Fluorescent Pigment Market Estimated to Reach $498 million by 2028 Globally, at a CAGR of 5.7%, says MarketsandMarkets™

Chicago, Feb. 19, 2024 (GLOBE NEWSWIRE) — The Global Fluorescent Pigment Market size is projected to reach USD 498 million by 2028, at a CAGR of 5.7 % from USD 377 million in 2023, as per the recent study by MarketsandMarkets™. The growth in emerging markets and increased use in security and anti-counterfeiting measures will contribute to the rapid growth in the demand for fluorescent pigment. 

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List of Key Players in Fluorescent Pigment Market:

Radiant Color NV (Belgium)
Luminochem (Hungary)
Wanlong Chemical Co., Ltd. (China)
Sinloihi Co., Ltd. (Japan)
Wuxi Minghui International Trading Co., Ltd. (China)
DayGlo Color Corp. (US)
Aron Universal Limited (India)
Vicome Corp. (China)
Hangzhou Aibai Chemical Co., Ltd. (China)
Brilliant Group Inc. (US)
Others

Drivers, Restraints, Opportunities and Challenges in Fluorescent Pigment Market:

Drivers: Growth in emerging markets
Restraints: Elevated cost of fluorescent pigment
Opportunity: Expanding use in 3D printing
Challenge: Complex manufacturing process

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Key Findings of the Study:

Organic fluorescent pigment is projected to be the largest formulation of fluorescent pigment, in terms of value, during the forecast period.
Printing inks/Graphics arts is the fastest growing application of the fluorescent pigment, in terms of value.
Asia Pacific captures the largest share in the fluorescent pigment market during the forecast period, in terms of value.

Based on Intensity type, the fluorescent pigment market has been segmented into high intensity, medium intensity, and Low Intensity. High-intensity fluorescent pigments, characterized by their vibrant and eye-catching hues, find extensive use in sectors such as signage, advertising, and safety markings. These pigments are favored for standing out prominently even in challenging lighting conditions. Medium-intensity fluorescent …

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