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Global Ultramarine Pigments Market to Reach $258.8 Million by 2027
In the changed post COVID-19 business landscape, the global market for Ultramarine Pigments estimated at US$200.6 Million in the year 2020, is projected to reach a revised size of US$258.8 Million by 2027, growing at a CAGR of 3.7% over the analysis period 2020-2027. Industrial Grade, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$202.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Laundry Grade segment is readjusted to a revised 2.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $55 Million, While China is Forecast to Grow at 6.3% CAGR
The Ultramarine Pigments market in the U.S. is estimated at US$55 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$50.2 Million by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$33 Million by the year 2027.



Cosmetics Grade Segment to Record 4.8% CAGR
In the global Cosmetics Grade segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$13.5 Million in the year 2020 will reach a projected size of US$18.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.2% CAGR through the analysis period.