As per this study, the Global Phthalocyanine Pigments Market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of XX%.
Phthalocyanine pigment refers to crystalline bright blue-green colored pigment synthesized from phthalocyanine. It is extensively used in textile, paints, inks, dye, and others to impart blue color. It is a permanent pigment and remains unaffected when exposed to heat, light and certain chemicals. It is used in high-quality inks and coatings owing to its superior dispersion, lightfast, and resistant to clumping. In addition to this, it is also used as a catalyst in redox reduction.
Market Dynamics
Rising demand of paints and coating from end-use industries is driving the market growth. Growing demand of phthalocyanine pigment owing to superior dispersion, resistant to heat, light, chemicals and extremely lightfast properties is fueling the market growth. Additionally, booming construction and automotive sector in emerging economies such as China and India is presumed to foster the market growth during the forecast period. Ongoing urbanization, industrialization coupled with rise in the standard of living of potential consumer results in high demand of high-quality paints and coatings. This, in turn, is boosting market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of phthalocyanine pigments.
Market Segmentation
The broad phthalocyanine pigments market has been sub-grouped into classification, application and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Metal Phthalocyanine Pigments
- Metal Free Phthalocyanine Pigments
By Sub-Type
- Copper
- Zinc
- Aluminum
- Others
By Application
- Printing Inks
- Paints & Coatings
- Plastics
- Textiles
- Rubber
- Electronics
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for phthalocyanine pigments in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Phthalocyanine Pigments Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the phthalocyanine pigments market include BASF, Clariant International, DIC, Yabang, Eckart, Lynwon, Meghmani Organics Limited, North American Chemical, Shuangle, Jeco Group, Riverside Industries Ltd, Heubach, Sudarshan, Jiangsu Mcolor Chem, Pidilite, Lily Group, Sanyo Color Works, Sunsing Chemical, NIRBHAY Rasayan, Mazda Colours, Jaysynth, Yuhong New Plastic, Vibfast, Ganesh Group, Krimasil, Narayan Organics, Alliance Organics, Kolorjet. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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