Ultramarine Pigments for Plastics Market is anticipated to grow at a CAGR of 4.0%. by the end of 2027

PRESS RELEASE

Published February 1, 2023

Ultramarine Pigments for Plastics Market

The market for Ultramarine Pigments for Plastics was valued at US$ 182.5 million in 2017 and is anticipated to grow to US$ 257.9 million by the end of 2026, at a CAGR of 4.0%. Between 2018 and 2026, it is predicted that the market for Ultramarine Pigments for Plastics would grow by 68.8 million dollars. The market for Ultramarine Pigments for Plastics is expected to grow in volume from 54,300 tonnes in 2017 to 70,109 tonnes by 2026, with a CAGR of 2.9% for the forecast period.

Inorganic pigments called Ultramarine Pigments for Plastics are used to give goods a unique gloss. Inks, detergents, paints and coatings, as well as rubber and plastics, all use Ultramarine Pigments for Plastics.

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Persistence Market Research delivers key insights on the global Ultramarine Pigments for Plastics market in its latest report titled ‘Ultramarine Pigments for Plastics Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2026.’ The long-term outlook on the global Ultramarine Pigments for Plastics market remains positive with the market value expected to increase at a CAGR of 4.0% during the forecast period (2018 – 2026).

Ultramarine Pigments for Plastics are a type of pigment classified as inorganic colorants that primarily consists of the semiprecious stone lapis lazuli. Ultramarine is well known for its deep violet-blue azure hues and has been used for centuries to produce vibrant colors for a variety of applications including paints, inks, and dyes. Today, Ultramarine Pigments for Plastics are still widely used in many industries such as printing, cosmetics, pharmaceuticals, plastics and textiles.

This research report will focus on the Ultramarine Pigment Market by examining current trends, market drivers, market size and segmentation, competitive landscape, key players and their strategies as well as opportunities for growth in this sector. Firstly we will look at some of the main trends driving the Ultramarine Pigment Market. Current technological advancements have enabled manufacturers to produce more efficient and higher quality products which has resulted in an increase in demand from end-users such as cosmetics companies or printing companies who need reliable pigments with outstanding color fastness properties. Additionally, due its non-toxic nature Ultramarine Pigments for Plastics are being increasingly used in food packaging applications which has further boosted its demand across multiple industries.

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Key Players-

• 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.

Segmentation Analysis

The Ultramarine Pigments for Plastics market can be segmented on the basis of the following criteria,

• On the basis of grade, the industrial based segment is anticipated to remain dominant in the market in terms of volume as well as value over the forecast period
• The laundry grade segment by is estimated to grow at a weaker CAGR over the forecast period. The segment is expected to represent a total incremental opportunity of US$ 5.9 Mn between 2018 and 2026
• The cosmetics grade segment is expected to grow at a significant CAGR in terms of value as compared to its counterparts over the forecast period. The segment is expected to represent a total incremental opportunity of US$ 7.4 Mn between 2018 and 2026

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Regional Market Projections

On the basis of market value share, China is expected to expand at a healthy CAGR of 4.9% over the forecast period, followed by Europe and North America. The Europe market is expected to hold a market value share of 25.9% over the forecast period. North America is expected to represent an incremental $ opportunity of US$ 13.7 Mn over the forecast period. Latin America is expected to expand with a moderate CAGR in the Ultramarine Pigments for Plastics market through 2026. In Europe, the Germany Ultramarine Pigments for Plastics market is projected to hold a significant market share in terms of value in the Ultramarine Pigments for Plastics market over the forecast period, exhibiting a CAGR of 2.9% over the forecast period. Consumption of Ultramarine Pigments for Plastics in Europe is expected to increase to 16,625 MT by 2026 end.

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