Phosphorescent Pigments Market Growth Offers Room to Grow to Existing & Emerging Players

Stratview Research has published a new report titled “Phosphorescent Pigments Market” which is segmented by Product Type (Zinc Sulfide and Strontium Aluminate), by End-User Type (Paints & Coatings, Printing Inks, Plastics, Construction Materials, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, phosphorescent Pigments Market is likely to witness an impressive CAGR of 4.5% during the forecast period. Growing product demand in paints & coatings and increasing applications in various signage boards and consumer goods are the key factors fueling the growth of the market over the forecast period.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on the product type, the market is segmented as zinc sulfide and strontium aluminate. Strontium aluminate is estimated to witness high growth in the market over the forecast period on account of its superior qualities and better pricing as compared to zinc sulfide.

Based on the end-user type, the market is segmented as paints & coatings, printing inks, plastics, construction materials, and others. Paints & coatings are estimated to account for the larger share of the market over the forecast period on account of increasing demand for photo-luminescent paints in various applications, such as in interior decoration in residential and commercial construction and for manufacturing glow in the dark paints.

Which Region is expected to remain the largest market?

In terms of regions, Asia-Pacific is estimated to account for the largest share of the market owing to the considerably growing paints & coatings industry and increase in construction activities in the region with China being the regional growth engine providing lucrative growth opportunities during the forecast period.  On the other hand, North America and Europe are also estimated to witness significant growth in the market on account of a large number of commercial buildings in the U.S. and rising end-user industries in Europe, fueling the overall industry growth over the forecast period.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Phosphorescent Pigments Market:

·         GloNation LLC.

·         Glotech International

·         Honeywell International Inc.

·         LuminoChem Ltd.

·         Nemoto Lumi-Materials Company Limited

·         Next Generation B.V.

·         Radiant Color NV

·         RTP Company

·         Tavco Chemicals, Inc.

·         United Mineral and Chemical Corp.

Key questions answered by the report

-          What is the projected CAGR for revenue from the Phosphorescent Pigments Market during the forecast period?

-          What would be the market be valued at by 2026?

-          What is a major driving factor for growth of the market?

-          Which region accounted for largest revenue share in the Phosphorescent Pigments Market?

-          Which are the major market players?

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