This Road Marking Paints Coatings market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Road Marking Paints Coatings market.
Global Road Marking Paints & Coatings Market Introduction
Road marking paints & coatings are used for marking road area, speed breakers, dividers, parking areas, and turning signs amongst others. Road marking plays a crucial role in maintaining road safety and traffic control. This activity is enabled by the application of Road Marking Paints & Coatings by the road marking job companies. Road marking paints & coatings needs to be durable and strongly visible, therefore, abrasion resistant and strong weathering proof paints & and coatings are used for marking the road. Road marking paints are coatings use optical brighteners or fluorescent pigments for providing brightening and fluorescent effect to the road markings. Road marking paints & coatings are generally polymer based and ceramic based coatings including, acrylic, epoxy glass, and other materials. Road marking paints and coatings can be classified into water based, solvent based and other thermoplastic coatings. Glass beads are also used in the road marking purposes. Applications of road marking paints & coatings includes, highways, local roads, parking areas, landing markings, cross roads, and intersections on the roads. The service industry of applying these coatings contributes a significant share in the value chain of the road marking paints & coatings market.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Market Dynamics of Road Marking Paints & Coatings Market
Upsurge in infrastructure development in the emerging economies such as India, China, and Mexico, has been observed in the last few years. Increasing road safety concerns, all over the globe is pushing the road marking paints & coatings. Additionally, increasing awareness about the road safety and use of road marking paints & coatings is expected to drive the demand for road marking paints & coatings, during the forecast period. Increasing population in the countries such as India and china and rise in per capita income of the populations in pushing the need for more roads. Moreover, increasing utilization of the existing roads is accelerating the frequency of road marking, in the densely populated countries. This is also driving the growth of the road marking paints & coatings market.
Stringent regulations on the VOC content of the road marking paints & coatings, in the developed economies is expected to be challenging factor for the potential growth of the market
Various types of solvent based paints and coatings used in road marking. Solvent based paints & coatings are facing challenges for complying with the norms of VOC contents in these paints & coatings. The potential growth in the demand for road marking paints & coatings, can be impacted due to the stringent regulations on VOC contents of the paints & coatings. Developed regions such as North America and Europe, have more stringent laws for the VOC content, therefore, these regions are expected slow growth compared to other regions such as Asia Pacific and MEA.
Road marking paints & coatings market trends: Innovation and new product developments
Improvement in the visibility and durability of the road marking paints & coatings, is at the center of focus by the manufacturers and formulators. High performance materials are being used in road marking paints & coatings. Continuous research and development in the field of paints & coatings is bolstering the new product developments in this market. Increasing demand for durable and highly visible paints & coating for road marking applications is expected to boost the growth of the global road marking paints & coatings market.
Road marking paints & coatings Market: Regional Outlook
Large population and increasing infrastructure developments in India, China and other emerging countries in the world, is driving the global road marking paints & coatings market. Asia Pacific region led the global road marking paints & coatings market. China and India are the fast growing countries in the global road marking paints & coatings market. Increasing demand from developing and emerging markets is boosting the demand for road marking paints & coatings. Growing population and increasing demand for high performance paints coatings, all over the world, is putting pressure on the manufacturers to meet the demand, which is pushing new developments in the road marking paints & coatings market. Asia Pacific witnessed high growth in last few years. North America and Europe followed Asia Pacific in terms of demand for road marking paints and coatings, however road marking paints & coatings market in Europe and North America is expected to grow at a slower growth compared to Asia pacific. Latin America also contributed a significant share in the global road marking paints & coatings market. Middle East and Africa is also creating lots of opportunities for road marking paints & coatings market players as the textile processing market is growing at a significant growth rate, in the region.
Global Road marking paints & coatings Market Participants
Some of the market participants identified across the value chain of global road marking paints & coatings market are:
- The Sherwin-Williams Company
- SWARCO AG
- Geveko Markings
- Ennis-Flint, Inc.
- JotunCrown Technology, LLC
- US Specialy Coatings
- Rembrandtin Lack GmbH Nfg. Kg
- Berger Paints
The global market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The global market research report provides analysis and information according to market segments such as geographies, application and industry.
The global road marking paints & coatings market report covers exhaustive analysis on:
- Road marking paints & coatings Market Segments
- Road marking paints & coatings Market Dynamics
- Road marking paints & coatings Market Size
- Road marking paints & coatings Supply & Demand
- Road marking paints & coatings Current Trends/Issues/Challenges
- Road marking paints & coatings Competition & Companies Involved
- Road marking paints & coatings Technology
- Road marking paints & coatings Value Chain
The Global Road marking paints & coatings Market: Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
- Eastern Europe (Russia, Poland, CIS)
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The global market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global market report also maps the qualitative impact of various market factors on market segments and geographies.
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Global road marking paints & coatings market segmentation
On the basis of material type, the global road marking paints & coatings market can be segmented as:
- Other Resins
On the basis of Solvent, the global road marking paints & coatings market can be segmented as:
- Water Based
- Organic Solvent Based
- Powder Based
On the basis of Applications, the global road marking paints & coatings market can be segmented as:
- Highway road
- Warehouse Floor
- Landing strips
- Park way
- Car Parking
- Zebra Crossing
- Others (Kerb Stones, Centre Line, Speed Humps, Edge Line)
The Global Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Road Marking Paints Coatings Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Road Marking Paints Coatings Market . This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
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In addition to up-to-date market figures and customized of the Road Marking Paints Coatings Market , FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.