Introduced to the military applications as a flare alternative, adaption of glow sticks in civil security has augmented its demand. As per the United States Fire Administration (USFA), effective conspicuity exceedingly decreased the overall mortality rate and reduced possibility of accidents.
As per the recommendations of USFA, the fluorescent glow sticks will be viable for usage in multiple situations. The demand of glow sticks Market in the past decade has been dominated by the developed countries like United States, Canada and European countries.
The usage of glow sticks in the developing countries is still bleak. The infrastructure projects in developing countries have been receiving heavy endorsements in the recent past.
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European regulation shift consumer preferences towards LED based glow sticks
REACH, a European regulation associated with Registration, Evaluation, Authorization and Restriction of Chemicals substances strives to lower the impact associated with the usage of chemical substances.
The manufacturers and corporate end users working in European Union are required to have appropriate compliances regarding the usage of chemicals and products involving chemicals.
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Important doubts related to the Glow Sticks Market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the Glow Sticks market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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Manufacturers of glow sticks diversifying their portfolio for arts and recreational utilities
Some of the industry stakeholders working in the glow sticks market are Northern Products, Inc., Cyalume, LUMICA USA, INC., Bessen Glow Technology Ltd., Omniglow, The Glow Company UK Ltd., Sinoglow.com, Yiwu Findtoys Trading Co. Ltd. and Glow Fever among other players.
The market for glow sticks is highly fragmented, due to multiple the involvement of multiple companies, especially fmor China that offer glow sticks and related luminescent accessories. The external sourcing by governmental institutions for glow sticks can be highly profitable for the current and emerging players in the glow sticks market.
The Glow sticks report covers exhaustive analysis on:
- Glow sticks Segments
- Glow sticks Market Dynamics
- Glow sticks Market Size
- Supply & Demand of Glow sticks
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Glow sticks
- Value Chain of the Glow sticks
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Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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