Luminous Paints Market Size 2024-Industry Share, Growth, Trends, Revenue Analysis, Top Leaders- GBC Safety Glow, Wildfire Lighting, Noxton Company.

Luminous Paints Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Luminous Paints market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Luminous Paints market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Luminous Paints Market is estimated to reach at a promising CAGR during the forecast period (2024-2031).

What is Luminous Paints Market?

Luminous paints, also known as glow-in-the-dark paints, are specialized coatings that emit light in the dark after being charged with a light source. These paints typically contain phosphorescent materials, such as strontium aluminate or zinc sulfide, which absorb light and then release it slowly over time. They are commonly used in various applications, including safety signs, decorative items, and art projects, due to their ability to enhance visibility in low-light conditions.

Rising demand for luminous paints:

The market for luminous paints is experiencing growth driven by several key factors. Consumers are increasingly favoring easily manageable products, including those that are dustproof, waterproof, and oilproof, as these qualities enhance usability and longevity. The cost-effectiveness of luminous paints also plays a significant role in their rising demand, alongside their easy availability in the market. Luminous paints are widely utilized in safety applications such as exit signs, warning labels, and regulatory signs, particularly in high-traffic areas like roadways, airports, and mines. The emphasis on safety and visibility in low-light conditions has further propelled the adoption of these products. As awareness of safety regulations increases and the need for effective signaling systems grows, the luminous paint market is expected to expand during the forecast period .

Key Players:

Profiles of some of the major players in the global Luminous Paints market, which include:

GBC Safety Glow, Wildfire Lighting, Noxton Company, Glow Luminous Paint, Teal & Mackrill Ltd, Lumilor, PUFFDINO Trade Co., Ltd., Defense Holdings, Inc, DayGlo Color Corp., Darkside Scientific LLC, ADS Group, GloTech International Ltd., Rosco Laboratories, Inc., GloNation LLC, Indra Glowtech Private Limited.

Industry Development:

In August 2023, Akzo Nobel N.V. completed the acquisition of Sherwin-Williams' Chinese decorative paints business for $109 million. This strategic move aims to enhance Akzo Nobel's position in the premium segment of the market, particularly in China, where the decorative paints sector is witnessing robust growth​. The acquisition is expected to bolster Akzo Nobel's product offerings and expand its market reach, leveraging Sherwin-Williams' established presence and distribution channels in the region .

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Luminous Paints market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Type: Fluorescent Paint, Phosphorescent Paint, Radio Luminescent Paint.

By Application: Commercial Building, Health Care, Transport, Military, Hospitality, Defense and instrumentation, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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