Phthalocyanine pigments are one of the most widely used organic pigments which find their extensive utilization in the various industries including textile, paper, plastic, etc. Phthalocyanine possess intense blue-green color and also form coordination complex with almost all elements of the periodic table, which are further used as pigments or dyes. Apart from its usage as pigments, Phthalocyanine have also been examined for its use as catalysts for redox reaction.
The Phthalocyanine pigments belong to the Azo Phthalocyanine groups and possess excellent dispersion and rheological characteristics. Due to this, they are highly recommended for superior quality printing inks with good gloss and tone.
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Historically, the first Phthalocyanine pigment was produced serendipitously when Swiss researchers attempted to convert o–dibromobenzene into phthalonitrile. Now, owing to their superior physical and color properties, Phthalocyanine pigments have been in use for multiple uses across the globe. Copper Phthalocyanines are the most popular Phthalocyanine pigments due to its special coloristic and technical qualities which provide excellent color strength, transparency, dispersibility, and flow properties.
Phthalocyanine Pigments Market: Dynamics
The global paints and coatings industry can be considered as the umbrella market for Phthalocyanine pigments. They find their utilization in a vast area of applications including, plastic, marine, construction, industrial equipment, and what not! The construction industry growth and high rate of urbanization are expected to affect the Phthalocyanine pigments market proportionately. The market for Phthalocyanine pigments is equally affected by the industrial as well as consumer demand pattern.
The industrial growth, urbanization growth, high standard of living and growing interest of customers to depict architectural touch in buildings has led to the increasing demand of fine quality paints and coatings. The demand from industrial and general consumers has found to be shifted towards highly resilient paints and coatings with a modern taste of estheticism. This change in demand pattern is also propelling the utilization of Phthalocyanine pigments in a number of applications.
Phthalocyanine Pigments Market: Regional Outlook
Asia Pacific region, owing to its vast consumer base and increasing industrial application, is expected to represent a significant market share in the global Phthalocyanine pigments market. China and India are anticipated to remain key consumers as well as supplier of Phthalocyanine pigments over the coming years. Average growth is expected from the relatively mature markets of North America and Western Europe, however, Middle East and Africa and Latin America are expected to provide good signs of growth over the forecast period.
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Important Questions Answered in the Phthalocyanine PigmentsMarket Report
- How will the Phthalocyanine Pigmentsmarket expand through 2032?
- Which region is the most lucrative in the Phthalocyanine Pigmentsmarket?
- What are the recent technological developments in the Phthalocyanine Pigmentsmarket?
- What are key challenges and competition threats faced by Phthalocyanine Pigmentsmarket players?
- Who are prominent players leading the Phthalocyanine Pigmentsmarket?
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Phthalocyanine Pigmentsmarket
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Phthalocyanine Pigmentsmarket
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