Phosphorescent pigments are used in a variety of products, including fishing lures, glow-in-the-dark toys, paint, highlighting signs for fire extinguisher locations and many more. Internationally standardized phosphorescent safety signs are currently the most common. All varieties of clearly defined phosphorescent safety products are primarily used for outlet pass marking in high-rise buildings, public buildings, railroad stations, underground trains, passenger ships, underground parking garages, and other areas with heavy foot traffic.
According to Data Bridge Market Research, the Phosphorescent Pigments Market is expected to grow at a rate of 4.25% from 2021 to 2028.
"Rise in the product application in the signage boards and the upsurge in need for phosphorescent coatings"
The market for phosphorescent pigments will experience exponential growth in the coming years due to the increasing number of signage boards and consumer products. The substance, called "glow in the dark" pigments, typically comprises fine copper-doped zinc sulfide crystals. Considering the distinct characteristics offered by crystalline zinc sulfide, this glow appears. The crystals become activated by copper, absorbing light at first and then slowly emitting it over time to produce a dull phosphorescent sheen. In view of mandatory building and construction guidelines, the market for phosphorescent pigments will be driven by increased product usage in numerous signage boards for emergency exits and low-level lighting escape systems. The product has important uses in safety sign boards for things like fire exits and escape routes that need to be seen in gloomy and dark settings.
What restraints the growth of the Global Phosphorescent Pigments Market?
" The cost of strontium aluminate can limit the market growth"
Paints and coatings, textiles, and consumer goods all initially used zinc sulfide with copper as a primary phosphorescent pigment. As opposed to zinc sulfide, strontium aluminate was later found to have superior phosphorescent qualities and to emit light for nearly 12 hours. The increased cost of strontium aluminate is another factor that is anticipated to restrict the market.
Segmentation: Global Phosphorescent Pigments Market
The global phosphorescent pigments market is segmented on the basis of type, product, and end user.
- On the basis of type, the phosphorescent pigments market is segmented into organic phosphorescent pigment, inorganic phosphorescent pigment.
- On the basis of product, the phosphorescent pigments market is segmented into zinc sulfide, strontium aluminate.
- On the basis of end user, the phosphorescent pigments market is segmented into paints and coatings, printing inks, plastics, construction materials.
Regional Insights: Asia-Pacific is Expected to Dominate the Global Phosphorescent Pigments Market
Asia-Pacific dominates the market due to the expansion of the paints and coatings industry. Furthermore, the rise in construction activities will further boost the growth of the phosphorescent pigments market in the region during the forecast period.
North America is expected to grow in 2021-2028 the phosphorescent pigments market due to the increase in commercial buildings. Moreover, the presence of some major key players is anticipated to boost the growth of the phosphorescent pigments market in the region in the coming years.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-phosphorescent-pigments-market
The prominent key players operating in the Global Phosphorescent Pigments Market include:
- Thomas Publishing Company (U.S.)
- Nemoto & Co., Ltd. (Japan)
- ARALO (Spain)
- Honeywell International Inc. (U.S.)
- Lightleader Co., Ltd. (China)
- NEMOTO PORTUGAL (Portugal)
- Tavco Chemicals, Inc. . (U.S.)
- RTP Company (Winona)
- RC Tritec LTD. (Switzerland)
- Allureglow (U.S.)
- GloNation Inc. (U.S.)
- GTA LLC. (U.S.)
- Glow Inc. (U.S.)
- GloTech International (U.A.E.)
- LuminoChem (Hungary)
- Radiant Color (Belgium)
- United Mineral and Chemical (U.S.)
- Next Generation B.V. (Netherland's)
- Kremer Pigmente (Germany)
- Badger Color Concentrates (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Global Phosphorescent Pigments Market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Phosphorescent Pigments Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
