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Follow on Google News | China Pigments Market Outlook to 2022: Ken ResearchBy: Ken Research.com China Pigments Market Size The China pigment industry has witnessed a positive CAGR over the review period 2012-2017 owing to high usage of pigments in several end-user industries such as paints and coatings, plastics and construction. In China, best selling inorganic pigments include carbon black pigment and titanium dioxide, which is majorly used in paints and process of plastics. With stricter environmental regulations more companies such as Jufa Pigment are focusing on research and development, production and sales of new environment- China Pigments Market Segmentation China pigment industry is dominated by organized players which focus on high performance pigments, and adoption of green methods of production. Since the products manufactured are exported to developed countries such as USA, UK and others, the manufacturers focus mainly on producing high quality pigments. The inorganic pigments have dominated China pigments industry with more than half of revenue share in the year 2017. Amongst the inorganic pigment segment, titanium oxide remains the most demand pigment type in China by revenues and is primarily used in paints and coatings industry whereas, pigments such as iron oxide, chrome oxide are also in demand. Organic pigments was majorly dominated by Azo pigments were observed to be on top by capturing more than half of the organic pigments market. Phthalocyanine pigments and high performance pigments were other important pigments. The paint and coatings segment dominated the China pigment industry. Applications such as plastics, printing inks and construction are other major end users. Comparative Landscape in China Pigments Market The pigment market is dominated by inorganic manufacturers but with the implementation of various environmental regulations, the market is moving towards production of high performance organic pigments. Major players in the industry have undertaken expansion strategies and undergone restructuring their supply chain processes to adapt to the environmental regulations and increased investment in sewage treatment plants. Major players such as Lily group have increased their production capacity due to increased demand from foreign countries and increase in demand from end users for high quality pigments. For instance, Lomon Billions plans to undertake organic expansion by increasing its production capacity to 1.3 million tons by mid 2020. Major competition parameters include product portfolio, quality, integrated manufacturing process, pricing, technology and end users served. Other major players in the market include Lomon Billions, Yabang pigments, Lily Group, JECO Group, and others. China Pigments Market Future Outlook and Projections The growth will be facilitated by growing investment in manufacturing process and product development in terms of color fastness, reduce fiber damage, reduce energy consumption, increase productivity and reduce environmental pollution. The growth of pigments sector in the future will be highly dependent upon the performance of end-user applications such as printing inks, paper, plastics, foodstuff and others. China pigments market is expected to register a positive growth rate growing at a CAGR of approximately 6.3% in the forecasted year 2017-2022E. The pigment market will witness increased investment in high performance organic pigments as major end users demand for high end pigments increase. 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 For More Information, Refer to the Link below: https://www.kenresearch.com/ Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 End
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