Daylight Fluorescents is Expected to Dominate the Global Fluorescent Paint Market

The growing demand for safety equipment and commercial buildings is driving the growth of the fluorescent paint market. Fluorescent paints are used on safety equipment and commercial buildings to make them more visible and to attract attention.

According to TechSci Research report, “Global Fluorescent Paint Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. Global Fluorescent Paint is anticipated to project robust growth in the forecast period with a CAGR of  7.3% through 2028. Fluorescent paint is a type of paint that contains Fluorescent Pigments. These pigments are designed to absorb ultraviolet (UV) light and re-emit it in the form of visible light. This makes the painted surface appear to glow when exposed to UV light. Fluorescent paints are used in a variety of applications, including safety equipment, commercial buildings, road line markings, and facilities. These pigments are usually made from organic compounds, such as dyes or plastics. Increasing demand from the automotive and construction industries for high-quality, durable paints that can improve the appearance of products. Rising awareness about the benefits of fluorescent paints, which include superior brightness, visibility, and safety features.

Growing popularity of DIY projects and home improvement initiatives among consumers. The proliferation of online retail platforms offers a wide range of fluorescent paint colors and finishes to choose from. Development of innovative new applications for fluorescent paint such as in traffic signage, safety clothing, and markings.

Based on application, The facilities application segment accounted for the largest revenue share of over 40% in 2017. The segment is projected to witness significant growth during the forecast period, owing to its rising applications in the manufacturing and construction industries. In addition, growing government initiatives on energy saving and increasing green buildings are also expected to boost industry growth over the forecast period.

Based on Type, Inorganic fluorescent paint is a special type of paint, which contains inorganic substances such as titanium dioxide and iron oxide. These materials fluoresce under ultraviolet light. The paints are applied on different surfaces including glass, plastic, metal, or wood, and can be seen under black light. In the daytime, the paints look like regular paint but at night they start to glow with an intense greenish-yellow color due to the presence of high content of Fluorescent Materials (FMs).

Browse over xx market data Figures spread through 182 Pages and an in-depth TOC on " Global Fluorescent Paint Market.”

Recent Investments in the Global Fluorescent Paint Market are following:-

• In 2022, AkzoNobel announced that it would invest EUR 100 million in a new research and development center in Amsterdam, Netherlands. The center will focus on developing new sustainable paints and coatings technologies.
• In 2022, PPG Industries announced that it would invest USD 100 million in a new manufacturing plant in China. The plant will produce water-borne paints and coatings for the Chinese market.
• In 2022, Sherwin-Williams announced that it would invest USD 50 million in a new research and development center in the United States. The center will focus on developing new high-performance paints and coatings.
• In October 2022, Asian Paints Ltd. Announced the plan on constructing a facility in India to produce vinyl acetate monomer and vinyl acetate-ethylene emulsion, which are used to make paints and coatings. This facility will be capable of producing 150,000 tonnes per year of VAE and 100,000 tonnes per year of VAM.
• In June 2022: Akzo Nobel NV company announced the expansion of its manufacturing capacity in Shanghai, China, thereby boosting its ability to produce water-based texture paints of Dulux products used in interior design, architecture, and leisure. It measures 2,500 square metres in size.
• Akzo Nobel NV made an internal polymer production investment in February 2022. These resins are essential components in the creation of coatings. This will assist the company's innovation pipeline, sustainability goals, and sustainable business growth.
• Many luxury apartments and residential complexes are under construction in Japan. For instance, Mitsubishi State is building the tallest skyscraper in Japan, which will house 50 luxurious apartments that will each bring in USD 43,000 per month in rent. The project is being built near the Tokyo station and is expected to reach completion by 2027.

Key market players in the Global Fluorescent Paint Market are following:-

• GLOWTEC LTD
• Radiant Color N.V.
• Vicome Corp.
• Glow Paint Industries
• Ronan Paints
• Aron Universal Limited
• Brilliant Group, Inc.
• Krylon Products Group
• DayGlo Color Corp
•  LuminoChem

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“.One of the primary drivers of the Fluorescent Paint market is the ongoing construction boom and infrastructure development in both emerging and developed economies. The demand for architectural paints, including interior and exterior coatings, primers, and wood finishes, has surged in residential, commercial, and institutional buildings. This is attributed to urbanization, population growth, and increased investment in construction projects. Developing countries are witnessing rapid urbanization, leading to a surge in residential and commercial construction, while developed nations are renovating and upgrading existing infrastructure.

The industrial sector is another significant driver of the paints market. Industries such as manufacturing, aerospace, automotive, and marine rely on industrial coatings to protect their equipment and structures from corrosion, wear and tear, and harsh environmental conditions. As global industrialization continues, there is a continuous need for protective coatings, specialty coatings, and high-performance coatings to ensure the longevity and performance of industrial assets ”  said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

Fluorescent Paint Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Inorganic Fluorescents, Optical Whiteners, Daylight Fluorescents), By Application (Safety Equipment, Commercial Buildings, Road Line Markings, Facilities, Others), By Region, By Competition, 2018-2028 has evaluated the future growth potential of Global Fluorescent Paint Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Fluorescent Paint Market.

Contact

Mr. Ken Mathews         

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656                                                     

Email: [email protected]               

Website: www.techsciresearch.com