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 .
Key Topics Covered in the Report Overview of Global Chemical Industry Value Chain Analysis in China Pigments Market Cross Comparison of China Pigments Market with India Pigments Market China Pigments Market Size