Press release
Future of the Luminous Paint Market: Trends, Innovations, and Key Forecasts Through 2034
Luminous Paint
Luminous Paint Market Size Growth Forecast: What to Expect by 2025?
The market size for luminous paint has seen a significant growth in past few years. The projected growth is from $15.38 billion in 2024 to $16.96 billion in 2025, with a compound annual growth rate (CAGR) of 10.2%. The increase during the historical period is due to factors such as consumer awareness and preference, uses in military and defense, demand from the automotive industry, needs of the healthcare sector, and the construction industry requirements.
How Will the Luminous Paint Market Size Evolve and Grow by 2029?
The market for luminous paint is predicted to experience robust expansion in the forthcoming years, swelling to a worth of $24.69 billion by 2029 at an impressive Compound Annual Growth Rate (CAGR) of 9.8%. This surge during the predictive period can be credited to elements like the growth of the tourism and entertainment sector, environmental policies and sustainability, rising demand within end-use industries, growing cognizance regarding safety, urban development and population surge. The key forthcoming trends include expansion of the construction sector, escalation in decorative and artistic applications, focussing on green formulations, amplified incorporation in the automobile industry, and amalgamation with smart technologies.
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What Drivers Are Propelling the Growth of Luminous Paint Market Forward?
The surge in demand for commercial buildings infrastructure projects is set to drive the growth of the luminous paint market in the future. These projects involve the large-scale creation, renovation, or expansion of commercial properties, including office buildings, retail centers, hotels, and mixed-use developments. The growth of infrastructure projects in commercial environments is fueled by the rise of urbanization, the need for modern office spaces, technological advancements necessitating updated building systems, and an emphasis on sustainability prompting energy-efficient upgrades and renovations. Luminous paints improve safety and aesthetic appeal in commercial buildings by offering visible signage, emergency lights, and decorative features, thus assisting in navigation and branding. For example, the Northern Ireland Statistics and Research Agency, an Ireland-based public authority, revealed in its quarterly construction inquiry in June 2023 that the comprehensive construction industry experienced a 6.5% growth from the first quarter of 2022 to 2023, with the residential construction sector escalating by 11.1% and the infrastructure subsector by 3.7%. Hence, the escalating demand for infrastructure projects in commercial buildings is contributing to the expansion of the luminous paint market.
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Which Emerging Trends Are Transforming the Luminous Paint Market in 2025?
Leading firms in the luminous paint market are focusing on the creation of luminescent photoactive materials to boost their products' performance and adaptability. These materials contribute to an increase in the brightness, durability, and applicability of luminous paints in areas such as safety signs, decorative pieces, and innovative items, meeting the rise in demand for unique glow-in-the-dark solutions across different sectors. In January 2022, Luminochem, a company based in Hungary known for pioneering luminescent photoactive materials, produced distinctive luminescent photoactive materials and markers. They particularly emphasized on organic fluorescent security pigments and dyes as well as near infra-red absorbing materials. This latest development expands their product range and contributes to its growth.
What Are the Key Segments in the Luminous Paint Market?
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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Who Are the Key Players Shaping the Luminous Paint Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Luminous Paint Market?
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.
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