The Effect of Coating Ink on the Development of Organic Pigments in China

With the rapid growth of related industries such as printing, coating, plastics, and fibers at home and abroad, the development of China's organic pigment industry has been greatly promoted. According to statistics, in 2003, the total output of organic pigments in China was 127,000 tons, an increase of 32.4% year-on-year. China's organic pigment production has already accounted for 40% of the world's total output. Since 2001, the annual growth rate of organic pigment production in China has been 21.35%. In 2003, China exported 86,000 tons of organic pigments (including paint printing pastes and masterbatches, etc.), an increase of 4.45% year-on-year, and foreign exchange earnings from exports increased by 18.83% year-on-year. In the past three years, China's organic pigment export trade has grown at an average annual rate of 8.24%.

After entering 2004, the domestic organic pigment industry is also affected by power shortages, raw material price increases (generally more than 1 times), and transportation price increases (about 50% or more), but after the joint efforts of the entire industry, China's organic pigment industry It still maintains a rapid growth rate and the major economic indicators are completed better. According to statistics, in 2004, China's organic pigment output was 143,600 tons, an increase of 13.3% over the same period of last year. In 2004, the export of organic pigments was 106,000 tons (Excluding total pigments such as paint printing paste and masterbatch in export volume, organic pigments are expected. Exports about 60,000 tons). Compared with the same period of last year, it increased by 23.7% to earn 438 million U.S. dollars, and the amount of foreign exchange increased by 26.2% over the same period of last year. There are seven provinces and cities with large export volume of organic pigments and foreign exchange earned in China. They are Shanghai, Jiangsu, Zhejiang, Guangdong, Tianjin, Shandong, and Hebei. In the first half of 2004, China imported 32,800 tons of organic pigments, which was 2.9% lower than the same period of last year, and the foreign exchange exchange volume was 168.36 million US dollars, an increase of 15.1% year-on-year.

One of the main reasons for the rapid growth of organic pigments in China is the rapid development of related industries and the rapid increase in the demand for organic pigments, which has stimulated the development of the organic pigment industry. In recent years, the domestic and foreign ink market demand has maintained a relatively rapid growth. Paper and paperboard are the most commonly used substrates for printing. Due to the great progress of the printing industry, the consumption of paper and paperboard in China has been ranked second in the world since 1992, second only to the United States. In response to this, in 2001 and 2002, China’s ink consumption was 220,000 tons and 241,100 tons, respectively. The year-on-year increase of 10.05% in 2002. In 2002, due to the sustained and rapid development of China's publishing and printing industry and rapid progress, the demand for ink in the domestic market has increased significantly, resulting in a large gap in the supply of domestic ink market, resulting in China's 2002 ink imports increased by 28% year-on-year.

According to the ink industry's forecast, by the end of 2005, the annual consumption of ink in China will reach 300,000 tons. However, the per capita consumption of ink is still less than twenty-fourths of the world's top three average levels. The per capita consumption of printed materials is still less than one-twentieth of that in developed countries. Per capita consumption of paper and paperboard is still less than that of the United States. one third. This shows that China's ink market has great potential for development and its market prospects are very broad. Printing and packaging inks account for more than 60% of the demand for organic pigments. In recent years, the growth rate of inks in the world has been maintained at 5 to 6% per year. At present, the world's ink production has reached 3 million tons. In recent years, the growth rate of China’s ink production has remained at more than 10%, and it currently exceeds 200,000 tons. According to ink industry forecasts: In the next two years, China's ink production will reach 300,000 tons/year. Plastics, coatings and other polymer-related industries also have growth rates of over 5%. Therefore, the market potential of organic pigments is still large. In summary, with the rapid growth of related industries such as textile printing, printing inks, paints, plastics and other polymers in recent years, the development of the dye industry has been greatly promoted. The dye industry in China has made considerable progress. The next step is to focus on adjusting the product structure, developing high-performance dyes, increasing the added value of products, and increasing economic efficiency. At the same time, we constantly carry out technological transformation of traditional dyes and improve quality. Make the overall level of China's dye industry a new level.

Source: China Packaging Business Network