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Phosphorescent Pigments Market to Gain Remarkable Traction from End-User Segment By 2024

Author : Ronak Bora | Published Date : 2019-08-05 

Based on end-user, the phosphorescent pigments market is diversified into construction materials, paints & coatings, plastics, printing inks and others including electronics, textile, rubber, etc. These materials are applied in safety passage, factories, stations, ships, public buildings, etc. to help people to find the rescue way in dark environment. Construction materials such as decorative pieces will account for a significant market share owing to buying power of consumers around the globe.

An exclusively discernible example of an industry famous among all and sundry, though not by its christened name, phosphorescent pigments market stands as one of most popularly reputed spheres at the grassroot level. Owing to their widespread popularity, phosphorescent pigments industry players have been continually involved in R&D programs that would enhance the application landscape of this business sphere. Say for instance, the Urban Redevelopment Authority (URA), as recent as early 2017, tested four different types of surface materials on a 1,300-foot stretch of Singapore’s Rail Corridor behind a metro station in Bukit Panjang, in order to make the trial safer and more reliable for public use, without the necessity for street lighting. While the response to the luminous trail has been slightly underwhelming, it has been satisfying enough for the notion to gain weightage, prompting regional phosphorescent pigments market players to expand their R&D programs and explore the idea further with regards to practical implementation.

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Phosphorescent pigments market outlook characterized by myriad R&D programs

As on today, ‘glow in the dark’ paint is being deployed across a plethora of applications in order to reduce energy consumption, which may substantially pave the way for phosphorescent pigments market expansion. Phosphorescent paint for instance, is being used to create luminous cement, that may transform the way the urban landscape is lit. Phosphorescent pigments industry firms have even been researching ways of developing ‘glow in the dark’ plants, that may direct the global populace toward a more sustainable and eco-friendly lifestyle. The pigments are specifically used for emergency exit signages, given the gravity of the situation. In fact, just recently, Councilor Mabel Acosta of Philippines stated that it would be mandatory for all the establishments to install glowing emergency exits that may help people escape during unforeseen calamities.

On the basis of product, the phosphorescent pigments market is bifurcated into strontium aluminate and zinc sulfide. Zinc sulfide is the most commonly used pigment, owing to low price and easy availability, as compared to strontium aluminate and has a higher industry share. On the contrary, strontium aluminate is likely to have a high growth rate owing to its 10 times high luminous power than zinc sulfide. Replacement of zinc sulfide and increasing use of strontium aluminate will fuel the product market in coming years.

Growing automotive production and construction activities in Asia-Pacific region will provide the region more than half of the global market share. The product use to manufacture automobile parts and construction materials with better quality and aesthetic look will spur the phosphorescent pigments market in next seven years down the line.

Some renowned market players providing immense contribution to the phosphorescent pigments market are Honeywell, Nemoto Lumi-Materials, LuminoChem Ltd and Glotech International. Other notable players include Lightleader, Radiant Color, Tavco Chemicals, RTP Company, United Mineral and Chemical Corp., Allureglow International, and RC Tritec.

Glimpse of Table of Content (ToC)

Chapter 3. Phosphorescent Pigments Market Insights

3.1. Phosphorescent Pigments Market segmentation

3.2. Phosphorescent Pigments Market size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.  Profit margin analysis

3.3.2.   Value addition at each stage

3.3.3.  Distribution channel analysis

3.3.4.  Vendor matrix

3.3.4.1.  List of key manufacturers/suppliers

3.3.4.2.  List of key/potential customers

3.4. Raw material trends

3.5. Technology trends

3.6. Industry impact forces

3.6.1.  Growth drivers

3.6.1.1.  Global drivers

3.6.1.1.1.  Increasing product application in signage boards

3.6.1.1.2.  Rising paints & coatings demand

3.6.1.2.  Regional drivers

3.6.1.2.1.  Plastic films & sheets market growth in Asia Pacific

3.6.2.  Industry pitfalls & challenges

3.6.2.1.  Availability of fluorescence and other light emitting substances

3.6.2.2.  High raw material prices

3.7. Regulatory landscape

3.7.1.  U.S.

3.7.2.  Europe

3.7.3.  China

3.8. Growth potential analysis

3.9. Competitive landscape

3.9.1.  Company market share, 2016

3.9.2.  Strategy dashboard

3.9.3.  Patent analysis

3.10.  Porter's analysis

3.10.1. Supplier power

3.10.2. Buyer power

3.10.3. Threat of new entrants

3.10.4. Threat of substitutes

3.10.5. Industry rivalry

3.11.  Regional price trends

3.11.1. Cost structure analysis

3.11.1.1. R&D cost

3.11.1.2. Manufacturing & equipment cost

3.11.1.3. Raw material cost

3.11.1.4. Distribution cost

3.11.1.5. Operating cost

3.11.1.6. Miscellaneous cost

3.11.2. Price by product

3.12.  PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/phosphorescent-pigments-market

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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