Global Phthalocyanine Blue Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Usage;

Inks, Photovoltaics, Quantum Computing, and Research & Development.

By Industry;

Paints, Pigments and Solar Cell.

By End-User;

Automotive, Construction, Packaging, Consumer Goods, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn329329269 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Phthalocyanine Blue Market (USD Million), 2021 - 2031

In the year 2024, the Global Phthalocyanine Blue Market was valued at USD 54,401.38 million. The size of this market is expected to increase to USD 104,005.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.7%.

The global phthalocyanine blue market has been witnessing steady growth due to the increasing demand for vibrant, long-lasting blue pigments in various applications, including coatings, plastics, textiles, and printing inks. Phthalocyanine blue, a synthetic pigment derived from phthalocyanine, is known for its rich blue hue, excellent lightfastness, and chemical stability. These properties make it a preferred choice for a wide range of industries. In particular, the paint and coatings industry is a significant driver of the phthalocyanine blue market, as the demand for high-quality coatings, both for industrial and consumer use, continues to rise. The growing trend of automotive coatings, decorative paints, and architectural paints has fueled the consumption of phthalocyanine blue, as it offers durability, resistance to fading, and superior color consistency.

In addition to coatings, the phthalocyanine blue pigment is extensively used in plastics, textiles, and printing inks. The plastics industry, particularly in packaging, is seeing a surge in demand for colored plastics that offer both aesthetic appeal and functional properties such as UV protection and heat resistance. Phthalocyanine blue, with its vibrant color and stable properties, is widely adopted in the production of colored plastic items, ranging from packaging materials to household products. Similarly, the textile industry uses phthalocyanine blue for dyeing fabrics, as it provides a rich and uniform blue color. Additionally, the growing demand for high-quality printing inks, particularly in flexographic printing for packaging materials, has further supported the demand for phthalocyanine blue pigments.

Geographically, the Asia-Pacific region dominates the phthalocyanine blue market, driven by the rapid industrialization and urbanization in countries such as China, India, and Japan. These countries are home to some of the largest manufacturing hubs for coatings, plastics, and textiles, which are the primary consumers of phthalocyanine blue. Furthermore, increasing infrastructure development and urbanization in emerging economies have led to a higher demand for paints and coatings, further boosting the market. North America and Europe also contribute significantly to the phthalocyanine blue market, particularly in high-end applications like automotive coatings and specialty inks. As demand for high-performance pigments grows in these regions, the market for phthalocyanine blue is expected to continue its expansion, driven by both industrial and consumer demand for vibrant, durable, and eco-friendly pigments.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Usage
    2. Market Snapshot, By Industry
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Phthalocyanine Blue Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for High-Performance Pigments in Coatings and Paints
        2. Increasing Use of Phthalocyanine Blue in Plastics, Textiles, and Printing Inks
        3. Expansion of the Automotive and Architectural Coating Industries
        4. Rising Preference for Long-Lasting and Vibrant Pigments
        5. Technological Advancements in Pigment Production
      2. Restraints
        1. Environmental Concerns and Regulatory Challenges
        2. High Production Costs of Phthalocyanine Blue Pigments
        3. Availability of Substitutes in Some Applications
        4. Price Fluctuations in Raw Materials

      3. Opportunities
        1. Growing Demand for Eco-Friendly and Sustainable Pigments
        2. Emerging Markets and Industrial Growth in Asia-Pacific
        3. Expansion of Phthalocyanine Blue Applications in Specialty Inks and Packaging
        4. Innovations in Pigment Manufacturing for Enhanced Color Quality and Stability
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Phthalocyanine Blue Market, By Usage, 2021 - 2031 (USD Million)
      1. Inks
      2. Photovoltaics
      3. Quantum Computing
      4. Research & Development
    2. Global Phthalocyanine Blue Market, By Industry, 2021 - 2031 (USD Million)
      1. Paints
      2. Pigments
      3. Solar Cell
    3. Global Phthalocyanine Blue Market, By End-User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Construction
      3. Packaging
      4. Consumer Goods
      5. Others
    4. Global Phthalocyanine Blue Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE

      2. DIC Corporation

      3. Clariant International Ltd

      4. Sun Chemical Corporation

      5. Heubach GmbH

      6. Eckart GmbH

      7. Lansco Colors

      8. Ferro Corporation

      9. Kronos Worldwide Inc

  7. Analyst Views
  8. Future Outlook of the Market