Press release
Ultramarine Pigments Market is Expected to reach US$ 257.9 Mn by the end of 2026|Ferro Corporation, Venator Materials PLC
Ultramarine Pigments Market 2022-2031
Persistence Market Research delivers key insights on the global ultramarine pigments market in its latest report titled 'Ultramarine Pigments Market: Global Industry Analysis 2013-2017 and Forecast, 2018-2026.'
The long-term outlook on the global ultramarine pigments market remains positive with the market value expected to increase at a CAGR of 4.0% during the forecast period (2018 - 2026). Among the segments by grade, the cosmetics grade segment is expected to expand at a healthy CAGR in terms of value over the forecast period. Global sales of ultramarine pigments was valued at US$ 182.5 Mn in 2017.
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China accounted for approximately one-third of the market value share in the global ultramarine pigments market in 2017 and the country is anticipated to remain dominant throughout the forecast period. In this report, Persistence Market Research throws light on drivers and restraints likely to impact the market during the forecast period.
Key Players:
The report has profiled some of the important players prevalent in the global like - Ferro Corporation, Venator Materials PLC, Lapis Lazuli Pigments Co., Ltd, Ultramarine & Pigments Ltd, BASF SE, Dominion Colour Corporation, R.S.Pigments, Habich GmbH, DIC Corporation and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Ultramarine Pigments Market.
The global ultramarine pigments market is greatly influenced by application areas such as rubber & plastics, paints & coatings, inks, paper, cosmetics & personal care, among others. The paints & coatings segment accounts for a high market share in terms of value and volume as compared to other counter parts.
Moreover, growth in the paints & varnishes segment is expected to influence the ultramarine pigments market positively, marking a high - moderate growth rate in developed as well as developing countries. This is expected to create strong growth opportunities for the global ultramarine pigments market. Establishing long-term supply contracts with end-users in specific industry segments can provide stability as well as growth opportunities for manufacturers in terms of revenue generation.
However, the global ultramarine pigments market is expected to face some challenges. The high cost of raw materials and stronger enforcement of safety & environmental regulations regarding pigments may impact the demand for ultramarine pigments, thereby restricting the revenue growth of the global ultramarine pigments market.
Segmentation Analysis
The ultramarine pigments 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
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 market through 2026.
In Europe, the Germany ultramarine pigments market is projected to hold a significant market share in terms of value in the ultramarine pigments market over the forecast period, exhibiting a CAGR of 2.9% over the forecast period. Consumption of ultramarine pigments in Europe is expected to increase to 16,625 MT by 2026 end.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Ultramarine Pigments Market Manufacturers
Ultramarine Pigments Market Distributors/Traders/Wholesalers
Ultramarine Pigments Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Ultramarine Pigments Market - Report Highlights
A detailed overview of parent market of Ultramarine Pigments Market
Changing Ultramarine Pigments Market dynamics in the industry
In-depth segmentation of the Ultramarine Pigments Market
Historical, current, and projected Ultramarine Pigments Market size regarding volume and value
Recent industry trends and developments in Ultramarine Pigments Market
Competitive landscape of the Ultramarine Pigments Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Ultramarine Pigments Market performance
Must-have information for Ultramarine Pigments Market players to sustain and enhance their market footprint
Key Questions Answered in the Ultramarine Pigments Market Report
How is the Ultramarine Pigments Market expected to grow over the projected period?
What direction is the Ultramarine Pigments Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Ultramarine Pigments Market in future?
What are the key market drivers in the Ultramarine Pigments Market?
What are significant opportunities and improvement areas for Ultramarine Pigments Market manufacturers?
What are the key developments and trends taking over the Ultramarine Pigments Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Ultramarine Pigments Market?
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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