Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
The growth of the global fluorescent pigments market is thriving on the back of the growing research and development activities for the innovation and production of high-performance pigments which has helped significantly to develop pigments with characteristics bearing resistance to light, heat, organic solvents, humidity and others, coupled with the growing application of fluorescent pigments in the medical industry. Fluorescent pigments are used as markers for performing several microbiological activities in the healthcare industry. As such, it is widely used in agriculture, medical, biology or biochemistry labs.
The global fluorescent pigments market reached a value of around USD 1100 million in the year 2018 and is expected to garner a value of around USD 1800 million by the end of 2027 by registering a CAGR of around 6% during the forecast period, i.e. 2019-2027. Further, the worldwide market of fluorescent pigments is anticipated to achieve an incremental $ opportunity of around USD 110 million in the year 2027 as compared to the previous years.
The global fluorescent pigments market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. Among these regions, the market of North America fluorescent pigments is driven by nations such as U.S. and Canada, where U.S. held the dominant market share of around 59% in the year 2018. Additionally, the market in North America held a market share of around 33% in the year 2018 and is anticipated to cross a value of around USD 600 million by the end of 2027 by registering a CAGR of around 6% during the forecast period. Moreover, the market of fluorescent pigments in North America is expected to expand by observing the growth rate of around 1.6x throughout the assessment period, which in turn is estimated to have a positive effect on the demand for fluorescent pigments in the long run.
Further, Germany, U.K., France and Italy are some of the prominent countries that are driving the growth of the Europe fluorescent pigments market, where Germany accounted for the largest market share of around 22% in the year 2018. Additionally, the market in the nation is expected to cross a value of around USD 110 million by the end of 2027 by registering a CAGR of around 6% throughout the forecast period. On the other hand, France is anticipated to grow with the highest CAGR of around 7% over the forecast period.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). CLICK TO DOWNLOAD SAMPLE REPORT
The global fluorescent pigments market has been segmented on the basis of type into daylight fluorescents, optical whiteners and inorganic fluorescents. The optical whiteners segment with around 57% share in the year 2018 occupies the largest market of fluorescent pigments across the globe. Additionally, the optical whiteners segment is anticipated to cross a value of around USD 1050 million by the end of 2027 by registering a CAGR of around 5.5% over the forecast period. Further, the daylight fluorescents segment is estimated to grow with the highest CAGR of around 7% over the forecast period.
Paints and pigments are increasingly used across end user industries including textile, construction and automobile industries owing to its durability, resistant to heat and other characteristic properties. Besides, numerous market players are increasingly focusing on to develop advanced fluorescent pigments from colorants, extenders and functional pigments, as well as develop customized pigments for various uses. Moreover, the increasing demand for fluorescent pigments from consumers owing to the availability of numerous product forms of fluorescent pigments as well as continuous research and developmental activities to develop new products by the utilization of fluorescent pigments is contributing to the rising demand for such pigments, which is also anticipated to drive the growth of the global fluorescent pigments market. Additionally, factors such as improving lifestyle of people, rising per capita income, and others are contributing to the increasing need amongst individuals for appealing products which are built with different colors. Further, developing technologies, such as 3D printing and continuous research and developmental activities are some of the additional factors anticipated to drive the growth of the global fluorescent pigments market.
Presence of stringent regulatory norms across several nations for the marketing of these pigments especially for food coloring or any other chemical effect that can be harmful in nature are some of the factors anticipated to impact negatively towards the growth of the global fluorescent pigments market.
Some of the affluent industry leaders in the global fluorescent pigments market are Radiant Color NV., Ukseung Chemical Co., Ltd., LuminoChem Ltd., Sinloihi Co. Ltd., Huangshan Jiajia Fluorescent Material Co., Ltd., Wanlong Chemical Co., Ltd., Aron Universal Limited, J Color Chemicals, Vicome Corp. and Wuxi Ming Hui International Trading Co., Ltd.
FREQUENTLY ASKED QUESTIONS
Increasing demand for fluorescent pigments from the end user industries along with development in 3D printing technology are some of the major factors that are driving the growth of the market.
The market is anticipated to attain a CAGR of around 6% over the forecast period, i.e. 2019-2027.
The market in Europe is anticipated to provide more business opportunities in the future.
The major players in the global fluorescent pigments market are Radiant Color NV., Ukseung Chemical Co., Ltd., LuminoChem Ltd., Sinloihi Co. Ltd., Huangshan Jiajia Fluorescent Material Co., Ltd., Wanlong Chemical Co., Ltd., Aron Universal Limited, J Color
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is majorly segmented by type, application, pigment state and by region.
The optical whiteners segment, which is a sub-segment of the type segment, held the largest market share of around 57% in the year 2018 and is anticipated to show significant growth opportunity.
Growing stringent norms across nations around the world is one of the major factors anticipated to act as a barrier towards the growth of the global fluorescent pigments market.
Global Fluorescent Pigments Market
Table of Contents
1. Report Overview
1.1. Global Fluorescent Pigments Market Overview
1.2. Why You Should Read This Report
1.3. How This Report Delivers
1.4. Key Questions Answered by This Analytical Report
1.5. Who is This Report For?
1.6. Methodology
1.6.1. Primary Research
1.6.2. Secondary Research
1.6.3. Market Evaluation & Forecasting Methodology
2. Introduction to the Fluorescent Pigments Market
2.1. Fluorescent Pigments Market Definition
2.2. Global Fluorescent Pigments Market Taxonomy
2.3. Global Fluorescent Pigments Market Snapshot
2.4. Global Fluorescent Pigments Market Dynamics
2.4.1. Global Fluorescent Pigments Market: Driver
2.4.2. Global Fluorescent Pigments Market: Restraints
2.5.1. Global Fluorescent Pigments Market: Trends
2.5.1. Global Fluorescent Pigments Market: Opportunities
3. Global Fluorescent Pigments Market, By Type, 2019-2027
3.1. Introduction
3.2. Global Fluorescent Pigments Market Size and Forecast, By Type
3.2.1. Daylight Fluorescents Segment
3.2.2. Optical Whiteners Segment
3.2.3. Inorganic Fluor Segment
4. Global Fluorescent Pigments Market, By Application, 2019-2027
4.1. Introduction
4.2. Global Fluorescent Pigments Market Size and Forecast, By Application
4.2.1. Printing Ink Segment
4.2.2. Paints & Coatings Segment
4.2.3. Colored Papers Segment
4.2.4. Textile Segment
4.2.5. Plastics Segment
4.2.6. Other Application Segment
5. Global Fluorescent Pigments Market, By State, 2019-2027
5.1. Introduction
5.2.1. Powdered State Segment
5.2.2. Aqueous State Segment
6. Global Fluorescent Pigments Market, By Region, 2019-2027
6.1. Introduction
6.2. Global Fluorescent Pigments Market Size and Forecast, By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. Asia Pacific
6.2.5. Middle East and Africa
7. North America Fluorescent Pigments Market Analysis and Forecast, 2019-2027
7.1. Introduction
7.1.1. North America
7.2. North America Fluorescent Pigments Market Forecast, By Country, 2019-2027
7.3. North America Fluorescent Pigments Market Forecast, By Type, 2019-2027
7.4. North America Fluorescent Pigments Market Forecast, By Application, 2019-2027
7.5. North America Fluorescent Pigments Market Forecast, By State, 2019-2027
8. Latin America Fluorescent Pigments Market Analysis and Forecast, 2019-2027
8.1. Introduction
8.1.1. Latin America
8.2. Latin America Fluorescent Pigments Market Forecast, By Country, 2019-2027
8.1. Latin America Fluorescent Pigments Market Forecast, By Type, 2019-2027
8.2. Latin America Fluorescent Pigments Market Forecast, By Application, 2019-2027
8.3. Latin America Fluorescent Pigments Market Forecast, By State, 2019-2027
9. Europe Fluorescent Pigments Market Analysis and Forecast, 2019-2027
9.1. Introduction
9.1.1. Europe
9.2. Europe Fluorescent Pigments Market Forecast, By Country, 2019-2027
9.3. Europe Fluorescent Pigments Market Forecast, By Type, 2019-2027
9.4. Europe Fluorescent Pigments Market Forecast, By Application, 2019-2027
9.5. Europe Fluorescent Pigments Market Forecast, By State, 2019-2027
10. Asia Pacific Fluorescent Pigments Market Analysis and Forecast, 2019-2027
10.1. Introduction
10.1.1. Asia Pacific
10.2. Asia Pacific Fluorescent Pigments Market Forecast, By Country, 2019-2027
10.3. Asia Pacific Fluorescent Pigments Market Forecast, By Type, 2019-2027
10.4. Asia Pacific Fluorescent Pigments Market Forecast, By Application, 2019-2027
10.5. Asia Pacific Fluorescent Pigments Market Forecast, By State, 2019-2027
11. Middle East & Africa Fluorescent Pigments Market Analysis and Forecast, 2019-2027
11.1. Introduction
11.1.1. MEA
11.2. MEA Fluorescent Pigments Market Forecast, By Country, 2019-2027
11.3. MEA Fluorescent Pigments Market Forecast, By Type, 2019-2027
11.4. MEA Fluorescent Pigments Market Forecast, By Application, 2019-2027
11.5. MEA Fluorescent Pigments Market Forecast, By State, 2019-2027
12. Company Profiles
12.1. RADIANT COLOR N.V.
12.1.1. Overview
12.1.2. Product Type/Service Offerings
12.1.3. Key Developments
12.2. UKSEUNG CHEMICAL CO., LTD
12.2.1. Overview
12.2.2. Product Type/Service Offerings
12.2.3. Key Developments: NA
12.3. LUMINOCHEM LTD
12.3.1. Overview
12.3.2. Product Type/Service Offerings
12.3.3. Key Developments: NA
12.4. SINLOIHI CO.LTD
12.4.1. Overview
12.4.2. Product Type/Service Offerings
12.4.3. Key Developments: NA
12.5. HUANGSHAN JIAJIA FLUORESCENT MATERIAL CO., LTD
12.5.1. Overview
12.5.2. Product Type/Service Offerings
12.5.3. Key Developments: NA
12.6. WANLONG CHEMICAL CO., LTD
12.6.1. Overview
12.6.2. Product Type/Service Offerings
12.6.3. Key Developments: NA
12.7. ARON UNIVERSAL LIMITED
12.7.1. Overview
12.7.2. Product Type/Service Offerings
12.7.3. Key Developments: NA
12.8. J COLOR CHEMICALS
12.8.1. Overview
12.8.2. Product Type/Service Offerings
12.8.3. Key Developments: NA
12.9. VICOME CORP
12.9.1. Overview
12.9.2. Product Type/Service Offerings
12.9.3. Key Developments: NA
12.10. WUXI MINGHUI INTERNATIONAL TRADING CO., LTD
12.10.1. Overview
12.10.2. Product Type/Service Offerings
12.10.3. Key Developments: NA
13. Acronyms
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