Road Marking Materials Market Research Report: By Type (Thermoplastic Marking Paint, Waterbased Marking Paint, Solvent Based Marking Paint, Two-component (Cold Plastic) Road Marking Paint, Others), By Application (Roads & Streets, Parking Lot, Airport, Others) - Global Forecast 2027

ID: VPR/CR/1088 Publishing Year: January 2022 Pages: 103 Format:   


Road Marking Materials Market Overview:

The need for Road Marking Materials has risen as a result of rapid industrialization and increased production capacity. Because of its widespread use on highways, paint-based marking has seen significant expansion. Over the forecast period, increased demand for water-based paints is expected to push the Road Marking Materials Market. Thermoplastics and cold plastics are examples of performance-based marks. Thermoplastics are a popular choice for road markings. This will help to boost the Global Market for Road Marking Materials.

Road Marking Materials can be used as an alternative to standard oil paints for dividers, zebra markings, bumps, and other road markings. On roadways, berms, highways, curbs, driveways, walkways, parking lots, and airfields, Road Marking Materials give visual signs. Performance-based and paint-based marks are the two types that are commonly used. Road Marking Material is a popular product among government and private users due to its technological dominance, long life, brilliance, reflecting properties, and wide range of applications. The markings are standardised to increase road safety and prevent driveway confusion. Paint-based marking is divided into water-based, polyurethane-based paints, epoxy, and solvent-based paints. Performance-based marking is divided into cold plastics and thermoplastics. For road markings, there is a technique known as a road marking project. The necessity for road safety is the most essential factor Drivingthe Road Marking Materials Market. Road traffic fatalities and injuries are becoming more widely acknowledged as a major hazard.

Key Players:

Notable player names in the Road Marking Materials Market are Asian Paints Ltd. (India), Reda National Co. (Saudi Arabia), PPG Industries Inc. (U.S.), TATU Traffic Group (China), Nippon Paint Holdings Co. Ltd. (Japan), Helios Group (Slovenia), SealMaster (U.S.), Geveko Markings (Sweden), LANINO (South Africa), Zhejiang Brother Guidepost Paint Co. Ltd. (China), Ennis Flint Inc. (U.S.), 3M (U.S.), Hempel (The Netherlands), Sherwin-Williams (U.S.), and Swarco AG (Austria).

Market Drivers:

According to the Association for Safe International Road Travel, roughly 1.25 million people die in road accidents each year, with an average of 3,287 deaths each day worldwide. The majority of these collisions occur as a result of poor road conditions. To avoid accidents caused by climatic conditions in the region and limited visibility of Road Markings during the day and at night, safer roads are required. Various governments, including the United States, the United Kingdom, China, and Switzerland, have made steps to improve road conditions and provide correct road markings in order to reduce the number of people killed on unsafe roads. During the projection period, this is likely to increase the use of road marking materials.

Restraint:

One of the primary restrictions on the Road Marking Materials Industry is road contractors' cautious approach. Several road contractors want low-cost, basic items, while others need high-performance solutions at low, competitive pricing. Contractors' strategy reduces coating manufacturers' margins, resulting in a contraction of the Road Marking Materials Industry.

Market Segmentation:

The Global Road Marking Materials Market is split by type, application, and geography in this analysis. The paper distinguishes between paint-based and performance-based compounds. Epoxy-based paint, polyurethane-based paint, water-based paint, and solvent-based paint are the four types of paint-based material. Performance-based marking materials include thermoplastics and cold plastics. Road Marking, factory marking, car park marking, antiskid marking, airport markings, and other applications are among them. Geographically, the market is examined in North America, Europe, Asia-Pacific, and Latin America and the Caribbean.

Regional Analysis:

The Global Road Marking Materials Market is divided into four regions based on regional analysis: North America, Europe, Asia Pacific, and the Rest of the World. During the projection period, Asia Pacific is expected to be the fastest-growing market for road marking materials. During the forecast period, factors such as rising demand for safer roads and rising investments in the civil construction sector would promote the use of Road Marking Materials in the Asia Pacific region.

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