Global Phosphorescent Pigments Market By Type (Organic Phosphorescent Pigment, Inorganic Phosphorescent Pigment), Application (Plastic, Paints and Coatings, Healthcare, Inks, Textile Industry, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Phosphorescent Pigments Market
Global phosphorescent pigments market is projecting a rise in estimated value, registering a substantial CAGR of 5.2% in the forecast period of 2019-2026 due to increase in demand in paints & coatings, rise in application of Phosphorescent Pigments in signage boards and rise in demand by various sectors such as automotive, aerospace and among others.
Market Definition: Global Phosphorescent Pigments Market
Phosphorescence is a type of photoluminescence. The Phosphorescent pigment absorbs the light energy during day time and used for re-emission purpose again in the form of light.
However, the re-emission process is quite slow and lasts for a longer period of time. The phosphorescent pigments are manufactured from phosphors. Phosphorescent materials are used in the glowing toys, watches and clothes. Phosphorescent pigments are mixed with the paints for the glowing effect.
- Increase in demand in paints & coatings would enhance the market growth
- Rise in application of Phosphorescent Pigments in signage boards can act as a catalyst for the growth of the market
- Rise in applications in consumer products such as shoes and clothing also enhances the market growth
- Rise in demand by various sectors such as automotive, aerospace, consumer goods, etc also boosts this market growth
- Fluctuations in prices of raw material can restrict the market growth
- Delay in re-emission of absorbed light can also hamper the market
- Presence of alternatives in market such as fluorescent pigments could even hinder the market growth
Segmentation: Global Phosphorescent Pigments Market
- Organic Phosphorescent Pigment
- Inorganic Phosphorescent Pigment
- Paints and Coatings
- Textile Industry
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Global phosphorescent pigments market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of phosphorescent pigments market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global phosphorescent pigments market are
Thomas Publishing Company, Nemoto & Co.,Ltd, ARALON, Honeywell International Inc., Lightleader Co.,Ltd, NEMOTO PORTUGAL, Tavco Chemicals, Inc, RTP Company, RC Tritec LTD., Allureglow USA, GloNation Inc., GTA LLC, Glow Inc, and among others
Research Methodology: Global Phosphorescent Pigments Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved