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The competition pattern of phosphorescent pigment market has been fragmented.

Source: the time of issue:2018/1/2 Number of clicks: 1856 second

According to Transparency Market Research, the market competition pattern of phosphorescent pigments has been fragmented and there are many large market suppliers.

The market continued to expand, with an average annual compound growth rate of 4.7%.

In 2016, the global market value of phosphorescent pigments is about $500.4 billion. From 2017 to 2025, the market of phosphorescent pigments is expected to expand at a steady compound annual average growth rate of 4.7% and reach $753.2 million in 2025.

Multiple industries lead market growth

Because of the increasing use of phosphor pigments in various terminals, the market is expected to grow significantly. For example, printing and writing inks, household appliances, watches and clock dials, electronic dials and instruments, camping equipment, clothing fabrics, switches and lighting devices, signs and so on. In addition to the above purposes, in footwear, toys, textiles and other consumer goods applications, is also expected to promote the development of the phosphorescent pigment market.

In addition, phosphorescent pigments are also used as plastics additives to enhance the aesthetic appearance and luster of plastic products, so it is expected to promote market growth. However, fluorescent pigments are showing their usefulness in the field of photoluminescent products, which can absorb radiation from the environment and release light stably, which will lead to the possibility of phosphorescent pigments being replaced. The light emitted by fluorescent pigments has a longer wavelength, which is lower than the absorbed radiation energy. Phosphorescent materials do not immediately re-emit absorbed radiation, so this factor may hinder market growth.

The leading role of the Asia Pacific Region

The Asia-Pacific region is undoubtedly number one in terms of regional segmentation and is expected to continue its regional lead throughout the forecast period. The region is expected to play a leading role in terms of value and volume of transactions, while China has the largest share of the phosphorescent pigment market. It is expected that the rapid spread of urbanization and the increasing awareness of sustainable development will promote market development. Phosphorescent pigments are mostly used in the paint industry. In addition to the Asia-Pacific region, Europe is expected to witness a substantial growth in the phosphorescent pigment market. Germany is expected to achieve high-speed growth and occupy a large share of the European market, of which China's mature paint and coatings industry is the main reason for its market growth. In addition, substantial growth is expected in North America, the Middle East, Africa and Latin America.

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