Global Road Marking Materials Market, By Type (Thermoplastic Marking Paint, Water-based Marking Paint, Solvent Based Marking Paint, Road Marking Paint, Epoxy based, Polyurethane), Application (Road and Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, Antiskid Marking and Others) and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Road Marking Materials Market
The road marking materials market is expected to witness market growth at a rate of 5.88% in the forecast period of 2021 to 2028. Data Bridge Market Research report on road marking materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for water-based paints is escalating the growth of road marking materials market.
Road marking materials can be referred to utilize on the roadways and pathways to communicate and guidance information to drivers and pedestrians. Uniformity in the markings is standardized to prevent driveway confusion and improve the road safety. Additionally, the technological advancements like marking longevity, retro reflectivity and low installation expense are implemented to improve the scope of market potential for road marking materials.
Major factors that are expected to boost the growth of the road marking materials market in the forecast period are the rise in the expenditure on the safer roads. Furthermore, the current infrastructure and the roadway projects in the advancing countries is further anticipated to propel the growth of the road marking materials market. Moreover, the safer roads positively influence the GDP which is further estimated to cushion the growth of the road marking materials market. On the other hand, the cautious approach of road contractors is further projected to impede the growth of the road marking materials market in the timeline period.
In addition, the rise in the importance of road markings in the lane departure warning systems (LDWS) and the smart and autonomous mobility will further provide potential opportunities for the growth of the road marking materials market in the coming years. However, the strict regulatory guidelines over the solvent-based road markings might further challenge the growth of the road marking materials market in the near future.
This road marking materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on road marking materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Road Marking Materials Market Scope and Market Size
The road marking materials market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the road marking materials market is segmented into thermoplastic marking paint, water-based marking paint, solvent based marking paint, road marking paint, epoxy based, polyurethane.
- On the basis of application, the road marking materials market is segmented into road and highway marking, parking lot marking, factory marking, airport marking, antiskid marking and others.
Road Marking Materials Market Country Level Analysis
The road marking materials market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the road marking materials market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the road marking materials market due to the rise in the need for safer roads. Furthermore, the increase in the investments in the civil construction sector that support the utilization of road marking materials will further boost the growth of the road marking materials market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Road Marking Materials Market Share Analysis
The road marking materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to road marking materials market.
The major players covered in the road marking materials market report are The Sherwin Williams Company, Geveko Marking, AXIMUM, KELLY BROS., SWARCO, Ozark Materials, LLC., Ennis Flint, Roadmarking Association of Australia, Evonik Industries AG, Automack Technologies, Crunchbase Inc., SealMaster®, Geveko Markings, 3M, Nippon Paint (India) Company Limited., PPG Industries, Inc., Reda National Co. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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