27-Jul-2022 | Facts and Factors
According to Facts and Factors, the global traffic road marking coatings market size was valued at USD 4.4 billion in 2021 and is predicted to increase at a CAGR of 5.5% to USD 6 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Coatings for traffic road markings are critical for preserving road safety, especially on four- and six-lane roads. These coatings aid in the smooth flow of traffic, lowering the number of accidents on the road. Easy-to-apply road marking coatings are UV resistant, non-toxic, environmentally friendly, and corrosion-resistant. Aside from providing traffic advice, traffic road marking coatings can also be used to warn, manage, and inform drivers. There are several types of traffic road marking coatings on the market. Intelligent roadway marking systems and equipment that help record drivers' speed, driving conditions, and temperature while communicating information to the vehicle's sensor system have seen increased market investment. Travel lanes, loading zones, and parking spaces are all marked with paint. Because of its qualities such as permanence and retro-reflectivity, thermoplastic coating, also known as hot melt marking, is gaining popularity.
Browse the full “Traffic Road Marking Coatings Market Size, Share, Growth Analysis Report By Product (Paint, Thermoplastic, Preformed Polymer Tape, Epoxy), By Type (Permanent, Removable), By Application (Road Marking Lines, Road Marking Labels), and By Region - Global Industry Insights, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/traffic-road-marking-coatings-market
Paint emits a large amount of volatile organic compounds (VOCs). Both the environment and biological creatures are very vulnerable to VOCs. Certain VOCs are carcinogenic by nature and can even cause cancer in animals. Furthermore, VOCs such as styrene and limonene can react with nitrogen oxides, resulting in secondary aerosol generation. They also contribute to the development of ozone and smog in the troposphere. Market growth is projected to be limited by stringent rules set by government agencies and organizations to control VOC emissions.
Segmental Overview
The traffic road marking coatings market is divided into permanent and removable traffic road marking coatings based on type. Pavement tapes and paints are examples of permanent traffic road marking applications. For traffic line marking, aerosol permanent paints are commonly employed. They have a high amount of solid and resin content, which helps with exterior durability and resistance to water, weather, and abrasion. Aerosol paints come in a number of hues, but white and yellow are commonly used in crosswalks, streets, highways, airport runways, and parking lots, among other places. In comparison to traditional paints, these paints have a longer lifespan.
In terms of revenue, road marking lines ranked as the most lucrative application segment in 2021. The usage of road marking lines to guide vehicles on the road is common. The marking delineates the driving path and provides lateral clearance from traffic hazards for safe and smooth road travel. It can also be used to provide information, control traffic, and issue warnings to road users. Because of their wide application for roads, public highways, and on-site applications, road marking labels are expected to be the fastest-growing application category.
Regional Overview
The road marking coatings market is dominated by the Asia Pacific, with China, Japan, South Korea, and India emerging as the fastest developing countries for road marking coatings. The Asia Pacific is expected to remain the largest and fastest-growing market during the projection period, owing to increased technical breakthroughs and infrastructure development. Europe and North America, as mature economies focusing on road expansion, are also experiencing tremendous growth.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 4.4 Billion |
Projected Market Size in 2028 |
USD 6 Billion |
CAGR Growth Rate |
5.5% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
AutoMark Technologies (India) Pvt. Ltd., Sherwin-Williams Company, Geveko Markings, Ennis Flint, Inc., Crown Techno, Dow Inc., 3M Company, Swarco, and Others |
Key Segment |
By Product, Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Competitive Landscape
The report contains qualitative and quantitative research on the global traffic road marking coatings market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the major companies operating in the global traffic road marking coating market are AutoMark Technologies (India) Pvt. Ltd., Sherwin-Williams Company, Geveko Markings, Ennis Flint, Inc., Crown Techno, Dow Inc., 3M Company, Swarco, and others.
List of Key Players in the Global Traffic Road Marking Coatings Market:
- AutoMark Technologies (India) Pvt. Ltd.
- Sherwin-Williams Company
- Geveko Markings
- Ennis Flint, Inc.
- Crown Techno
- Dow Inc.
- 3M Company
- Swarco
The Global Traffic Road Marking Coating Market is segmented as follows:
By Product Outlook
- Paint
- Thermoplastic
- Preformed Polymer Tape
- Epoxy
By Type Outlook
By Application Outlook
- Road Marking Lines
- Road Marking Labels
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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