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In 2017, the paint segment dominated the global market, in terms of revenue.
The rapid increase in traffic congestion across the globe majorly drives the growth of this market.
There has been an increasing construction of roads, especially in the developing regions of Asia-Pacific and Latin America, which further augments the growth of this market.
Introduction of organic road marking coatings along with increasing awareness regarding the use of environment friendly marking materials would provide growth opportunities for traffic road marking coating market in the coming years.
Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/traffic-road-marking-coating-market/request-for-sample Asia-pacific is expected to grow at the highest CAGR during the forecast period.
Governments in the region are increasingly investing in the development of roadway infrastructure, augmenting the market growth.
In 2017, the paint segment dominated the global market, in terms of revenue.
In 2017, Europe accounted for the majority share in the global Traffic Road Marking Coating market.The rapid increase in traffic congestion across the globe majorly drives the growth of this market.
There has been an increasing construction of roads, especially in the developing regions of Asia-Pacific and Latin America, which further augments the growth of this market.
Introduction of organic road marking coatings along with increasing awareness regarding the use of environment friendly marking materials would provide growth opportunities for traffic road marking coating market in the coming years.Asia-pacific is expected to grow at the highest CAGR during the forecast period.
Governments in the region are increasingly investing in the development of roadway infrastructure, augmenting the market growth.
Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/traffic-road-marking-coating-market/request-for-sampleThe various types of traffic road marking coatings include thermoplastic, paint, preformed polymer tape, and others.