Global Phthalocyanine Blue Market: Overview
The swelling consumption of plastics, textiles, and inks are favoring growth in the global phthalocyanine blue market. In the past few years, the global phthalocyanine blue market has recorded substantial growth and is expected to improve in the forthcoming years. The expanding range of applications and demand in plastics and paints is fueling growth in the market.
An upcoming Transparency Market Research report will throw insights into the prevailing and future trends in the global phthalocyanine blue market. It will provide details about the current market overview, key trends, challenges, opportunities, and the growth prospects for 2018-2026.
Global Phthalocyanine Blue Market: Drivers and Restraints
The product is widely used in paints, inks, and plastics. It is an insoluble material, and hence cannot migrate into the material. Furthermore, it is an excellent colorant and is known for its lightfastness- the property of fading away when exposed to light. Phthalocynaine blue does not fade away easily. These favorable properties of the dye make it highly important in various industries, thus augmenting demand in the global phthalocyanine blue market.
One of the major applications of the product is paints. The steep rise in infrastructure projects, especially in developing countries, is propelling the demand for paints. Furthermore, the growing demand for furniture and interior designing is also pushing growth in the global pthalocyanine blue market.
The most important area of application for phthalocyanine blue is ink. While many educational institutions might have migrated to digital learning, writing is still an integral part of education. This will inflate the demand for ink. Further, due to its phenomenal coloring property, the product is considered ideal for inks, escalating demand in the global phthalocyanine blue market.
Further, plastics is another area where the demand is developing for phthalocyanine blue. The swelling consumption of plastics in several industries ranging from automobiles to electronics will fuel demand for the product. These aspects are considered key for growth in the global phthalocyanine blue market.
However, reports on the harmful effects of phthalocyanine blue on the health of people are worrying for companies. But, technology has come to their rescue as they are increasingly investing on identifying methods to degrade effluents after use in the industries. This is predicted to maintain hope among players in the global phthalocyanine blue market.
Global Phthalocyanine Blue Market: Geographical Distribution
Geographically, North America is expected to dominate the global phthalocyanine blue market. The rising consumption of electronics, plastics, paints, and printing ink will support growth in this region. Europe, on the other hand, is expected to maintain its momentum and will remain significant for the global phthalocyanine blue market. Asia Pacific will be the target region for most players. The rising literacy levels and booming corporate sector will instill growth in the global phthalocyanine blue market.
Global Phthalocyanine Blue Market: Competitive Dynamics
The global phthalocyanine blue market is marked by the presence of several players. Some of them are Nanavati Group, Kolorject Chemicals, and Kesar Petroproducts Ltd. The efforts to identify innovative techniques to degrade industrial effluents are helping established players sustain in the global phthalocyanine blue market. Meanwhile, they are also adopting organic strategies like acquisitions and mergers with small and regional players.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.