Phthalocyanine
Pigments Market Update, Analysis, Forecast, 2019 – 2025

Global Market Insights, Inc
present the report on global phthalocyanine
pigments market evaluates the growth trends of the industry through
historical study and estimates future prospects based on comprehensive
research. The report extensively provides the market share, growth, trends and
forecasts for the period 2019-2025.

Phthalocyanine pigments market
size is increasing rapidly due to the growing demand from construction,
automotive and aerospace industry over the recent years. Rising demand of
paints & coating owing to increasing construction and infrastructure
activities in developing economies is the main factor that has boosted the
phthalocyanine pigments demand in future. Positive demand for coating and
painting applications in automotive & aerospace industry in order to
provide protection from various external factors will swell the product market
size. Phthalocyanine pigments form coordination complex with all elements and
can also further be used as dyes or pigments. The phthalocyanine pigments
possess exceptional dispersion, heat resistance and rheological
characteristics. Therefore, they are highly suggested for superior quality
printing inks with good tone and gloss. Additionally, rising demand of
phthalocyanine pigments for various textile and leather applications will
propel the product demand in the near future.

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The budding demand for
phthalocyanine pigments in recent years has grown, due to its rising usage in
plastic coatings, wood coatings, industrial inks, powder coatings and textile
applications. Moreover, phthalocyanine pigments also find applications in
photovoltaics, quantum computing, and ink manufacturing also its exceptional
chemical stability makes them suitable for plastic coloring applications.
Phthalocyanine pigments hold low solubility rate and is thermally stable which
makes it favorable for various marine applications. Phthalocyanine pigments do
not melt but then can be sublimed during the presence of inert gases.
Additionally, rising demand of phthalocyanine pigments from automotive &
aerospace industry for protective coating and safeguarding applications will
directly propel the global phthalocyanine pigments market demand over the
forecast period.

Based on classification,
phthalocyanine pigments are categorized into blue, green and other pigments.
Blue phthalocyanine pigment offers exceptional properties, that includes light
fastness, heat fastness, tinting strength and acid & alkali resistance with
no pigment migration. This pigment is widely used in various applications such
as coatings, paints and ink manufacturing.

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Based on application,
phthalocyanine pigments market share is categorized into plastic, paints &
coatings, ink, rubber, textile, leather and other application, which mainly includes
soap and detergents. Increasing demand from plastic, paints & coating
applications along with ink manufacturing will surge the product demand.
Moreover, growing demand of textile and leather-based applications will swell
the product market size in the near future.

Based on end-use sector,
phthalocyanine pigments are categorized into construction, automotive &
aerospace, packaging, textile, equipment and others, which mainly includes
marine. Growing demand from construction, automotive & aerospace industry
in addition to packaging applications will propel the product demand during the
projected timeframe.

Asia Pacific phthalocyanine
pigments market size is anticipated to grow with a substantial CAGR owing to
growth in infrastructural spending with respect to building & construction
activities to meet the requirements of mounting population in the region.
Increasing quality of living and disposable income in emerging economies India,
Indonesia and Malaysia are expected to drive the product market in the region.
Moreover, countries in the region are expanding economically with increasing
foreign investment in the region will surge the product market in the near
future. Growing automotive & aerospace industry owing to various government
favoring policies such as “Make in India” will swell the product demand for
various applications in the region.

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Major players in the
phthalocyanine pigments market share are BASF SE, ECKART GmbH, CPS Color AG,
Clariant International Ltd., Flint Group, Jagson Colorchem Ltd, Huntsman
Corporation, Kiri Industries Ltd., Unilex Colours & Chemicals Ltd, LANXESS
AG, Sinocolor Chemical, Rockwood Holdings Inc, Sudarshan Chemicals and Vibfast
Pigments Pvt. Ltd, etc.

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