According to a new market report published by Lucintel, the future of the ultramarine pigment market looks promising with opportunities in the rubber and plastics, ink, paint and coating, paper, cosmetics and personal care, and detergent applications. The global ultramarine pigment market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are increase in the demand for consumer products such as personal care and home care and growth in the usage of ultramarine pigments for providing a distinctive finish on various applications.
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In this market, laundry, industrial, and cosmetic grades are the major grade type of ultramarine pigment. Lucintel forecasts that industrial grade will remain the largest segment over the forecast period.
Within this market, paint and coating will remain the largest segment by application over the forecast period as they possess a unique color, and are non-toxic and easily dispersible.
Asia Pacific will remain the largest region over the forecast period due to rise in disposable income and growing urbanization in various countries of the region.
Lapis Lazuli Pigments, Hangzhou Han-Color Chemical, Ferro, Ultramarine & Pigments, R.S.Pigments, Venator Materials, BASF, Yipin Pigments, Dominion Colour, and Ultramarines India are among the major suppliers in the global ultramarine pigment market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ultramarine pigment market by application, grade type, colour, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Ultramarine Pigment Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global ultramarine pigment market by application, grade type, colour, and region as follows:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Rubber and Plastic
Ink
Paint and Coating
Paper
Cosmetic and Personal Care
Detergents
By Grade Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Laundry
Industrial
Cosmetic
By Colour [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Italy
United Kingdom
German
France
China
India
South Korea
Japan
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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