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Ultramarine Pigments Market Registering a Strong Growth by 2025

Ultramarine Pigments Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


New York, NY -- (SBWIRE) -- 06/29/2018 -- Introduction:

Pigments are organic or inorganic compounds that impart colour. Pigments are an indispensable part of the paints and coatings industry. Generally, pigments are used in imparting desired colour to paints, rubbers, inks, fabrics, plastics, detergents, cosmetics and in certain other applications. Pigments are crystalline powders that have high tinting strength than the material on or into which it is applied. Ultramarine pigments are dark blue colour pigments, which can be produced naturally or synthetically. Ultramarine pigments are produced by grinding followed by the kneading of lapis lazuli rock, which contain minerals, such as Lazurite. On the other hand, synthetically it is prepared from the China clay/kaolin and its treatment with other materials. Ultramarine pigments are heat and alkali resistant. This makes them suitable for uses in various applications such as in polymer & plastic and ink industries. It is primarily used in applications, which require surface smoothness, transparency and brighter appearance and also used in manufacturing of fibres, thin films, etc.

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Global Ultramarine Pigments Market Dynamics

Increasing demand from industries will drive the Ultramarine pigments market during the forecast period. Additionally, growing demand from paint industries will boost the ultramarine pigments market growth. Ultramarine pigments provide aesthetic appearance and resistive characteristic, which in turn, is expected to drive the market growth. Owing to the nature of ultramarine pigments, these pigments are being used in cosmetic and paper industries. Steady growth of both industries, will result in an increase in consumption of the ultramarine pigments. However, the stringent regulations in developed regions regarding the manufacturing and the uses of ultramarine pigments in a variety of applications, for instance in cosmetic, have already influenced the growth of the ultramarine pigments market. Moreover, the ultramarine pigments are one of the costlier pigments available in the market. On the other hand, synthetically produced ultramarine pigments are cost effective as compared to the naturally occurring pigments. Availability of raw materials will help manufacturers to cater to the rising demand from end use industries. Therefore, further developments towards cost-effective and alternative manufacturing process may create better opportunities for the growth of the ultramarine pigments market.

Global Ultramarine Pigments: Market Segmentation

On the basis of type, the global ultramarine pigments market is segmented into two types; natural ultramarine and synthetic ultramarine. Moreover, the global ultramarine pigment market is segmented into applications, which include, rubber and plastics, ink, detergents, paint and coating, paper, cosmetics and other applications.

Global Ultramarine Pigments Market: Regional Outlook

In terms of production and consumption, the APAC region dominates the Ultramarine pigments market. End-use industries, such as paint & coating, plastic & polymer, textile, cosmetic and others, in the APAC region is growing rapidly. As a result, the demand for ultramarine pigments in this region is expected to increase and register healthy growth during the forecast period. China, followed by India, is a major consumer and producer of pigments. For this reason, they are expected to dominate the ultramarine pigments market during the forecast period. Subsequently, Eastern Europe is the next big consumer market for the ultramarine pigments. Owing to the economic slowdown, Western Europe is expected to register relatively slower growth over the forecast period. In North America, due to the high demand from paint and coating industries, the U.S. is expected to dominate the market during the forecast period. It is expected to steady growth during the forecast period. The MEA and Latin America regions are projected to register slow growth during the forecast period.

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Global Ultramarine Pigments Market Participants

Some of the examples of market participants in the global ultramarine pigment market identified across the value chain are: Habich GmbH, Huntsman International LLC, Sudarshan Chemical Industries Limited, Lluma Pigments Ltd, BASF SE, Clariant AG, LANXESS AG, Pidilite Industries Ltd, Nubiola Pigmentos SL and Sun Chemical Group Cooperation among others.