Europe inland waterways vessel market to be driven by environmentally viable product innovations, industry share to surpass USD 115 billion by 2024

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The commercialization matrix of Europe inland waterways vessel market has upscaled tremendously over the past few years, in sync with the increasing propagation of energy exploitation and efficiency across the continent. While inland waterway transport on European corridors has always been a viable alternative to rail and road mode, the business space has gained an appreciable popularity in recent years in consequence to the sustainability march led by the regional government. In fact, the European Commission has been striving hard to improvise the legislations, with an aim to integrate inland waterway transport more profoundly in the intermodal logistics chain. In this regard, the Netherland Presidency, in the year before last, has signed an informal agreement with the European Parliament, dealing with the revision of regulatory standards regarding the technical requirements of inland waterway vessels operating in the region. Needless to mention, these kind of regulatory improvisations and standardizations speak volume and has remarkably contributed toward Europe inland waterways vessel market trends. Validating the efficacy of the aforementioned declaration, Global Market Insights Inc., claims that the overall business space has crossed USD 55 billion frontier in 2016.

France Inland Waterways Vessel Market, By Vessel, 2016 & 2024, (USD Million)
France Inland Waterways Vessel Market, By Vessel, 2016 & 2024, (USD Million)

While elaborating further of the commercialization potential of Europe inland waterways vessel industry, it is prudent to mention some of the latest initiatives undertaken by the regional players to quicken the pace of the proliferations of the business space.

  • Making a headway in Europe inland waterways vessel industry, the Swedish Orient Line, apparently, is investigating new ways of utilizing Europe’s inland transport, with the introduction of an environmentally viable container shuttle between Kristinehamn and Gothenburg. Reportedly, it is the first inland waterway based solution for Sweden transport and logistics market.
  • Citing another distinctive instance, Port-Liner, one of the formidable players in Europe inland waterways vessel market, is on its way to introduce world’s first fully electric emission free barges in Europe inland waterway, challenging the existing road and rail transport solutions in the continent. Sources claim- the battery powered ships would have the capacity to encompass 280 containers, with an expectation to remove almost 23,000 trucks from roads annually. Reportedly, Amsterdam, Rotterdam, and Antwerp ports would be hosting the new vessels.

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Statistics depict- total volume of good transported via inland waterways in Europe was approximately 554 million tonnes in 2016, allegedly, an increment of almost 0.9% than what was recorded in 2015. Experts deemed this to be positive indicator for Europe inland waterways vessel market growth especially from non-passenger vessels. In fact, non-passenger vessel accounted for almost 60% of the overall Europe inland waterways vessel industry share in 2016.  Primarily on account of its competitive advantage over others with regards to energy efficiency and consumption, experts believe, non-passenger inland waterways vessel market in Europe to witness immense growth over 2017-2024.

Speaking of the competitive spectrum, Europe inland waterways vessel market space is ablaze with renowned biggies including the likes of Mediterranean Shipping Company S A, European Cruise Service, Viking Line, KG, Bayliner, and Meyer Werft GmbH & Co. These giants, in accordance with the regionally changing sustainability trends have been working relentlessly to come up with innovative energy efficient, environment friendly range of products.  In tandem, the currently harmonized regulatory framework (Directive 2006/87) regarding the technical certifications of inland vessels would further stimulate Europe inland waterways vessel market, slated to exceed USD 115 billion by 2024.

Author Name : Satarupa De

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Passive Fire Protection Materials Market to witness a CAGR of 8.7% over 2017-2024, product innovations and R&D activities to outline the competitive landscape

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In a major turn of events encompassing the passive fire protection materials marketplace, the strategic collaboration between AkzoNobel and Benarx Solutions is certainly a news that is grabbing most of the attention lately.  Somewhat toward the last quarter of 2017, AkzoNobel, a formidable player in passive fire protection materials industry, has reportedly, inked a marketing and distribution agreement with Benarx Solutions AS, the majority owned subsidiary of Beerenberg Group, in a bid to enhance its product portfolio in the business space. Allegedly, the agreement grants AkzoNobel the authority to combine its wet-applied fire protection solutions with Benarx’s innovative dry based Passive fire protection materials products specially dedicated for oil and gas sector. Experts have been already raving about the collaboration, claiming it to bring a disruptive trend in the entire passive fire protection materials market with a diversified platter of innovative solutions for various complex projects.

U.S. passive fire protection materials market size, by end-user, 2013 – 2024 (USD Bn)
U.S. passive fire protection materials market size, by end-user, 2013 - 2024 (USD Bn)

In recent times, safety measures in commercial and residential infrastructure has a bigger role to play than anticipated, a factor that has tremendously upscaled passive fire protection materials industry demand. Based upon the data received from the National Fire Experience Survey of 2016, public fire departments in the United States were reported with over 1.3 million fire accidents in 2016, resulting in a casualty of almost 3,390 civilians, allegedly the highest in number since 2008. The astoundingly mammoth prevalence is prompting passive fire protection materials market players to come up with efficient and effective fire protection coatings for residential and commercial infrastructures as well. Moreover, stringent governmental legislations with regard to domestic fire safety are further complementing passive fire protection materials industry growth.

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Persistently being channelized by the continuous improvisation of building standardization, the competitive landscape of passive fire protection materials industry is strongly characterized by product innovations via R&D activities. In this regard, recently, passive fire protection materials market has witnessed the inception of an absolutely innovative fire-resistant coating named Firoshield. Collaboratively being launched by researchers of Nanyang Technological University and engineers from JTC Corporation, the latest coating is claimed to cost half than that of conventional coatings. Add to it, sources claim that these coatings can be applied to structural materials in half the time than that of its traditional counterparts.  Allegedly, this state of the art version of fire protective coating would be sent to U.K for industry certification purposes, which is reported to be completed by April, this year.

Some of the other leading names contending a strong portfolio in passive fire protection materials market include Rudolf Hensel, Teknos, Promat International, 3M, Lloyd Insulations, Hempel, and Sherwin-Williams. Most of these giants are bending over backwards on R&D investments to spurt their product portfolio in the strategic landscape. To cite an instance of the same, recently, Jotun, the Norwegian chemical giant has declared its plan of establishing a completely new R&D center at Flixborough, United Kingdom. Reportedly, the project led with an initial investment of GBP 4.5 million would exclusively focus on fire insulation and protection coatings, in a bid to reinforce Jotun’s position at the vanguard of the burgeoning passive fire protection materials industry.  Considering the aforementioned initiations, it is quite coherent to mention that the passive fire protection materials market is overt to witness a plethora of opportunities over the ensuing years. Obviously, the market’s fullest potential can only be achieved through joint contribution from both private as well as government entities. However, with the globe treading on the path of sustainability trends along with profound research activities addressing the same, it is undeniable that passive fire protection materials market would also record a tremendous stature in terms of product innovations and revenue.  In terms of commercialization, worldwide passive fire protection materials industry size is claimed to exceed a valuation of USD 27 billion by 2024.

Author Name : Satarupa De

Fenugreek seed extract market to witness pronounced growth from pharmaceutical applications, global revenue to surpass USD 9.5 million by 2024

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The competitive hierarchy of fenugreek seed extract market is chronicled to get a bit consolidated over the ensuing years, boasting of a portfolio of renowned names like Arjuna Natural Extracts, Unique Organics, Nutra Green Biotechnology, Novoherb, and Bio-Botanica. The consolidation has been rather strengthened in recent years with international health organizations feverishly focusing on teaming up with global food manufacturers in a bid to skip the influence of middleman in the supply value chain. For instance, somewhat toward the end of last year, the UNPA (United Natural Products Alliance) and the China Nutrition and Health Food Association have inked an MOU agreement in the latest U.S. Embassy ceremony at Beijing. Reportedly, the deal comes on the heels of promoting the exchange research activities between U.S. and China for a sustainable development of natural healthy products in both the nations. Fenugreek seed extract industry dynamics is deemed to get benefited by similar patterns of government initiatives in close cooperation with market participants.

North America Fenugreek Seed Extract Market, By Application, 2013-2024, (Tons)

North America Fenugreek Seed Extract Market, By Application, 2013-2024, (Tons)

The pharmaceutical sector, unquestionably, is one of the major application frontiers of fenugreek seed extract market. Touted as panacea, fenugreek is claimed to be one of the most primitive medicinal plants, that has been witnessing an extensive demand both from Western and Eastern herbal medicine since centuries.  The increasing percentage of geriatric populace base vulnerable to diabetes, particularly type 2, is prompting consumers to incline more toward nutrient dense food consumption, which would most certainly push fenugreek seed extract market size. According to the clinical research- Trigonelline, an essential plant alkaloid with tremendous therapeutic potential for central nervous disease and diabetes is found abundant in fenugreek seeds. Aided by the herb’s unique fiber composition blended with high proportion of saponins, fenugreek seeds are literally claimed to be godsend for obese and high cholesterol patient pool. Add to it, recent advancements in nutraceutical research has further opened up a slew of opportunities for fenugreek seed extract industry, with regards to exploitation in pharmaceutical domain.

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Pharmaceutical application, as per estimates, accounted for a significant share of fenugreek seed extract market share in 2016, accounting for almost USD 2 million. Besides being utilized in the treatment of diseases, the pharmacological properties of fenugreek seeds such as antifungal, anti-inflammatory, antibacterial, antihyperlipidemic, and antimicrobial, also contribute immensely in preventing onset of chronic diseases, metabolic diseases and oxidative damages in particular. Recent clinical research in fenugreek seed extract marketplace has further outlined the pharmaceutical utilization of these seeds with regards to gynecological problem. A study published at the International Journal of Medical Sciences, in the year before last, depicted that fenugreek seed extracts also help in treating ovarian cyst as well as symptoms of PCOS.  Needless to mention, the ongoing expansion in research activities in a bid to exploit the maximum potential of this medicinal herb would prove to be one of the major driving forces for fenugreek seed extract industry over the ensuing years.

While fenugreek seed extract market has appreciably penetrated the medical sector, subject to its plethora of benefits with regard to human health in recent years, experts claim, it is still just a fraction of its multi potentiality. As fenugreek can be well grown across varied climatic conditions geographically, it is alleged to have wide genotypic variabilities, which, can open up new growth opportunities for fenugreek seed extract market giants. Ranging from temperate forests to tropical belt, fenugreek can be well cultivated across areas having an annual temperature range of 7.8–27.5 °C and an annual precipitation of range 300–1500 mm.  The potential to grow even in these diversified climatic range and adverse conditions, is, undoubtedly a vital pointer enhancing the growth profile of fenugreek seed extract market.

Now that the significance of fenugreek seeds is clinically confirmed in healthcare domain, experts believe the need of the hour is to consider this herb in massive research projects not only to widen the application portfolio of fenugreek seed extract industry, but also to bring extensive improvements in its mass production.

Author Name : Satarupa De

HLA typing for transplant market to witness a double-digit growth rate over 2017-2024, sequencing based molecular assays to augment the industry expansion

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Amidst the currently expansive healthcare space, encompassing numerous verticals, HLA typing for transplant market has profoundly inked a rather progressive growth path, subject to the escalating requirement of organ transplantation which includes both cellular and humoral immune responses. As per clinical research, at least 6 HLA (Human Leukocyte Antigens) of the donor need to be matched with the organ receiver, since the success of stem cell transplantation is mainly dependent on the accuracy level of HLA matching among donors and receivers – higher the accuracy, lesser the complication risk. Having identified this potential factor and considered the benefits of human leukocyte antigens typing for transplants, many of the research institutes and diagnostics centers have been deploying this technique on large scale, thereby providing a positive impetus to HLA typing for transplant industry. It is prudent to state that the increasing use of advanced technologies across various healthcare facilities will help to identify and correlate the best possible transplant outcomes, further spurring HLA typing for transplant industry trends. Indeed, the growing acceptance of next-generation sequencing for organ transplantation will be one of the pivotal driving forces of HLA typing for transplant market size in the ensuing years.

U.S. HLA Typing for Transplant Market size, By Technology, 2013-2024 (USD Million)
U.S. HLA Typing for Transplant Market size, By Technology, 2013-2024 (USD Million)

At present, HLA typing for transplant industry is characterized by many research organizations and technology companies developing countable numbers of transplantation techniques and medicinal kits. In 2017 for instance, the Australian molecular diagnostic company, TBG Biotechnology, received the approval for its HLA genotyping kits for HCT (hematopoietic cell transplantation) from the China Food and Drug Administration (CFDA). After the approval, TBG apparently even collaborated with hematopoietic cell transplantation service providers and laboratory distributors, expanding the scope of HLA typing for transplant market. As per estimates, China is one of the largest consumers of allogeneic HCT market, therefore, increasing the rate of approval for HLA typing laboratories from CFDA is undeniably bound to stimulate China HLA typing transplant industry outlook.

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In order to augment the revenue graph of HLA typing in transplant industry, renowned players have been focusing on technology development, discovery, and commercialization of high-value diagnostic methodologies for organ transplantation, on the grounds of which, companies are adopting advanced software-based technologies. For instance, last year, CareDx, Inc. acquired Assign™ SBT analysis software and Conexio SBT Resolver™ from Illumina, Inc. for improving high-resolution HLA typing. This technology apparently, has set a new benchmark ahead of several other biggies in HLA typing for transplant market with product innovation and high-quality HLA (Human Leukocyte Antigens) typing. This acquisition also helped CareDx to build its transplant business through the launch of new products and the commercialization of its existing portfolio. With firms such as CareDx and Illumina signing deals related to transplantation technology, next-generation sequencing system based HLA typing has gained remarkable momentum in recent years. In fact, after evaluating HLA typing results associated with next-generation sequencing based, one of the leading giants in NGS HLA typing transplantation and sequencing-based typing, based in Netherlands, GenDx signed an agreement with one of the well-known behemoths in HLA typing for transplant market, Thermo Fisher Scientific, to provide Ion PGM and NGSengine software to customers. The aforementioned detail validates that heavy investments in R&D activities to enhance existing technology will indeed fuel HLA typing for transplant industry share.

Organ transplant methods have indeed aided millions of patients, however, in order to increase the availability of organs, most giants in HLA typing for transplant market have been making heavy investments to research on more accurate and precise methodologies that would further promote the acceptance of transplantation technique across the globe. In consequence, this would have a profound impact on the revenue graph of HLA typing for transplant industry, slated to register a CAGR of 10% over 2017-2024.

Author Name : Sunil Hebbalkar

Non-invasive neonatal ventilators market to depict high growth prospects over 2017-2024, fuelled by their massive deployment in emerging economies

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The last half a decade has witnessed a major ascent in the number of preterm birth incidences, which has led to neonatal ventilators market carving out a positive growth path. Despite high-grade medical intervention, there has been an increase in the number of respiratory problems in infants and the rate of infant mortality, which has undeniably contributed toward the growth of neonatal ventilators industry. According to statistics provided by WHO in 2016, roughly 4.2 million children died globally before the completion of the first year of their lives. The occurrence of deaths was highest in the WHO African region which was almost 6 times higher than the WHO European region, indicating that infants in developing countries receive lesser medical attention than those in the developed ones. In response, hospitals, clinics, and medical research institutes have been coming forth to devise proper infant care equipment, a trend that will boost neonatal ventilators industry size.

U.S. Neonatal Ventilators Market size, By Product, 2013-2024 (USD Million)
U.S. Neonatal Ventilators Market size, By Product, 2013-2024 (USD Million)

A succinct outline of the product spectrum of neonatal ventilators market

Neonates, as a matter of fact, are delicate beings, and their tiny size further adds to the challenge of how ventilation could be used for supporting their respiration process, thus expanding the scope of neonatal ventilators market. Subject to the prevalence of incredible research and development programs, in tandem with numerous technological developments that are regularly upgraded, neonatal ventilators industry has indeed been observing remarkable momentum. As per research, invasive or mechanical ventilators have exhibited a much greater rate of success than non-invasive ones. However, invasive neonatal ventilators market is more established in developed countries while in regions lacking in medical resources and advanced healthcare, continuous positive airway pressure (CPAP) and other non-invasive neonatal ventilators have observed greater sales. In consequence, this has had a commendable impact on the commercialization potential of non-invasive based neonatal ventilators market share from the emerging economies.

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Speaking of mechanical ventilation, it has been observed that subjecting tiny preterm babies or even normal infants to the process of invasive ventilation can often turn out to be challenging due to their size and difference of organ behaviour between babies and adults. Also, research bears testimony to the fact that invasive neonatal ventilators can cause severe side effects that can last a lifetime. On the contrary, non-invasive ventilators have no such side-effects and when administered on time by medically trained professionals, it has proven to be as effective as the mechanical ventilators, which has further stimulated the sales graph of non-invasive based neonatal ventilators industry. Studies indicate that while invasive neonatal ventilators industry will capture mainstream prominence in developed countries, the non-invasive business space will witness a 6% CAGR over 2017-2024, driven by extensive product adoption in developing countries.

The United States, as on today, is one of the most developed hubs of neonatal ventilators market, driven by the nation’s accelerated R&D programs and sophisticated healthcare infrastructure. Currently, the region holds the largest share of the overall neonatal ventilators market, however, pertaining to relatively low addressable needs, U.S. neonatal ventilators market size is slated to register a modest CAGR over 2017-2024.

Emerging economies like China and Brazil have been forecast to depict a rather impressive growth rate over the next six years, driven by numerous technological developments and the rapid modernization of neonatal healthcare facilities. In the last decade alone, China has witnessed a robust growth in the number of hospitals, while private clinics have apparently become popular in tier 1 cities in the country. Hospitals and clinics are lately becoming increasingly better equipped to handle neonatal emergencies – this validates that China neonatal ventilators industry share is also likely to witness massive growth from hospitals alone.

New research and development programs are continuously being undertaken by neonatal ventilators industry players such as Breas Medical, Medtronic Plc, CareFusion, Phillips Respironics, Smith Medical, Drager Medical, GE Healthcare among many others, that are delving into the depths of neonatal healthcare. With added encouragement from health organizations and governments the world over, the neonatal ventilators market size is estimated to be pegged at USD 430 million by 2024.

Author Name : Paroma Bhattacharya

IoT in healthcare market to register a double-digit growth rate over 2017-2024, shifting trends toward smart tech deployment to boost the regional landscape

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IoT in healthcare market has been forecast to witness remarkable growth prospect in the years ahead, subject to the robust enhancements in healthcare infrastructure. Digitization, having paved its way toward healthcare, has prompted numerous hospitals and regional governments to undertake initiatives to deploy IoT in the healthcare sector, owing to the rise in the requirement for mobility and communication in medical care. With the implementation of IoT facilities, healthcare service providers may be able to deal with the challenges related to consumer data sharing, since this technology is highly capable of dealing with patient data operations very efficiently. The emergence of the internet of things has significantly impacted the overall IoT in healthcare industry trends since the last few years. Statistically, in 2016, IoT in healthcare market held a revenue of more than USD 2 billion.

US IoT healthcare market, by application, 2016 & 2024 (USD Billion)

 US IoT healthcare market, by application, 2016 & 2024 (USD Billion)

Nowadays, medical research institutes and healthcare product manufacturers have been joining hands to accelerate digitalization across the healthcare sector by deploying technologically advanced digital health products. For instance, Oxford University and National Institute for Health Research (NIH) have signed a five-year agreement with the London based giant in IoT in healthcare market, Drayson Technologies to build and commercialize digital healthcare tools. Through this research agreement, the Oxford Biomedical Research Center aims to deliver excellent benefits to patients from hospital to the comfort of their homes. For this research and development program, NIH has provided funding to Drayson Technologies, which also raised USD 53 million from several other funding agencies.

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Recently, the integration of the internet of things with artificial intelligence (AI) has changed the outlook of healthcare institutions, having fortified medical care data maintenance with improved storage capability, robust connectivity, and high security. The well-known participants in IoT in healthcare market are also focusing on AI-based IoT healthcare facilities. For instance, IBM has recently developed an AI system for hospitals that will help to carry out tedious tasks much more efficiently and flawlessly than humans. In fact, IoT has helped bring about a paradigm shift in healthcare, subject to the introduction of smart devices that help provide and secure patient data. IoT also enables doctors to get in touch with patients staying in remote areas very easily through video conferencing, on account of which patients can eliminate the need for routine checkups. With numerous benefits under consideration, healthcare professionals are increasingly adopting IoT systems, which is certain to have a positive impact on IoT in healthcare industry.

The stand taken by regulatory bodies and regional governments have also influenced IoT in healthcare market outlook considerably. In fact, it has been observed that governments have been pressurizing healthcare centers to implement IoT, on the grounds of which numerous hospitals and clinics have deployed IoT technology to maximize patient comfort. In addition, many countries have commenced smart city programs incorporating healthcare IoT projects, which would also push IoT in healthcare market share. For instance, the Singapore government has collaborated with Intel and Dell to deploy the Internet of things for eldercare patient pilot project at the Saensuk Smart City. The large-scale deployment of smart city projects across several other countries will further stimulate IoT in healthcare industry size over the years ahead.

In the future, the integration of IoT in healthcare facilities is likely to increase the possibility of operating analytical tools and maintaining electronic health records. The growing renovation of established healthcare facility centers is another major factor that will push IoT in healthcare industry size, slated to cross USD 10 billion by 2024.

Author Name : Sunil Hebbalkar

Phosphorescent pigments market to garner lucrative proceeds over 2017-2024 via massive product demand from the paints & coatings and construction arenas

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An exclusively discernible example of an industry famous among all and sundry, though not by its christened name, phosphorescent pigments market stands as one of most popularly reputed spheres at the grassroot level. Owing to their widespread popularity, phosphorescent pigments industry players have been continually involved in R&D programs that would enhance the application landscape of this business sphere. Say for instance, the Urban Redevelopment Authority (URA), as recent as early 2017, tested four different types of surface materials on a 1,300-foot stretch of Singapore’s Rail Corridor behind a metro station in Bukit Panjang, in order to make the trial safer and more reliable for public use, without the necessity for street lighting. While the response to the luminous trail has been slightly underwhelming, it has been satisfying enough for the notion to gain weightage, prompting regional phosphorescent pigments market players to expand their R&D programs and explore the idea further with regards to practical implementation.

U.S. Phosphorescent Pigments Market Size, by End-user, 2013 – 2024 (USD Million)
U.S. Phosphorescent Pigments Market Size, by End-user, 2013 – 2024 (USD Million)

Phosphorescent pigments market may dynamically transform street lighting & energy consumption

These products, better known by their colloquial name – ‘glow in the dark’ paints, find tremendous applications across the paints and coatings, plastics, and construction sectors, pertaining to their exclusive property of light absorption and quick, controlled emission in a dark environment. Endowed with excellent temperature resistance and longer emission times, these pigments ensure the long-term appearance of a luminous effect, which can be aptly credited for the expansive end-use spectrum of phosphorescent pigments market that includes novelty toys, roads, military equipment, plastic sheets, automobile interiors, wheel coatings, fire exits, and emergency signboards. One of the domains however, that may extensively benefit from these pigments and prove to be a profitable avenue for phosphorescent pigments industry growth, is the energy sector. In recent years, in a bid to save energy and reduce expenditure on highway lighting, companies have been tapping the notion of using bright glow paint signs on roads that would guide the driver and eliminate the necessity of lighting, thereby providing a lucrative growth ground for phosphorescent pigments market players. The concept had been brought under the scanner by a Dutch company in 2014 – Studio Roosegaarde, that joined hands with a Dutch civil engineering firm called Heijmans, with the intention of developing a phosphorescent paint that can glow brightly in the dark, on the outside, creating sufficient luminescence for drivers to see the pathway ahead. Despite not being globally commercialized, the perception, back then, successfully debuted in phosphorescent pigments industry.

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Phosphorescent pigments market outlook characterized by myriad R&D programs

As on today, ‘glow in the dark’ paint is being deployed across a plethora of applications in order to reduce energy consumption, which may substantially pave the way for phosphorescent pigments market expansion. Phosphorescent paint for instance, is being used to create luminous cement, that may transform the way the urban landscape is lit. Phosphorescent pigments industry firms have even been researching ways of developing ‘glow in the dark’ plants, that may direct the global populace toward a more sustainable and eco-friendly lifestyle. The pigments are specifically used for emergency exit signages, given the gravity of the situation. In fact, just recently, Councilor Mabel Acosta of Philippines stated that it would be mandatory for all the establishments to install glowing emergency exits that may help people escape during unforeseen calamities.

Traditionally manufactured from an amalgamation of copper and zinc sulfide crystals, phosphorescence pigments attribute their characteristic to the unique properties of crystalline zinc sulfide and the ability of copper to activate the crystals for absorbing light and emitting the same gradually to generate a phosphorescent sheen. However, these pigments have also been developed from alkaline earth metals such as strontium, after Nemoto & Company, a Japan phosphorescent pigments market player introduced a strontium-based product under the brand name of LumiNova. Apparently, these pigments possess a higher rate of durability and brightness than the traditional zinc sulfide based products – technically speaking, these pigments have an afterglow period that is ten times higher than ZnS-based pigments, and they are also known to be free of radioactive substances, while exhibiting excellent weather resistance. In consequence, this has generated a slew of growth avenues for phosphorescent pigments industry players to come up other unique products that can be used for highlighting the phosphorescence effect, without compromise. The overtly robust demand for the product for emergency exits, lighting, and signage boards, in addition to the rapid transformation in the lighting and construction sectors, will further provide a boost to phosphorescent pigments market trends. As per estimates, phosphorescent pigments industry size is slated to expand at a CAGR of 4.5% over 2017-2024.

Author Name : Saipriya Iyer