Phosphorescent Pigments Market Size (2024 - 2029)

The phosphorescent pigments market is anticipated to experience growth driven by the rising demand in paints and coatings and the expanding application in signage boards. The increasing use of these pigments as additives in plastics presents further opportunities for market expansion. The Asia-Pacific region leads in market consumption, with significant activity in countries like India and China.

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Market Size of Phosphorescent Pigments Industry

platinum group metals market
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

Phosphorescent Pigments Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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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.

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Phosphorescent Pigments Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising demand from paints & coatings

      2. 1.1.2 Increasing product application in signage boards

    2. 1.2 Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Zinc Sulfide

      2. 2.1.2 Strontium Aluminate

      3. 2.1.3 Other Types

    2. 2.2 Application

      1. 2.2.1 Paints & Coatings

      2. 2.2.2 Plastics

      3. 2.2.3 Printing Inks

      4. 2.2.4 Textiles

      5. 2.2.5 Other Application

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East & Africa

Phosphorescent Pigments Market Size FAQs

The Phosphorescent Pigments Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Nemoto & Co.,Ltd., GloTech International Ltd, Allureglow International., LuminoChem Ltd and Honeywell International Inc are the major companies operating in the Phosphorescent Pigments Market.

Phosphorescent Pigments Report Snapshots

Phosphorescent Pigments Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)