The fluorescent pigments market is projected to be worth USD 543.6 million by 2030, registering a CAGR of 4.9% during the forecast period (2021–2028).
Industries such as packaging, automotive, textiles, printing inks, colored papers, and paints and coatings are expected to contribute significantly to the market growth. This will happen especially with changes in the market and consumer preferences. Better research and development projects and the inclusion of 3D printing will also boost the market.
Division:
The global fluorescent pigment market has been segmented into types and applications by experts at MRFR. These experts gathered information from the market and looked for clear charts and figures to make credible claims. These arguments will help players devise strategies that benefit the market.
The global market report discussing Fluorescent Pigments by Type has been segmented into Inorganic Fluorescent, Optical Brightener, and Daylight Fluorescent. The optical whitening agent segment has market dominance with strong demand in industries such as textiles and plastics. The segment will also retain its dominance. The global market for optical whitening agents is a multi-billion dollar industry.
The global report with details of the fluorescent pigments market by application includes paints coatings, colored papers, printing inks, plastics, textiles, and others. The printing inks segment is expected to rise at the fastest CAGR during the forecast period, owing to increasing demand for components in the packaging industry.
Regional analysis:
Rapidly growing industries in Asia Pacific are expected to propel the global fluorescent pigments market. Countries such as India, China, Japan and South Korea will make progress as they invest more in their relevant markets to create huge demand.
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Competition landscape:
Global market analysis of fluorescent pigments is provided by UKSEUNG CHEMICAL CO., LTD. (Korea), LuminoChem Ltd. (Hungary), Radiant Color NV (Belgium), Huangshan Jiajia Fluorescent Materials Co., Ltd. (China), DAI NIPPON TORYO CO., LTD. (Japan), Aron Universal Limited (India), Wanlong Chemical Co., Ltd. (China), Vicom Corp. (Taiwan), J COLOR CHEMICALS (China) and MingHui Wuxi (China). These companies are taking a strong stance by implementing several tactical moves. Moves such as mergers, acquisitions, collaborations, etc. will help improve the company’s portfolio. Other avenues such as increased investment in research and development, better branding and launch strategies will also help in planning for market expansion.
Industry News:
BMW has made significant strides with the Limelight i8 model. They found a new way to give their car models a shiny look by incorporating fluorescent pigments Research Assumptions. This initiative by BMW Italia has helped the company present its cars with a forward-looking look.
The global fluorescent pigment market is expected to suffer from blockade measures by country. As a result of the Corona 19 analysis of the fluorescent pigment market, obstacles were revealed in the suspended automobile sector, textile industry, and printing ink. The market also faces challenges in transportation and logistics. These factors are proving detrimental to market growth.
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1 summary
2 Report scope
2.1 Market definition
2.2 Research scope
2.2.1 Research purpose
2.2.2 Assumptions and limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research process
3.2 Secondary research
3.3 Primary research
3.4 Prediction Model
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4 market scenery
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of new entrants
4.1.2 Buyer’s Bargaining Power
4.1.3 Substitute threat
4.1.4 Segment Competition
4.2 Global Luminescent Pigments Market Value Chain/Supply Chain
Market research future information:
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