According to a recently published report by Research Nester on “Fluorescent Pigments Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the fluorescent pigments market in terms of market segmentation by type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Color and appearance of the ink is the attractive property for the customers. Creative methods have been adopted by the designers for using fluorescent products in order to enhance the sales of the product. Moreover, rise in the living standards and increase in per capita income of the people in developing countries has led to a shift in the consumer preference towards attractive packaged products. Furthermore, investments in R&D activities for developing innovative products, improvements in the field of 3D printing and introduction of new technologies have contributed to the growth of the market. On account of these factors, the global fluorescent pigment market is anticipated to record a CAGR of around 8.7% over the forecast period i.e. 2019-2027.
The market is segmented by type into daylight fluorescents, organic fluorescents, optical whiteners and others out of which, optical whiteners segment is anticipated to have leading shares owing to high penetration of optical whiteners in various applications such as textiles, plastics and paper. The market is further segmented by application into colored paper, plastics, textiles, paint & coating, printing ink and others out of which, printing ink segment is anticipated to have significant growth on the back of rise in demand for attractive and pleasing packaging by the consumers.
Asia Pacific region is estimated to have leading shares on account of increasing demand for fluorescent pigments in various applications such as printing ink, packaging materials. North America region is expected to witness significant growth and U.S. being the largest market in the region owing to huge demand for fluorescent pigments for packaging and display of safety instructions. Europe is projected to witness moderate growth on the back of economic slowdown and sluggish development of end users.
Wide Usage in Various Applications
The manufacturers in the segment of fluorescent pigments are focusing on using substantial number of colorants, functional pigments in order to formulate pigments that can be adopted by various industries. These pigments have fast growth in urbanization, construction, and textile and plastics industry. These pigments are used in automotive industry attributed to their durable properties. They have high demand in developing countries like India and China. These factors are expected to drive the growth of the fluorescent pigments market during the forecasted period.
The negative impact of fluorescent pigments on environment and processing difficulties while handling fluorescent colors, high cost of new technologies and use of heavy metals in manufacturing of these pigments are expected to hamper the growth of the market during the forecasted period.
This report also provides the existing competitive scenario of some of the key players of the fluorescent pigments market which includes company profiling of Wanlong Chemical Co., Ltd, DayGlo Color Corp, Luminochem, DANE Color Group, Organic Dyes & Pigments, Radiant Color, and Brilliant Fluorescent
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the fluorescent pigments market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.