Phthalocyanine Pigments Key Players and Production Information analysis with Forecast 2031

The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.

The report offers actionable and valuable market insights of Phthalocyanine Pigments. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Phthalocyanine Pigments Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Phthalocyanine Pigments market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Phthalocyanine Pigments

This newly published and insightful report sheds light on Market Insights of Phthalocyanine Pigments, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Phthalocyanine Pigments Market.

Estimated to reach a value pool of near US$ 4.5 Bn by the end of the forecast period (2019-2027), the organic pigments market is trending towards high-performance pigments in paints & coatings and plastic industries. The shift from heavy, metal-based, inorganic pigments will continue to benefit organic pigments market growth. These pigments have a better environmental profile than inorganic pigments and have more vivid colors particularly in printing inks.

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Continuous advances in the organic pigments market are expected to be powered by an increasing need for enhanced aesthetics in product packaging for better marketing. As a result, production of advertising and packaging leaflets will propel demand growth of organic pigments in the near future. A surge in construction spending with escalating demand for decorative coatings in the construction sector will positively affect the growth of organic pigments market.

Key Takeaways of Organic Pigments Market Study

• China is the leading producer of organic pigments and remains the global supplier of red and yellow, azo-based pigments. The country is expected to witness modest growth of over 4% CAGR in the long term forecast
• Japan continues on a downward trend as the market has become globalized and gross margins have been squeezed, leading to plant shutdowns and restructuring
• Overall growth of North America and Europe is expected to be near 2% per year owing to high competition from electronic media and devices
• Globally, printing inks account for about half of the total demand on a volume basis and are anticipated to record significant growth boosted by the greater use of organic pigments in visual effects and others applications
• Azo based pigments account for nearly 50% demand share in the global market and are anticipated to grow at a CAGR of 2.2%
• The trend toward more expensive pigments escalates the growth of high performance pigments by 1.4x, HPPs segment is poised to retain higher profit margin while azo and phthalocyanine pigment characterize a lower margin

 “Growing demand for new colors and visual effects create opportunities in plastic and paints & coating industry. Increasing use of HPPs are shifting demand from heavy, metal-based pigments to organic pigments” says the Fact.MR analyst

High Performance Pigments to Give Stakeholders a Competitive Edge

Global organic pigments market is moderately consolidated in nature with key players such as BASF SE, Clariant AG, DIC Corporation, Heubach GmbH and others. Manufacturers are actively developing a wide range of high performance environmentally friendly alternative owing to a shift from heavy, metal-based pigments. Recently Sun Chemical has also introduced high-performance pigments for heavy metal replacement, including both Fanchon Yellow 184 (bismuth vanadate) and Yellow 138 for green shade yellows.

Global Organic Pigments Market: In-Depth Assessment on Key Segments

The global organic pigments market is segmented on the basis of type, application and region.

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More Valuable Insights on Phthalocyanine Pigments Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Phthalocyanine Pigments, Sales and Demand of Phthalocyanine Pigments, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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