The global traffic road marking coatings market size is likely to reach USD 6.30 billion by 2025 at
a CAGR of 5.0%, according to a new report by Grand View Research, Inc.
Technological advancement is an important factor for market growth as countries
are becoming more concerned about public health and safety. Growing environmental
concerns are driving the need for greener products in a bid to promote a
healthy environment.
Paints are regarded as a
major source of harmful VOC emissions. This has resulted in the development of
thermoplastic coatings and other eco-friendly alternatives. Rising cases of
road fatalities is another primary concern, which is forcing regional
governments to invest in technological development to ensure highway safety and
maintenance. There is a need for technological development to deal with such
issues efficiently and improve the global economic condition as well.
Manufacturers are taking
initiatives to develop innovative marking systems and temperature-sensitive
paints, which, in turn, is boosting the market growth. Various initiatives to
improve road safety and maintenance and prevent accidents are expected to
influence the overall market positively. Key manufacturers in this market
include Automark Technologies Sherwin-Williams Company, Geveko Markings,
Ennis-Flint, Crown Technologies, and Swarco AG.
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click the link below:
https://www.grandviewresearch.com/industry-analysis/traffic-road-marking-coatings-market
https://www.grandviewresearch.com/industry-analysis/traffic-road-marking-coatings-market
Further key findings from the study suggest:
· Thermoplastic coatings emerged as the
fastest-growing product segment over the forecast period
· Thermoplastic markings are applied in a
thick/built up layer to create rumble strips. This coating sets quickly and
will adhere strongly to the surface
· In terms of volume, paint was the largest
segment in 2018 with a market share of around 44.30% and is likely to maintain
the dominance in future
· Asia Pacific is expected to emerge as the
fastest-growing regional market during the forecast years
· In North America, the Government has rolled
out initiatives to enhance road infrastructure and encourage the development of
durable, high-performance products with enhanced visibility and skid resistance
Grand View Research has
segmented the global traffic road marking coatings market on the basis of
product and region:
Traffic Road Marking Coatings Product Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Paint
·
Thermoplastic
·
Preformed Polymer Tape
·
Epoxy
Traffic Road Marking Coatings Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
