Demand for pigments grows by 3.9% year-on-year China accounts for 2/5 of global demand

Recently, a new study by Freedonia Group, an industrial market research company in the United States, showed that the global demand for dyes and organic pigments is expected to grow at a rate of 3.9% per year and will increase to 16.2 billion U.S. dollars by 2013. Volume demand will increase to 3.5 million tons at an annual rate of 3.5%. The textile industry will remain the largest consumer of dyes and organic pigments, but the demand for other markets such as inks, paint coatings, plastics, etc. is growing rapidly. In developing regions such as Asia, Africa, Middle East and Eastern Europe, it is expected that there will be more profitable space. Markets in North America, Western Europe and Japan will be limited due to their high maturity.

According to the person in charge of the Freedonia Group, "In the past 10 years, we can see this trend, from 37% of market share in 1998 to estimated half of global total demand in 2013. The Asia-Pacific region is experiencing the most market for dyes and organic pigments. Strong growth: China is clearly the world’s largest and fastest growing single consumer market.The growth rate of the Indian market is also very fast, but the demand level is still lower than China.The Chinese market is expected to account for global demand for dyes and organic pigments in 2013 2/5 of the."

The company's research results show that while dyes will continue to represent the largest share of the overall market both in capacity and value, the growth in dye demand will lag behind organic pigments. Among the different types of dye products, dispersant dyes are expected to be the fastest growing demand due to their application in the rapidly growing polyester fiber industry. The use of organic pigments in inks and coatings has increased significantly due to their ability to provide long lasting luster. As the end customer's requirements for pigment performance increase, the application prospects of high performance products such as quinoline are expected to be optimal. As professional pigment grades will provide better environmental adaptability and performance, traditional grade pigments will still dominate the organic market.