Phthalocyanine Pigments Market Size, Share, Growth, and Industry Analysis, By Type (Blue, Green, Others) By Application (Direct Channel, Distribution Channel) Regional Forecast From 2025 To 2034

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PHTHALOCYANINE PIGMENTS MARKET OVERVIEW

The global Phthalocyanine Pigments Market size stood at USD 2.27 billion in 2025, growing further to USD 3.86 billion by 2034 at an estimated CAGR of 6.07% from 2025 to 2034.

The United States Phthalocyanine Pigments Market size is projected at USD 0.76863 billion in 2025, the Europe Phthalocyanine Pigments Market size is projected at USD 0.58726 billion in 2025, and the China Phthalocyanine Pigments Market size is projected at USD 0.60633 billion in 2025.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre- pandemic levels once the pandemic is over.

The manufacturing, marketing, and distribution of phthalocyanine pigments are all activities carried out by a global industry known as the "phthalocyanine pigments market." The color of inks, coatings, plastics, textiles, and other materials is often achieved with phthalocyanine pigments, a class of synthetic organic pigments that are widely employed in a variety of applications.

These pigments are renowned for their outstanding color consistency, great stability, and resistance to weathering, heat, light, chemicals, and light. They provide vivid blue, green, and other color tones, which makes them very sought-after in various sectors.

As a result of their broad application across several industries, phthalocyanine pigments have seen consistent expansion throughout the years. Printing ink, paints & coatings, polymers, and textiles are among of the sectors that predominantly fuel the need for these pigments. The market has grown as a result of increased demand for long-lasting and high-quality colorants in emerging economies as well as rising consumption of these pigments in those countries.

KEY FINDINGS

COVID-19 IMPACT

Shift in End- User Industries to Challenge the Market Demands

The pandemic-related downturn in the economy led to a drop in demand for a variety of goods, including pigments. Phthalocyanine pigment demand decreased as a result of the downturn in key Phthalocyanine pigment users including the automotive, building, and textile industries. The COVID-19 virus had a big influence on several industries, such the textile and automobile sectors. Particularly in the car sector, supply networks were disrupted, consumer spending fell, and manufacturing was halted. This has a negative impact on the market for phthalocyanine pigments used in automobile paints and coatings. Similar to the garment and fashion sector, which employs pigments for dyeing and printing purposes, the textile industry also saw a drop in demand.

LATEST TRENDS

Printing, Painting and Coating Industry to Augment the Market Growth

The manufacturing of printing inks, which are widely utilized in packaging, publishing, and other printing applications, makes substantial use of phthalocyanine pigments. The demand for phthalocyanine pigments is strongly impacted by the expansion of the printing inks sector. Because they can produce vibrant colors and have exceptional resistance qualities, phthalocyanine pigments are used in paints and coatings. The demand for paints and coatings is driven by the expansion of the construction and automotive industries, among other things. This has an impact on the market for phthalocyanine pigments. PVC, polyolefins, and engineering plastics may all be colored using phthalocyanine pigments. The market for phthalocyanine pigments is being driven by the rising demand for colored plastics in a variety of applications, including packaging, consumer products, and automotive components.

• Functional applications rising: Review literature records dozens of new research publications (past 5 years) applying phthalocyanines in photonic and electronic devices.

• Large production footprint: Historical production estimates showed ~57,000 tonnes (historical benchmark) and more recent consumption estimates reach ~80,000 tonnes (2022) for phthalocyanine blues — showing sustained large-scale demand.

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PHTHALOCYANINE PIGMENTS MARKET SEGMENTATION

By Type Analysis

By type, market is segmented into metal phthalocyanine pigments and metal free phthalocyanine pigments. The metal phthalocyanine pigments type segment will dominate the market in the coming years.

By Application Analysis

Based on applications, the market is classified into printing inks, paints & coating, plastics and others. The printing inks segment will lead the global share through 2032.

DRIVING FACTORS

Shift Towards Environmentally Friendly Pigments to Push the Market

In addition to having outstanding color stability, phthalocyanine pigments also have a high tinting strength, strong lightfastness, heat resistance, chemical stability, and durability. For applications like automobile coatings and architectural paints, where color retention and durability are crucial, these qualities make them very attractive. Comparatively speaking to other organic pigments, phthalocyanine pigments are frequently thought of as ecologically beneficial. They adhere to legal requirements, contain little heavy metal, and pose fewer risks to the environment and public health. Due to this factor, phthalocyanine pigments are becoming increasingly preferred over competing materials, which has increased market demand for them.

Increasing Infrastructure Development to Boost the Market Demands

The demand for modernization, urban development, and building activities are driving the enormous rise of the global infrastructure industry. Phthalocyanine pigments are frequently used in building supplies including paints, varnishes, and concrete. The demand for phthalocyanine pigments is influenced by the increase in infrastructure development projects, especially in emerging nations. The creation of novel goods and procedures in the pigments sector is a result of technological breakthroughs. The performance properties of phthalocyanine pigments, such as enhanced dispersion, compatibility, and application diversity, are being improved by manufacturers via ongoing research and development efforts. By extending the spectrum of applications and creating new opportunities, these developments fuel market expansion.

• Coatings demand: Industry analysts cite coatings/plastics as primary end-users, accounting for tens of thousands of tonnes of phthalocyanine pigment consumption annually.

• Raw-material availability & prices: Key raw materials experienced step changes in historic pricing — e.g., phthalic anhydride moved from ~6,100 RMB/ton to ~9,000 RMB/ton across a reported period, affecting input cost dynamics.

RESTRAINING FACTORS

Volatility in Raw Material Prices to Slow the Market Growth

Alternative pigments including organic, inorganic, and high-performance pigments compete for customers' business in the phthalocyanine pigments market. The market growth may be constrained by the replacement of phthalocyanine pigments by these alternatives, which may have comparable or superior characteristics. Raw ingredients like phthalic anhydride, copper, and derivatives of chlorine that are needed in the manufacture of phthalocyanine pigments can be expensive and not always readily available. The profitability of pigment makers can be impacted by volatile raw material prices, which can also provide problems for the market.

• Regulatory testing bands: Under EU REACH, several phthalocyanine substances are reported at ≥100 tonnes/year tonnage bands, triggering higher regulatory obligations.

• Data gaps in safety dossiers: The German Federal Institute for Risk Assessment (BfR) noted available safety data for Pigment Blue 15:3 and Pigment Green 7 are incomplete, recommending improved datasets — a constraint for unrestricted market access.

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PHTHALOCYANINE PIGMENTS MARKET REGIONAL INSIGHTS

North American Market to Grow Exponentially with the Forecasted Period

A large consumer of phthalocyanine pigments is the North American area, which includes the United States and Canada. The market is being propelled by an increase in demand for these pigments in the paints and coatings sector, particularly for use in construction and automotive applications. The region also boasts a thriving chemical sector, which contributes to the expansion of the market.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

• CQV: CQV manufactures effect pigments (pearlescent/metallic lines) and operates as an established supplier with multi-product portfolios in effect pigments.

• Jiangsu Mcolor Chem: Built a standardized production base in coastal Jiangsu in 2008 and reports having an established phthalocyanine production facility since then.

List of Top Phthalocyanine Pigments Companies

• CQV
• Jiangsu Mcolor Chem
• Lanxess
• Kolorjet
• Ganesh Group
• Narayan Group
• Vibfast
• Eckart
• Yuhong New Plastic
• BASF
• Krimasil

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.