The downstream demand for water-based colorants continues to rise, and the industry has huge development potential

Color paste is a pigment concentrate made from pigments or pigments and fillers after processing. There are many types of color pastes, including water-based color pastes made with water as the solvent, oil-based color pastes with lip glaze as the solvent, resin color pastes with resin paint as the solvent, etc. Compared with toner, color paste has the advantages of less dust pollution, less discharge of colored wastewater, good light resistance, high gloss and good color.

Water-based color paste is one of the most important types of color paste. It is divided into high pigment content without resin and low pigment content with resin. It is widely used in architectural coatings, textile printing and dyeing, industrial coatings, leather dyeing, latex product coloring, and papermaking. Printing and other fields.

The upstream of the water-based color paste industry chain includes raw materials such as pigments, additives, solvent oils, and packaging materials; the mid-stream includes water-based color paste production; and the downstream includes application scenarios such as coatings, papermaking, printing, leather, latex, textiles, and inks.

According to the “China Water-based Colorant Industry Market Monitoring and Future Development Prospects Research Report 2023-2027” released by the Industrial Research Center , analyzing from the upstream of the industrial chain, my country has sufficient raw materials for the upstream production of water-based colorants. my country is the world’s largest pigment producer and the largest exporter of organic pigments; in 2022, my country’s production capacity of ordinary solvent oil will exceed 3 million tons, with annual output reaching 810,000 tons.

From the analysis of the middle reaches of the industrial chain, my country’s water-based colorants are developing rapidly. Judging from the data from 2018 to 2022, the scale of my country’s water-based color paste market continues to grow, with a compound annual growth rate of 7.8%. The market size in 2022 will be 5 billion yuan, a year-on-year increase of 8.7%; the annual compound growth rate of the water-based color paste industry’s output is 5.4%, the output in 2022 will be 370,000 tons, a year-on-year increase of 5.7%; the demand for water-based colorants has a compound annual growth rate of 4.5%, and the demand in 2022 will be 310,000 tons, a year-on-year increase of 3.3%.

From the downstream analysis of the industry chain, architectural coatings are the largest application field of water-based color pastes. With the continuous deepening of the 14th Five-Year Plan process, domestic infrastructure continues to improve, and the urbanization rate continues to increase. The construction industry has continued demand for water-based color paste coatings. increase. Textile printing and dyeing is the second largest application field of water-based color paste. It is widely used in table hand printing, non-woven printing, rotary screen printing, glue printing, flocking printing, garment dyeing/pad dyeing and other fields. With the As domestic coloring technology continues to mature, the demand for water-based colorants in textile printing and dyeing is increasing. The coloring of latex products is the third largest application field of water-based colorants. Water-based colorants are required for coloring balloons, latex gloves, etc. As the scale of the domestic latex product market continues to expand, water-based colorants have great development potential.

From the perspective of enterprises, Suzhou Shiming Technology, Shanghai Laoan Paint, Xingtai Hengji New Materials, Guangzhou Kedi Color, Shenzhen Xue’s Color, Shanghai Silian Industrial, Weifang Ruiguang Chemical, etc. are the leading enterprises in the domestic water-based color paste industry. Industry analysts said that under the dual-carbon background, water-based color pastes that do not contain harmful substances such as heavy metals and formaldehyde, rely on their environmental protection performance It stands out among color pastes and has broad market prospects. However, the high surface tension of water-based color pastes requires high defoaming process. Enterprises with more sophisticated production processes will be more competitive.