North America Traffic Road Marking Coatings Market, By Product (Paints, Preformed Polymer Tapes, Thermoplastics, Epoxy, Field-Reacted Systems and Permanent Markers), Type (Permanent and Removable), Type of Marking (Flat Marking and Extruded Marking), Application (Road Marking Lines and Road Marking Labels), End Use (Roads and Highways, Parking Lots, Airport, Factory, Anti-Skid, Sports Field and Others), North America (U.S., Canada, Mexico), Market Trends and Forecast to 2028
Market Analysis and Insights: North America Traffic Road Marking Coatings Market
Traffic road marking coatings market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.8% in the forecast period of 2021 to 2028 and expected to reach USD 1,170,574.92 million by 2028.
Road marking refers to applying paints or materials to roadways, pavements, concrete, or asphalt to transmit information to vehicles and pedestrians. This can be done by skilled experts using non-mechanical road marking equipment or by utilizing road marking machines. Based on the country, location, and purpose, road markings include a uniform system of lines, colors, and markers to transmit directions, lanes, zones, speed limits, parking, stopping, and safety.
Intelligent roadway marking systems and equipment help to record the speed of the driver, driving conditions, and temperature along with sending information to the vehicle's sensor system. Hence, traffic paints are widely used for travel lane, loading zone, and parking space markings. Also, thermoplastic coating is gaining benefit for the properties of longevity and retro-reflectivity, owing to the growth of the worldwide traffic road marking coatings market.
This Traffic road marking coatings market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Traffic Road Marking Coatings Market Scope and Market Size
North America Traffic road marking coatings market is segmented of the categorized into product, type, type of marking, application, and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the traffic road marking coatings market is segmented into paints, preformed polymer tapes, thermoplastics, epoxy, field-reacted systems, and permanent markers. Paints are further segmented into solvent based and water based paints. Solvent based is further segmented into paints, by component into two component and three component. In North America, the demand for the permanent marker segment is increasing as these products provide more durability and visibility during night times.
- On the basis of type, the traffic road marking coatings market is segmented into permanent and removable. In North America, permanent type is expected to dominate the market as the products are used to provide road signs and signals used to provide visual guidance to all the drivers on the road.
- On the basis of type of marking, the traffic road marking coatings market is segmented into flat marking and extruded marking. Flat marking is further segmented into day vision application and night vision application. Extruded marking is further segmented into day vision application and night vision application. . In North America, extruded type of marking segment is expected to dominate the market due to increased demand for more thicknesses based on road marking products in the region.
- On the basis of application, the traffic road marking coatings market is segmented into road marking lines and road marking labels. Road marking lines are further segmented into paints, preformed polymer tapes, thermoplastics, epoxy, field-reacted systems and permanent markers. Road marking labels are further segmented into paints, preformed polymer tapes, thermoplastics, epoxy, and permanent markers. . In North America, road marking line segment is expected to dominate the market due to the increased demand for these marking lines in the construction of office buildings in the region.
- On the basis of end-use, the traffic road marking coatings market is segmented into roads & highways, parking lots, airports, factory, antiskid, sports fields, and others. In North America, road and highways are expected to dominate the market due to increased night safety driving concerns in the region.
Traffic road marking coatings Market Country Level Analysis
North America market is analysed and market size information is provided by country, product, type, type of marking, application and end use.
The countries covered in North America traffic road marking coatings market report are U.S., Canada and Mexico.
North America Traffic road marking coatings market is dominating the market due to increasing demand for glass bead composite paints for reflective roads in the region.
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 new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growths in the Traffic Road Marking Coatings Industry
North America Traffic road marking coatings market also provides you with detailed market analysis for every country growth in installed base of different kind of products for traffic road marking coatings market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the Traffic road marking coatings market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Traffic Road Marking Coatings Market Share Analysis
North America Traffic road marking coatings 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, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Asia-Pacific Traffic road marking coatings market.
The major players covered in the report are Aexcel Corporation, Integrated Traffic Systems, Dow, Crown Technology, LLC, The Sherwin-Williams Company, 3M, SWARCO, Arkema , Hempel A/S , SAKAI CHEMICAL INDUSTRY CO.,LTD. , Teknos Group, Nippon Paint Holdings Co., Ltd., Visever SL , PPG Industries, Inc. , ALLNEX GMBH , Geveko Markings among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In February, 2021, 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.
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