Global Fluorescent Pigments Market Growth Insight 2022: Covid-19 Impact on Leading Manufacturers Analysis with Industry Size & Share, Business Overview Forecast by 2031

Kenneth Research recently added a report on Global Fluorescent Pigments Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that, Europe is the second largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years. In the year 2018, out of the top 10 chemical producing countries in the world, two countries belonged to Europe that generated a sales revenue of 19.1% of the total sales revenue globally. Moreover, the sales of chemicals in Europe grew from 2017 by 2.8% in 2018.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Fluorescent Pigments Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Global Fluorescent Pigments Market Analysis – 2018-2027

Fluorescent pigment demonstrates specific color when light of a particular wavelength is discharged on it. These pigments can absorb visible and non- visible electromagnetic radiations and they shine when they are exposed to UV frequencies. They have numerous properties that make them suitable for reporting and labeling of various processes and structures. Some of the pigments are also able to withstand or adjust to bad weather conditions, resistance against heat and chemicals and high temperature making them preferable for different applications.

“The CAGR value Could change due to COVID-19 Pandemic on Global Industry”

The global fluorescent pigments market is anticipated to achieve a CAGR of around 6% over the forecast period, i.e. 2019-2027. Factors such as increasing application of fluorescent pigments in the agriculture, medical, biological or biochemistry labs for performing several microbiological activities, coupled with the continuous research and development activities for the innovation and production of high-performance pigments are anticipated to contribute significantly towards the growth of the global fluorescent pigments market.

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Additionally, rising demand for fluorescent pigments from the end user industries, increasing demand for colorful packaging for appealing products along with the development in 3D printing technology are some of the factors anticipated to drive the growth of the global fluorescent pigments market.

The global fluorescent pigments market consists of various segments that are segmented by type, application, pigment state and by region. The application segment is further sub-divided into printing ink, paints & coatings, colored papers, textile, plastics and others. Out of these, the printing ink segment is anticipated to hold the largest market share of around 47% in the year 2027 and further cross a value of around USD 880 million by the end of 2027 by growing at a CAGR of around 6% throughout the forecast period.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

Based on region, the global fluorescent pigments market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, which had accounted for 26% share in the year 2018, is estimated to witness the highest CAGR of around 7% over the forecast period. The market in the region is further anticipated to cross a value of around USD 500 million by the end of 2027 and is primarily driven by nations such as China, Japan, South Korea and India, where China held the largest market share of around 23% in the year 2018.

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Study on Leading Companies Mentioned in This Report:

Some of the affluent industry leaders in the global fluorescent pigments market are Radiant Color NV., Ukseung Chemical Co., Ltd., LuminoChem Ltd., Sinloihi Co. Ltd., Huangshan Jiajia Fluorescent Material Co., Ltd., Wanlong Chemical Co., Ltd., Aron Universal Limited, J Color Chemicals, Vicome Corp. and Wuxi Ming Hui International Trading Co., Ltd.

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

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