Fluorescent Pigment Industry Outlook Perspective, Comprehensive Analysis, and Forecast 2022 – 2030

Market Segmentation:

The Global Fluorescent Pigment Market is broadly segmented on the basis of product type, application, and region. Based on the type, the market is categorized into inorganic fluors, optical whiteners, and daylight fluorescents, wherein, the optical whiteners segment is dominating the market on account of its higher degree penetration into the major applications such as textile, paper, and plastics. Additionally, they are the particular class of organic pigment which has very specific fluorescent properties. The production and measurement of optical whiteners (aka brighteners) is a multi-million dollar industry throughout the world. Collectively, the optical whitener segment is projected to retain its dominance in the market during the review period.

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Competitive Analysis:

• 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),
• MingHui Wuxi (China)

Market Overview:

Fluorescence is a process of re-emission of light of the desired wavelength. In this process, the light of a short wavelength in the electromagnetic spectrum is absorbed and re-radiated at higher wavelengths. Mostly, this re-radiation occurs within the visible range of the spectrum. Fluorescent Pigments are the illuminating color pigments which offer an attractive appearance. Luminescent materials do not require any artificially generated energy to reflect colored light and to give off fluorescent light. The re-emitted light from a fluorescent color adds to the light returned by simple reflection and gives a glow characteristic of daylight-fluorescent materials. According to the studies conducted with children and adults, the fluorescent products are noticed earlier and seen longer than their conventional colored counterparts. Nowadays, the fluorescents find their applications in various products such as plastic products, bright colored papers, safety jackets, highlighters, and illuminating paints among others.  The Global Printing Ink Market for packaging is projected to expand at a CAGR of 6% due to the rising global demand for attractive and consumer appealing packaging, which provides nutritive and product information. The color, design, and appearance of the ink print act as a decisive factor when it comes to allure the customers. This is projected to boost demand for the ink resin in the coming years. However, there are some technical factors that are anticipated to hamper growth of the market such as the complex processing of Fluorescent Pigment, cost intensive nature of new technologies, and use of heavy metals in manufacturing florescent pigments.  

Regional Analysis:

There are five major regions in the Global Fluorescent Pigment Market namely Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Asia Pacific is poised to dominate the market with over 35% share of the market, as of 2016. The region is expected to grow at the highest rate due to the increasing production and demand of the Fluorescent Pigment. The primary factors driving the growth of the market in this region are rising consumer awareness and favoring regulatory trends. South Korea, Japan, and China are the leading markets in this region. North America is holding the second major share of the market. The U.S is anticipated to hold the largest share in this market owing to the presence of some leading market players and substantial ends users such as the packaging industry and industrial safety applications. Europe is following North America in terms of market size, with Germany, the U.K, and France holding considerable shares of the market. This region is witnessing growth due to some strategic initiatives on part of regulatory agencies. The Middle East & Africa is a growing at the considerable growth rate, wherein the growth is majorly driven by the demand from paints & coating, along with the flourishing tourism industry. Latin America is anticipated to witness a rise in the regional market due to the pacifying political and reviving economic situation.

On the Basis of Application, the Global Fluorescent Pigment Market is classified into printing ink, paints & coatings, colored papers, textile, plastics, and others. Among these applications, printing ink segment is growing at the highest rate on account of growing demand of attractive and consumer appealing packaging. Surging trend of super market shopping, vast spread print media, and shifting consumer patterns are the major factors driving growth of this segment during the years to follow.

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Ceramic Armor Materials Industry | 2022 to 2030 – Production, Revenue, Average Product Price

Market Segmentation

Based on material, the global market has been segmented into boron carbide, silicon carbide, alumina, ceramic matrix composite, titanium boride, aluminum nitride, and others. By application body armor, aircraft armor, marine armor, vehicles armor, and others. The ceramic matrix composites segment is estimated to register a significant CAGR owing to the high demand in a wide range of applications. The body armor is projected to be the fastest-growing segment of the global ceramic armor material market.

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Competitive Analysis

Some of the prominent players in the global ceramic armor materials market are Saint-Gobain (France), 3M (US), BAE Systems (UK), Axiom Materials, Inc (US), CoorsTek, Inc (US), Morgan Advanced Materials PLC (UK), Safariland, LLC (US), Ultramet (US), Ceramtec (Germany), and CFCCARBON CO, LTD (China), among others.

Market Overview

The Global Ceramic Armor Materials Market is expected to reach USD 280 Billion in 2025 exhibiting a CAGR of 7.65% during the forecast period. The growth of the market is primarily driven by the extensive use of ceramic matrix composites (CMCs) in major end-use industries such as aerospace and vehicles armor. Ceramic matrix composites are extensively used in the manufacturing of armors used in the aerospace industry. CMCs offer excellent wear and corrosion resistance in a wide range of environments and temperatures, high strength-to-weight ratio, high strength retention at elevated temperatures, high chemical stability, and hardness, as well as lightweight. These materials are strong and weigh one-third as metals and can operate at 2,400°Fahrenheit, i.e., 500° higher than the most advanced alloys. The ability of CMCs to withstand high temperature enables the jet engine to operate in extreme temperatures, which makes it suitable for use as an armor product.

Increasing demand for ballistic ceramic materials in fuel-efficient and lightweight military aircraft for counterterrorism and homeland security purpose is a key factor projected to boost the demand for the ceramic armor materials. For instance, the US Geological Survey reported that the global aircraft fleet is projected to double over the next 20 years. According to the Bureau of the Census, US Department of Commerce, and Foreign Trade Division, the total US aerospace exports stood at USD 150.61 billion by the end of 2018, which was around 143.17 billion in 2017. The five major destinations for the US aerospace exports in 2018 were China, France, the UK, Canada, and Germany. Thus, the growth of the aerospace armor is expected to increase the demand for CMCs and drive the growth of the global ceramic armor materials market during the forecast period.

Regional Analysis

The North American ceramic armor material market is likely to exhibit remarkable growth owing to increasing spending on the defense sector by the government authorities. The region is witnessing an increase in the number of exports of defense products, i.e., boron carbide bulletproof vest, which is further propelling the demand for boron carbide body armor for manufacturing, during the forecast period. Europe market is led by UK aviation and defense industry, it is one of the largest exporters and manufacturers of defense products such as boron nitride armor and titanium boride armor, which is driving regional market growth. The Asia-Pacific market is likely to witness steady growth owing to rising threats of the terrorist attack in the region. The governments of countries such as India, China, and Japan are investing in the manufacturing of defense products to combat terrorist attack when needed, thus surging market growth.

The Middle East & African and Latin American markets are likely to register healthy CAGRs during the forecast period.

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Table Of Contents

1. Executive Summary
2. Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

1. Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Forecast Model

Continue…

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

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