Photoluminescent Paints Market

Gain valuable insights into the market for Photoluminescent Paints, including sales outlook, demand forecast, and up-to-date key trends

Growing adoption of photoluminescent paints in safety and emergency exit signage driving market growth

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-92230 Format: PDF Pages: 275

Report Highlights

According to a research survey conducted by ChemView Consulting, Photoluminescent Paints Market is estimated to be worth US$ 407.54 Mn in 2023. The market is expected to grow at a CAGR of 6.80% between 2023 and 2033 to hit US$ 786.84 Mn by 2033 end.

Key Market Trends

Increasing Demand for Eco-Friendly and Sustainable Photoluminescent Paints

As the world becomes more environmentally conscious, the demand for eco-friendly and sustainable products is on the rise. In the Photoluminescent Paints Market, this trend is reflected in the growing demand for products that are not only effective but also sustainable. As such, companies that prioritize sustainability in their product offerings are likely to gain a competitive advantage. By offering photoluminescent paints that are eco-friendly, free from harmful chemicals, and have a low carbon footprint, companies can cater to the increasing demand for sustainable solutions.

Growing Adoption of Photoluminescent Paints in Infrastructure and Safety Applications

The use of photoluminescent paints is gaining traction in infrastructure and safety applications. These paints are used to mark escape routes, emergency exits, and hazardous areas in buildings, tunnels, and transportation systems. They offer a reliable and cost-effective solution for enhancing safety and visibility in low light conditions. As the awareness and adoption of photoluminescent paints increase, companies can capitalize on this trend by developing innovative products that cater to the specific needs of different industries. By investing in research and development, companies can improve the performance and durability of their products, making them more appealing to customers in the infrastructure and safety sectors.

Market Drivers

Increasing Demand for Eco-Friendly and Sustainable Products Driving the Growth of the Photoluminescent Paints Market

The rising concerns regarding the adverse effects of traditional paints on human health and the environment have led to a shift towards sustainable alternatives. Photoluminescent paints are gaining popularity among consumers due to their ability to provide high visibility in low light conditions without relying on electricity. Additionally, these paints offer long-lasting performance and are easy to apply, making them a cost-effective solution for businesses and consumers alike.

Growing Demand for Safety Signage in Construction and Transportation Industries Boosting the Photoluminescent Paints Market

The photoluminescent paints market is experiencing significant growth due to the increasing demand for safety signage in the construction and transportation industries. Safety signage is a critical aspect of these industries, as it helps prevent accidents and injuries by providing clear instructions and warnings. Photoluminescent paints are an ideal solution for safety signage, as they can be easily seen in low light conditions and do not require any electricity to operate.

Segmentation Insights

After conducting a thorough analysis of the Photoluminescent Paints Market, we have identified the top three trending segments in the industry. These segments are experiencing high demand, strong market growth, and widespread adoption.

Most Popular (Fastest Growth Rate)

Building and Construction – Fine Powder Grade

Fine Powder Grade Photoluminescent Paints have emerged as the most popular choice in the Photoluminescent Paints Market for the Building and Construction industry. These paints are known for their ability to glow in the dark, making them an ideal solution for emergency exit signs, stair markers, and hazard warnings. The high-quality and performance of fine powder grade photoluminescent paints make them the preferred choice for consumers seeking efficient and long-lasting solutions in the building and construction industry.

Most Selling (Largest Market Share)

Industrial and Infrastructural – Ground Fine Powder Grade

Ground Fine Powder Grade Photoluminescent Paints are the most selling product in the Photoluminescent Paints Market for Industrial and Infrastructural applications. These paints are suitable for high-traffic areas, providing long-lasting and durable luminescence. The high-performance and durability of ground fine powder grade photoluminescent paints make them the go-to choice for consumers seeking reliable and effective solutions in the industrial and infrastructural sectors.

Trending (Gaining Traction)

Transportation – Coarse Powder

Coarse Powder Grade Photoluminescent Paints are gaining significant traction in the Photoluminescent Paints Market for the Transportation industry. These paints are ideal for use in transportation applications such as aviation, marine, and automotive, providing visibility and safety in low-light conditions. The excellent luminosity and durability of coarse powder grade photoluminescent paints make them the trending choice for consumers seeking high-quality solutions in the transportation industry.

Regional Insights

Growing Infrastructure Development to Boost Asia Pacific Photoluminescent Paints Market

The Asia Pacific region is witnessing rapid urbanization and infrastructure development, including the construction of airports, metro stations, tunnels, and highways. This growth in infrastructure development is driving the demand for safety and emergency lighting systems, which is expected to boost the photoluminescent paints market.

Sustainability Concerns Boost the North America Photoluminescent Paints Market

The North America photoluminescent paints market is experiencing a significant boost due to the growing concern for sustainability in various industries. Photoluminescent paints are considered eco-friendly as they do not contain any toxic materials, unlike traditional paints. This has led to an increasing demand for photoluminescent paints in various industries such as healthcare, transportation, and retail.

The healthcare industry, in particular, has been a key driver for the growth of the photoluminescent paints market in North America. Hospitals and medical facilities are required to have a clear and visible emergency exit route. Photoluminescent paints are used to create such markings, which not only provide visibility in low-light conditions but are also eco-friendly and non-toxic.

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Report Includes

Research Scope/Taxonomy
Market Analysis by Technology:

  • Transportation
  • Automotive
  • Marine
  • Aerospace
  • Building and construction
  • Residential
  • Commercial
  • Industrial and Infrastructural
  • Others

Market Analysis by Grade:

  • Coarse powder (above 25 µm)
  • Fine Powder (3-5 µm)
  • Ground Fine Powder (1-3 µm)

Analyst Credentials

Key Companies Profiled

  • Benjamin Moore & Co
  • Johnson Paints
  • Indra Glowtech Private Limited
  • Rust-Oleum Corporation
  • Allureglow USA
  • Glow Inc.
  • Protech Powder Coating
  • GloNation LLC
  • CS Coatings, Inc.
  • Jann’s Netcraft
  • The Glow Company
  • Jolin Corporation

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Type W.R.T. Grade

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Technology Landscape

10.1. Introduction

10.2. Key Market Trends

10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Technology [Value (US$ Mn) and Volume (Tons) Analysis]

10.3.1. Transportation

10.3.2. Automotive

10.3.3. Marine

10.3.4. Aerospace

10.3.5. Building and construction

10.3.6. Residential

10.3.7. Commercial

10.3.8. Industrial and Infrastructural

10.3.9. Others

10.4. Market Attractiveness Analysis by Technology

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Grade [Value (US$ Mn) and Volume (Tons) Analysis]

11.2.1. Coarse powder (above 25 µm)

11.2.2. Fine Powder (3-5 µm)

11.2.3. Ground Fine Powder (1-3 µm)

11.3. Market Attractiveness Analysis by Grade

12.1. Introduction

12.2. Key Market Trends

12.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

12.3.1. North America

12.3.2. Latin America

12.3.3. Europe

12.3.4. Asia-Pacific

12.3.5. Middle East

12.3.6. Africa

12.4. Market Attractiveness Analysis by Region

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. By Country U.S. Canada

13.3.2. By Technology

13.3.3. By Grade

13.4. Market Attractiveness Analysis

13.4.1. By Country

13.4.2. By Technology

13.4.3. By Grade

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country Brazil Mexico Rest of Latin America

14.3.2. By Technology

14.3.3. By Grade

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Technology

14.4.3. By Grade

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

15.3.2. By Technology

15.3.3. By Grade

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Technology

15.4.3. By Grade

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

16.3.2. By Technology

16.3.3. By Grade

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Technology

16.4.3. By Grade

17.1. Introduction

17.2. Key Market Trends

17.3. Pricing Analysis

17.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

17.4.2. By Technology

17.4.3. By Grade

17.5. Market Attractiveness Analysis

17.5.1. By Country

17.5.2. By Technology

17.5.3. By Grade

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country South Africa Nigeria Egypt Rest of Africa

18.4.2. By Technology

18.4.3. By Grade

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Technology

18.5.3. By Grade

19.1. Tier Structure Breakdown

19.2. Market Share Analysis

19.3. Type Capacity Analysis

19.4. Company Footprint Analysis

19.4.1. Product Footprint of Players

19.4.2. Regional Footprint of Players

19.4.3. Channel Footprint of Players

19.5. Brand Preference Analysis

19.6. Competition Dashboard

20.1. Benjamin Moore & Co.

20.1.1. Company Overview

20.1.2. Product & Financial Portfolio

20.1.3. Manufacturing Facilities

20.1.4. Recent Developments

20.1.5. SWOT Analysis

20.1.6. Strategy Overview

20.2. Johnson Paints

20.3. Indra Glowtech Private Limited

20.4. Rust-Oleum Corporation

20.5. Allureglow USA

20.6. Glow Inc.

20.7. Protech Powder Coating

20.8. GloNation LLC

20.9. CS Coatings, Inc.

20.10. Jann’s Netcraft

20.11. The Glow Company

20.12. Jolin Corporation