Market Size of Phosphorescent Pigments Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Phosphorescent Pigments Market Analysis
The market for phosphorescent pigments is expected to grow at a CAGR of more than 4% during the forecast period. Major factors driving the market studied is rising demand from paints & coatings, increasing product application in signage boards.
- Increasing usage of phosphorescent pigments as an additive to plastics is likely to act as an opportunity.
- Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.
Phosphorescent Pigments Industry Segmentation
The phosphorescent pigments market report includes:
Type | |
Zinc Sulfide | |
Strontium Aluminate | |
Other Types |
Application | |
Paints & Coatings | |
Plastics | |
Printing Inks | |
Textiles | |
Other Application |
Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Phosphorescent Pigments Market Size Summary
The phosphorescent pigments market is poised for significant growth, driven by increasing demand from the paints and coatings sector and expanding applications in signage boards. These pigments are essential in providing color, durability, and protection to various surfaces, making them indispensable in industries such as automotive, building, and construction. The ability of phosphorescent pigments to enhance the visual appeal and protective qualities of paints makes them a preferred choice in these sectors. The growing industrial activities, particularly in building and construction, are expected to further boost the demand for phosphorescent coatings over the forecast period.
Asia-Pacific stands as the dominant region in the phosphorescent pigments market, with China leading in consumption. The region's market is characterized by a fragmented landscape, with a significant portion of production attributed to small-scale manufacturers. The availability of raw materials, advanced technologies, and cost-effective labor in Asia-Pacific contributes to its strong production and export capabilities. The increasing use of phosphorescent pigments in industries such as textiles, building, and construction, particularly in countries like China, India, and Japan, is anticipated to drive market growth. Key players in this market include Nemoto & Co., Ltd., GloTech International Ltd, Allureglow International, LuminoChem Ltd., and Honeywell International Inc.
Phosphorescent Pigments Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Rising demand from paints & coatings
-
1.1.2 Increasing product application in signage boards
-
-
1.2 Restraints
-
1.3 Industry Value-Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Zinc Sulfide
-
2.1.2 Strontium Aluminate
-
2.1.3 Other Types
-
-
2.2 Application
-
2.2.1 Paints & Coatings
-
2.2.2 Plastics
-
2.2.3 Printing Inks
-
2.2.4 Textiles
-
2.2.5 Other Application
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 Italy
-
2.3.3.4 France
-
2.3.3.5 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle East & Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle East & Africa
-
-
-
Phosphorescent Pigments Market Size FAQs
What is the current Phosphorescent Pigments Market size?
The Phosphorescent Pigments Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Phosphorescent Pigments Market?
Nemoto & Co.,Ltd., GloTech International Ltd, Allureglow International., LuminoChem Ltd and Honeywell International Inc are the major companies operating in the Phosphorescent Pigments Market.