Global Phosphorescent Pigments Market is projecting a rise in estimated value, registering a substantial CAGR of 5.2% in the forecast period of 2019-2026 due to increase in demand in paints & coatings, rise in application of Phosphorescent Pigments in signage boards and rise in demand by various sectors such as automotive, aerospace and among others.

Key Market Competitors:

Few of the major competitors currently working in the global phosphorescent pigments market are Thomas Publishing Company, Nemoto & Co.,Ltd, ARALON, Honeywell International Inc., Lightleader Co.,Ltd, NEMOTO PORTUGAL, Tavco Chemicals, Inc, RTP Company, RC Tritec LTD., Allureglow USA, GloNation Inc., GTA LLC, Glow Inc, and among others

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Phosphorescence is a type of photoluminescence. The Phosphorescent pigment absorbs the light energy during day time and used for re-emission purpose again in the form of light.

However, the re-emission process is quite slow and lasts for a longer period of time. The phosphorescent pigments are manufactured from phosphors. Phosphorescent materials are used in the glowing toys, watches and clothes.  Phosphorescent pigments are mixed with the paints for the glowing effect.

Segmentation: Global Phosphorescent Pigments Market

By Type (Organic Phosphorescent Pigment, Inorganic Phosphorescent Pigment)
By Application (Plastic, Paints and Coatings, Healthcare, Inks, Textile Industry, Others)
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Market Drivers:

Increase in demand in paints & coatings would enhance the market growth
Rise in application of Phosphorescent Pigments in signage boards can act as a catalyst for the growth of the market
Rise in applications in consumer products such as shoes and clothing also enhances the market growth
Rise in demand by various sectors such as automotive, aerospace, consumer goods, etc also boosts this market growth
Market Restraints:

Fluctuations in prices of raw material can restrict the market growth
Delay in re-emission of absorbed light can also hamper the market
Presence of alternatives in market such as fluorescent pigments could even hinder the market growth
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Current and future of global anesthesia monitoring market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
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Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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