Phthalocyanine Blue Market Insights, Forecast and Value Chain 2017 – 2027
Phthalocyanine Blue: Market Drivers
Approximately 25% of most artificial pigments are phthalocyanine derivatives Phthalocynanine Blue is a pigment that is insoluble in water and does not migrate in the material. Phthalocynanine Blue has been tested as a catalyst for redox reactions.Phthalocyanine Blue can used in oxygen reduction reaction and the sweetening of gas streams by removal of hydrogen sulfide.Phthalocyanine blue compounds are effectively used as donor materials in molecular electronics, like organic field-effect transistors. It is an important pigment used in the packaging and printing. Because of its stability, phthalo blue is also used in in coatings, inks and variety of plastics. The Phthalocyanine Blue pigment and does not mix in the material. Phythalocyanine Blue can be effectively used as pigment in packaging and the printing industry These dyes are widely used in different stages of dyeing textile ,in spin dyeing and in the paper industry.Phthaocyanine Blue has strong tinting strength and overpowers the solution to give out its color if mixed. It has a transparent color and is applied with glazing techniques. This compound is used to development quantum computing because its electrons exist for long periods of time in a state of quantum superposition. Phtalocynanine Blue is also an important ingredient in organic solar cell research. Phthalocyanine Blue can be effectively used in fine film solar cells because of its uniform growth and high stability. Phthalocyanine Blue can be made easily into thin film to be used in fabricating devices, which makes it effective to be used in quantum computing. It has a strong tint . Phthalocynanine Blue has a transparent staining color and can be applied using glazing techniques. There is evidence that exposure to phthalocynanine blue can cause grievous birth defects due to copper depletion in the case of developing embryos.
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Phthalocynanine Blue can be segmented by usage:
Research and Development
Phthalocynanine Blue can be segmented by industry:
Paints and Pigments
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Phthalocyanine Blue: Regional Outlook
Geographically the Phthalocyanine Blue Market can be segmented into Latin America, North America, Europe, Asia-Pacific (APAC) and the Middle East and Africa (MEA). Globally, the Phthalocyanine Blue Market is performing in a dynamic manner where food manufacturers and suppliers are evolving and working closely to meets the wide variety of demands from consumers. The Phthalocyanine Blue Market market in North America is in its peak. The consumers’ trends are changing in the region which is influenced by the growing retailers generating the attractive and likewise innovative sale formats. The retailers’ now-a-days keeps first-hand knowledge on preferences and purchase habits of the consumers which they transmit to the upper stream of manufacturers in the supply chain. This flow of generated information through retailers to the manufacturers call for the demand of Phthalocyanine Blue Market, since it a raw material for pigments and dyes. Thus, the phthalocyanine blue manufacturer has to strategize their business through consumer insights and responses and due to the regional shift in the demand for attractive paints and textiles. The APEJ phthalocyanine blue market is expected to grow at significant CAGR during the study period, owing to the growing end-use industry such as pharmaceuticals .Also, the large amount invested in research and development can lead to the increase in demand for phthalocyanine blue.
Phthalocyanine Blue: Key Players
Some of the prominent players in the Phthalocyanine Blue market are Kesar Petroproducts Ltd, Nanavati Group, Kolorjet Chemicals.
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