Phosphorescent Pigments Market

• In September 2024, Nemoto Lumi-Materials Company Ltd. expanded its production capacity to cater to the growing demand for phosphorescent pigments in automotive and construction applications, particularly in Asia-Pacific​

• In June 2024, DayGlo Color Corp. announced a partnership with a leading electronics manufacturer to incorporate phosphorescent pigments into device interfaces for enhanced night visibility​

In this report, the Phosphorescent Pigments Market has been segmented by Type, Color, Industry Vertical, Application and Geography.

Phosphorescent Pigments Market, Segmentation by Type

The Phosphorescent Pigments Market has been segmented by Type into Zinc Sulfide, Strontium Aluminate and Others.

Zinc Sulfide

The zinc sulfide segment accounts for nearly 30–35% of the phosphorescent pigments market. It is commonly used in paints, coatings, plastics, and novelty items due to its cost-effectiveness. However, it offers a shorter glow duration compared to advanced alternatives. Despite this, it maintains steady demand with an expected CAGR of 4–5%, particularly in low-cost applications.

Strontium Aluminate

The strontium aluminate segment dominates the market, holding about 55–60% of global demand. Known for its high brightness and long afterglow properties, it is widely used in safety signs, emergency pathways, and consumer products. With increasing demand for eco-friendly and high-performance pigments, this segment is projected to grow at a CAGR of 6–8%.

Others

The others category contributes around 8–10% of the market, covering novel and specialty phosphorescent materials. These include emerging compounds for decorative, electronic, and industrial applications. While relatively smaller in share, this segment shows strong innovation potential and is expected to expand at a CAGR of 5–6%.

Phosphorescent Pigments Market, Segmentation by Color

The Phosphorescent Pigments Market has been segmented by Color into Blue, Green, Red, Yellow and Orange

Blue

The blue segment accounts for nearly 20–22% of the phosphorescent pigments market. It is widely used in toys, decorative applications, and novelty products due to its appealing aesthetic. While it has moderate brightness and afterglow, it continues to find demand in consumer goods and artistic uses, growing at a CAGR of 4–5%.

Green

The green segment dominates the market, holding about 35–38% of total demand. Known for its high brightness and long afterglow properties, it is extensively used in safety signage, emergency exits, and industrial markings. With growing adoption in construction and safety compliance, this segment is expected to grow at a CAGR of 6–7%.

Red

The red pigment segment contributes nearly 12–14% of the market. It is often applied in decorative items, specialty coatings, and consumer electronics. Though it has a shorter glow compared to green or yellow, demand is rising in novelty and high-contrast applications, with projected growth at a CAGR of 5–6%.

Yellow

The yellow segment represents around 15–17% of the market. It is used in signboards, consumer goods, and coatings where visibility and brightness are crucial. With increasing applications in architectural and industrial designs, this segment is forecasted to grow at a CAGR of 5–6%.

Orange

The orange pigment segment holds about 10–12% of the market. It is mainly used in decorative paints, novelty products, and safety applications. While niche in demand, it is gaining traction in design-oriented and consumer-focused industries, growing at a CAGR of 4–5%.

Phosphorescent Pigments Market, Segmentation by Industry Vertical

The Phosphorescent Pigments Market has been segmented by Industry Vertical into Textile, Electronics, Inks and Others

Textile

The textile segment contributes nearly 25–28% of the phosphorescent pigments market. These pigments are widely used in fabrics, fashion accessories, and safety clothing to enhance visibility and design appeal. With increasing demand for functional and decorative textiles, this segment is projected to grow at a CAGR of 5–6%.

Electronics

The electronics segment holds about 30–32% of the market, making it one of the largest application areas. Phosphorescent pigments are extensively used in displays, sensors, and consumer devices for long-lasting glow and energy efficiency. With rapid advancements in smart devices and electronic components, this segment is expected to expand at a CAGR of 6–7%.

Inks

The inks segment accounts for nearly 20–22% of global demand. These pigments are applied in printing, packaging, and security labels where afterglow and visibility are essential. With the rising demand for creative packaging and anti-counterfeit solutions, this segment is forecasted to grow at a CAGR of 5–6%.

Others

The others category represents about 18–20% of the market, including uses in plastics, coatings, toys, and novelty items. Though smaller in scale, this segment is witnessing steady growth, supported by consumer-focused and industrial applications. It is expected to expand at a CAGR of 4–5% over the forecast period.

Phosphorescent Pigments Market, Segmentation by Application

The Phosphorescent Pigments Market has been segmented by Application into Paints & Coatings, Plastics, Printing Inks, Textiles and Others.

Paints & Coatings

The paints & coatings segment dominates the phosphorescent pigments market, accounting for nearly 35–38% of total demand. These pigments are widely used in architectural coatings, road markings, safety signs, and decorative paints. With rising infrastructure development and stringent safety regulations, this segment is expected to grow at a CAGR of 6–7%.

Plastics

The plastics segment contributes about 25–27% of the market. Phosphorescent pigments are incorporated into consumer goods, toys, packaging materials, and electronic casings. Their ability to provide long-lasting glow and aesthetic appeal supports demand, with the segment forecasted to grow at a CAGR of 5–6%.

Printing Inks

The printing inks segment holds nearly 15–17% of the market. It is mainly used in packaging, security printing, and specialty graphics where visibility and anti-counterfeit properties are important. With increasing adoption in brand protection and creative printing, this segment is projected to grow at a CAGR of 5–6%.

Textiles

The textiles segment makes up around 12–14% of the market. Phosphorescent pigments are applied in clothing, fashion accessories, and safety apparel to enhance both aesthetics and functionality. Growing demand in sportswear and workwear industries is expected to drive this segment at a CAGR of 4–5%.

Others

The others category contributes about 8–10% of the market, covering applications in novelty products, toys, and specialty items. Though smaller in scale, it continues to gain traction in creative consumer goods. The segment is expected to expand at a CAGR of 4–5% over the forecast period.

Phosphorescent Pigments Market, Segmentation by Geography

In this report, the Phosphorescent Pigments Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Phosphorescent Pigments Market Share (%), by Geographical Region

North America

North America accounts for nearly 22–25% of the phosphorescent pigments market. The U.S. leads demand, driven by applications in construction materials, safety signage, and consumer products. With growing focus on infrastructure safety standards and decorative uses, the market in this region is expected to grow at a CAGR of 5–6%.

Europe

Europe contributes about 20–22% of the global market. Countries such as Germany, France, and the U.K. are key consumers, with applications in automotive, architectural coatings, and packaging. Emphasis on sustainability and eco-friendly materials supports regional growth at a CAGR of 4–5%.

Asia Pacific

Asia Pacific dominates the phosphorescent pigments market, holding nearly 40–42% of global share. High consumption in China, India, Japan, and South Korea is driven by infrastructure projects, electronics, and textiles. With rapid industrialization and consumer product expansion, this region is projected to grow at the fastest CAGR of 7–8%.

Middle East & Africa

The Middle East & Africa region represents around 6–8% of the market. Growth is supported by demand in construction, decorative products, and safety applications, particularly in UAE, Saudi Arabia, and South Africa. The region is forecasted to grow at a CAGR of 4–5% over the forecast period.

Latin America

Latin America holds about 8–10% of global demand. Countries such as Brazil and Mexico are driving applications in paints & coatings, packaging, and consumer goods. With rising investments in infrastructure and industrial development, the region is expected to expand at a CAGR of 5–6%.