Fluorescent Pigment Analysis Report ： the market size is projected to reach USD 0.7 billion by 2031

Fluorescent pigments are organic or inorganic luminescent materials that can absorb light of a specific wavelength and emit fluorescence in a longer wavelength range. The luminescence principle is based on the absorption, energy conversion and re-radiation of light energy by molecules or crystal structures. They usually have high brightness, bright colors and strong light resistance. Fluorescent pigments are widely used in textiles, coatings, inks, security and anti-counterfeiting, display technology and other fields to provide special visual effects and functional identification for products.

According to the new market research report “Fluorescent Pigment - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”, published by QYResearch, the global Fluorescent Pigment market size is projected to reach USD 0.7 billion by 2031, at a CAGR of 5.5% during the forecast period.

• Global Fluorescent Pigment MarketSize(US$ Million), 2020-2031

Source: QYResearch, "Fluorescent Pigment - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

• Global Fluorescent Pigment Top11Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Source: QYResearch, "Fluorescent Pigment - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

According to QYResearch Top Players Research Center, the global key manufacturers of Fluorescent Pigment include DayGlo (RPM International), Jiajia Fluorescent Material, Radiant (RPM International), UKSEUNG, Wanlong Chemical, SINLOIHI (DAI NIPPON TORYO), Vicome, Lynwon New Material, Aron Universal, J Color Technologies, etc. In 2024, the global top five players had a share approximately 46.0% in terms of revenue.

Market Drivers:

Environmental regulations and sustainable development needs

As global environmental regulations become increasingly stringent, especially in Europe and North America, many countries and regions require companies to reduce the use of harmful chemicals and adopt low volatile organic compounds (VOC) and non-toxic ingredients. This has driven the fluorescent pigment industry to develop in an environmentally friendly and sustainable direction. Companies need to meet green manufacturing standards and continue to develop low-pollution, non-toxic alternatives to meet environmental requirements and consumers' environmental needs.

Consumer demand for personalized and customized products has increased

Modern consumers are increasingly inclined to personalized and customized products, which has driven the growth of fluorescent pigment applications in areas such as clothing, electronics, packaging and advertising. Especially in the fields of fashion and sports equipment, fluorescent pigments are used to create unique visual effects. The demand for personalized products has brought new opportunities to the fluorescent pigment industry, prompting pigment manufacturers to continue to innovate and develop new products.

Application needs for safety and anti-counterfeiting technology

As the problem of counterfeit and shoddy products becomes increasingly serious, especially in the fields of luxury goods, pharmaceuticals and consumer goods, the demand for anti-counterfeiting technology is increasing. As an important anti-counterfeiting identification material, fluorescent pigments can effectively increase the safety and traceability of products. The special luminous properties of fluorescent pigments make them an important part of anti-counterfeiting labels, so the development of security and anti-counterfeiting technology has become an important factor driving the growth of demand for fluorescent pigments.

Industrialization and mass production

The continuous advancement of production technology and processes for fluorescent pigments has made mass production more economical and efficient. Manufacturers have improved production efficiency and product quality and reduced production costs through automation and digital production technology. This has made the application of fluorescent pigments more extensive in multiple industries and promoted the growth of the entire industry.

Restraint:

Unstable supply of raw materials

The production of fluorescent pigments requires some special organic or inorganic chemical raw materials. The price fluctuations of these raw materials and the instability of the supply chain may have an impact on the industry. Especially under the uncertainty of the global supply chain (such as natural disasters, trade wars, etc.), it may be difficult to obtain raw materials, resulting in rising production costs, which in turn affects the market price and competitiveness of fluorescent pigments.

Fierce price competition

With the growth of market demand, the fluorescent pigment industry has attracted a large number of companies to enter, resulting in very fierce market competition. In order to compete for market share, many companies have to lower prices to attract customers, which has reduced the overall gross profit level. Enterprises need to maintain competitiveness in the fierce price competition through technological innovation, improved production efficiency and product differentiation

Technology update and R&D costs

The technology update of the fluorescent pigment industry is very rapid, and enterprises need to continuously invest in technology research and development to produce higher performance and more environmentally friendly fluorescent pigments. However, the development of new technologies and new products requires high R&D costs, and is also accompanied by certain risks. If the R&D fails, the company will not only fail to obtain the expected market share, but may also face financial losses. This brings greater challenges to small and medium-sized enterprises.

Opportunity:

Technological breakthroughs in new fluorescent materials

With the advancement of materials science, high-performance fluorescent pigments continue to emerge, such as rare earth luminescent materials, quantum dot fluorescent pigments, etc. These new materials have significantly improved brightness, light resistance and environmental protection compared to traditional fluorescent pigments, bringing a broader application space for the fluorescent pigment industry.

Demand for environmental protection and sustainable development

Global environmental regulations are becoming increasingly stringent, pushing fluorescent pigments to develop in the direction of non-toxic, heavy metal-free and degradable. The development of fluorescent pigments that meet environmental standards, such as water-based fluorescent pigments and degradable fluorescent materials, will become a new driving force for market growth.

Safety and anti-counterfeiting and high value-added applications

The demand for fluorescent pigments in anti-counterfeiting logos, security labels, currency anti-counterfeiting and other fields is growing. Especially in food, medicine, bills and brand protection, fluorescent anti-counterfeiting technology can effectively improve safety and bring high value-added market opportunities to manufacturers.

About The Authors

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting (data is widely cited in prospectuses, annual reports and presentations), industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

Contact Us:

If you have any queries regarding this report or if you would like further information, please contact us:

QY Research Inc.

Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States

E-mail: global@qyresearch.com

Tel: 001-626-842-1666(US)  0086-133 1872 9947(CN)

EN: https://www.qyresearch.com

JP: https://www.qyresearch.co.jp