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Global Ultramarine Blue Market InsightJanuary 6, 2022 Comments
The Ultramarine Blue is forecast to steady growth over the next four years. According to the World Knowledge Information (WKI) “Global Ultramarine Blue Professional Survey Report 2021, Forecast to 2026”, With growing pigment market,the Ultramarine Blue industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 4.11% base on WKI regression analysis model.
“With the research on Ultramarine Blue, the usability will become stronger and stronger.“said Jimmy Joy, Senior analyst, Chemicals & Materials Market Research Center in WKI.
Because it will not fade in the sun, it is also used as a brightener in paint during the whitewashing process. It is mainly used to brighten white clothes and provide blue tones in the textile industry. Due to its mechanical properties, ultramarine blue is used to make master batches, which are further used to make fibers, films, bottles, etc. Ultramarine is an inorganic substance with good wettability and can be used in various inks. Because of its bright appearance and non-irritating properties, it is also used in the paper industry, for whitening in the cellulose pulp and cosmetic industries. Therefore, the wide range of applications in different industries is driving the development of the ultramarine blue market.
Extracting Ultramarine Blue from natural sources is a cost-intensive process, which may further inhibit market growth.
This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Ultramarine Blue companies that include Ultramarines India (P) Ltd, Lansco Colors, Mad Oils, Inc., R.S.Pigments, Proquimac color, ASA Impex and others.
Segmentation of Ultramarine Blue Market:
According to the type, the market for Ultramarine Blue is divided into green shade and red shade.Red shade occupies the dominant position in this market segment due to the increasing use of ultramarine blue in various applications such as painting, cosmetics and textiles, and the growing demand for ultramarine blue in emerging countries. It is expected to promote ultramarine blue (red shade) growth of market segments.According to application, the Ultramarine Blue market is divided into Plastics & Rubbers, Cosmetics, Artists’ Color, Coatings, Textile & Paper, Detergents, and Others.Coatings occupies a dominant position in this market segment, The demand for ultramarine blue in coatings is growing at a fast pace due to its properties such as durability, high whiteness, and resistance to light.
Ultramarine Blue Market: Regional Analysis
In terms of geography, the global Ultramarine Blue market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.North America is currently the leading regional market for Ultramarine Blue due to the rapid development of construction activities, the demand for paint and coating applications is increasing.
The Asia Pacific market is expected to grow with the highest CAGR.Due to the development of the textile industry in developing countries has promoted market development.
Largest share area：North America
Largest share country：the Unite States