Market Size of India Prussian Blue Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 1.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Prussian Blue Market Analysis
The market for Prussian Blue in India is expected to grow at a CAGR of more than 1% during the forecast period. Major factors driving the market studied are increasing demand for decorative paints from the construction sector and the product's cheap and non-toxic nature. On the flipside, COVID-19's impact on the economy, is the major restraint, which is expected to hinder the growth of market.
- Increasing usage in battery applications is expected to offer various lucrative opportunities for the growth of market.
- By application, paints segment is expected to dominate the market owing to the increasing usage of prussian blue pigments in decorative paints industry.
- By state, Maharashtra is estimated to account for the largest share.
