Press release
Global Daylight Fluorescent Pigments Market Expected to Witness a Sustainable Growth over 2023
Daylight 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.
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Global Daylight Fluorescent Pigments Market: Forecast by Type / Application / Region
The migration of the Daylight 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 Daylight Fluorescent Pigments. Additional medium-tier to higher-value Daylight 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.
To Daylight Fluorescent Pigments global application, in 2016, paints & coatings industry account for 25% of demand, printing inks industry about 52%, plastics industry about 19% and other industries such as cosmetics for the remainder. The printing market for publication of newsprint and periodicals has fallen as a result of competition from the internet, but demand for printing inks for packaging remains strong.
Stricter environmental mandates are impacting the availability of some key ingredients. In the aftermath of the recent financial crisis, suppliers are cautious about adding capacity, and they continue to closely manage their inventory, which leaves customers vulnerable to potential stock outs in the event of supply problems or a spike in demand.
Although Daylight Fluorescent Pigments brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Over the next five years, LPI(LP Information) projects that Daylight Fluorescent Pigments will register a 9.4% CAGR in terms of revenue, reach US$ 350 million by 2023, from US$ 220 million in 2017.
Global Daylight Fluorescent Pigments Market: Key Players
Day-Glo Color Corp (RPM International)
Dane Color (RPM International)
Radiant Color N.V (RPM International)
UKSEUNG
SINLOIHI (DAI NIPPON TORYO)
Huangshan Jiajia Science and Technology
China wanlong chemical
Lynwon Group
J Color Technologies
Vicome Corp
Ming Hui Group (Spectra Colours Ltd)
Aron Universal Ltd
Nanochemitek (Yangzhou) Corp
LuminoChem
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Related Information:
United States Daylight Fluorescent Pigments Market Research Report 2018
Europe Daylight Fluorescent Pigments Market Research Report 2018
North America Daylight Fluorescent Pigments Market Research Report 2018
Asia-Pacific Daylight Fluorescent Pigments Market Research Report 2018
China Daylight Fluorescent Pigments Market Research Report 2018
EMEA Daylight Fluorescent Pigments Market Research Report 2018
Global Daylight Fluorescent Pigments Market Research Report 2018
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