Road marking materials market is expected to reach US$ 8.34 Bn. in 2027 from US$ 6.31 Bn. in 2021 at CAGR of 4.75 % during the forecast period.
The market for road marking materials is expected to expand significantly during the forecast period. The road marking materials market is divided into three sections: product, application, and region. The market is further subdivided based on product into paint-based materials, epoxy-based, polyurethane, water base, solvent-based, performance-based, Thermoplastics, and cold Plastics. Furthermore, the market is divided into road marking, factory marking, car park marking, antiskid marking, and airport marking. The market is further subdivided geographically into North America, Europe, Asia-Pacific, and other regions.
Road marking materials Market Report Scope and Research Methodology:
The study examines the most important Road marking materials market trends and how they will affect new business investments and industry development. Market trends influence new technology, new rules, government investment, new uses, foreign entry, and other industry dynamics. This research includes a detailed trend analysis to help clients make decisions about expanding their presence in the Road marking materials market.
The Road marking materials Market Research offers unique key statistics, facts, information, trends, and competitive landscape insights in the specific field. The current state of the Road marking materials market is examined, and the market is projected through 2029. The study is likely to include company profiles, capacity, production, price, cost, revenue, and contact information for the leading manufacturers of Road marking materials market share.
Road marking materials Market overview:
According to market research, the total Road marking materials Market is expected to grow rapidly. The report covers the Road marking materials market's growth drivers, major restraints, upcoming challenges, and current opportunities. The report includes a region- and segment-specific analysis of the dynamics and Road marking materials market size.
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Road marking materials Market Key Players include:
The Sherwin-Williams Company (US)
Ennis-Flint, Inc. (US)
SWARCO AG (Austria)
Geveko Markings (Denmark)
SealMaster (US)
Nippon Paint Holdings Co. Ltd. (Japan)
Hempel (The Netherlands)
PPG Industries Inc. (U.S.)
Asian Paints Ltd. (India)
LANINO (South Africa)
Reda National Co. (Saudi Arabia)
TATU Traffic Group (China)
Zhejiang Brother Guidepost Paint Co. Ltd. (China)
Helios Group (Slovenia)
3M (US)
Road marking materials Market Dynamics:
Over the last few years, the road marking materials market has shown good growth potential and has grown steadily. Road marking materials are used to guide and inform pedestrians and drivers by communicating with them through lines and symbols. The general principle behind providing information and guidance is to avoid confusion and thus maintain an appropriate level of safety on the roads and sidewalks. The road marking materials market is expected to grow from USD 6.31 billion in 2021 to USD 8.34 billion in 2027. All of this development and growth in the global road marking materials market can be attributed to governments around the world focusing on safety and infrastructure.
Road marking materials Market Segmentation:
It is further divided into paint-based materials, epoxy-based materials, polyurethane, water base, solvent-based materials, performance-based materials, Thermoplastics, and cold plastics. Water-based paints dominate the road marking materials market due to their eco-friendliness and product longevity after application to roads. Furthermore, water-based paints promote energy conservation and sustainability, which appeals to many government agencies, allowing it to become the market segment with the largest market share.
The road marking and materials market is divided into four applications: road marking, factory marking, car park marking, antiskid marking, and airport marking. The road marking segment is expected to have the largest market share due to the sheer number of roads and highways being built, which outnumbers all other application segments such as factories, car parking, anti-skid marking, and airport marking. Reflective coatings are in high demand on roads and highways. Furthermore, there is a significant demand for water-proof coatings for airports, malls, shopping centers, and housing societies, which is expected to drive market growth.
Road marking materials Market Regional Insights:
The report includes a detailed analysis of all the regions and their countries mentioned below:
Key Questions answered in the Road marking materials Market Report are:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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Road marking materials Market , Europe Outpatient Surgical Procedures Market
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 23, 2023