Phosphorescent Pigments Market Size
| 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 |
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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 Market Trends
This section covers the major market trends shaping the Phosphorescent Pigments Market according to our research experts:
Paints & Coatings Dominating the Phosphorescent Pigments Market Growth
- Phosphorescent pigments play a key role in the formulation of paints and coatings. They help in providing key characteristics to paints and coatings, such as color, durability, chemical inertness, and surface protection. The most important characteristic of a pigment is imparting color to the paint.
- Inpaints & coatings, phosphorescent pigments are used as coloring elements and have a special place in this industry.
- The paints & coatings industry uses a wide array of pigments, some of which are used to manufacture paints for a variety of applications, such as automobiles, buildings, and hardware
- For instance,In the automotive sector, phosphorescent pigments are used in interior and exterior parts of the vehicle as they impart protection and visual appeal.
- Phosphorescent pigmentnot only gives the paint its color and finish but also protect sthe surface underneath from corrosion and weathering and holds the paint together.
- With the growing industries such as building and construction, the demand for Phosphorescent coatings is likely to increase over the forecast period.
Asia-Pacific Region to Dominate the Market
- In terms of consumption, Asia Pacific was the largest market for phosphorescent pigments. China alone contributes to over 50% of the Asia-Pacific phosphorescent pigments market.
- The phosphorescent pigments market in Asia-Pacific is very fragmented as most of the production is done by small-scale manufacturers.
- Asia-Pacific produces and exports Phosphorescent Pigments due to the high availability of raw materials, developed technologies; and cheap labor.
- Furthermore, the usage of phosphorescent pigments is widely used in industries such as textile, building, and construction, etc.
- With the growing industries such as building and construction in China, India, Japan, etc. the demand for Phosphorescent coatings is likely to increase over the forecast period.
Phosphorescent Pigments Industry Overview
Thephosphorescent pigments are fragmented. Some of the major players includeNemoto & Co.,Ltd., GloTech International Ltd, Allureglow International, LuminoChem Ltd., and Honeywell International Inc., among others.
Phosphorescent Pigments Market Leaders
Nemoto & Co.,Ltd.
GloTech International Ltd
Allureglow International.
LuminoChem Ltd
Honeywell International Inc
*Disclaimer: Major Players sorted in no particular order
Phosphorescent Pigments Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Rising demand from paints & coatings
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4.1.2 Increasing product application in signage boards
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4.2 Restraints
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Zinc Sulfide
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5.1.2 Strontium Aluminate
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5.1.3 Other Types
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5.2 Application
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5.2.1 Paints & Coatings
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5.2.2 Plastics
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5.2.3 Printing Inks
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5.2.4 Textiles
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5.2.5 Other Application
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Allureglow International
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6.4.2 Badger Color Concentrates
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6.4.3 GloTech International Ltd
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6.4.4 Honeywell International Inc.
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6.4.5 Kremer Pigmente
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6.4.6 LuminoChem Ltd.
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6.4.7 Nemoto & Co.,Ltd.
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6.4.8 Nemoto Lumi-Materials Company Limited
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6.4.9 Radiant Color NV
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6.4.10 United Mineral and Chemical Corp.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing usage of phosphorescent pigments as additive to plastics
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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 | |||||||
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Phosphorescent Pigments Market Research 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.
Which is the fastest growing region in Phosphorescent Pigments Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Phosphorescent Pigments Market?
In 2024, the Asia Pacific accounts for the largest market share in Phosphorescent Pigments Market.
What years does this Phosphorescent Pigments Market cover?
The report covers the Phosphorescent Pigments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Phosphorescent Pigments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Phosphorescent Pigments Industry Report
Statistics for the 2024 Phosphorescent Pigments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Phosphorescent Pigments analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
