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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