- In February 2023, the American Society for Testing and Materials (ASTM) introduced the ASTM D7038-23 standard for road marking materials. This updated standard provides comprehensive guidelines on various applications that utilize road marking materials. It aims to enhance consistency, quality, and performance in road markings across different regions. The standard is expected to improve industry practices and ensure better safety on roads
- In January 2023, the Chinese government issued the GB/T 5289-2022 standard for road marking materials. This regulation establishes guidelines on the production, testing, and application of road marking materials within China. It aims to improve quality control and standardization in the industry while ensuring compliance with safety regulations. The introduction of this standard is expected to enhance the performance and durability of road markings in the country
- In October 2022, Ingevity Corporation successfully completed the acquisition of Ozark Materials in a deal worth USD 325 million, paid entirely in cash. This acquisition is expected to strengthen Ingevity’s position in the road marking materials market. The transaction is anticipated to immediately contribute to Ingevity’s earnings per share. Ozark Materials’ integration into Ingevity’s Performance Chemicals segment will help expand its product offerings and market reach
- In January 2022, Geveko Markings acquired and merged operations with Oré Peinture, a French manufacturer of road marking paints and safety materials. This strategic move enabled Geveko to expand its presence in the French market while increasing its overall production capacity. The acquisition has enhanced the company’s ability to serve a broader customer base with high-quality road marking solutions. It also supports Geveko’s long-term growth strategy in Europe
- In October 2021, Australia-based Swarco completed the acquisition of Hitex, a leading road marking company in Cheshire, U.K. This acquisition was aimed at expanding Hitex’s market presence and strengthening Swarco’s footprint in the U.K. road marking materials industry. By leveraging Hitex’s expertise and established customer base, Swarco seeks to enhance its product offerings and increase its market share. The deal aligns with Swarco’s strategic goal of expanding its global operations
