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Traffic Road Marking Coatings Market Size, Share Global Analysis Report, 2022 – 2028
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
Industry Insights
[230+ Pages Report] 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.
Market Overview
Traffic lane coatings are materials that are used to mark roads and curbs in order to improve traffic flow and public safety. Motorway users are guided by road signs that control, direct and provide warnings and information. Highway lane markings, edge line-markings, zebra crossing painting, centerline painting, and car park structures are just a few of the applications for traffic road marking coatings. For lane coloring, a number of materials are utilized, including paints, thermoplastics, and epoxy, among others. 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.
The increased spending of government bodies in various countries on the development of new roads and highways would give significant potential opportunities for the road marking coatings market throughout the anticipated timeframe. Additionally, the development of Eco-friendly Road Marking Solutions is expected to boost the market. VOC Emissions are governed by strict regulations. It's possible that this will stifle the market's expansion. 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.
Impact of COVID – 19
The COVID-19 pandemic's influence on a variety of end-user sectors has been thoroughly researched. Due to the suspension of operational and manufacturing activity, which was sensitive to the economic cycle, the building industry, for example, saw a sharp decline in demand. COVID-19 exacerbated the economic crisis, which was already exacerbated by a lack of liquidity in the financial sector. Several projects have been left unfinished at various stages because of the sudden and rigorous lockdown imposed by various governments. The absence of labor services resulted in a major decline in demand for traffic road marking coatings in 2020. Since 2021, however, the market has been progressively rebounding.
The complete research study looks at both the qualitative and quantitative aspects of the traffic road marking coatings market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.
Segmentation Analysis
The global Traffic Road Marking Coatings Market is segregated based on product outlook, type outlook, and application outlook.
By type, the market for traffic road marking coatings is segmented into permanent and removable traffic road marking coatings. Permanent traffic road marking applications include pavement tapes and paints. Aerosol permanent paints are often used for traffic line marking. They have a high percentage of solid and resin, which aids in surface durability and resistance to water, weather, and abrasion. Aerosol paints exist in a variety of colors, although white and yellow are the most prevalent on crosswalks, streets, highways, airport runways, and parking lots, to name a few. These paints have a longer life expectancy than ordinary paints.
By Application, the market is segmented into Road Marking Lines and Road Marking Labels. Road marking lines were the most profitable application segment in terms of revenue in 2021. Road marking lines are commonly used to guide vehicles on the road. For safe and smooth road travel, the marking delineates the driving lane and offers lateral clearance from traffic dangers. It can also be used to provide road users with information, control traffic, and provide warnings. Road marking labels are predicted to be the fastest-growing application category due to their wide application for roads, public highways, and on-site applications.
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 |
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Regional Landscape
During the projected period, Asia Pacific is expected to grow at the fastest rate. Due to increased infrastructure spending and the expansion of roads, parking lots, and other amenities, China's demand for road marking materials is predicted to grow at a moderate rate. There has been an upsurge in demand for road marking materials to ensure lane driving due to rising concerns about road traffic safety. Furthermore, the Chinese government has been providing substantial help to satisfy the country's growing transportation needs. The United States dominates the North American market due to increased demand for intelligent street marking systems and equipment in the region, whilst Germany dominates the European market due to increased government expenditure on road infrastructure in the region.
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
- Permanent
- Removable
By Application Outlook
- Road Marking Lines
- Road Marking Labels
By Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- 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
Table of Content
Industry Major Market Players
- AutoMark Technologies (India) Pvt. Ltd.
- Sherwin-Williams Company
- Geveko Markings
- Ennis Flint Inc.
- Crown Techno
- Dow Inc.
- 3M Company
- Swarco
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