Global Phosphorescent Pigments Market is Projected to Reach US$753.2 Mn at a Steady 4.7% CAGR by 2025 - Transparency Market Research

ALBANY, New York, January 4, 2018 /PRNewswire/ --

Thanks to the presence of a significantly large pool of established players, the global phosphorescent pigments market is demonstrating a highly fragmented and competitive business landscape, finds Transparency Market Research (TMR) in a new report. The leading vendors of phosphorescent pigments, namely, GloTech International, Honeywell International, LuminoChem, Nemoto Lumi-Materials, Kremer Pigmente, Badger Color Concentrates, and Allureglow International, are focusing substantially on R&D activities in the field of phosphorescent pigments in an effort to overshadow their rivals. These enterprises are also projected to focus on regional expansion to strengthen their presence over the next few years, states the research report.

As per TMR's projections, the opportunity in the worldwide phosphorescent pigments market, which was worth US$500.4 mn in 2016, is anticipated to expand at a CAGR of 4.70% during the period from 2017 to 2025 and touch the mark of US$753.2 mn by the end of the period of the forecast. Strontium aluminate and zinc sulphide are the two main products available in this market. The price of strontium aluminate is much higher than zinc sulphide pigments. Regionally, the market is segmented into the Middle East and Africa, Asia Pacific, North America, Europe, and Latin America. Among these, Asia Pacific has surfaced as the key contributor to the global market. Researchers at TMR anticipate this scenario to remain so over the forth coming years. Europe is also projected to report significant rise in its market for phosphorescent pigments in the near future, notes the research study.

Get a PDF Brochure for this Research Report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=36542

Widening Application Base of Phosphorescent Pigments to Support Market's Growth  

"The rising utilization of phosphorescent pigments in a number of end users, such as the writing and printing inks, watch and clock dials, home appliances, home appliances, electronic instruments and dial pads, fabrics, camping equipment, signboards, and the switches and lighting apparatus industries, is the key factor behind this noticeable growth of the global market for phosphorescent pigments," says a TMR analyst. Apart from this, the rising applications of these pigments in a number of consumer products, such as printing on toys, footwear, and textiles, is also propelling this market considerably.

Over the forthcoming years, the increasing usage of phosphorescent pigments as additive to plastics in order to enhance the aesthetic appearance of plastic products is likely to support the worldwide market for phosphorescent pigments, states the market report.

Request a Custom Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=36542

Advent of Fluorescent Pigments as Substitutes to Hamper Progress 

On the other hand, the rising preference for fluorescent pigments, readily emitting light as absorbed from the ambient radiation, in the photoluminescence sector may hamper the growth of the phosphorescent pigments market across the world. Since the light emitted by fluorescent pigments has an elongated wavelength, it is lower on energy than the absorbed radiation.

As phosphorescent materials do not re-emit the absorbed radiation immediately, this factor may hinder the growth of this market in the years to come, states the research report.

The review is based on a report by Transparency Market Research, titled "Phosphorescent Pigments Market (Product - Zinc Sulphide and Strontium Aluminate; Applications - Paints and Coatings, Plastics, Printing Inks, and Textiles) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025."

Purchase Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=36542&ltype=S

The global phosphorescent pigments market to be segmented into:

By Product 

• Zinc Sulphide
• Strontium Aluminate

By Application 

• Paints and Coatings
• Plastics
• Printing Inks
• Textiles
• Others (Construction materials, toys, glassware)

By Region 

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • GCC
  • Rest of Middle East & Africa

Popular Research Reports by TMR:  

• Specialty Fertilizers Market: https://www.transparencymarketresearch.com/specialty-fertilizers-market.html
• Fungicides Market: https://www.transparencymarketresearch.com/fungicides-market.html

About Us 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Research Blog: https://cmfenews.com/