Global Traffic Road Marking Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Traffic Road Marking Coatings Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.

The Traffic Road Marking Coatings Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global traffic road marking coatings market report has been segmented on the basis of type, application, and region.

Traffic Road Marking Coatings Market Overview:

“The Traffic Road Marking Coatings Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Traffic road marking coating plays a vital role in maintaining road safety, particularly in four and six-lane roadways. The coating helps to ensure smooth flow of traffic, and thereby reduces the number of road accidents.

The coating material is UV resistant, easy-to-apply, non-toxic, corrosion-resistant, and environment-friendly.

Apart from traffic direction, traffic road marking coatings further act as a tool for controlling, warning, and providing information to drivers related to road direction and speed limits.

Various types of road marking coatings available in the market include paint, preformed polymer tape, thermoplastic, and epoxy.

Major driving factors for the growth of the global traffic road marking coatings market include increasing road accident incidences and increasing traffic congestion.

Growing demand to manage traffic flow, and improved road infrastructure, especially in emerging economies is expected to drive the growth of the global traffic road marking coatings market in the near future.

Increasing government initiatives for the development of safe roadways also supports the market growth positively. Additional factors driving the growth of the market include increasing roadway construction, and maintenance of existing roadway infrastructure.

Although the traffic road marking coatings market revenue is expanding at a significant rate, there are few factors expected to hinder the growth of the market, globally.

The scarcity of raw materials is a major restraint on the growth of the market, globally. In addition, the unavailability of resins employed as a binder in cold plastics and thermoplastics road marking material and titanium dioxide which is utilized to blanch road marking have a major impact on all stakeholders.

These stakeholders include material manufacturers, central government agencies, road marking contractors, term maintenance contractors, and agents, actual road users, or local authority clients.

The development of established organizations in developing countries and the increasing adoption of environment-friendly and organic road marking materials are expected to provide various growth opportunities for the major market players in the near future.

Asia Pacific market is estimated to account for a major share in terms of revenue in the global traffic road marking coatings market, owing to its increasing roadways infrastructure development and maintenance activity of the existing roadways.

The adoption rate of traffic road marking coatings is projected to grow at the fastest rate in the market in the Asia Pacific. Demand for traffic road marking coatings is estimated to upsurge in emerging economies such as China and India in the next ten years.

Traffic Road Marking Coatings Market Segmentation:

Segmentation by type:

• Paint-based marking
  • Solvent-based paints
  • Water-based paints
  • Epoxy-based paints
  • Polyurethane-based paints
• Performance-based marking
  • Thermoplastics
  • Cold plastics

Segmentation by application:

• Road marking
• Car park marking
• Factory marking
• Airport marking
• Anti-skid marking

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa