Worldwide Trends Overview: The Rapid Development of the Luminous Paint Market

The luminous paint sector is gaining considerable attention as it moves toward a promising future. With advancements in technology and growing applications across various industries, this market is set for significant expansion. Let's explore the current market size, key players, influential trends, and detailed market segmentation shaping the luminous paint industry.

Projected Market Size and Expansion of the Luminous Paint Market
The luminous paint market is poised for substantial growth over the coming years. By 2030, it is expected to reach a market size of $24.97 billion, expanding at a compound annual growth rate of 8.0%. This growth is driven by increased development in smart city infrastructure, stricter safety regulations in public environments, broader implementation of emergency evacuation systems, advancements in durable phosphorescent materials, and a rising preference for energy-efficient lighting solutions. Major trends during this period include expanding use in emergency signage, transportation safety applications, decorative glow-in-the-dark coatings, smart infrastructure integration, and heightened demand in defense and industrial safety markings.

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Primary Companies Leading the Luminous Paint Market
Several notable players dominate the luminous paint market, including Rust-Oleum Corporation, Rosco Laboratories, DayGlo Color Corp., Tec Star LLC, Star Nail International LLC, Teal and Mackrill, ADS Group, Glow Inc., 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, Noxton Company, SolarColorDust LLC, and Wildfire Lighting.
In a significant move in August 2023, Akzo Nobel N.V., a Netherlands-based manufacturer of paints and coatings, acquired Sherwin-Williams' Chinese decorative paints business for $109 million. This acquisition is expected to bolster AkzoNobel's presence in China, enhance market segmentation opportunities, and solidify its position beyond the premium segment. Sherwin-Williams is known as a US-based photoluminescent paint manufacturer.

Current Technological Trends Shaping the Luminous Paint Industry
Leading corporations in the luminous paint sector are focusing on innovative technologies, including water-based photoluminescent coatings that provide long-lasting glow and environmentally friendly applications. These advancements aim to improve visibility, reduce energy consumption, and elevate surface aesthetics. Photoluminescent coatings incorporate special phosphor pigments that absorb ambient light such as sunlight, LED, or UV rays and then slowly re-emit it in darkness, similar to glow-in-the-dark signs. This allows for prolonged illumination, energy-free visibility, and versatile design possibilities.
For example, in 2023, LuminoKrom, a specialty coatings company from France, introduced its Water-Based Photoluminescent Paint. This product can emit visible light for up to 10 hours after exposure, and is suitable for both indoor and outdoor surfaces like roads, pedestrian crossings, and decorative walls. It offers a non-toxic, eco-friendly alternative to traditional paints, enhancing both safety and aesthetic appeal.

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Breakdown and Forecast of Segments in the Global Luminous Paint Market
This report segments the luminous paint market into key categories for better analysis:
1) By Type: Fluorescent Paint, Phosphorescent Paint, Radio Luminescent Paint
2) By Application: Escape Routes, Emergency Signage, Cosmetics, Home Decor, Other Applications
3) By End Use Industry: Transportation Industry, Medical and Healthcare Industry, Building and Construction, Defense Industry, Oil and Gas Industry, Other End-Users
Further subsegments include:
- Fluorescent Paint: Water-Based Fluorescent Paint, Solvent-Based Fluorescent Paint
- Phosphorescent Paint: Zinc Sulfide-Based Phosphorescent Paint, Strontium Aluminate-Based Phosphorescent Paint
- Radio Luminescent Paint: Tritium-Based Radio-Luminescent Paint, Promethium-147-Based Radio-Luminescent Paint

These classifications provide a comprehensive view of the market's structure and anticipated growth areas moving forward.

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This release was published on openPR.