Survival logic under the promotion of concentration
Competition pattern
Head integration: the share of the top five brands rose from 31% to 39%, and barriers were built through vertical integration (raw materials-production-channels);
Small and medium-sized breakthrough: focus on sub-sectors (such as detachable environmental protection tables and children's function tables), and achieve 12-15% niche market share by relying on private sector operations.
Core risk
Cost pressure: the price of black walnut in North America increases by 12-15%, and the cost of water-based paint technology increases by 8-10%;
Policy compliance: EU carbon tariffs will increase export prices by 5-7 percentage points, and the new VOCs emission regulations will eliminate 20% of production capacity.