Ultramarine Pigments Market 2022 | Present Scenario and Growth Prospects 2031

The global sales/shipment of ultramarine pigments is predicted to grow at a rapid pace during 2021-2031. The plastics industry widely employs ultramarine pigments to create colour concentrates and compounds for food and cosmetics packaging. The processing and service life performance of these unique and distinctive blue and violet shades is exceptional. Plastic caps and closures, in particular, have historically been the most common application for ultramarine pigments.

The safety and simplicity offered by ultramarine pigment appeal to consumers and legislators alike who are increasingly concerned about the environment. The vibrant blues and violets have an unusual chromophore, resulting in a truly unique shade that cannot be duplicated by other pigments and is expected to be a significant market driver over the next decade.

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Diverse Applications of Ultramarine Pigments in Varied Industries Key to Market Expansion

Ultramarine pigments are low-hazard pigments that have a wide range of uses around the world. Because of its synthetic manufacturing process and ability to customise its physical, chemical, and colour characteristics, it can be made in a variety of shades, which are well-accepted by the plastic, printing ink, paint, cosmetic, and other industries due to advantages over other organic pigments and dyes. Apart from natural pigments, ultramarine pigments are one of the environmentally friendly pigments available in the market today.

The US and Canada Demand Outlook for Ultramarine Pigments Market

Because of technological improvements that make the product safer to use, the ultramarine pigments market in North America is estimated to rise. Ferro Corporation, for instance, developed a patented technique to minimise the quantity of residual elemental sulphur in standard ultramarine blue pigment, resulting in Nubiperf FCP, their novel product. Third-party testing of the reformulated Nubiperf FCP revealed minimal sulphur.

Europe Ultramarine Pigments Market outlook

Due to the expansion strategies of market players in the region, Europe is expected to have a substantial share of the market. Furthermore, demand for cosmetic-grade ultramarine pigments is expected to rise between 2021 and 2031.

Ultramarine pigments manufacturers are expected to invest in sustainable manufacturing of safe and cosmetic-grade ultramarines to support market expansion as the region’s cosmetic industry undergoes a seismic shift towards sustainable and ethical ingredients.

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Ultramarine Pigments: Key players

Some key ultramarine pigments market players include

• Ferro Corporation
• Holliday Pigments
• Abelly Chemical
• DIC Corporation
• Neelikon Food Colours & Chemicals
• Proquimac color
• Earth Pigments Company LLC.
• Yipin Pigments Inc.
• Kremer Pigments
• ASA Impex
• and BASF SE among others.