What Has Been The Evolution of the Luminous Paint Market in Recent Years?
The luminous paint market has seen considerable growth due to a variety of factors.
• The luminous paint market has grown rapidly in recent years. It will increase from $15.38 billion in 2024 to $16.96 billion in 2025, with a CAGR of 10.2%.
Growth factors include consumer awareness and preference, military and defense applications, demand from the automotive and healthcare sectors, and requirements from the construction industry.
How Will the Luminous Paint Market?
The luminous paint market is expected to maintain its strong growth trajectory in upcoming years.
• The luminous paint market is expected to grow to $24.69 billion by 2029 at a CAGR of 9.8%.
Growth factors include the expansion of the tourism and entertainment industry, environmental regulations, rising safety awareness, urbanization, and population growth. Major trends include the expansion in construction, decorative uses, eco-friendly formulations, adoption in the automotive sector, and integration with smart technologies.
Which Factors Are Boosting Growth In The Luminous Paint Market?
The growing demand for commercial building infrastructure projects is anticipated to drive the growth of the luminous paint market. These projects involve the construction, renovation, or expansion of commercial properties like office buildings and retail centers, fueled by urbanization, demand for modern office spaces, and sustainability initiatives. Luminous paints enhance safety and aesthetics by providing visible signage, emergency lighting, and decorative elements. For instance, the Northern Ireland Statistics and Research Agency reported in June 2023 that the construction industry grew by 6.5% from 2022 to 2023. The rise in commercial building projects is expected to drive the luminous paint market.
What Key Areas Define The Segmentation Of The Global 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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What Trends Are Reshaping The Future Of The Luminous Paint Market?
Leading enterprises in the luminescent paint industry are innovating with photoluminescent materials to improve their products' effectiveness and adaptability. Such materials amplify the glow, longevity, and versatility of luminescent paints, making them more suitable for high-demand applications like safety signs, ornamental details, and unique items across different sectors. Luminochem, an innovative photoluminescent materials company based in Hungary, introduced new photoluminescent materials and markers in January 2022. They primarily focus on organic fluorescent security pigments, dyes, and materials that absorb near-infrared light. This new addition expands their growing product range.
Who Are the Key Players 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
What Is The Most Dominant Region 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.
