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Global Ultramarine Blue Market: By Product: Red Shade, Green Shade; By Application: Personal Care, Paper, Paint, Chemicals, Textile; Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Ultramarine Blue Market Outlook
The global ultramarine blue market is being driven by the growing pigment market, which is expected to grow at a CAGR of 4% in the forecast period of 2023-2028.
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North America and the Asia Pacific to be the Significant Regional Markets for the Ultramarine Blue Industry
With rapid construction activities in North America and the Asia Pacific, the market for paint and coating applications is growing. This has led to the robust growth of the ultramarine blue industry in these regions. Moreover, due to the significant growth of the textile industry in the regions, the market for ultramarine blue is also expected to grow further in the coming years. Eastern Europe and the Middle East are also expected to see positive growth over the forecast period with major developments in the pigment industry. This further encourages the development of the overall ultramarine blue industry globally.
Ultramarine Blue: Market Segmentation
Ultramarine blue was known to have been extracted from an expensive mineral called lapis lazuli. Synthetically, ultramarine blue is acquired from sodium aluminium sulphosilicate. The presence of a sodium-silicate-containing sulphur complex helps make the ultramarine blue one of the most complex mineral pigments. Ultramarine blue is believed to be an ancient pigment in Egypt and is inorganic in nature.
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By product, the market can be divided into the following segments:
- Red Shade
- Green Shade
Ultramarine blue finds wide applications in the following segments:
- Personal Care
- Paper
- Paint
- Chemicals
- Textile
- Others
The regional markets for ultramarine blue can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Garment Industry Bolstering the Market Growth of Ultramarine Blue
Ultramarine blue finds a variety of uses in a wide range of industries. It is commonly used in the garment industry to brighten white clothes and to give the clothes a blue hue. It is also used as a brightening agent in the paints during whitewash because it does not fade under the sunlight, thus, is widely demanded. Due to its mechanical properties, ultramarine blue is used in the manufacturing of masterbatches, which are further used in the manufacture of fibres, film, and bottles, among others. Since it is inorganic in nature and has excellent wettability properties, ultramarine blue is also used in various types of inks. It is also used in the surface coating due to its reddish undertone, which is highly valued for use in tint and mass tone applications. Apart from the above-mentioned applications, it is also being used in the paper industry for the whitening of cellulose pulp and in the cosmetics industry due to its bright appearance and non-irritability properties. Thus, a wide variety of applications across various industries is driving the demand for the ultramarine blue and is aiding its market growth.
Key Industry Players in the Global Ultramarine Blue Market
The report gives a detailed analysis of the following key players in the global ultramarine blue market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Yipin USA Inc.
- Vibfast Pigments Pvt. Ltd
- Proquimac PFC, S.A.
- Mad Oils, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region |
| Breakup by Product | Red Shade, Green Shade |
| Breakup by Application | Personal Care, Paper, Paint, Chemicals, Textile, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Yipin USA Inc., Vibfast Pigments Pvt. Ltd, Proquimac PFC, S.A., Mad Oils, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Ultramarine Blue Market Analysis
8.1 Key Industry Highlights
8.2 Global Ultramarine Blue Historical Market (2018-2022)
8.3 Global Ultramarine Blue Market Forecast (2023-2028)
8.4 Global Ultramarine Blue Market by Product
8.4.1 Red Shade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Green Shade
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Ultramarine Blue Market by Application
8.5.1 Personal Care
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Paper
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Paint
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Chemicals
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Textile
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Ultramarine Blue Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Yipin USA Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Vibfast Pigments Pvt. Ltd
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Proquimac PFC, S.A.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Mad Oils, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Industry Events and Developments
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Materials
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Ultramarine Blue Market: Key Industry Highlights, 2018 and 2028
2. Global Ultramarine Blue Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Ultramarine Blue Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Ultramarine Blue Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Ultramarine Blue Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Ultramarine Blue Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Ultramarine Blue Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Ultramarine Blue Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Ultramarine Blue Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Ultramarine Blue Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Ultramarine Blue Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Ultramarine Blue Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Ultramarine Blue Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Ultramarine Blue Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Ultramarine Blue Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Ultramarine Blue Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Ultramarine Blue Market Forecast: Breakup by Country (USD Million), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Ultramarine Blue Market Structure
Key Questions Answered in the Report
The global ultramarine blue market is expected to be aided by the rising pigment market, which is projected to grow at a CAGR of 4% between 2021 and 2026.
The major drivers of the industry include the rising population, rising urbanisation, growing textile industry, and the rising demand from the garment sector and paper industry.
The rising demand for pigments in various industries is a key industry trend boosting the sales of the product.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products in the market are red shade and green shade.
The major application segments in the industry are personal care, paper, paint, chemicals, and textile, among others.
The major players in the industry are Yipin USA Inc., Vibfast Pigments Pvt. Ltd, Proquimac PFC, S.A., and Mad Oils, Inc., among others.
Analyst Review
The global ultramarine blue market is being driven by the rising demand for pigments. Aided by the rising textile industry, the pigment market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market is segmented into red shade and green shade. By application, the market is segmented into personal care, paper, paint, chemicals, and textile, among others. The major regional markets for ultramarine blue are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Yipin USA Inc., Vibfast Pigments Pvt. Ltd, Proquimac PFC, S.A., and Mad Oils, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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