polymers, what strategies will Covestro adopt to achieve its growth across cycles? How to target the right market and develop more competitive products for the market?

科思創 Covestro

作為一家有著80多年創新歷史、全球領先的聚合物制造企業，科思創正積極推進“可持續未來”的戰略，以積極應對當下復雜且變化快速的市場挑戰，并推進轉型。我們的戰略核心包含了：

以客戶為中心，通過持續投資構建起高品質、更穩定的區域供應能力，并采取一系列舉措來提升我們的運營效率和市場競爭力，從而成為客戶可靠的合作伙伴。

以可持續的方式驅動增長。我們將通過有機增長、非有機增長和創新來擴展我們具有吸引力的可持續產品組合，以滿足市場對于環保型、高性能產品日益增長的需求。到2025年，我們80%的研發項目支出將有助于實現聯合國可持續發展目標（SDG）。

實現氣候中性和全面循環?？扑紕撎岢隽藢崿F“全面循環”的企業愿景，走在低碳循環經濟發展的前沿。我們的目標是到2050年實現供應鏈上下游全流程的凈零排放，重點舉措包括采用替代性原材料和可再生能源，以及促進創新的回收技術。從長遠來看，我們的目標是100%使用替代原材料生產我們的產品，并在全球所有生產基地采用100%可再生能源。

As a company with over 80 years of innovation history, Covestro is implementing its "Sustainable Future" strategy to respond to today's complex and rapidly changing market challenges and drive transformation. Our strategic core includes:

Customer-centricity: Building high-quality, more resilient regional supply capabilities through continuous investment, and taking a series of measures to improve our operational efficiency and market competitiveness, thereby becoming a reliable partner for customers.

Driving growth sustainably: We will expand our attractive sustainable product portfolio through organic growth, non-organic growth, and innovation to meet the growing market demand for environmentally friendly, high-performance products. By 2025, 80% of our R&D project expenditure will contribute to the United Nations Sustainable Development Goals (SDGs).

Achieving climate neutrality and fully circular: Covestro announced its vision of being "Fully Circular," and aims to lead the development of a low-carbon circular economy. Our goal is to achieve net-zero emissions throughout the supply chain by 2050, with key initiatives including the adoption of alternative raw materials and renewable energy, as well as promoting innovative recycling technologies. In the long term, our goal is to produce our products using 100% alternative raw materials and adopt 100% renewable energy at all our global production sites.

值得一提的是創新力是科思創在新周期中實現增長的動力。我們關注創新的深度。即通過解決技術挑戰，無論是性能、效率，還是市場的法規合規方面的，為客戶提供全方位的綜合解決方案。同時，我們也關注創新的廣度。我們本土的研發團隊與產業鏈的合作方一同開發前瞻性的產品和解決方案，以拓展更具增長潛力的涂料、膠粘劑新應用場景。

It's worth mentioning that innovation is the driving force for Covestro's growth in the new cycle. We focus on the depth of innovation - providing comprehensive solutions for customers by addressing technical challenges in performance, efficiency, and regulatory compliance. At the same time, we also focus on the breadth of innovation. Our local R&D team works with partners along the value chain to develop forward-looking products and solutions to expand new applications for coatings and adhesives in those niche markets with greater growth potential.

《中國涂料》China Coatings

自2025年起，科思創提出了“綜合解決方案，成就您的無限可能”的宣傳口號。在此，誠邀張總分享一下科思創在創新方面有哪些具體舉措，又如何助力客戶應對各類挑戰，并成功開拓業務新邊界？

Since 2025, Covestro has launched the campaign "Total Solutions Unlock Your Possibilities." Could you share what specific innovation initiatives Covestro has undertaken, and how it helps customers address various challenges and successfully expand new business boundaries?

科思創 Covestro

在當今充滿挑戰與不確定性的市場環境中，客戶需求已從產品轉向定制化的解決方案。“科思創綜合解決方案”理念體現在我們為客戶提供的不僅是高品質產品，更是從產品開發、配方優化到應用施工的技術服務。我們旨在為客戶提供一站式的服務，以滿足多樣化的需求。

通過本土化戰略的實施，我們在以下幾方面顯著增強了實力：

高效研發流程。我們構建了從實驗室產品研發到規?；a的完整本土創新鏈，幫助客戶大幅縮短新品上市時間。

深度市場融合。我們的創新原則"貼近區域市場"。我們在傳統優勢的高端應用市場外，更多推出了貼近市場的高性價比的新型涂料和膠粘劑解決方案，來幫助客戶擴大市場份額。

一站式采購體系。我們為客戶提供專業的通用配方建議，并且越來越多地在配方中融入科思創的高品質固化劑和樹脂產品。這不僅確保了更優的產品兼容性和可靠性，同時也簡化了客戶的供應鏈管理流程。

In today's challenging and uncertain market environment, customer needs have shifted from single products to solutions. The "Covestro Total Solutions" concept is reflected in our provision of not only high-quality products but also technical services from product development and formulation optimization to application suggestions. We aim to bring one-stop service to our customers to meet their diversified needs.

Through implementation of localization strategy, we have significantly enhanced our capabilities in the following areas:

Efficient R&D process: We have built a complete local innovation chain from laboratory product development to scale up production, helping customers significantly shorten time-to-market for new products.

Closeness to market: Our innovation principle is "close to regional markets." Beyond our traditional high-end markets, we have launched more cost-competitive coating and adhesive solutions that help can customers expand market share in other market segments.

One-stop shop: We provide customers with ready-to-use formulation guidance and also increasingly include both crosslinker and resin products by Covestro into formulations. This not only ensures better product compatibility and reliability but also simplifies customers' supply chain management processes.

科思創近年來還加大了樹脂產品的創新投入，并搭建起一個覆蓋多應用行業、包含不同技術體系和產品組合的“樹脂之家”。樹脂作為涂料的核心原材料，在涂料創新中起著重要的作用。我們的高性能樹脂不僅提升了涂料的環保性、耐久性和美觀度，更為客戶帶來了差異化競爭優勢。特別是在水性涂料和低VOC高固體分涂料領域，我們的創新樹脂幫助客戶滿足日益嚴格的環保法規要求，并進一步提升施工效率，實現節能減排。

今年，我們也陸續推出了一系列針對汽車和軌道交通行業以及家具行業的綜合解決方案，涵蓋了聚氨酯、丙烯酸和聚酯等系列產品，水性、高固體分和潮氣固化等技術平臺，給到客戶更多“物有所值”的具有競爭力的綜合解決方案的選擇。

Covestro has also increased innovation investment in resin products in recent years and built a "House of Resins" covering multiple application industries, including different technology systems and product portfolios. As a core component of coatings, resins play an important role in coating innovation. Our high-performance resins not only enhance the environmental friendliness, durability, and aesthetics of coatings but also bring differentiated competitive advantages to customers. Especially in the fields of waterborne coatings and low VOC high-solid coatings, our innovative resins help customers meet increasingly stringent environmental regulatory requirements while further improving application efficiency and achieving energy conservation and emission reduction.

This year, we have also launched a series of total solutions for the automotive and rail transportation industries as well as the furniture industry, covering polyurethane, acrylic, and polyester series products, waterborne, high-solid, and moisture-curing technology platforms, giving customers more "value for money" competitive comprehensive solution choices.

《中國涂料》China Coatings

科思創一直以來為行業提供創新解決方案為己任，開發出諸多行業標桿型產品，請介紹一下迄今為止取得了哪些顯著成就和具備哪些獨特優勢？

Covestro has always been committed to providing innovative solutions for the industry and has developed many industry benchmark products. Could you introduce what significant achievements have been made so far and what unique advantages do you have?

科思創 Covestro

科思創作為聚氨酯技術的發明企業，有著很多耳熟能詳的明星產品，例如Desmodur®ultra N固化劑、Dispercoll® U水性聚氨酯分散體。當涂料和膠粘劑行業不斷發展時，科思創致力于引領行業創新，助力行業標準。

As the inventor of polyurethane technology, Covestro has many well-known products, such as Desmodur® ultra N crosslinkers and Dispercoll® U waterborne polyurethane dispersions. As the coating and adhesive industry continues to develop, Covestro is committed to leading industry innovation and helping set industry standards.

我們的產品服務于很多的下游應用行業。以汽車行業為例，Desmodur® ultra N系列固化劑產品已廣泛應用于雙組分聚氨酯汽車清漆，憑借其優異的漆膜外觀、耐候性和抗石擊性，樹立了高性能汽車涂料的標桿。同時，該系列產品的殘余單體含量低于0.1%，在工業衛生方面也樹立了新標準。隨著越來越多汽車制造企業關注減碳的話題，科思創也推出了部分生物基固化劑Desmodur® CQ ultra N7300，它含有70%可再生碳含量，這些碳主要來源于不與食物鏈競爭的植物淀粉原料，可以顯著降低雙組分聚氨酯清漆的碳足跡。此外，它只需極少的配方調整，就保持與化石基固化劑相似的高性能。目前，我們正在亞太地區與產業鏈的合作方共同推進產品的驗證。

Our products serve many downstream application industries. Taking the automotive industry as an example, the Desmodur® ultra N series of crosslinkers have been widely used in two-component polyurethane automotive clear coats, setting a benchmark for high-performance automotive coatings with their excellent film appearance, weather resistance, and stone chip resistance. At the same time, the residual monomer content of this series of products is less than 0.1%, also setting a new standard in industrial hygiene. As more and more automobile manufacturers focus on carbon reduction, Covestro has also launched the partially bio-based curing agent Desmodur® CQ ultra N7300, which contains 70% renewable carbon content, mainly derived from plant starch raw materials that do not compete with the food chain, and can significantly reduce the carbon footprint of two-component polyurethane clear coats. In addition, it maintains similar high performance to fossil-based curing agents with minimal formulation adjustments. Currently, we are working with partners in the value chain in the Asia Pacific to promote product validation.

此外，作為汽車內飾膠水性化的先驅，科思創的水性聚氨酯分散體Dispercoll® U 54和U 56因其優異的初黏性和持黏時間，成功地應用于汽車內飾件包覆膠。在此基礎上，針對極端高溫天氣對內飾抗老化能力的挑戰，科思創又進一步推出了Dispercoll® U 86 PLUS和U 88 PLUS水性聚氨酯分散體。該新升級方案兼顧低VOC、低氣味等環保優勢，提高了產品的耐高溫和耐濕熱性能，保障內飾膠粘劑粘接表現長期穩定性，從而能輕松駕馭各種內飾包覆應用場景。

In addition, as a pioneer in the waterborne transformation of automotive interior adhesives, Covestro's waterborne polyurethane dispersions Dispercoll® U 54 and U 56 have been successfully applied to automotive interiors bonding due to their excellent initial tack and open time. Building on this, in response to the challenge of extreme high-temperature weather on the aging resistance of interior parts, Covestro further launched Dispercoll® U 86 PLUS and U 88 PLUS waterborne polyurethane dispersions. This new upgraded solution combines low VOC, low odor, and other environmental advantages, improves the product's high-temperature and humid heat resistance, ensures the long-term stability of interior adhesive bonding performance, and can easily handle various interior covering application scenarios.

這樣的例子還有很多?？扑紕搹牟粷M足于現狀，通過持續的產品創新，我們為客戶創造更多的價值，推動行業高質量發展。

There are many such examples. Covestro is never satisfied with the status quo. Through continuous product innovation, we create more value for customers and promote high-quality development of the industry.

《中國涂料》China Coatings

科思創始終致力于創新發展?？梢钥闯?，近年來科思創在繼續保持傳統優勢的同時，聚焦更豐富的產品組合和多元化技術平臺。請問科思創圍繞哪些關鍵創新維度，滲透哪些新的涂料應用領域，助力客戶縮短研發周期、實現跨周期增長的？將為客戶提供哪些創新解決方案？

Covestro has always been committed to innovations. It can be seen that in recent years, while continuing to maintain traditional advantages, Covestro has focused on a richer product portfolio and diversified technology platforms. Could you tell us around which key innovation dimensions Covestro is penetrating new coating application fields, helping customers shorten R&D cycles and achieve cross-cycle growth? What innovative solutions will be provided to customers?

科思創 Covestro

簡而言之，科思創的創新原則建立在三大核心維度之上：性能、效率與法規合規。在性能方面，我們關注延長終端產品的使用壽命，提升產品外觀設計；在效率方面，我們關注快速固化、低溫烤漆等技術，助力下游產業實現涂裝、粘接工藝效率提升和節能減排；在法規方面，我們在低VOC環保型方案，包括水性和高固技術，以及采用替代性原材料的低碳解決方案領域持續發力。接下來，我會介紹幾款科思創針對行業趨勢開發的創新型涂料解決方案。

In short, Covestro's innovation principles are built on three core dimensions: performance, efficiency, and regulatory compliance. In terms of performance, we focus on extending the service life of end products and enhancing product appearance design; in terms of efficiency, we focus on technologies such as fastdrying and low-temperature baking to help downstream industries improve coating and bonding process efficiency and achieve energy conservation and emission reduction; in terms of regulations, we continue to focus on low VOC environmentally friendly solutions, including waterborne and high-solid technologies, as well as low-carbon solutions using alternative raw materials. Next, I will introduce several innovative coating solutions developed by Covestro in response to industry trends.

提升新能源汽車的外觀

擺脫了傳統燃油車的黑、白、灰，我們看到更多閃亮多彩的新能源汽車在道路上行駛，表達出年輕一代車主的個性。我們正在推動雙組分聚氨酯清漆替代1K TSA/酸性環氧涂料，同時配套水性底漆、中涂和底色漆的方案?？扑紕摰母吖绦推嚽迤峋C合解決方案，包含了高性能樹脂和固化劑的組合，滿足環保型涂料的標準（VOC含量＜420 g/L），帶來優異的漆膜外觀，并能提高噴涂效率。客戶可以從Hybrane™ CY 240/245/268丙烯酸樹脂和Desmophen®670BA聚酯樹脂中選擇，與Desmodur® ultra N系列固化劑組合使用，從而實現更佳的光澤和流平性。如果客戶對低碳型清漆解決方案感興趣，我們已開發出多款部分生物基固化劑產品，如Desmodur® CQ ultra N7300和N7400。

Enhancing the appearance of new energy vehicles

 

Moving beyond the traditional black, white, and gray look of conventional fuel vehicles, we see more bright and colorful new energy vehicles on the road, expressing the personality of the younger generation of car owners. We are promoting two-component polyurethane clear coat solutions to replace 1K TSA/acid epoxy, along with waterborne primer, mid-coat, and basecoat solutions. Covestro's high-solid automotive clear coat solution, including a combination of high-performance resins and crosslinkers, meets the standards for environmentally friendly coatings (VOC content <420g/L), delivers excellent film appearance, and improves spraying efficiency. Customers can choose from Hybrane™ CY 240/245/268 acrylic resins and Desmophen® 670BA polyester resin, combined with Desmodur® ultra N series, to achieve better gloss and leveling. If customers are interested in low-carbon clear coat solutions, we have developed several partially bio-based curing agent products, such as Desmodur® CQ ultra N7300 and N7400.

提升軌交車輛涂裝效率

隨著市場對提高效率的涂料解決方案需求增長，科思創的快速固化技術已在多個行業推廣，幫助客戶獲得競爭優勢。例如，在軌道交通行業，高鐵車身膩子通常采用不飽和聚酯體系，需人工刮涂?？扑紕撏瞥龅母哞F金屬部件超快固底面合一涂料解決方案可實現自動化涂裝與打磨，以及室溫快速固化，大幅提高車輛涂裝效率，預計可縮短40%生產周期。

Improving rail vehicle coating efficiency

 

With the growing market demand for efficiency-improving coating solutions, Covestro's fastdrying technology has been promoted in multiple industries, helping customers gain competitive advantages. For example, in the rail transportation industry, high-speed rail body putty typically uses unsaturated polyester systems that require manual application. Covestro's ultra-fast drying primer-surfacer solution for high-speed rail metal parts enables automated coating and polishing, as well as room temperature rapid curing, significantly improving vehicle coating efficiency and is expected to shorten the production cycle by 40%.

新能源行業多樣化創新

亞太地區占據全球風能和太陽能產品生產的80%以上，中國更是這一領域的核心市場?？扑紕摲e極與整個價值鏈緊密協作，持續提供前沿創新解決方案。

在風能領域，科思創推出了水性和聚天門冬氨酸酯基風機葉片涂料解決方案，并不斷提升其性能。雙組分水性風機葉片面漆，采用Bayhydrol® A和Bayhydrol® U，也就是聚丙烯酸酯與聚氨酯樹脂復合技術，為涂層賦予卓越耐久性，具有優異的耐酸堿性、耐磨性和耐候性。同時，這一配方可實現更長的適用期、更低的VOC排放，以及快速干燥、便捷混合和施工高效等特性。

針對風機葉片高速旋轉時面臨的挑戰，科思創開發了基于聚天門冬氨酸酯技術的前緣保護（LEP）解決方案。這種高性能樹脂兼具優異彈性和強度，能有效吸收高速雨滴沖擊產生的動能，能有效提升葉片耐雨蝕性能。目前，該新技術已經由重點客戶商用化，并收獲終端用戶的高度評價。

在太陽能領域，今年，科思創聚氨酯復合材料光伏組件邊框已實現突破性發展，累計出貨量超過3吉瓦，相當于500萬塊常規光伏板。我們為聚氨酯拉擠型材框架開發的水性涂料解決方案，能進一步提升了光伏組件邊框耐候性能與環保性。

此外，科思創在2024年成功實現了創新半透明柔性復合前板的首個商業化應用，專為便攜式光伏和建筑集成/附加光伏系統設計。這種采用科思創特種樹脂制造的柔性前板不僅保持高透明度，還能將組件重量較傳統玻璃前板減輕高達70%，為光伏應用開辟了全新可能。

Diversified innovation in the new energy industry

 

The Asia Pacific region accounts for more than 80% of global wind and solar product production, with China being the core market in this field. Covestro actively collaborates closely with the entire value chain to continuously provide cutting-edge innovative solutions.

In the wind energy, Covestro has launched waterborne and polyaspartic-based wind turbine blade coating solutions and continuously improves their performance. The two-component waterborne wind turbine blade topcoat, using Bayhydrol® A and Bayhydrol® U, which is a technology of polyacrylate and polyurethane resins, gives the coating excellent durability with outstanding acid and alkali resistance, abrasion resistance, and weather resistance. At the same time, this formulation can achieve a longer shelf life, lower VOC emissions, as well as fast drying, easy mixing, and efficient application.

In response to the challenges faced by wind turbine blades during high-speed rotation, Covestro has developed a Leading Edge Protection (LEP) solution based on polyaspartic technology. This high-performance resin combines excellent elasticity and strength, effectively absorbing the kinetic energy generated by high-speed raindrops, and effectively improving the blade's rain erosion resistance. Currently, this new technology has been commercialized by key customers and has received high praise from end users.

In the solar energy, this year, Covestro's polyurethane composite material photovoltaic module frames have achieved breakthrough development, with cumulative shipments exceeding 3 gigawatts, equivalent to 5 million conventional photovoltaic panels. Our waterborne coating solution developed for polyurethane pultrusion profile frames further enhances the weather resistance and environmental friendliness of photovoltaic module frames.

In addition, Covestro successfully achieved the first commercial application of innovative semi-transparent flexible composite front sheets in 2024, specifically designed for portable photovoltaic and building-integrated/attached photovoltaic systems. This flexible front sheet made with Covestro specialty resins not only maintains high transparency but also reduces the weight of the module by up to 70% compared to traditional glass front sheets, opening up new possibilities for photovoltaic applications.

建筑涂料：聚焦細分應用場景

專注于建筑涂料高性能細分市場，我們推出多項突破性創新涂料解決方案。我們自主研發并擁有專利保護的新型水性聚氨酯分散體產品Bayhydrol® UH 2897，專為高性能屋面防水涂料設計，具備極低吸水率、優異力學性能和卓越耐久性，能夠有效降低建筑物全生命周期維護成本，為客戶創造長期價值。

同時，科思創本土研發團隊成功開發了創新型HDI基聚異氰酸酯預聚物Desmodur® ultra E 30800，這款為聚天門冬氨酸酯涂料體系量身定制的固化劑，可廣泛應用于地坪涂料、防腐蝕涂料及美縫劑等領域。該產品在保持快速固化特性的同時，顯著延長了施工可操作時間，并具備優異的耐水性、耐磨性和耐候性，完美平衡了施工效率與涂層性能。

Construction coatings: Focus on niche market

 

Focusing on the high-performance segment of the building coatings market, we have launched several breakthrough innovative coating solutions. Our newly developed and patent-protected waterborne polyurethane dispersion Bayhydrol® UH 2897, designed for high-performance roof waterproofing, features extremely low water absorption, excellent mechanical properties, and outstanding durability, effectively reducing the lifecycle maintenance costs of buildings and creating long-term value for customers.

At the same time, Covestro's local R&D team has successfully developed the innovative HDI-based polyisocyanate prepolymer Desmodur® ultra E 30800, a crosslinker tailored for polyaspartic coating systems, which can be widely used in floor coatings, anti-corrosion coatings, and grout sealants. This product significantly extends the workable time while maintaining fast drying performance and features excellent water resistance, abrasion resistance, and weather resistance, perfectly balancing application efficiency and coating performance.

工業涂料的新突破

在家具和消費電子行業，科思創推出一款具有高交聯密度特點的Bayhydrol® UV 2901紫外光固化聚氨酯分散體，打破了水性UV涂料配方設計的局限性。它既可以用于傳統水性UV涂料體系，顯著提升涂料硬度（可實現大于6H的硬度）、耐化性、耐水性和機械性能，也能與單組分水性丙烯酸或聚氨酯分散體組合使用，滿足不通過應用場景的需求。它與多種基材具有優異的附著力，可廣泛用于消費電子、木器家具等工業涂裝領域，實現高性能與涂裝效率。

科思創還專為中國木器涂料市場研發了一款創新型TDI基聚異氰酸酯預聚物，擴充了Desmodur® E系列產品，完美契合本土客戶的需求。這款高性能單組分潮氣固化木器底漆解決方案具備卓越的應用特性：優異的硬度表現確保漆膜堅固耐用；強效封閉單寧酸能力有效防止木材中的活性成分滲出；即使在低溫環境下施工也能實現快速打磨，顯著提升涂裝效率。

New breakthroughs in industrial coatings

 

In the furniture and consumer electronics industries, Covestro has launched Bayhydrol® UV 2901, a UV-curable polyurethane dispersion with high crosslinking density, breaking the limitations of waterborne UV coating formulation design. It can be used in traditional waterborne UV coating systems, significantly improving coating hardness (achieving hardness greater than 6H), chemical resistance, water resistance, and mechanical properties, and can also be combined with one-component waterborne acrylic or polyurethane dispersions to meet the needs of different application scenarios. It has excellent adhesion to various substrates and can be widely used in consumer electronics, wooden furniture, and other industrial coating fields, achieving high performance and coating efficiency.

Covestro has also developed an innovative TDI-based polyisocyanate prepolymer specifically for the Chinese wood coating market, expanding the Desmodur® E series products to perfectly match the needs of local customers. This high-performance one-component moisture-curing wood primer solution has excellent application performances: outstanding hardness ensures durable film; strong tannin acid sealing capability effectively prevents active components in wood from seeping out; and it enables rapid sanding even in low-temperature environments, significantly improving coating efficiency.

《中國涂料》China Coatings

科思創位于上海的涂料與膠粘劑配方實驗室完成擴建，其優勢及重要意義是什么？將通過哪些具體方式為亞太地區客戶提供有力賦能？

Covestro has completed the expansion of our Coatings and Adhesives Laboratory in Shanghai. What are the advantages and significance of Covestro's Shanghai laboratory? What specific ways will it use to provide strong empowerment to customers in the Asia-Pacific region?

科思創 Covestro

最近，我們完成了位于上海的涂料與膠粘劑配方實驗室的擴建項目，該實驗室作為科思創亞太創新中心的重要組成部分，擴建后實驗室面積超過3000平方米，較之前增加約20%，并配備了先進的實驗設備，其中包括一套用于水性聚氨酯分散體的全新合成裝置，可顯著提升工藝放大、問題排查和客戶樣品制備的效率。進一步提升為亞太地區客戶提供創新型產品和解決方案的速度和能力。

Recently, we completed the expansion of our Coatings and Adhesives Laboratory in Shanghai. As an important part of Covestro's Asia Pacific Innovation Center, the expanded laboratory covers an area of over 3,000 square meters, an increase of about 20% compared to before, and is equipped with advanced experimental equipment, including a new synthesis device for waterborne polyurethane dispersions, which can significantly improve the efficiency of process scale-up, troubleshooting, and customer sample preparation. This further enhances our speed and capability to provide innovative products and solutions to customers in the Asia Pacific region.

《中國涂料》China Coatings

作為為涂料行業不斷提供創新解決方案的供應商，如何看待目前的涂料市場，對于未來市場和涂料行業的發展有哪些預期？

As a supplier continuously providing innovative solutions for the coating industry, how do you view the current coating market, and what expectations do you have for the future market and development of the coating industry?

科思創 Covestro

2023年至2028年，全球涂料市場的年復合增長率約為2.5%（數據來源：S&P Global），亞太地區特別是中國市場依然是全球涂料市場發展的引擎。

中國涂料市場正處于轉型升級的關鍵期，即市場從“規模增長”向“價值增長”轉型。未來行業的集中度將進一步步提高，大型涂料企業通過規模和創新技術優勢增加市場占有率。而一些細分市場和新的應用場景將帶來遠高于行業增速的發展收益。敏銳的市場洞察和創新力將幫助企業在未來新周期實現更好的增長。

科思創正在持續投入的幾個領域，它們都有著一些共性，比如效率提升、節能減排，采用可替代性原材料代替化石基原料，與中國的“雙碳目標”推進以及綠色轉型的趨勢緊密相關，特別是在新能源汽車、新能源、消費電子以及建筑等充滿活力的市場領域。

我們相信，通過不斷創新和堅持可持續發展，涂料行業將迎來更加綠色、高效、智能的未來。

The global coating market's compound annual growth rate from 2023 to 2028 is about 2.5% (data source: S&P Global), with the Asia Pacific region, especially the Chinese market, remaining the engine of global coating market development.

The Chinese coating market is at a critical period of transformation and upgrading, transitioning from "scale growth" to "value growth." The industry concentration will further increase in the future, with large coating enterprises increasing market share through scale and innovative technology advantages. Some segmented markets and new application scenarios will bring development benefits far higher than the industry growth rate. Market insight and innovation will help enterprises achieve better growth in the new cycle.

Covestro is continuously investing in several areas that share commonalities such as efficiency improvement, energy conservation and emission reduction, and using alternative raw materials to replace fossil-based raw materials, closely related to China's "dual carbon goals" and green transformation trends, especially in industries such as new energy vehicles, new energy, consumer electronics, and construction.

We believe that through continuous innovation and adherence to sustainable development, the coating industry will usher in a greener, more efficient, and smarter future.

《中國涂料》China Coatings

2025年是“十四五”規劃收官之年，也是“十五五”規劃謀篇布局之年。請暢談一下，科思創未來的發展愿景。

2025 is the final year of the "14th Five-Year Plan" and the year for planning the "15th Five-Year Plan." Please share Covestro's plan and vision for future growth.

科思創 Covestro

中國作為科思創全球最大的單一市場，占全球銷售額約23%。自2001年起，科思創在中國的累計投資已超過40億歐元，彰顯了對中國市場的長期承諾。

通過過去十多年集中的生產能力投資，我們大大加強了中國和亞太市場可持續涂料和膠粘劑原材料產品的供應和服務能力，其中包括于2023年竣工的位于科思創上海一體化基地的全新水性聚氨酯分散體（PUD）工廠，2024年投產的位于印度的新三聚體生產裝置，顯著提升本土的供貨穩定性和服務響應速度。目前我們在亞太區銷售的涂料和膠粘劑原材料產品的本土化生產比例已達75%。更高的本土化程度也為亞太和中國客戶帶來了切實的益處，無論是產品的供應還是競爭力。

同時，推進數字化也是科思創“可持續未來”戰略的重要一環。數字化正在推動我們各個方面的工作方式變革。依托數字技術我們為客戶提供高效響應的商務流程和服務（如線上索樣、訂單查詢和貨物追蹤功能等），提升客戶體驗。

在創新方面，我們的數字化主要圍繞數字化基礎設施與核心能力兩大方向展開。在基礎設施方面，我們的樹脂合成實驗室整合了IoT技術實現研發數據自動采集，加速了新產品開發流程；針對快速迭代的市場需求建立了AI驅動的配方性能預測模型，提高了應用開發的效率；并投入了一系列實驗室自動化設備，其中針對配方的自動化工作站近期已經進入驗收階段。在核心能力建設上，科思創專注于材料與加工模擬，計算化學和數據科學等領域。這些舉措使科思創的創新力始終處于行業領先地位。

展望未來，科思創的愿景是實現“全面循環”，成為低碳材料和循環經濟領域的領導者。科思創將加大在低碳型技術、替代性原材料和創新回收工藝等領域的研發投入。在涂料和膠粘劑領域，我們將推動本地創新與全球協同，推出涵蓋多產品線和技術體系的低碳型創新涂料和膠粘劑綜合解決方案，助力產業鏈合作方實現“近零排放”目標，促進共贏發展。

China, as Covestro's largest single market globally, accounting for about 23% of global sales. Since 2001, Covestro's cumulative investment in China has exceeded 4 billion euros, demonstrating its long-term commitment to the Chinese market.

Through concentrated production capacity investments over the past decade, we have greatly strengthened our supply and service capabilities for sustainable coating and adhesive raw material products in the Chinese and Asia Pacific markets. This includes the new waterborne polyurethane dispersion (PUD) plant at Covestro's Shanghai integrated site completed in 2023, and the new trimer production facility in India that started operation in 2024, significantly improving local supply stability and service response speed. Currently, the localization of coating and adhesive raw material products we sell in the region has reached 75%. A higher degree of localization also brings tangible benefits to Asia Pacific and Chinese customers, both in terms of product supply and competitiveness.

At the same time, advancing digitalization is an important part of Covestro's "Sustainable Future" strategy. Digitalization is driving transformation in our way of working across all areas. Leveraging digital technology, we continuously optimize business processes and provide first-class services (such as online sampling, order checking and delivery tracking) to enhance customer experience.

Our digital R&D mainly focuses on two directions: digital infrastructure and core capabilities. In terms of infrastructure, our resin synthesis laboratory has integrated IoT technology to achieve automatic collection of R&D data, accelerating the new product development process; established AI-driven formulation performance prediction models for rapidly iterating market demands, improving the efficiency of application development; and invested in a series of laboratory automation equipment, with the automated workstation for formulations recently entering the acceptance phase. In building core capabilities, Covestro focuses on materials and processing simulation, computational chemistry, and data science. These initiatives keep Covestro's innovation power at the forefront of the industry.

Looking to the future, Covestro's vision is to achieve "comprehensive circularity" and become a leader in the field of low-carbon materials and circular economy. Covestro will increase R&D investment in low-carbon technology, alternative raw materials, and innovative recycling processes. In the coatings and adhesives field, we will promote local innovation and global collaboration, launching low-carbon innovative coating and adhesive solutions covering multiple product lines and technology systems, helping value chain partners achieve "near-zero emission" goals and promoting win-win development.