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Phosphorescent Pigments Market By Review, Trend & Regional Analysis 2018-2024 By Key Players – Honeywell, RTP Company, Radiant Color NV, Next Generation Clinical Research, Luminochem Ltd., Glotech International

Phosphorescent Pigments Market

Phosphorescent Pigments Market

Phosphorescent Pigments Market to surpass USD 290 million by 2024. Phosphorescent pigments, generally zinc sulfide doped with copper or strontium aluminate, are combined with various binders and transparent resins to produce luminous paints and coatings which are applied to traffic & emergency exit signs and low lighting escape systems to provide visibility in dark environment. These are primarily used in signboards, warning and exit signs, mining and firefighting safety gears for its strong capacity of absorbing, storing and emitting light for long time period. These characteristics increase the product use on express roads, highways, flyovers, etc. The escalation in road development activities will spur the phosphorescent pigments market growth.

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Plastics industry deemed to be the profitable quotient for the phosphorescent pigments market as they are combined with various resins such as polyethylene, polyvinyl chloride, propylene, acrylonitrile butadiene styrene to provide luminous property to wheel coatings, automotive interiors, military equipment, packaging materials, and novelty toys. High emission time, non-radioactivity, temperature stability of the phosphorescent pigments provides long lasting luminous effect to the plastic films and imitation leathers which will further boost the product market in next seven years down the line.

Based on product, phosphorescent pigments market is divided into two major categories, namely, strontium aluminate and zinc sulfide. In terms of volume, zinc sulfide segment will hold a slightly higher market share by the end of the forecast period driven by its conventional popularity. Strontium aluminate based product will grow at comparatively higher rate because of its superior properties in order to capture a significant market share owing to its increasing usage in signage boards.

Construction materials, plastics, printing inks, paints & coatings are the key end-user sectors for the global phosphorescent pigments market. The others segment includes minor sectors such as textile, digital electronics, rubber & films, etc. Paints & coatings industry finds application in various sectors such as automotive, aerospace, consumer goods, etc. Rising demand for glow paints with photo-luminescent properties will result in the increased phosphorescent pigments market demand by the end of the forecast timeframe. It is poised to hold a share of over a third of the overall industry by 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Nemoto Lumi-Materials Company Limited
• Glotech International
• Honeywell
• Luminochem Ltd.
• Radiant Color NV
• United Mineral & Chemical Corp.
• Next Generation Clinical Research
• Tavco Chemicals
• GloNation LLC.
• GTA LLC
• RTP Company
• RC Tritec LTD.
• Glow Inc.
• Lightleader Co., Ltd.
• Allureglow USA

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Growing automotive production and construction activities in Asia-Pacific region will provide the region more than half of the global market share. The product use to manufacture automobile parts and construction materials with better quality and aesthetic look will spur the phosphorescent pigments market in next seven years down the line.

Europe and North America will witness a moderate growth in the forecast period, where North America will exhibit growth at slightly higher CAGR than Europe. Middle East & Africa will witness growth due to the slow developmental activities in the African region.

Some renowned market players providing immense contribution to the phosphorescent pigments market are Honeywell, Nemoto Lumi-Materials, LuminoChem Ltd and Glotech International. Other notable players include Lightleader, Radiant Color, Tavco Chemicals, RTP Company, United Mineral and Chemical Corp., Allureglow International, and RC Tritec.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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