Press release
Global Luminous Paint Market Projected to Surpass $24.69 Billion by 2029 with 9.8% Annual Growth
Luminous Paint Market Size
The increase in demand for commercial building infrastructure is expected to propel the luminous paint market. Infrastructure projects in commercial buildings are growing due to urbanization and demand for modern spaces, focusing on sustainability and energy efficiency. Luminous paints are used for safety and aesthetics in these spaces. In 2023, the Northern Ireland Statistics and Research Agency reported a 6.5% expansion in the construction industry, further stimulating the demand for luminous paints.
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What is the future CAGR of the luminous paint market, and how will it impact industry expansion?
The luminous paint market will expand from $15.38 billion in 2024 to $16.96 billion in 2025 at a CAGR of 10.2%, driven by demand in automotive, construction, military applications, and healthcare sectors.
The luminous paint market will grow to $24.69 billion by 2029 at a CAGR of 9.8%, with demand from tourism, entertainment, construction, automotive, and safety applications. Trends include eco-friendly formulations, decorative and artistic uses, urbanization-related growth, and smart technology integration.
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What are the most significant trends transforming the luminous paint market today?
Companies in the luminous paint market are advancing luminescent photoactive materials to improve brightness, durability, and versatility. For instance, in January 2022, Luminochem, a Hungary-based company, introduced innovative luminescent materials and markers. These materials, including organic fluorescent security pigments and near infra-red absorbing materials, are enhancing the performance of glow-in-the-dark applications in safety signage and decorative products.
Which key market segments comprise the luminous paint market and drive its revenue growth?
The luminous paint market covered in this report is segmented -
1) By Type: Fluorescent Paint, Phosphorescent Paint, Radio Luminescent Paint
2) By Material: Zinc Sulfide Powder, Calcium Sulfide Powder, Strontium-90 (Sr-90), Tritium (H-3) And Promethium (Pm-147), Radium-226 (Ra-226), Other Materials
3) By Application: Escape Routes, Emergency Signage, Cosmetics, Home Decor, Other Applications
4) By End Use Industry: Transportation Industry, Medical And Healthcare Industry, Building And Construction, Defense Industry, Oil and Gas Industry, Other End-Users
Subsegments:
1) By Fluorescent Paint: Water-Based Fluorescent Paint, Solvent-Based Fluorescent Paint
2) By Phosphorescent Paint: Zinc Sulfide-Based Phosphorescent Paint, Strontium Aluminate-Based Phosphorescent Paint
3) By Radio Luminescent Paint: Radium-Based Radio Luminescent Paint, Tritium-Based Radio Luminescent Paint
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What regions are at the forefront of luminous paint market expansion?
Asia-Pacific was the largest region in the luminous paint market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the luminous paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the luminous paint market?
Major companies operating in the luminous paint market are Rust-Oleum Corporation, Rosco Laboratories, DayGlo Color Corp., Tec Star LLC, Star Nail International LLC, Lumiflon America Inc., Teal and Mackrill, ADS Group, Glow Inc., Defense Holdings, GloTech International, Glow Tec UK Ltd., PUFFDINO Trade Co. Ltd., Art 'N Glow LLC, EverGlow NA Inc., Glow Products Canada Inc., Glow-Mania LLC, Glowway Oy, Jolie Paint LLC, Lumilor LLC, Luminova Corporation, Luminox USA Inc., Noxton Company, SolarColorDust LLC, Wildfire Lighting
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What Is Covered In The Luminous Paint Global Market Report?
•Market Size Forecast: Examine the luminous paint market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the luminous paint market for a structured understanding.
•Key Players Overview: Analyze major players in the luminous paint market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the luminous paint market.
•Segment Contributions: Evaluate how different segments drive overall growth in the luminous paint market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the luminous paint market.
•Industry Challenges: Identify potential risks and obstacles affecting the luminous paint market.
•Competitive Landscape: Review strategic developments in the luminous paint market, including expansions, agreements, and new product launches.
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