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Phthalocyanine Pigments Market Share

Report ID: GMI4154
Published Date: Aug 2023
Report Format: PDF

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Phthalocyanine Pigments Market Share

Some of the major industry players operating in the Phthalocyanine pigments market are :

BASF SE
Clariant
DIC Corporation
Huntsman Corporation
LANXESS AG
Heubach GmbH
Jeco Pigment USA Inc.
Sudarshan Chemical Industries Ltd.
Meghmani Pigments
Vibfast Pigments Pvt. Ltd.
Trust Chem Co. Ltd.
Sanyo Color Works Ltd.
Nubiola Group
Sensient Technologies Corporation
Ferro Corporation

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for phthalocyanine pigments was valued at around USD 27.8 billion in 2022 and is estimated to surpass USD 49 billion by 2032, owing to the product’s intense and vibrant colors that drives it demand in paints & coatings as well as printing ink sectors.

Blue segment held a majority market value of USD 13.7 billion in 2022. The blue color is commonly used in architectural coatings, automotive finishes, and industrial coatings, driving demand for blue phthalocyanine pigments.

U.S. phthalocyanine pigments market accounted for a revenue of USD 5.7 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032, backed by the demand for architectural coatings from the construction of residential, commercial, and industrial structures.

Sudarshan Chemical Industries Ltd., Meghmani Pigments, Vibfast Pigments Pvt. Ltd., Trust Chem Co. Ltd., Sanyo Color Works Ltd., Nubiola Group, Sensient Technologies Corporation, Ferro Corporation among others.