The global pigment industry produces hundreds of colorants, extenders and functional pigments for a wide range of industrial and consumer markets. The export of organic pigments is printing ink, followed by coatings and plastics. The fast-growing industries are expected to be coatings and plastics, especially in Asia. From 2017 to 2022, the global consumption of organic pigments is expected to increase by 2-3% per year.
globally, printing inks account for about half of the total demand, coatings account for about a quarter, and plastics and other industries such as textiles account for the rest. Due to competition from the Internet, the printing market for newsprint and periodical publishing has declined, but the demand for printing ink for packaging remains strong. Due to the need for product differentiation caused by the high competition in the food, beverage and consumer goods industries, the importance of aesthetics in packaging has increased.
the coating market is mainly OEM coatings for automobiles. After reaching the bottom in 2009, the global automobile production began to rise again in 2010, with an annual growth rate of about 4% from 2010 to 14 and 3% from 2014 to 17. The consumption of coatings, especially organic pigments, increases at a similar rate. Other paint markets include automotive touch up paint, architectural paint and traffic paint. The plastics market is also expected to grow, especially due to increased demand for automotive applications.