Pune, India -- (SBWIRE) -- 03/05/2018 -- Segmentation

The Global Fluorescent Pigment Market is segmented into type, application, and region.

On the Basis of Type, the market is divided into inorganic fluors, optical whiteners, and daylight fluorescents.

Based on Application, the Global Fluorescent Pigment Market is categorized into printing ink, paints & coatings, colored papers, textile, plastics, and others.

Geographically, the market is spanned across five key regions, including Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.

Key Players:
The prominent players in the Global Fluorescent Pigment Market are Radiant Color N.V. (Belgium), UKSEUNG CHEMICAL CO.,LTD. (South Korea), LuminoChem Ltd. (Hungary), DAI NIPPON TORYO CO.,LTD. (Japan), Huangshan Jiajia fluorescent material Co., Ltd. (China), Wanlong Chemical Co., Ltd. (China), Aron Universal Limited (India), J COLOR CHEMICALS (China), Vicom Corp. (Taiwan), and MingHui Wuxi (China), among others.

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North America, Europe, Asia Pacific, Latin America and the Middle East & Africa are the five key regions, the global ink resin market divided into. Among these regions, Asia Pacific is projected to expand at highest CAGR. This region is further spanned across the major markets such as India, China, Japan, South Korea and rest of the Asia Pacific. The region accounts for more than one third share of the market, as 2016. During the forecast period, the region is expected to retain its dominance owing to an anticipated rise in demand and use of printed packaging. Growing consumer awareness towards the well informed and appealing packaging is the prominent factor driving growth of the market in this region. In addition to this, the increasing disposable income and rising standard of living of the people are the key factors driving growth of the market in this region. Moreover, dynamic economies such as India, China, Singapore, Malaysia, and South Korea are witnessing continuous rise in demand for the product from numerous end users such as packaging, foods & beverages, automotive, and consumer goods among others. Furthermore, the favoring regulatory trends such as mandatory use of on-sight fluorescent safety jackets on construction sites and at the industrial sites. In addition to this, the road safety standards adopted by the countries in this region has emphasized use of the fluorescent colors for sign boards. These development, altogether, are anticipated to boost growth of this region in coming years.

North America is following Asia Pacific and holding a significant share of the Global Fluorescent Pigment Market. This region is further segmented into the U.S., Mexico, and Canada. The U.S holds a major share of the market on account of the presence of leading players and major end use industries such as packaging.

Europe is also a substantial region in this market which is categorized into Germany, Italy, U.K, France, Spain, and Russia. Among these, Germany and the U.K is expected to dominate the regional market share due to the robust growth in packaging and automotive industry, along with the shifting consumer preference to safety enabled instruction packaging. However, the region is expected to witness sluggish growth on account of present economic slowdown in the Western Europe.

The Middle Eastern & African countries are substantially contributing in the regional fluorescent pigment growth due to rising demand for the product on the backdrop of flourishing tourism industry. Lastly, Latin American countries such as Brazil, Mexico, Venezuela, and Colombia are reviving from the political and economic downfall to gain momentum and join hands with the leading regions in the Global Fluorescent Pigment Market, during the review period.

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