Phosphorescent Pigments Market Size, Share, Opportunities, And Trends By Type (Zinc Sulfide, Strontium Aluminate, Others), By End-Use (Textiles, Printing Inks, Plastics, Paints & Coatings, Others), And By Geography - Forecasts From 2023 To 2028
- Published : May 2023
- Report Code : KSI061615310
- Pages : 140
The phosphorescent pigments market focuses on the production and distribution of pigments with the unique ability to emit light after being exposed to a light source. Commonly known as glow-in-the-dark pigments, these materials exhibit a unique property of absorbing and retaining energy from diverse light sources, such as natural or artificial light, and gradually releasing it in the form of visible light over an extended period. The phosphorescent pigments market has experienced substantial growth due to their capacity to provide illumination without reliance on external power sources. This characteristic has rendered them invaluable across a wide range of industries, including paints and coatings, plastics, printing inks, textiles, automotive, aerospace, safety signage, toys, and novelty items.
Persistent advancements in technology have further elevated the performance and versatility of phosphorescent pigments. Manufacturers are formulating new compositions that offer enhanced brightness, prolonged glow duration, and improved stability. Concurrently, endeavours are underway to expand the colour spectrum and introduce speciality pigments with unique properties.
The phosphorescent pigments market is driven by growing demand for enhanced visibility and safety and the rising necessity for security and anti-counterfeiting measures.
- Growing demand for enhanced visibility and safety
Enhanced visibility and safety are paramount concerns across industries, driving the demand for phosphorescent pigments. In sectors like construction and mining, where workers operate in hazardous environments, these pigments are incorporated into safety gear, equipment, and signage to ensure high visibility and reduce accidents. Similarly, in road safety, phosphorescent pigments are extensively used in road signs and pavement markings to enhance visibility during low-light or adverse weather conditions, improving driver awareness and reducing accidents. By leveraging the unique properties of phosphorescent pigments, industries prioritize safety and mitigate risks.
- Rising necessity for security and anti-counterfeiting measures
The phosphorescent pigments market is significantly driven by the growing demand for enhanced security and anti-counterfeiting measures in various industries. They serve as valuable tools in currency and document authentication, emitting a distinct glow that deters counterfeit attempts. Incorporating phosphorescent pigments in high-value product packaging ensures quick verification of authenticity, safeguarding against unauthorized distribution. In the pharmaceutical industry, these pigments provide an additional layer of security, enabling the identification of genuine medications. Utilizing phosphorescent pigments in security measures assures reliable authentication, protecting against illicit activities and maintaining the integrity of critical systems.
- In March 2021, DCL Corporation successfully finalized the purchase of Sun Chemical's production facility in Goose Creek, South Carolina, alongside the perylene and quinacridone product portfolios as well as phosphorescent pigments and handpicked speciality items. This strategic transaction bolstered DCL's pigment collection with top-tier pigments known for their exceptional chromaticity, durability, heat stability, and transparency, perfectly suited for rigorous applications in the automotive, industrial coatings, and engineered plastics sectors. The acquisition reinforced DCL's market presence in the United States and expanded its manufacturing capabilities, enabling the provision of heightened value to an esteemed clientele.
- In February 2023, Brilliant Group and Terra Firma, a subsidiary of DKSH, forged a strategic alliance to amplify market assistance for fluorescent and phosphorescent pigments in the Western, Southern, and Eastern regions of the United States. This collaborative venture empowers Terra Firma to market and distributes Brilliant Group's fluorescent and phosphorescent pigments renowned for their industry-leading performance. Leveraging Terra Firma's widespread sales and service network, this partnership seeks to cater to the escalating demand for vividly colored products and packaging solutions.
Based on type, the phosphorescent pigments market is expected to witness positive growth in the strontium aluminate segment.
Strontium aluminate pigments have gained significant traction in recent years due to their superior performance and properties compared to other types, such as zinc sulfide. These pigments exhibit a higher level of luminosity and can emit light for extended periods after exposure to a light source. This property makes them highly desirable in applications that require long-lasting illumination, such as safety signage, emergency exit signs, and decorative elements in various industries. The versatility of strontium aluminate pigments further drives their market growth. They can be used in various industries, including paints and coatings, plastics, textiles, and printing inks. Their ability to produce vibrant and long-lasting glow effects opens up opportunities for creative applications in arts, crafts, novelty items, and promotional products.
Asia Pacific accounted for a significant share of the global phosphorescent pigments market.
Based on geography, the phosphorescent pigments market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The Asia Pacific region demonstrates immense growth potential within the phosphorescent pigments market due to several key factors. Rapid industrialization in countries such as China and India is fostering substantial demand for phosphorescent pigments across diverse industries including paints, coatings, plastics, printing inks, and textiles. Moreover, the thriving construction sector in Asia Pacific further propels the demand for phosphorescent pigments. With urbanization, population growth, and infrastructure development on the rise, there is a pronounced need for safety signage, decorative materials, and construction applications. Phosphorescent pigments play a pivotal role by offering high-visibility solutions, augmenting safety measures, and introducing aesthetic appeal to architectural and construction projects. In addition, the expanding automotive industry in the Asia Pacific presents a significant opportunity for phosphorescent pigments. Notably, countries like China, India, and Japan serve as major automotive manufacturing hubs, with phosphorescent pigments finding applications in automotive coatings, interior lighting, and safety features. The demand for these pigments within the automotive sector is driven by the pursuit of enhanced aesthetics, safety attributes, and innovative lighting solutions.
Key Market Segments
- BY TYPE
- Zinc Sulfide
- Strontium Aluminate
- BY END-USE
- Printing Inks
- Paints & Coatings
- BY GEOGRAPHY
- North America
- South America
- United Kingdom
- Middle East And Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. PHOSPHORESCENT PIGMENTS MARKET ANALYSIS, BY TYPE
5.2. Zinc Sulfide
5.3. Strontium Aluminate
6. PHOSPHORESCENT PIGMENTS MARKET ANALYSIS, BY END-USE
6.3. Printing Inks
6.5. Paints & Coatings
7. PHOSPHORESCENT PIGMENTS MARKET, BY GEOGRAPHY
7.2. North America
7.3. South America
7.4.3. United Kingdom
7.5. Middle East And Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. United Mineral & Chemical Corporation
9.2. Honeywell International Inc.
9.3. Kolorjet Chemicals Pvt Ltd.
9.5. Nemoto &Co., Ltd.
9.6. Sanwa Sanko Co., Ltd.
9.7. RTP Co.
9.8. GloTech International Ltd
9.9. Allureglow International
9.10. LuminoChem Ltd
United Mineral & Chemical Corporation
Honeywell International Inc.
Kolorjet Chemicals Pvt Ltd.
Sanwa Sanko Co., Ltd.
GloTech International Ltd
|Report Name||Published Month||Get Sample PDF|
|Paints and Coatings Market Size & Share: Report, 2021-2026||Aug 2021|
|Paper Pigments Market Size & Share: Industry Report, 2023 - 2028||Mar 2023|
|Organic Pigments Market Size & Share: Industry Report, 2021-2026||Aug 2021|
|Plastic Pigments Market Size & Share: Industry Report, 2023 – 2028||Jan 2023|
|Iron Oxide Pigments Market Size: Industry Report, 2023 – 2028||Apr 2023|