Road Marking Materials Market – Global Opportunities & Forecast, 2020-2027
This global study conducted by GMI Research provides an
overview of the existing market trends, drivers, restrictions, and metrics and
also offers a viewpoint for different segments. The market report tracks the
overall demand growth during the forecast period. A regional study of the market
is also carried out in North America, Asia-Pacific, Europe, and the Rest of the
World. The report indicates growth parameters in the regional markets, along
with leading players that are dominating the industry.
Competitive Landscape:
The leading organizations covered in the Road Marking
Materials Market are:
·
The Sherwin-Williams Company
·
SWARCO
·
SealMaster
·
3M
·
Ennis Flint, Inc.
·
Geveko Markings
·
Aximum
·
Crown Technology, LLC
·
Rembrandtin
·
Ozark Materials, LLC
Drivers of the Road Marking Materials Market:
The growing government initiatives for the safety on the
road, rapid urbanization, and the capability of such materials to decrease the
overall traffic on the road, ensuring the security of people are factors
driving the growth of the road marketing market.
Moreover, the rising technological advancements and the increasing applications
in the airport of road marking materials are certain factors surging the growth
of the market in the upcoming years. Furthermore, road marking materials offers
various advantages such as brightness, long life, technical superiority, and
ease to apply, which is leading to an upsurge in demand in the market.
The increase in GDP and its growing use in commercial and
industrial establishments, coupled with rising stress on the construction
activity, has led to boosting demand for the road marking materials market. The
increasing concerns for road safety due to the growing incidences of road crash
disabilities and mortalities are some propelling the growth of the road marking
materials in the market. On the other hand, the major factor hampering the
growth of the global road marking materials market includes the growing
preference of contractors for low-cost and basic products.
Based on the region, Asia-Pacific is expected to grow at a
higher CAGR during the forecast period due to the growing number of traffic
rule violations, increasing incidences of road accidents, and traffic
congestion. Furthermore, rapid industrialization and growing government
initiatives by implementing rigorous rules for road safety fuelled the market
demand.
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Key Benefits offered by the Road Marking Materials Market
report:
·
This study represents the analytical depiction
of the Road Marking Materials Market along with the ongoing trends and future
estimations to determine the imminent investment pockets.
·
The report provides detailed information related
to market drivers, restraints, and growth opportunities, followed by the
analysis of the Road Marking Materials Market share.
Segmentation of the Road Marking Materials Market:
The Road Marking Materials Market has been categorized into
the following segments:
Breakup by Type:
·
Performance-Based Markings
o
Thermoplastic
o
Cold Plastic
·
Paint-Based Markings
o
Solvent-Based
o
Water-Based
Breakup by Technology:
·
Acrylic-Based
·
Epoxy-Based
·
Polyurethane-Based
·
Others
Breakup by Application:
·
Airport Marking
·
Road & Highway Marking
·
Factory Marking
·
Antiskid Marking
·
Parking Lot Marking
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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