The global demand for Ultramarine Pigments Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Ultramarine Pigment is the deep blue pigment produced by grinding lapis lazuli into a powder. It is the finest and most expensive pigment. It can also be produced synthetically. Synthetic ultramarine pigment is made up of sodium sulphate, clay, silica, sulfur and rosin calcined slowly at 750° C and cooled in a sealed furnace. Ultramarine pigments provide many benefits including high chromaticity, high transparency, excellent durability and are ideal for color correction. These pigments are also highly stable and environment friendly. Ultramarine pigments are widely used in paints, lacquers and decoratives including printing of paper hanging and calico etc.
Market Dynamics
The factor driving the demand for the global ultramarine pigment market is its increasing application in inks, paint, detergent, paper, rubber, plastic and home care industries. Ultramarine pigments are also used in several other products to enhance their finishing. Moreover, the use of these pigments in cosmetics and personal care is projected to boost the demand for the ultramarine pigment market in the upcoming years. On the other hand, manufacturers are getting involved in activities like mergers, collaborations, partnerships and joint ventures so that they can expand their influence in the ultramarine pigment market which eventually increases the growth rate of the ultramarine pigment market. The rising disposable income of people and developing industrialisation is also bringing expensive growth prospects for this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ultramarine pigments. The growth and trends of ultramarine pigments industry provide a holistic approach to this study.
Market Segmentation
This section of the ultramarine pigments market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Grade
- Laundry
- Industrial
- Cosmetics
By Application
- Rubber & Plastics
- Inks
- Paints & Coatings
- Paper
- Cosmetics & Personal Care
- Detergents
By Color
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Ultramarine Pigments market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Ultramarine Pigments Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ultramarine pigments market include Ferro Corporation, BASF SE, DIC Corporation, Venator Materials PLC, Ultramarine & Pigments Ltd, Lapis Lazuli Pigments Co., Ltd, Habich GmbH, R.S.Pigments, Dominion Colour Corporation, Ultramarines India ( P) Ltd, Hangzhou Han-Color Chemical Co. Ltd. (1/2), Yipin Pigments, Inc., Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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