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Fluorescent pigments are incredible materials that possess the remarkable ability to reflect colored light and emit fluorescent light without the need for any external energy source. These pigments are formulated using dyed organic polymers, which act as solvents for the fluorescence dyestuff. Unlike regular colors, fluorescent pigments not only reflect light but also emit their own radiant glow, creating a captivating visual effect.
In light of the COVID-19 pandemic, the global fluorescent pigment market has experienced significant fluctuations. In 2022, the market size was estimated to be approximately US$ 352.2 million. However, as we look ahead to 2030, the market is projected to readjust and reach a substantial size of US$ 718.5 million, with a promising compound annual growth rate (CAGR) of 10% during the forecast period from 2023 to 2029. It is important to consider the economic impact of this health crisis, as it has influenced the market dynamics. Specifically, the thermoset type of fluorescent pigment is expected to hold a significant share of the global market in 2022, amounting to US$ 1.2 million by 2030, exhibiting a revised CAGR from 2023 to 2030. Additionally, the paints and coatings industry segment will witness notable changes, presenting a remarkable CAGR throughout the forecast period.
Key players in the fluorescent pigment sector include DayGlo (RPM International), iSuoChem (i-Sourcing International), and UKSEUNG, which accounted for 27.24%, 10.2%, and 6.86% of the revenue in 2019, respectively. These major traders play a crucial role in shaping the market landscape and driving innovation in the industry.
Global Fluorescent Pigment Scope and Market Size
The global fluorescent pigment market is comprehensively segmented based on factors such as company, region (country), type, and application. This segmentation allows market players, stakeholders, and other participants to gain valuable insights and leverage the report as a powerful resource. The segmental analysis focuses on sales, revenue, and forecasts by region (country), type, and application for the period from 2018 to 2029.
Segment by Type
Thermoset Type Fluorescent Pigment
Thermoplastic Type Fluorescent Pigment
Others
Segment by Application
Plastics Industry (Extrusion, injection moulding, blow moulding, film blowing)
Paints and Coatings Industry (Solvent based paints, paper coatings, powder paints, aerosol paints)
Printing Inks Industry (Solvent based inks, screen inks, gravure inks, printing inks)
Others (Textiles, toys, slime, waxes, candles, bags, pens and others)
By Region
China
United States
Europe
Japan
Southeast Asia
India
Other Regions
By Company
DayGlo (RPM International)
iSuoChem (i-Sourcing International)
UKSEUNG
SINLOIHI (DAI NIPPON TORYO)
Jiangxi Longyuan Chemical Co. LTD
J Color Technologies
Jiaoling Bailin Fluorescence Technology Co. LTD
Huikang Fluorescence Technology
With its wide range of applications and diverse market segments, the global fluorescent pigment market presents lucrative opportunities for growth and innovation. As the demand for vibrant and visually appealing materials continues to rise across industries, the future of fluorescent pigments shines brightly.
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