Sarasota, FL -- (SBWIRE) -- 06/05/2018 -- Global Phthalocyanine Blue Market: Overview

The alternative names for the phthalocyanine blue are phthalo blue or monastral blue. It is mainly used as a pigment. Owing to its bright blue color it is widely being used in the paints and dyes. It is very helpful owing to its advanced qualities such as tinting strength, resistance, light fastness, and the ability to cover up the effects of the acids and alkalies. It does not dissolve in water and various other solvents. It is on the crystal modification that the tint of the blue shade of the phthalocyanine blue depends upon.

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Global Phthalocyanine Blue Market: Segmentation

The global market for the phthalocyanine blue is fragmented into its usage and end-user industry. On the basis of the usage, the global market is segregated into photovoltaics, research and development, inks, and quantum computing. On the basis of end-user industry, the market is categorized into solar cell and paints and pigments.

Global Phthalocyanine Blue Market: Growth Factors

For the redox reactions the phthalocyanine blue acts as a catalyst. The phthalocyanine blue is used for the gas stream's sweetening by the elimination of the hydrogen sulfide and is also used for the reduction reaction. It is a pigment that is generally used in the packaging and the printing industry. The phthalocyanine blue pigment is highly stable and does not get mixed in the material. These dyes are used widely in several stages of the dyeing textile and in the paper industry for spin dyeing. In the organic cell research, phthalocyanine blue acts as a significant ingredient. In the fine film solar cells, the phthalocyanine blue is used effectively owing to the high stability and uniform growth. The phthalocyanine blue is used in the glazing techniques owing to its transparent staining color. The factor that is restraining the growth of the phthalocyanine blue market is that there are proofs that if at the stage when the embryos are developing if the person is exposed to phthalocyanine blue causes birth defects owing to the copper depletion.

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Global Phthalocyanine Blue Market: Regional Analysis

According to the regional study, the global market for the phthalocyanine blue is diversified into Eastern Europe, North America, Asia Pacific, Latin America, Western Europe, and the Middle East and Africa. The phthalocyanine blue market is dominated by North America. The factor that contributes to the market growth is the rise in the awareness of the manufacturers regarding the changing preferences of the consumers. The market is having a significant growth in Asia Pacific region owing to the developing end-use industries such as pharmaceutical, paints, and others. The market players are also making investments in the research and development of the phthalocyanine blue, thus fueling the market growth in this region.

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Global Phthalocyanine Blue Market: Competitive Players

The key market players that are involved in the phthalocyanine blue market include Nanavati Group, Kesar Petroproducts Ltd., and Kolorjet Chemicals.

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