Electroluminescent Paint Market is Poised to Witness Remarkable Growth Owing to Wide Industrial Application Capabilities of Electroluminescent Paints
According to a new report published by FAST.MR, titled, “Electroluminescent Paint Market” witnessed a market value of USD XXX billion in 2018 and is considered to surpass USD XXX billion by 2024, recording a compound annual growth rate (CAGR) of XX% between 2019 and 2024. The electroluminescent paint market is analysed based on regions, by application, by offering, and by distribution channel. The regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The research report also includes detailed competitive analysis of dominant market players in electroluminescent paint market, such as Lumilor, LitCoat and other major & niche players.
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Based on the application, the market has been classified into consumer electronics, automotive, municipal & architectural lighting, health & safety, aerospace, and others. In the type segment, the automotive segment contributed around XX% market share of the electroluminescent paint market in 2018. Electroluminescent paint can be painted onto nearly any surface; including wood, cement, drywall, plastic, vinyl, acrylic, metal and more. This ability of EL paint makes it adaptable among numerous industries out of which automotive industry is currently the leader in the electroluminescent paint market. EL paint provides functional lighting and aesthetic lighting to the vehicle and its components. Now, Electroluminescent paint is being used to paint automotive interior & exterior parts, motorcycles, aerospace, helmets, signage, and technical textiles.
Electroluminescent paint offering segment includes product and service sub-segments. The service segment is comprising of painting services and training services. The electroluminescent paint service segment was valued at USD XX million in 2018 and is expected to reach USD XX Million by 2024, progressing at a CAGR of XX% from 2019 to 2024. Apart from the offering, the market is also segmented by distribution channels. Based on the distribution channel, the market is categorized into online channels and offline channels. At present, the offline channel segment represents XX% of the total electroluminescent paint market.
Region-wise, the market has been segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. North America is the leader in the electroluminescent paint market. The North America region has acquired significant market shares and is poised to continue its dominance in the coming years. The competitive landscape of the market has been examined in the report. Some of the key players operating in the market include Lumilor, LitCoat, and other prominent players.
Research Scope and Deliverables:
- Research Methodology & Executive Summary
- Market Drivers, Trends, Barriers and Opportunities
- Market Size (USD Litre), Volume (Thousand Litre) and Forecast Projections
- Competitive Analysis
- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
- Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the electroluminescent paint market by the following segments:
- Distribution Channel
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the further breakdown of market data and analysis of region into countries is covered in the report.