Global Phosphorescent Pigments Market Size: Insights

Phosphorescent powder (pigment) is a new type of environmentally friendly pigment. It is usually non-toxic and non-radioactive. Pigment particles are charged by any visible light or instantaneously by ultraviolet light. Photo luminescent pigment then releases energy in the form of glowing light for as long as 24 hours, depending on the color. It has notable use in many major fields like construction materials and electronics.

Phosphorescent pigments market will see a healthy growth due to the fact that its major use is in constructions and electronics industries, which are few of the industries which are growing at an immense rate. Various other applications in markets such as textile, automobile, safety equipment making, toys and many more has opened the door for this product.

Global Phosphorescent Pigments Market Size by Regions (2017-2025)

There are some drawbacks of the product itself, like it has very low production rate and thus making the product costly. It’s been noted that the life of the products is low. Some types of pigments have been seen to be toxic in nature which hinders its demands. 

Global Phosphorescent Pigments Market Size: By Type

There are basically 2 types of pigments depending upon there chemical composition. They are Organic Phosphorescent Pigment and Inorganic Phosphorescent Pigment. Inorganic pigments mostly used nowadays due to superior properties. Strontium aluminate and Zinc sulfide are the most used pigments in the global phosphorescent pigments market with strontium having upper hand in the market due to long lasting glow in the product, and it still is having good growth and will continue to grow.

Global Phosphorescent Pigments Market Share: By Application

There are many end user application of phosphorescent pigments market, such as automobiles, firefighting & mining safety gear, toys & novelties, military uses, construction materials, sign boards, lighting apparatus & switches, electronics and many more. Construction materials have the highest share in the global phosphorescent pigments market. The pigments have quite many uses in Automobile, lighting apparatus & switches, electronics, toys & novelties will have good growth rate as the following industries have moderate growth.

Global Phosphorescent Pigments Market Share: By Region

As for this market in the regions like North America and Europe phosphorescent pigments markets due to presence of developed countries the major share of this market goes to construction materials. In Middle Eastern countries because of its high construction rate the demand of this product is high and chances of growth is also there. In Asia Pacific region, China being a major market for electronics the market share of this product is very high.

In the regions like Asia Pacific and Latin America phosphorescent pigments markets, growth will be witnessed, due to presence of developing countries like China and India the chances of growth in this market is very high because of construction activity. Africa and South American countries also have chances of growth due to their status of developing countries but it’s most definitely will be a slower growth because the economic status of the countries.

Global Phosphorescent Pigments Market Share: Major Players

Some major companies in global phosphorescent pigments market are Badger Color Concentrates, Shannon Luminous Materials, UMC Corporation, Honeywell International, LuminoChem, Lightleader, Sinloihi, Brilliant, UK SEUNG Europe GmbH, Kolorjet, China Wanlong Chemical, Lynwon Group, Nanochemitek Corporation, Kremer Pigmente GmbH & Co.

Global Phosphorescent Pigments Market: Key Strategy

For a measurable growth in the global phosphorescent pigments market, a company should focus on improving manufacturing process for making the product cheaper and safer to use. Bringing new portfolio of products which can be used in electronics and construction industries as these industries can give a good boost to the phosphorescent pigment market.

Global Phosphorescent Pigments Market Size: Growth Summary

As observed in previous years that in Asia Pacific region, the developing countries like India and China are having a great pace in construction industry the growth of markets related to that will see a moderate to high growth rate in the near future. Also, Middle Eastern region have ample opportunity for growth in this market due to high construction rates and excellent economy. So, investing in regions like this can give a needed boost to companies in this market. Also, in the markets like US and China where there is good market of electronics, the chances of growth for this market can be moderately high for near future.

With rapid innovation in this field the use of this pigments is increasing day by day. Some major innovative use in textile market is a good boost to this market, as it makes available the pigment to a daily used product and hence increasing its demand by large proportions. Thus, improving this product for end users this market is going to grow very well.