Global Fluorescent Pigment Market Size to worth USD 7,498.43 Million by 2033: Market Study Report

Global Fluorescent Pigment Market Size to worth USD 7,498.43 Million by 2033

According to a research report published by Spherical Insights & Consulting, The Global Fluorescent Pigment Market Size is Expected to Grow from USD 373.1 Million in 2023 to USD 675.4 Million by 2033, at a CAGR of 6.11 % during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Fluorescent Pigment Market Size, Share, and COVID-19 Impact Analysis, By Form (Organic and Inorganic), By Type (Dayglow and Phosphorescent), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.  

The fluorescent pigment market encompasses the production, distribution, and application of pigments that emit vivid colors when exposed to ultraviolet (UV) light. These pigments are widely utilized in industries such as textiles, printing inks, plastics, paints, coatings, and cosmetics due to their ability to enhance visual appeal and improve visibility. Fluorescent pigments are composed of fluorescent dyes encapsulated in a resin, offering high luminescence, color brilliance, and stability. The market's growth is primarily driven by increasing demand in advertising and packaging applications, where eye-catching visuals are critical. The growing popularity of fluorescent pigments in safety and warning signage, coupled with their usage in fashion and lifestyle products, also fuels market expansion. The rise in demand for high-visibility materials across the automotive and construction sectors further contributes to the market's development. However, certain factors restrain the growth of the fluorescent pigment market. The high cost of raw materials and production processes limits their affordability, particularly in price-sensitive regions.

The organic segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.    

Based on the form, the fluorescent pigment market is divided into organic and inorganic. Among these, the organic segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This dominance is attributed to the widespread application of organic pigments in various industries, including textiles, printing inks, and cosmetics, due to their vibrant colors and superior brightness.

The dayglow segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the type, the fluorescent pigment market is classified into dayglow and phosphorescent. Among these, the dayglow segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This dominance is attributed to the exceptional vibrancy and visibility of dayglow pigments, which are crucial for various applications requiring high visibility.

Asia-Pacific is estimated to hold the greatest fluorescent pigment market share over the forecast period.

Asia-Pacific is estimated to hold the greatest fluorescent pigment market share over the forecast period. The demand for bright colors in the textile, automobile, and packaging industries has emerged as the biggest growth driver of this market, which is a result of accelerated industrialization and urbanization across China, India, and Japan. Automotive markets in countries such as South Korea are now adopting these pigments for car paint coatings for the sake of high visibility and attractive looks. The region also boasts strong manufacturing capabilities and is home to some of the world's biggest producers of pigments.

North America is predicted to have the fastest CAGR growth in the fluorescent pigment market over the forecast period. Primarily driven by the U.S. and Canada, the demand of the region is largely driven through applications in safety signage, packaging, and automotive coatings. These products are also widely used for safety gear and emergency vehicles due to their bright color, which serves as a factor for public safety. The North American packaging industry also uses the products to have vibrant and catchy product packaging which catches the customer's attention on the retail shelf.

Company Profiling

Major key players in the fluorescent pigment market are Radiant Color NV, Luminochem, Wanlong Chemical Co., Ltd., Sinloihi Co., Ltd., Wuxi Minghui International Trading Co., Ltd., DayGlo Color Corp., Aron Universal Limited, Vicome Corp., Hangzhou Aibai Chemical Co., Ltd., and Brilliant Group Inc.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In March 2024, the Grolman Group announced an expansion of its partnership agreement with Radiant Color. The group also announced an expansion of operations in Hungary, which ensures technical support and availability in the advanced materials product range in the country.

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the fluorescent pigment market based on the below-mentioned segments:

Global Fluorescent Pigment Market, By Form

• Organic
• Inorganic

Global Fluorescent Pigment Market, By Type

• Dayglow
• Phosphorescent

Global Fluorescent Pigment Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa