Road Marking Paints & Coatings Market – Business Opportunities and Global Forecast to 2032
The size of the global road marking paints and coatings market is anticipated to expand significantly from 2022 to 2032 at a CAGR of 3.5 percent. The market for road marking paints and coatings is expected to grow as people become more conscious of the need of driving safely.
According to FMI, the market for paints and coatings for road markings would likely reach US$ 11.6 billion in 2032 and US$ 8.1 billion in 2022. Road marking paints & coatings are used for marking road area, speed breakers, dividers, parking areas, and turning signs amongst others.
Road marking plays a crucial role in maintaining road safety and traffic control. This activity is enabled by the application of Road Marking Paints & Coatings by the road marking job companies. Road marking paints & coatings needs to be durable and strongly visible, therefore, abrasion resistant and strong weathering proof paints & and coatings are used for marking the road.
Road marking paints are coatings use optical brighteners or fluorescent pigments for providing brightening and fluorescent effect to the road markings. Road marking paints & coatings are generally polymer based and ceramic based coatings including, acrylic, epoxy gl****, and other materials.
Road marking paints and coatings can be cl****ified into water based, solvent based and other thermoplastic coatings. Gl**** beads are also used in the road marking purposes.
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Global Road marking paints & coatings Market Participants
Some of the market participants identified across the value chain of global road marking paints & coatings market are:
The Sherwin-Williams Company
3M
SWARCO AG
Geveko Markings
Ennis-Flint, Inc.
JotunCrown Technology, LLC
Sealmaster
Aximum
US Specialy Coatings
Rembrandtin Lack GmbH Nfg. Kg
Berger Paints
The global market research report presents a comprehensive ****essment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of ****umptions and methodologies.
Global road marking paints & coatings market segmentation
On the basis of material type, the global road marking paints & coatings market can be segmented as:
Acrylic
Epoxy
Thermoplastics
Other Resins
On the basis of Solvent, the global road marking paints & coatings market can be segmented as:
Water Based
Organic Solvent Based
Powder Based
On the basis of Applications, the global road marking paints & coatings market can be segmented as:
Highway road
Warehouse Floor
Landing strips
Park way
Car Parking
Ramps
Zebra Crossing
Others (Kerb Stones, Centre Line, Speed Humps, Edge Line)
Road marking paints & coatings Market: Regional Outlook
Large population and increasing infrastructure developments in India, China and other emerging countries in the world, is driving the global road marking paints & coatings market. Asia Pacific region led the global road marking paints & coatings market.
China and India are the fast growing countries in the global road marking paints & coatings market. Increasing demand from developing and emerging markets is boosting the demand for road marking paints & coatings.
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