China Organic Pigments Market is Expected to Reach USD 6.3 billion by 2022: Ken Research

• China pigments market has witnessed a growing preference for organic and high performance pigments. The average production capacity of organic manufacturers is 1.8-2.5 million tons per household. From the perspective of production capacity, as of 2016, the production capacity of the top 15 companies has occupied more than half of China's organic pigment production capacity implying industry movement towards consolidation.
• The market is dominated by low-grade and primary inorganic pigments. Among them, titanium dioxide and iron oxide account for the largest proportion, and they are used as environmental-friendly colored inorganic pigments.

China pigment market revenue is expected to increase on the back of growing end-user demand including paints & coatings, plastics, printing inks, construction and others. The inorganic pigments will continue to occupy the larger share in the overall revenue generated by China pigments market in 2022 driven by capacity expansion strategies implemented by major players and development of process technology to increase supply chain and distribution efficiency. For instance, Lomon Billions plans to undertake organic expansion by increasing its production capacity to 1.3 million tons by mid 2020. Within the organic pigments market, currrently azo pigments dominate the market but high-performance, environment-friendly organic pigments will witness greater demand in future. Compared with traditional azo organic pigments, high-performance organic pigments exhibit superior physical and chemical properties which not only have the advantage of brighter color than conventional azo pigments but also meet high-grade coatings, inks, plastics. The demand for higher performances in terms of light resistance, heat resistance, and solvent resistance has led to the development of organic pigments.
As the national environmental protection policy continues to tighten and competition between pigment companies intensifies, small businesses will find it hard to afford the resulting cost pressures, backwardness and small-scale production capacity and will gradually withdraw.

The organized sector will be characterized by increasing adoption of technology, rise in prices, and increase production of high end pigments. Future technology trends include developments of organic nanopigment, refrigerant pigments, solid colour pigments, and high-performance bio-based pigments. The industry structure will be further optimized.

Despite the challenges, the development of pigment industry coupled with technology innovation, management, improvement in the ability to provide good conditions for the sustained growth will propel the market revenue. In addition, as people's living standards improve, domestic demand for automobiles will grow further. Therefore, the next few years the pigment industry sales will continue to maintain steady growth.

Analysts at Ken Research in their latest publication “China Pigments Market Outlook to 2022 - By Applications (Paints & Coatings, Plastics, Printing Inks, Construction, Others), By Organic Pigments (Azo Yellow, Red, Blue, Orange; Phthalocyanine Blue and Green, HPP Red, Yellow and Orange), Inorganic Pigments (Titanium Oxide, Iron Oxide, Chrome Oxide, Others)” believe that increasing barriers to entry and industry concentration will create a positive impact on the market.

For More Information, Refer to the Link below:
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/china-organic-pigments-market/152236-101.html

Products Covered:
Organic Pigments (Azo Yellow, Red, Blue, Orange; Phthalocyanine Blue and Green, HPP Red, Yellow and Orange), Inorganic Pigments (Titanium Oxide, Iron Oxide, Chrome Oxide, Others), By Applications (Paints & Coatings, Plastics, Printing Inks, Construction, Others)

Companies Covered:
JECO Group, Jufa Pigments, Lomon Billions, Penglai Xinguang Pigment Chemical, Lilly Group, CNNC Huayuan Titanium Dioxide, Yabang Pigments, Zhejiang Huayuan Pigment Co., Ltd., Changzhou North American Chemical Group, Sunlour Pigment Co., Ltd., Yippin Pigments, Jiangsu Taibai Group Co. Ltd, Longkou Union Chemical Company, Wenzhou Jinyuan Chemiclas Co., Ltd, Hunan Guani Pigment Co., Ltd

Related Reports:
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/india-organic-pigment-market/149670-101.html

https://www.kenresearch.ae/metal-mining-and-chemicals/chemicals/china-dyes-market/151501-101.html

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/india-dyes-market/149540-101.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

This release was published on openPR.