Global Traffic Road Marking Coatings Market is expected to grow with the CAGR of 6.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global traffic road marking coatings market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global traffic road marking coatings market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In 2021 December, Geveko Markings acquired Oré Peinture, a major French maker of road marking paint and safety supplies. The purchase broadens Geveko's product portfolio and marks a turning point in the company's plan to increase its position in key markets and adjacent industries. The agreement was mainly undertaken to accelerate the global growth of the company.
- In 2019 July, Hitex International Group and L&R Roadlines collaborated with Nottingham City Council to install ‘Rainbow Crossings’ in Nottingham City Centre. The company took the opportunity to provide a symbol of diversity in the city and to highlight their position in the U.K..
Hempel A/S
Hempel A/S headquartered in Denmark, which was founded in 1915 as public ownership. The company is engaged in the manufacturing of coating solutions for the protective, decorative, marine, container, industrial, and yacht segment. The company have business segment which are marine, decorative, infrastructure, energy and out of which Infrastructure. The company have wide product oil & gas, infrastructure, marine, thermal power, wind, container, yacht, decorative out of which our focused product category is infrastructure. The company has wide global presence across the Americas, Asia-Pacific, Middle East and Africa, and Europe.
- In 2021 February, Hempel A/S acquired the leading paint and coatings manufacturers Wattyl Australia and New Zealand from The Sherwin-Williams Company, the world’s largest paint and coatings company and headquartered in the United States. The acquisition was made to strengthen the company’s footprint in Australia and New Zealand significantly..
Dow
Dow is headquartered in Michigan, U.S., and it was founded in year 1995 as public ownership. The company is engaged in manufacturing plastics, chemicals, and agricultural products.. The company have business segment which are packaging & specialty plastics, industrial intermediates & infrastructure, performance materials & coatings, corporate under which performance materials & coatings is our market focus category. The company offers wide range of product categories such as agricultural, feed and animal care, automotive and transportation, beauty and personal care, building, construction and infrastructure, chemical manufacturing and industrial, consumer goods, electronics, films and tapes, food and beverage, health and hygiene, home care and industrial cleaning, oil, gas & mining, packaging, paints, inks and coatings, power, water & telecommunication, pulp & paper, textiles, leathers and nonwovens under which Paints, Inks and Coatings is market focused category. The company has presence in Asia-Pacific, Europe, Middle East and Africa and Americas. Company subsidiaries are Dow Corning (U.S.), Rohm and Haas (U.S.), Dow Chemical Korea Ltd.(Korea), Poly Carb Inc.(U.S.), Mycogen Seeds (U.S.) among others.
- In 2021 February, Dow announced the launch of its DURATRACKTM 2K Technology for large-area markings, such as green bike lanes. Dow's green bike lane coatings combine the ease of use and sprayability of a waterborne solution with the performance and durability of a two-component solution. The product development was launched to provide safe multi-modal transportation solutions to the citizens of the economy.
Nippon Paint Holdings Co., Ltd.
Nippon Paint Holdings Co., Ltd. is headquartered in Osaka, Japan as private ownership. The company is engaged in manufacturing a large variety of paints products and services. The company have business segment, which are Paint and coating business and the paint peripheral business out of which paint and coating business is focused segment. The company has product category which are paint business, fine chemical business out of which paint business is market focused segment. The company has wide global presence in Asia-Pacific, Europe, Middle East and Africa and Americas.
- In 2021 January, Nippon Paint Holdings Co., Ltd. decided to launch a product name called FASTAR which is a self- producing and selling antifouling coating. The product was launched to meet the global warming problems and to contribute to the efficient and environmentally responsible shipping operations.
