Global Luminous Paints Market Overview:
Luminous Paint is a Paint That Exhibits Luminescence. It Glows in the Dark because it contains A Fluorescent, Phosphorescent, or Radioactive Material That Emits Light for a Certain Length of Time after Exposure to an Energy Source, Such as Ultraviolet Radiation. In Luminous Paints, Paints with Fluorescent Materials Produce Light Instantly While in the Case of Paints with Phosphorescent Materials, There is a Delay between Them Absorbing Energy and Giving out Light
Growth Drivers
- Rise in the Construction Industry Utilising Luminous Paints for Mines, Airports, Highways, Tunnels, Evacuation Routes, Emergency Panels, Parking Lots, & Areas without Lighting Where Signage is Required
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- Rapid Growth in the Electronics Industry Using Luminous Paints for Different Electronics Gadgets like Watches, Clock Dials, Air Conditioners, & Home Appliances Owing to Characteristics like High Resistance to Dust, Oil, Water, & Corrosion
Roadblocks
- Strict Regulatory Measures Linked with the Usage of the Radioluminescent Paints Owing to Health Safety Concerns
Opportunities
- There is an Increased Opportunity for the Usage of the Luminous Paints in Plastics Industry for Manufacturing Products like Toys, Sports Equipment, Stickers, & Plastic Paints
- Technological Progressions such as Luminous Paint with Longer Life Open Up Prospects for the Increased Usage in Military & Defence Industry for Manufacturing Products to be Used in Low Light Army Locations
Challenges
- The Shorter Shelf Life of the Luminous Paints may pose a Challenge for the Market Expansion
Competitive Landscape:
The Market For The Luminous Paints Is Fragmented With The Presence Of Many Global As Well As Regional Players. Leading Players Can Adopt Strategies Like A Merger, Acquisition, Expansion, New Product Launches, In Order To Gain Share Within The Market. Owing To Booming Construction Industry, There Are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are Rosco Laboratories, Inc. (United States), Noxton World (Ukraine), Puffdino Trade Co., Ltd. (Taiwan), Darkside Scientific, Inc. (United States), ADS Group Limited (United Kingdom), The Day-Glo Color Corp. (United States), Wildfire Lighting (United States), Allureglow USA (United States), Nemoto & Co.,Ltd. (Japan) and Jinan Realglow Luminous Technology Co., Ltd (China). Additionally, following companies can also be profiled that are part of our coverage like Carbit Paint Company (United States), Indra Technologies (India), Glowtec Ltd (United Kingdom), Lumilor Paint (India), Linhai Berocks Paint Co. Ltd (China) and Montana Colors S.L. (Spain). Analyst at AMA Research see United States and Asian Vendors to retain maximum share of Global Luminous Paints market by 2026. Considering Market by Form, the sub-segment i.e. Spray will boost the Luminous Paints market. Considering Market by Packaging, the sub-segment i.e. Bottle will boost the Luminous Paints market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Luminous Paints market. Considering Market by Paint Base, the sub-segment i.e. Water will boost the Luminous Paints market.
What Can be Explored with the Luminous Paints Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Luminous Paints Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Luminous Paints
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Luminous Paints market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Luminous Paints market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Luminous Paints, Distributors, Traders, & Suppliers, Importers & Exporters, Investors, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.