Fluorescent Pigment Market – Overview
Fluorescent Pigment are widely used in numerous end use application such as plastics, printing ink, paints & coatings, colored papers, textile, and others. The market is estimated to witness moderate growth owing to their usage in various end use industries specifically in textile, automotive, building & construction, and others. On the basis of the end use application segment, printing ink is projected to register strong growth followed by plastics owing to growing consumer’s per capita disposable income along with increasing consumer appealing packaging in developing across the globe. Furthermore, growing packaging and textile manufacturing base in emerging economies coupled with growing need for high quality Fluorescent Pigment is anticipated to propel the growth of the market over the assessment period.
Geographically, Asia Pacific accounted for the largest market share for Fluorescent Pigment in 2016, followed by North America which is further trailed by Europe. The North American Fluorescent Pigment Market is projected to witness moderate growth over the assessment period owing to substantial growth of healthy growth of textile sector and improving demand for colored papers sector in this region. In North America, the market is further categorized into Canada and the U.S., among these the U.S. is anticipated to hold major regional market share of Fluorescent Pigment on account of robust presence of key operating players in this region. Asia Pacific is estimated to witness above average growth over the forecast period in Fluorescent Pigment Market during 2017 to 2023. The demand for Fluorescent Pigment is estimated to raise in numerous countries of Asia Pacific such as Malaysia, Taiwan, India, China, South Korea, the Philippines, Japan, and Indonesia on account of rising population along with shifting of manufacturing base for most of the matured market players in this region. In Europe, Fluorescent Pigment Market is anticipated to register moderate growth due to shifting consumer preference towards the fluorescent pigment based products coupled with high adoption rate in several end use industries specifically in France, Belgium, Spain, UK, Germany, Poland, Italy, and Russia. In addition, various countries of the Middle East & Africa and Latin America are anticipated to witness moderate growth in fluorescent pigment on account of growing disposable income along with sales of Fluorescent Pigment based product specifically in Peru, Chile, Mexico, Argentina, Brazil, and Venezuela along with expanding paints and coatings manufacturing hubs specifically in Oman, Israel, Saudi Arabia, Qatar, UAE, Kuwait, and Turkey.
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Industry/ Innovation/ Related News:
June 2016– Sawgrass, a leader in offering dye sublimation announced to launch new Sublijet-HD Fluorescent Inks for a broad range of application. With this product launch the company will strengthen its position across the globe.
October 2016- Ferro Corporation acquired Cappelle Pigments, a global leader in high performance organic and inorganic pigments used in plastics, inks, and coatings. This strategic move will help company to strengthen their color solution business by facilitating their expansion into the high performance specialty organic market.
June 2016- BASF SE announced to launch their Color & Effects brand. This product launch will expand product portfolio and help company to grow and develop their business. This strategic business move will help company to strengthen their position across the globe.
March 2017- LANXESS, a global leader in specialty chemical company announced to launch a new generation of iron oxide red pigments. This pigment is manufactured by Ningbo process and will help company to strengthen their position across the globe.
The Fluorescent Pigment Report has analysed the level of competition among the major manufacturers in fluorescent pigment market as well as sector growth and market scenario. The global fluorescent pigment market comprises of broad range of suppliers operating in the market which includes large scale and medium scale manufacturers. The noticeable operating players of Fluorescent Pigment and medium level producers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as small level and medium level suppliers belongs to this region specifically from Bangladesh, China, the Philippines, Taiwan, South Korea, Indonesia, India, Singapore, Malaysia, Australia, Japan, and Thailand. In addition, the key operating players of fluorescent pigment are observed to follow numerous strategic plans to improve their product portfolio such as joint ventures, product launches, distribution agreements, strategic acquisition and mergers, and exclusive agreements. Key operating players in this market are anticipated to expand their production capacity of fluorescent pigment to meet the increasing demand for Fluorescent Pigment worldwide.
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