Product Code: RP-ID-10347535 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10347535
Market Overview:
Global Traffic Road Marking Coatings Market Size study, by Product (Paint, Thermoplastic, Preformed Polymer Tape and Epoxy), Type (Permanent and Removable), Application (Road Marking Lines and Road Marking Labels) and Regional Forecasts 2020-2027
Global Traffic Road Marking Coatings Market is valued approximately USD 4.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2020-2027. Traffic road marking coatings are used on highways, zebra crossings, airport runways, parkings and other places to indicate people regarding safety and to instruct them at some places. Factors such as rising demand for public and private parking spaces, increasing number of road fatalities, introduction of temperature sensitive paints and increasing investments by the market players are expected to fuel the demand. For instance, in January 2019, Geveko Markings acquired Flexitherm Australia Pty. Ltd. to grow market share in the line of thermoplastic road markings and in 2020 they acquired Ole Peinture, a leading French road marking paint and safety material manufacturer. However, scarcity of raw materials impedes the growth of the market over the forecast period of 2020-2027. Also, increase in construction of car parkings due to construction of malls, supermarkets and hypermarkets is likely to increase the market growth during the forecast period.
Traffic Road Marking Coatings. Asia Pacific, North America, Europe, Latin America and Rest of the World are the regions taken into consideration for regional analysis of traffic road coatings market. Europe is the leading region across the world in terms of market share owing to safety measures, training and better surveillance on contractors. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as rising airport construction projects in the region, thus increasing the product’s demand to be used for coating airport runways, would create lucrative growth prospects for the Traffic Road Marking Coatings market across Asia-Pacific region.
Major market player included in this report are:
3M Company
Dow Chemical Company
Swarco AG
The Sherwin Williams Company
Geveko Markings
Ennis-Flint Inc.
Crown Technology, LLC
Vertex Safety Products Private Limited
K.M. Contractors Pvt. Ltd.
Automark Technologies (India) Pvt. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Paint
Thermoplastic
Preformed Polymer
Epoxy
By Type:
Permanent
Removable
By Application:
Road Marking Lines
Road Marking Labels
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Traffic Road Marking Coatings Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Dow Chemical Company
Swarco AG
The Sherwin Williams Company
Geveko Markings
Ennis-Flint Inc.
Crown Technology, LLC
Vertex Safety Products Private Limited
K.M. Contractors Pvt. Ltd.
Automark Technologies (India) Pvt. Ltd.
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