The Road Marking Materials Market is projected to grow from USD 6.1 billion in 2020 to USD 7.5 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The major reasons for the growth of the road marking materials market include increased spending on safer roads, and new infrastructure and roadway projects in emerging economies, which in-turn act as driving factors for growth of road marking materials market.
Browse 213 market data Tables and 44 Figures spread through 203 Pages and in-depth TOC on "Road Marking Materials Market by Type (Performance-based Markings & Paint-based Markings), Application (Road & Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, and Anti-skid Marking), and Region - Global Forecast to 2025"
Companies such as The Sherwin-Williams Company, Ennis-Flint, Inc., SWARCO AG, Geveko Markings, and SealMaster, fall under the winners’ category. These are leading players in the road marking materials market, globally. These players have launched various new products, entered into various deals, and adopted several other strategies, to strengthen their presence in the global market.
The Sherwin-Williams Company is the largest player in the market. In July 2017, the company acquired The Valspar Corporation, a key manufacturer of paints & coatings, globally. It offers the complete traffic marking solutions with high quality and durable products and has a strong customer base, globally.
The company has a strong presence worldwide, especially, in North America and Europe. In July 2017, The Sherwin-Williams Company (US) completed the acquisition of The Valspar Corporation (US). This acquisition has made the company one of the largest paints & coatings manufacturers.
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By type, the paint-based markings segment is estimated to dominate the global road marking materials market
By type, the paint-based markings segment of the road marking materials market is estimated to dominate the global road marking materials market due to their cost-effectiveness and efficient performance. These markings generate high demand due to their retro-reflective glass beads and are generally used to denote travel lanes or mark parking spaces. These factors are expected to drive the road marking materials growth in the type segment.
By application, airport markings segment is estimated to be the fastest-growing segment of road marking materials market from 2020 to 2025.
By application, the airport markings application segment is projected to growth with the highest CAGR in the global road marking materials market, during the forecast period. The high growth of the airport marking application segment is primarily due to the significance of airport safety. These markings guide airplanes coming into and going out from a runway or taxiway, provide situational awareness, provide an essential visual aid to authorities, and promote overall airfield safety. These factors are estimated to drive the growth of airport markings segment in the road marking materials market during the forecast period.
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Road Marking Materials Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.
Further, this report also highlights the regional and country-level market analysis.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the road marking materials market include Automack Technologies, Aximum SA, Ennis Flint, Evonik Industries, Geveko Marking, Kelly Bros Erinline, Ozark Materials LLC, Roadmarking Industry Association of Australia, Sherwin Williams Company, and Swarco Limburger Lackfabric GmbH.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Road Marking Materials Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/road-marking-materials-market/download-sampleMarket DynamicsThe increasing government safety regulation on roadways safety is driving the overall market growth.
Rapid urbanization along with the technological advancements such as skid resistant technology is also fueling the demand for road marking materials in the market.
On the downside, road marking materials have a high life expectancy of road marking material is the only major factor that can restrain the market growth.
They are in high demand due to their retroreflective glass beads.
These marking materials are generally used to denote travel lanes or mark parking spaces.
However, they offer less brightness and lower performance in terms of adhesion to the substrate.
Paint-based markings are widely used for marking road surfaces as they have excellent adhesion to both concrete and bituminous surfaces and have resistance to UV radiation.The Performance-based markings segment is expected to be the faster-growing type of road marking materials during the forecast period.The road marking materials market has been classified based on type as paint-based and performance-based materials.
Performance-based markings are categorized into thermoplastics and cold plastics.
Thermoplastics are one of the most commonly used surface marking materials owing to their high durability, lack of VOC, and excellent reflection properties in the day as well as night, and in wet conditions.
