Transparent acrylic neon colors are the fastest growing segment...

Transparent acrylic neon colors are the fastest growing segment fueling the growth of Neon Paint Market

Posted 2023-11-20 06:40:12

Market Overview:
Neon paints are available in bright fluorescent colors like Neon Yellow, Neon Pink, Neon Green, Neon Orange, etc. These paints glow brightly under UV or black lights. They are used to create eye-catching, vibrant designs and artistic work on various surfaces like clothes, walls, posters, signs etc. Neon paints have high luminescent properties and help objects to stand out even in dim light conditions.

Market key trends:
One of the key trends in the neon paint market is the rising demand for transparent acrylic neon colors. Transparent acrylic neon paints allow underlying colors or images to shine through when a neon effect is added. They are available in bottles with mixing chambers for blending neon colors. These paints can be used on diverse surfaces like wood, metal, glass, and more. They are favored for applications like backdrop designs, clothing, signages where translucent neon effects are required. Their ease of use and versatility is driving higher sales of transparent acrylic neon paints globally. Some other trends include growing popularity of neon body art and increasing use of neon pigments in luxury goods manufacturing.
Segment Analysis
The global neon paint market is segmented into acrylic, enamel, metallic, and others. The acrylic segment dominates the market and accounts for around 35% share due to its fast drying properties and solvent resistance. Acrylic paint is easy to apply and resists water damage. Enamel paint follows the acrylic segment and holds around 25% share owing to high glossiness and durability against fading and scratching.

Key Takeaways
The global Neon Paint Market Demand is expected to witness high growth, exhibiting a CAGR of 7.9% over the forecast period, due to increasing demand from commercial industries for luminescent artwork and custom signage.

Regional analysis
North America dominates the global market with a share of over 30%, followed by Europe and Asia Pacific. The increasing trend of custom artwork and commercialization of neon signs is driving the market in North America. High disposable income in the US and Canada is further fueling market growth.

Key players
Key players operating in the neon paint market are Montana Colors, Liquitex, DecoArt, Inc., Posca (Mitsubishi Pencil Co., Ltd.), Rust-Oleum Corporation, PEBEO, Kobra Paint, Angelus Brand, Createx Colors, Jacquard Products, Molotow, MTN Colors, Neon Nights, Krylon (Sherwin-Williams Company), Artool. Montana Colors is a leading player due to wide product portfolio and distribution network across North America. Liquitex is also a major player known for water-based acrylic paints.