Global Phosphorescent Powder Market Size By Type(Zinc sulfide, Strontium Aluminate), By Application(safety signs, emergency lighting, automotive), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationGlobal Phosphorescent Powder Market Size By Type(Zinc sulfide, Strontium Aluminate), By Application(safety signs, emergency lighting, automotive), By Geographic Scope And Forecast
Phosphorescent Powder Market Size And Forecast
Phosphorescent Powder Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2024 to 2030.
The Global Phosphorescent Powder Market is expected to experience significant growth over the next few years, driven by the increasing demand from various end-use industries such as automotive, aerospace, and construction. The phosphorescent powder is a type of luminescent material that can emit light after absorbing light energy. It is used in a wide range of applications, including safety signs, lighting, and decorative objects. The key driver of the phosphorescent powder market is the increasing demand for safety signs and emergency lighting. The phosphorescent powder is used to make safety signs and emergency lighting more visible in low-light conditions, which is essential for safety in various settings such as industrial facilities, hospitals, and public buildings.
Phosphorescent Powder Market Definition
The phosphorescent powder market refers to the global market for a type of luminescent powder that emits light after being exposed to a source of energy such as ultraviolet light. This powder is commonly used in a variety of applications, including safety signs and markers, lighting, consumer electronics, and novelty items. Phosphorescent powders are often made from a variety of materials, such as zinc sulfide or strontium aluminate, and are available in a range of colors and particle sizes. The market encompasses the production, distribution, and sale of these powders, as well as related products and services.
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Phosphorescent Powder Market Overview
The phosphorescent powder market has experienced steady growth in recent years, with increasing demand for these powders across a range of industries. This growth is primarily driven by the demand for safety and emergency signage, as well as the growing popularity of phosphorescent coatings and pigments in consumer electronics and novelty items. The global phosphorescent powder market offers several opportunities for businesses in various industries. Phosphorescent powders are used in a wide range of applications, including safety signs, watch dials, emergency lighting, and automotive safety. As a result, the demand for phosphorescent powders is likely to increase in the coming years, driven by growing safety concerns and the need for energy-efficient lighting solutions. In addition, the rise of the green building industry is expected to further boost the demand for phosphorescent powders as a sustainable lighting solution. Moreover, the development of new and innovative products in the market is expected to create new opportunities for businesses. These products include high-performance phosphorescent powders that can glow in the dark for an extended period and are resistant to environmental factors such as moisture and temperature. Overall, the global phosphorescent powder market presents numerous opportunities for businesses to expand their product offerings and tap into new markets.
Despite the opportunities, the global phosphorescent powder market faces some restraints that businesses need to be aware of. One of the main restraints is the high cost of phosphorescent powders compared to conventional lighting solutions. This can make it challenging for businesses to convince consumers to switch to phosphorescent powders, particularly in price-sensitive markets. In addition, the manufacturing process of phosphorescent powders is complex and requires specialized equipment, which can increase production costs. Another significant restraint is the limited availability of raw materials used to manufacture phosphorescent powders. This can lead to supply chain disruptions and price volatility, which can negatively impact businesses’ profitability. Moreover, the use of phosphorescent powders in some applications may not be suitable, such as in environments with high temperatures or humidity, which can affect the performance and durability of the powder. Overall, businesses need to consider these restraints while evaluating opportunities in the global phosphorescent powder market to ensure sustainable growth and profitability.
Phosphorescent Powder MarketSegmentation Analysis
The Global Phosphorescent Powder Market is segmented based on Type, Application, And Geography.
Phosphorescent Powder Market by Type
- Zinc Sulphide
- Strontium Aluminate
The global phosphorescent powder market can be segmented based on the type of phosphorescent powder. The two most commonly used types of phosphorescent powders are zinc sulfide and strontium aluminate. Zinc sulfide phosphorescent powders are widely used in various applications, such as safety signs, toys, and consumer goods. They are relatively inexpensive and have a shorter glow time compared to strontium aluminate powders. Strontium aluminate phosphorescent powders, on the other hand, offer longer and brighter glow times, making them suitable for high-performance applications such as aerospace and defense. They are also more environmentally friendly than zinc sulfide powders, as they do not contain any hazardous substances. Strontium aluminate powders are gaining popularity in various industries, such as automotive, construction, and electronics, due to their superior performance characteristics. The segmentation based on type allows businesses to better understand the specific needs of different customer segments and develop targeted strategies to meet those needs.
Phosphorescent Powder Market by Application
- Safety Signs
- Emergency Lighting
- Automotive Aerospace
The global phosphorescent powder market can also be segmented based on its application. Phosphorescent powders have various applications across different industries, such as safety signs, emergency lighting, automotive, aerospace, and more. In safety signs, phosphorescent powders are widely used to make glow-in-the-dark signs and markings in buildings, stairwells, and other areas where visibility is crucial in low light or power outages. The emergency lighting segment includes products such as exit signs, egress path markings, and emergency lights that rely on phosphorescent powders to remain visible during power outages or emergencies. In the automotive industry, phosphorescent powders are used to create decorative and safety features such as reflective stripes, illuminated buttons, and glow-in-the-dark instrument panels. In aerospace and defense, phosphorescent powders are used in various applications, such as emergency lighting, cockpit displays, and safety signs. The construction industry also uses phosphorescent powders to make green buildings and infrastructure projects more energy-efficient. These powders can be used to make glow-in-the-dark concrete, paving stones, and coatings that absorb and store light during the day and release it at night.
Phosphorescent Powder Market by Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Based on Geography, The market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a mature market for phosphorescent powders, with a high adoption rate in various industries such as construction, transportation, and aerospace. The growth in these regions is driven by the increasing demand for sustainable and energy-efficient materials. Asia Pacific is the growing market for phosphorescent powders, with countries such as China, Japan, and India driving the growth. The region has a large manufacturing sector and is a hub for several industries such as automotive, electronics, and construction. The demand for phosphorescent powders in the region is driven by the growing infrastructure development and a focus on energy efficiency.
Key Players
The major players in the market are; Nemoto & Co., Luminescent Systems Inc., Aralo, Honeywell International Co., RTP Company, Lightleader Co., Tavco Chemicals, Thomas Publishing Co. GloNation, & Jiaxing Caihe, among others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments
- In December 2019, Nemoto & Co., Ltd., a leading manufacturer of phosphorescent pigments, announced the development of a new type of high-performance phosphorescent powder that can glow in the dark for up to 12 hours.
- In January 2020, Luminescent Systems Inc., a US-based manufacturer of phosphorescent powders, developed a new range of ultra-long glow powders that can glow for up to 24 hours after exposure to light.
- In August 2021, GloNation, a US-based company, introduced a new range of phosphorescent powders that can be used in various applications, including decorative arts, automotive, and safety.
- In October 2021, China-based Jiaxing Caihe announced the development of a new range of eco-friendly phosphorescent powders that are made using natural materials and have a lower environmental impact compared to traditional phosphorescent powders.
- In November 2022, Swedish company Luminor introduced a new range of UV-activated phosphorescent powders that can be used in various applications, including printing and coating.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Nemoto & Co., Luminescent Systems Inc., Aralo, Honeywell International Co., RTP Company, Lightleader Co., Tavco Chemicals, Thomas Publishing Co. GloNation, & Jiaxing Caihe, among others. |
| SEGMENTS COVERED | By Type, By Application, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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