Press release
Luminous Paint Market Anticipated To Witness Robust Growth, Surpassing $24.69 Billion By 2029
Luminous Paint Market
What Is the Current Luminous Paint Market Size and Its Estimated Growth Rate?
The luminous paint market is growing rapidly, projected to rise from $15.38 billion in 2024 to $16.96 billion in 2025, at a CAGR of 10.2%. The growth is driven by consumer awareness, military and defense applications, demand from the automotive and healthcare sectors, and construction industry requirements.
The luminous paint market is expected to see substantial growth, reaching $24.69 billion by 2029 at a CAGR of 9.8%. This growth is driven by the tourism and entertainment industries, environmental regulations, increased awareness of safety, urbanization, and population growth. Key trends include expanded use in construction, decorative and artistic applications, eco-friendly formulations, automotive sector adoption, and integration with smart technologies.
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How Are Emerging Segments Shaping the Luminous Paint Market Landscape?
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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Which Growth Factors Are Influencing Luminous Paint Market Expansion?
The increasing demand for commercial buildings and infrastructure projects is anticipated to boost the growth of the luminous paint market. As urbanization accelerates and the demand for modern office and retail spaces grows, luminous paints are increasingly used in commercial buildings for safety, visibility, and aesthetic purposes. These paints are applied in areas like emergency signage, lighting, and wayfinding. According to the Northern Ireland Statistics and Research Agency, the construction industry grew by 6.5% in 2023, with infrastructure projects making up a significant portion of this growth.
Who Are the Dominant Players Across Different Luminous Paint Market Segments?
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
What Trends Are Driving Growth in The Luminous Paint Market?
Key players in the luminous paint market are innovating by incorporating luminescent photoactive materials into their offerings to boost product performance and adaptability. These materials heighten the brilliance, durability, and versatility of luminescent paints, making them ideal for use in safety signs, decorative items, and novelty goods. They are essential in meeting the escalating demand for advanced glow-in-the-dark solutions across several industries. In a noteworthy development in January 2022, Luminochem, a Hungary-based firm that specializes in pioneering luminescent photoactive materials, produced unique luminescent photoactive materials and markers. The brand's portfolio is concentrated on organic fluorescent security pigments, dyes, and close infra-red absorbing materials. This new production has amplified the growth of the company's product range.
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Which Geographic Regions Are Expected to Dominate the Luminous Paint Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Luminous Paint Market?
2. What is the CAGR expected in the Luminous Paint Market?
3. What Are the Key Innovations Transforming the Luminous Paint Industry?
4. Which Region Is Leading the Luminous Paint Market?
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