Global Fluorescent Pigment Market, By Type (Organic Fluorescent Pigment and Inorganic Fluorescent Pigment), Intensity (High, Medium, Low), Application (Inks, Paints and Coatings, Textiles, Plastics, Construction, and Others) - Industry Trends and Forecast to 2031.
Fluorescent Pigment Market Analysis and Size
The global fluorescent pigment market is poised for steady growth, driven by increasing demand from various industries such as paints and coatings, plastics, printing inks, and textiles. Rising awareness about the aesthetic appeal and functional properties of fluorescent pigments, coupled with expanding applications in safety and security sectors, fuels market expansion. Additionally, technological advancements in pigment production and growing environmental concerns favor the market's evolution. With Asia-Pacific emerging as a key growth region due to industrialization and urbanization, the market is expected to witness sustained growth in the foreseeable future.
Data Bridge Market Research analyses that the global fluorescent pigment market was valued at USD 401.8 million in 2023 is expected to reach the value of USD 650.14 million by 2031, at a CAGR of 6.2% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Organic Fluorescent Pigment and Inorganic Fluorescent Pigment), Intensity(High, Medium, Low), Application (Inks, Paints and Coatings, Textiles, Plastics, Construction, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Day-Glo Color Corp. (U.S.), Dane Color UK Ltd. (UK), China Wanlong Chemical Co., Ltd. (China), Brilliant Group Inc. (U.S.), Radiant Color NV (Belgium), RPM International Inc. (U.S.), Ferro Corporation (U.S.), Suzhou Ruihong Electronic Chemical Co., Ltd. (China), Merck KGaA (Germany), Spectra Colors Corporation (U.S.), Umicore (Belgium), Yipin Pigments, Inc. (U.S.), Toyo Ink Group (Japan), Eckart GmbH (Germany), Dynasty Chemicals (Ningbo) Co., Ltd. (China), Cathay Industries (U.S.), Arsons Chemicals (U.S.), Willing New Materials Technology Co., Ltd. (China), China Glaze Co. Ltd. (China), and Vicome Corp (U.S.).
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Market Opportunities
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Market Definition
Fluorescent pigments are synthetic compounds that possess the unique ability to absorb light at certain wavelengths and emit light at longer wavelengths, resulting in a vibrant and glowing appearance. These pigments are commonly used in various applications such as paints, coatings, plastics, printing inks, textiles, and security features due to their high visibility under both natural and artificial light.
Gglobal Fluorescent Pigment Market Dynamics
Drivers
- Increasing Demand from the Safety and Security Sector
The escalating emphasis on visibility and aesthetics across industries is propelling the global fluorescent pigment market forward. One significant driver for this market is the increasing demand from the safety and security sector. Fluorescent pigments possess unique properties that make them highly visible under various lighting conditions, including low light and UV light. This visibility is crucial for applications such as safety signs, road markings, emergency exits, and high-visibility clothing, where enhanced visibility is essential for accident prevention and quick identification. As safety regulations become stricter and awareness of safety measures rises, the demand for fluorescent pigments in these applications grows accordingly.
- Rising Demand for Vibrant and Eye-Catching Colors
The rising demand for vibrant and eye-catching colors across diverse industries acts as a significant driver for the global fluorescent pigment market. These pigments offer intense and striking color effects, making them highly sought-after in applications spanning paints, coatings, printing inks, plastics, textiles, and cosmetics. As consumers increasingly gravitate towards visually appealing products, manufacturers leverage fluorescent pigments to enhance the attractiveness and appeal of their offerings, driving market growth. This trend underscores the crucial role of fluorescent pigments in meeting the evolving preferences of consumers and businesses for bold and attention-grabbing colors across a broad spectrum of applications.
Opportunity
- Increasing Utilization of Fluorescent Pigments in Emerging Applications
The increasing utilization of fluorescent pigments in emerging applications such as security printing, textiles, and 3D printing opens up new avenues for market penetration and diversification. By leveraging these opportunities and addressing evolving customer needs, the global fluorescent pigment market is poised for sustained growth and innovation in the coming years.
- Innovative Product Development
Continuous innovation in pigment formulation and manufacturing processes opens doors for the development of new and improved fluorescent pigment varieties. Companies can capitalize on this opportunity by introducing novel products with enhanced performance characteristics, such as increased stability, durability, and color range.
Restraints
- Fluctuating Raw Material Prices
Fluctuating raw material prices pose a significant challenge for the global fluorescent pigment market. The market heavily relies on various raw materials, including aromatic hydrocarbons, solvents, resins, and pigments. Any fluctuations in the prices of these raw materials can directly impact production costs and profitability for manufacturers. Several factors contribute to the volatility of raw material prices. These include changes in supply and demand dynamics, geopolitical tensions affecting resource availability, currency fluctuations, and environmental regulations impacting extraction or production processes.
This global fluorescent pigment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global fluorescent pigment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In April 2022, Ferro Corporation, a leading global supplier of technology-based functional coatings and color solutions, announced that the previously announced acquisition of Ferro by Prince International Corporation has been completed. This acquisition will help in expanding the company portfolio and increase the company’s product revenue
Global Fluorescent Pigment Market Scope
The global fluorescent pigment market is segmented on the basis of product, source and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Acid
- Basic
- Reactive
- Direct
- Disperse
- Sulphur
- Others
Source
- Animal
- Plant
- Minerals
Application
- Paints and Coatings
- Textiles
- Plastics
- Printing Inks
- Others
Global Fluorescent Pigment Market Regional Analysis/Insights
The global fluorescent pigment market is analyzed and market size insights and trends are provided by product, source and application as referenced above.
The countries covered in the global fluorescent pigment market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
Asia-Pacific is the fastest growing and is expected to dominate region due to the increasing application of fluorescent pigments in paint, packaging materials, printing ink, and coatings in the region that is propelling the market growth.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Fluorescent Pigment Market Share Analysis
The global fluorescent pigment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global fluorescent pigment market.
Some of the major players operating in the global fluorescent pigment market are:
- Day-Glo Color Corp., (U.S.)
- Dane Color UK Ltd., (UK)
- China Wanlong Chemical Co., Ltd., (China)
- Brilliant Group Inc., (U.S.)
- Radiant Color NV, (Belgium)
- RPM International Inc., (U.S.)
- Ferro Corporation, (U.S.)
- Suzhou Ruihong Electronic Chemical Co., Ltd., (China)
- Merck KGaA, (Germany)
- Spectra Colors Corporation, (U.S.)
- Umicore, (Belgium)
- Yipin Pigments, Inc., (U.S.)
- Toyo Ink Group, (Japan)
- Eckart GmbH, (Germany)
- Dynasty Chemicals (Ningbo) Co., Ltd., (China)
- Cathay Industries, (U.S.)
- Arsons Chemicals, (U.S.)
- Willing New Materials Technology Co., Ltd., (China)
- China Glaze Co. Ltd., (China)
- Vicome Corp, (U.S.)
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