Slowdown in Travel Industry Due to COVID-19 Affects Demand for Coatings
The coronavirus crisis has impacted the coatings industry. Amy Ericson, senior Vice President at the PPG Industries, Inc. – a global supplier of paints, coatings, and specialty materials, elaborates that almost all countries are sheltering in place for an extended period of time, thus slowing down business in the travel sector. Such trends are affecting sales of coatings, which is emerging as a challenge for manufacturers in the global phosphorescent pigments market.
The staggered growth of the automotive OEM, aerospace, and automotive refinishing sectors is leading to poor consumer sentiment in the phosphorescent pigments market. As such, the packaging sector is fueling the demand for paints and coatings, which is helping stakeholders to keep economies running during the ongoing pandemic. With populations largely sheltering in-home, demand fluctuations have been driven by cultural habits, since in markets such as South America, canned beverage consumption primarily happens outside of the home.
Eco-friendly, Human-friendly Phosphorescent Pigments Found in Sustainable Building Signage
The phosphorescent pigments market is estimated to reach a valuation of US$ 500 Mn by the end of 2031. However, the competition has intensified in the market to innovate in eco-friendly phosphorescent pigments. Unilever is gaining increased recognition for its innovation in first-of-its-kind, glow-in-the-dark company signage on Hive building made from eco- and human-friendly phosphorescent pigments. This is evident since the concept of sustainable buildings is becoming a fast-growing phenomenon everywhere.
Companies are taking cues from Unilever to increase their R&D in eco- and human-friendly phosphorescent pigments that flow with the weather. These pigments show a little less light on cloudy days and a bright light on sunny days. Companies are combining state-of-the-art technologies to create outdoor signage that can visually glow at night in the presence of artificial light sources from buildings and streetlights.
Photoluminiscent Markings in Demand for Illuminating Dangerous Bends, Pedestrian Crossings
Phosphorescent paint and coatings are creating stable revenue streams for manufacturers in the phosphorescent pigments market. OliKrom – a France-based startup and expert in color intelligence, has introduced its phosphorescent paint, and has been tested in real conditions to guarantee stability and enhanced lighting performance, which is facilitating deployment on road infrastructures. This is indicating that photoluminiscent markings are expected to become increasingly commonplace on road infrastructures in the upcoming years.
Companies in the phosphorescent pigments market are boosting their production capabilities in phosphorescent paints that are being used to materialize anything a motorist may encounter. This is evident since there is a growing need to illuminate dangerous bends, pedestrian crossings, and speed bumps.
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Strontium Oxide Aluminate Chemistry Helps Increase Luminescence in Phosphorescent Pigments
Manufacturers in the phosphorescent pigments market are bolstering their production capacities in various phosphorescence masterbatches and compounds for all major polymers. RTP Company – a company committed to providing solutions, customization, and service for all thermoplastic specifications, is increasing its portfolio in phosphorescent pigments that offer an afterglow period up to 10 times longer than ZnS (Zinc Sulfide)-based phosphorescent pigments. This is being achieved by innovating in the strontium oxide aluminate chemistry to develop phosphorescent pigments.
Companies in the phosphorescent pigments market are increasing efforts to meet the demand to increase luminescence and afterglow with longer activation time. The excellent weather and light fastness is being preferred in phosphorescence masterbatches and compounds. In order to boost credibility, manufacturers are avoiding the use of hazardous substances in phosphorescent pigments.
New Generation of Pigments Gain Popularity in Potentially Unlimited Cycles of Use
Next-gen top-performing inorganic phosphorescent pigments are translating into revenue opportunities for stakeholders. The LumiNova® phosphorescent pigments are gaining popularity for optimizing daylight for potentially unlimited cycles of use. Companies in the phosphorescent pigments market are taking cues from such innovations to develop pigments that are dispersible in different carriers and their chemical & physical stability provides excellent long-term performance. The new generation of phosphorescent pigments are giving functional and aesthetic features to many unexpected objects from the daily life.
Manufacturers in the phosphorescent pigments market are experimenting with organic, inorganic, and metal-organic materials to develop pigments. Inorganic materials are acquiring prominence in industrial applications, owing to their flexibility and versatility. Sulfides, aluminates, silicate, and others are inorganic salts doped with ions of rare earths or transition metals to produce crystal powders.
Use of Formaldehyde-free Encapsulation Technology to Produce Dry Organic Pigment Dispersions
Apart from luminescent colorants, manufacturers in the phosphorescent pigments market are expanding their product portfolio in dry organic pigment dispersions in the powder form for universal use. ARALON COLOR – an independent, ISO 9001:2015-certified specialty chemicals company, is being publicized for its ARASTIR-pigment dispersions that are encapsulated organic pigments utilizing the ARALON COLOR formaldehyde-free encapsulation technology.
There is a growing demand for phosphorescent pigments that deliver the exceptional alkaline stability. Companies in the phosphorescent pigments market are generating their income sources through building materials, artist colors, and toys. Building materials such as grouting, sealants, and spray mortar are catalyzing the demand for phosphorescent pigments. Finger paints and play dough are other applications of phosphorescent pigments. Home appliances, exit signboards, and firefighting equipment are helping manufacturers to expand their revenue streams.
Phosphorescent Cycling Paths Emerge as Cost-efficient Solution to Lampposts in France
Road infrastructures are establishing stable revenue streams for manufacturers in the phosphorescent pigments market. Phosphorescent cycling paths are gaining popularity in French cities. These cycling paths hold promising potential as an eco-friendly solution to improve the safety of bikers. Similar to Pessac and other local governments in France, the Metropolis of Nancy is following suite to invest in phosphorescent paint delimiting paths along the riverbanks. Phosphorescent cycling paths are emerging as a cost efficient solution compared to lampposts.
Phosphorescent cycling paths are a cheaper solution to lampposts and help to reduce light pollution. Local government authorities in France are experimenting with new phosphorescent ground signs between rue des Tiercelins and boulevard Charles III, along the canal in Nancy. Such developments are focused on allowing cyclists to easily follow cycling routes in poorly lit areas.