Fluorescent pigments are luminescent materials that require no artificially generated energy to reflect colored light and to give off fluorescent light. Fluorescent pigments are composed of dyed organic polymers that are formulated to be solvents for the fluorescence dyestuff. In contrast to ordinary colors, light emitted from a fluorescent color adds to the light returned by simple reflection to give the glow characteristic of daylight-fluorescent materials.
Market Analysis and Insights: Global Fluorescent Pigments Market
Due to the COVID-19 pandemic, the global Fluorescent Pigments market size is estimated to be worth US$ 354.9 million in 2022 and is forecast to a readjusted size of US$ 612.1 million by 2028 with a CAGR of 9.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Thermoset Type accounting for % of the Fluorescent Pigments global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Paints & Coatings Industry segment is altered to an % CAGR throughout this forecast period.
The migration of the Fluorescent pigments business to Asia, particularly China and India, continues. Since the mid-1990s, production in China and India has rapidly increased; China is now the world's largest consumer of Fluorescent pigments. Additional medium-tier to higher-value Fluorescent pigments also migrates to China from North America, Europe and Japan. Production in Europe, USA and Japan continues on a downward trend as the market has become globalized and gross margins have been squeezed.
Global Fluorescent Pigments Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Fluorescent Pigments Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Thermoset Type
Thermoplastic Type
Other(Aqueous Dispersions, etc)
Segment by Application
Paints & Coatings Industry
Printing Inks Industry
Plastics Industry
Other
By Company
RPM International
UKSEUNG
SINLOIHI(DAI NIPPON TORYO)
Huangshan Jiajia Science and Technology
China wanlong chemical
Lynwon Group
Vicome Corp
Ming Hui Group(Spectra Colours Ltd)
Aron Universal Ltd
Nanochemitek(Yangzhou) Corp
LuminoChem
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina