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Phosphorescent Pigments Market Report
Phosphorescent Pigments Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028.
Phosphorescent Pigments Market is likely to grow from USD 207.57 million in 2021 to USD 293.71 million by 2028 at a CAGR of 4.93% during the forecast period of 2022-2028.
Phosphorescent pigments are basically manufactured from phosphors and consist of very fine crystals of zinc sulfide doped with copper providing it the “glow in the dark” appearance.
Growing product demand in paints & coatings and increasing applications in various signage boards and consumer goods are the key factors fueling the growth of the market over the forecast period.
Based on the product type, the market is segmented as zinc sulfide and strontium aluminate. Strontium aluminate is estimated to witness high growth in the market over the forecast period on account of its superior qualities and better pricing as compared to zinc sulfide.
Based on the end-user type, the market is segmented as paints & coatings, printing inks, plastics, construction materials, and others. Paints & coatings are estimated to account for the larger share of the market over the forecast period on account of increasing demand for photo-luminescent paints in various applications, such as in interior decoration in residential and commercial construction and for manufacturing glow in the dark paints.
In terms of regions, Asia-Pacific is estimated to account for the largest share of the market owing to the considerably growing paints & coatings industry and increase in construction activities in the region with China being the regional growth engine providing lucrative growth opportunities during the forecast period. On the other hand, North America and Europe are also estimated to witness significant growth in the market on account of a large number of commercial buildings in the U.S. and rising end-user industries in Europe, fueling the overall industry growth over the forecast period.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Phosphorescent Pigments Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The phosphorescent pigments market is segmented into the following categories.
Some of the key players in the phosphorescent pigments market are-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
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The phosphorescent pigments market is expected to witness an impressive growth of 4.93% CAGR during 2022-2028.
GloNation LLC., Glotech International, Honeywell International Inc., LuminoChem Ltd., Nemoto Lumi-Materials Company Limited, Next Generation B.V., Radiant Color NV, RTP Company, Tavco Chemicals, Inc., and United Mineral and Chemical Corp are among the key players in the market.
Phosphorescent pigments market size is expected to reach USD 293.71 million in 2028.
Paints & coatings are estimated to account for the larger share of the market in the next five years.
Strontium aluminate is expected to witness high growth in the market during the forecast period.
Growing product demand in paints & coatings and increasing applications in various signage boards and consumer goods are the factors driving the growth of market.
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