The global traffic road marking coatings market is expected to reach a market valuation of USD 5.22 Billion by the year 2022, accelerating with a moderate CAGR of 6% by 2022 to 2032. Traffic Road Marking Coatings market size is anticipated to be valued at about USD 9.34 Billion by 2032 end.
| Attributes | Value |
|---|---|
| Traffic Road Marking Coatings Market Size (2022) | USD 5.22 Billion |
| Traffic Road Marking Coatings Market Projected Size (2032) | USD 9.34 Billion |
| Traffic Road Marking Coatings Market Value CAGR (2022 to 2032) | 6% |
Given the strong emphasis on the introduction of high-performing road pavement markings with wet reflectivity, durability, and high contrast to increase road safety, the global traffic road marking coatings market is predicted to experience considerable growth over the projected period. In addition, the strong investment interest towards sustainable infrastructure development in developing nations would further offer fuel to traffic road marking coatings market expansion throughout the foreseeable future.
Road markings are designs, lines, or phrases painted on the ground to direct and regulate traffic on highways and to properly direct pedestrians. One of the materials used to indicate the delineation of traffic channels and act as a psychological barrier to guarantee smooth and orderly traffic flow is solvent-based and thermoplastic road marking paint.
One of the factors driving the traffic road marking coatings market size through the forecast period is the quick deployment of road and highway projects to relieve traffic congestion. For instance, the I-405 widening project in California, U.S., will involve a variety of construction projects throughout its 16-mile length from Long Beach to Costa Mesa. The adoption of traffic road marking coatings is anticipated to increase in the coming years as a result of these advances and the increased number of fatalities from traffic accidents.
Due to the growing awareness of road safety, traffic safety products, such as road markings, are likely to see a high growth rate in terms of demand and adoption.
Increasing demand for traffic road marking coatings is being fuelled by the global increase in accident cases. According to the World Health Organization, 1.35 million people die in traffic accidents each year, and vulnerable road users like cyclists and pedestrians account for more than half of all fatalities. Some of the key factors impacting and fuelling the traffic road marking coatings market's expansion are strict driving laws, observing traffic regulations, and practising safe driving.
To ensure safe driving habits, sturdy and safe road constructions are crucial. The traffic road marking coatings market will develop as a result of rising government spending in creating better roads that are perfect for vulnerable road users and other factors. Plans to improve road connectivity between urban and rural areas are also anticipated to have a positive effect on the traffic road marking coatings market expansion.
Furthermore, the demand for improved and effective roofing and paving solutions has been greatly increased by the growing construction activity worldwide. One of the most effective and economical solutions for consumers in such situations is the use of thermoplastic coatings. The rise in sales of traffic road marking coatings is due to their excellent thermal stability, water-borne nature, and comparably cheaper price.
The traffic road marking coatings market's expansion is anticipated to be constrained by strict rules implemented by governmental bodies and organizations to regulate VOC emissions. To restrict VOC emissions from commercial items and businesses, for instance, France, Germany, and Belgium have passed rules and created ecolabel and grading systems as EMICODE, Blue Angel, M1, and others. The demand for traffic road marking coatings is anticipated to be hampered by this.
Due to its environmental friendliness, the traffic road marking coatings market's largest share belongs to the water-based coatings category. As per the traffic road marking coatings market study, these paints are also used extensively in building and infrastructure because they promote sustainability and energy efficiency. In public places, signs and boards are painted using standard paints. For instance, red signs are used to convey important information like speed restrictions and accident-prone regions, whereas temporary cautions are shown with yellow and orange paint.
Road marking lines were the most popular application category in 2021, accounting for a traffic road marking coatings market share of 55.1 percent. The need for road marking lines is anticipated to increase in the upcoming years due to the increasing use of these lines to direct vehicles on the road.
The marker designates the driving lane and the lateral space needed to move safely and without interruption on the road. It also functions as a tool for informing, directing, and cautioning drivers. This has changed the traffic road marking coatings market outlook.
While the Asia Pacific region is anticipated to experience the maximum growth during the projection period, Europe has emerged as the largest traffic road marking coatings market. The European Union Road Federation is actively doing research to create standardized guidelines as part of its ongoing efforts to reduce traffic fatalities.
In the upcoming years, it is anticipated that increased demand will result from the use of high-quality construction materials, safety precautions, training, and improved contractor oversight and increase the sales of traffic road marking coatings.
By 2028, the Middle East and Africa traffic road marking coatings market will experience significant growth as a consequence of the execution of significant highway projects and the region's keen focus on infrastructure development.
Under the leadership of SABIC, Saudi Aramco, and the Saudi Contractors Authority, important road projects in Saudi Arabia include the Dhahran-Al Batha route, which will be built to connect the Jubail and Dammam roads. These new developments are also expected to have a favorable impact on the regional traffic road marking coatings market dynamics throughout the foreseeable future, along with the country's rising runway construction for new airports.
Manufacturers in the traffic road marking coatings market prioritize creating cutting-edge goods, such temperature-sensitive, durable, reflective paints. Manufacturers expect the traffic road marking coatings market to exhibit a high degree of forwarding integration in order to strengthen their position in the global market.
These companies use a variety of techniques to diversify their product offerings across the traffic road marking coatings market, including strategic product releases, acquisitions, and corporate expansions.
Following its acquisition of Ennis-Flint in January 2021, PPG developed the Traffic Solutions segment to manufacture and supply pavement-marking materials, including thermoplastics and paint, for clients in the commercial infrastructure and other sectors.
There have been many new innovations in the traffic road marking coatings market. The road marking sector will show off how much it is working on roads for the future at Traffex next month with a knee-high robot that marks white lines accurately and quickly, innovative paint that can deal with the road surface at level crossings, a ride-on road marker that resembles a Harley Davidson - but is silent, and new treatments that are durable, skid-resistant, and highly visible even on a wet night.
The process of "pre-marking" for road markings has not altered from the beginning; it is labor-intensive, hazardous, sluggish, and back-breaking. Here comes Roberta, the world's fastest pre-marking robot and a WJ PreMarker. It can fit in the boot of a vehicle or van because it only weighs 18kg. It can create centre lines and parking bays, and via a USB, it can mark out any other shape, including arrows, text, numbers, and even logos. It is entirely autonomous and uses GPS for navigation.
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global Market Volume (Tons) Forecast by Region, 2017-2032
Table 3: Global Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 4: Global Market Volume (Tons) Forecast by Product, 2017-2032
Table 5: Global Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 6: Global Market Volume (Tons) Forecast by Type, 2017-2032
Table 7: Global Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 8: Global Market Volume (Tons) Forecast by Application, 2017-2032
Table 9: North America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 10: North America Market Volume (Tons) Forecast by Country, 2017-2032
Table 11: North America Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 12: North America Market Volume (Tons) Forecast by Product, 2017-2032
Table 13: North America Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 14: North America Market Volume (Tons) Forecast by Type, 2017-2032
Table 15: North America Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 16: North America Market Volume (Tons) Forecast by Application, 2017-2032
Table 17: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 18: Latin America Market Volume (Tons) Forecast by Country, 2017-2032
Table 19: Latin America Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 20: Latin America Market Volume (Tons) Forecast by Product, 2017-2032
Table 21: Latin America Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 22: Latin America Market Volume (Tons) Forecast by Type, 2017-2032
Table 23: Latin America Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 24: Latin America Market Volume (Tons) Forecast by Application, 2017-2032
Table 25: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 26: Europe Market Volume (Tons) Forecast by Country, 2017-2032
Table 27: Europe Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 28: Europe Market Volume (Tons) Forecast by Product, 2017-2032
Table 29: Europe Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 30: Europe Market Volume (Tons) Forecast by Type, 2017-2032
Table 31: Europe Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 32: Europe Market Volume (Tons) Forecast by Application, 2017-2032
Table 33: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 34: Asia Pacific Market Volume (Tons) Forecast by Country, 2017-2032
Table 35: Asia Pacific Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 36: Asia Pacific Market Volume (Tons) Forecast by Product, 2017-2032
Table 37: Asia Pacific Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 38: Asia Pacific Market Volume (Tons) Forecast by Type, 2017-2032
Table 39: Asia Pacific Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 40: Asia Pacific Market Volume (Tons) Forecast by Application, 2017-2032
Table 41: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 42: MEA Market Volume (Tons) Forecast by Country, 2017-2032
Table 43: MEA Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 44: MEA Market Volume (Tons) Forecast by Product, 2017-2032
Table 45: MEA Market Value (US$ Mn) Forecast by Type, 2017-2032
Table 46: MEA Market Volume (Tons) Forecast by Type, 2017-2032
Table 47: MEA Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 48: MEA Market Volume (Tons) Forecast by Application, 2017-2032
Figure 1: Global Market Value (US$ Mn) by Product, 2022-2032
Figure 2: Global Market Value (US$ Mn) by Type, 2022-2032
Figure 3: Global Market Value (US$ Mn) by Application, 2022-2032
Figure 4: Global Market Value (US$ Mn) by Region, 2022-2032
Figure 5: Global Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 6: Global Market Volume (Tons) Analysis by Region, 2017-2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 9: Global Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 10: Global Market Volume (Tons) Analysis by Product, 2017-2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 13: Global Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 14: Global Market Volume (Tons) Analysis by Type, 2017-2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 17: Global Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 18: Global Market Volume (Tons) Analysis by Application, 2017-2032
Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 21: Global Market Attractiveness by Product, 2022-2032
Figure 22: Global Market Attractiveness by Type, 2022-2032
Figure 23: Global Market Attractiveness by Application, 2022-2032
Figure 24: Global Market Attractiveness by Region, 2022-2032
Figure 25: North America Market Value (US$ Mn) by Product, 2022-2032
Figure 26: North America Market Value (US$ Mn) by Type, 2022-2032
Figure 27: North America Market Value (US$ Mn) by Application, 2022-2032
Figure 28: North America Market Value (US$ Mn) by Country, 2022-2032
Figure 29: North America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 30: North America Market Volume (Tons) Analysis by Country, 2017-2032
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 33: North America Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 34: North America Market Volume (Tons) Analysis by Product, 2017-2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 37: North America Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 38: North America Market Volume (Tons) Analysis by Type, 2017-2032
Figure 39: North America Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 40: North America Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 41: North America Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 42: North America Market Volume (Tons) Analysis by Application, 2017-2032
Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 45: North America Market Attractiveness by Product, 2022-2032
Figure 46: North America Market Attractiveness by Type, 2022-2032
Figure 47: North America Market Attractiveness by Application, 2022-2032
Figure 48: North America Market Attractiveness by Country, 2022-2032
Figure 49: Latin America Market Value (US$ Mn) by Product, 2022-2032
Figure 50: Latin America Market Value (US$ Mn) by Type, 2022-2032
Figure 51: Latin America Market Value (US$ Mn) by Application, 2022-2032
Figure 52: Latin America Market Value (US$ Mn) by Country, 2022-2032
Figure 53: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 54: Latin America Market Volume (Tons) Analysis by Country, 2017-2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 57: Latin America Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 58: Latin America Market Volume (Tons) Analysis by Product, 2017-2032
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 61: Latin America Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 62: Latin America Market Volume (Tons) Analysis by Type, 2017-2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 65: Latin America Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 66: Latin America Market Volume (Tons) Analysis by Application, 2017-2032
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 69: Latin America Market Attractiveness by Product, 2022-2032
Figure 70: Latin America Market Attractiveness by Type, 2022-2032
Figure 71: Latin America Market Attractiveness by Application, 2022-2032
Figure 72: Latin America Market Attractiveness by Country, 2022-2032
Figure 73: Europe Market Value (US$ Mn) by Product, 2022-2032
Figure 74: Europe Market Value (US$ Mn) by Type, 2022-2032
Figure 75: Europe Market Value (US$ Mn) by Application, 2022-2032
Figure 76: Europe Market Value (US$ Mn) by Country, 2022-2032
Figure 77: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 78: Europe Market Volume (Tons) Analysis by Country, 2017-2032
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 81: Europe Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 82: Europe Market Volume (Tons) Analysis by Product, 2017-2032
Figure 83: Europe Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 85: Europe Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 86: Europe Market Volume (Tons) Analysis by Type, 2017-2032
Figure 87: Europe Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 89: Europe Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 90: Europe Market Volume (Tons) Analysis by Application, 2017-2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 93: Europe Market Attractiveness by Product, 2022-2032
Figure 94: Europe Market Attractiveness by Type, 2022-2032
Figure 95: Europe Market Attractiveness by Application, 2022-2032
Figure 96: Europe Market Attractiveness by Country, 2022-2032
Figure 97: Asia Pacific Market Value (US$ Mn) by Product, 2022-2032
Figure 98: Asia Pacific Market Value (US$ Mn) by Type, 2022-2032
Figure 99: Asia Pacific Market Value (US$ Mn) by Application, 2022-2032
Figure 100: Asia Pacific Market Value (US$ Mn) by Country, 2022-2032
Figure 101: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 102: Asia Pacific Market Volume (Tons) Analysis by Country, 2017-2032
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 105: Asia Pacific Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 106: Asia Pacific Market Volume (Tons) Analysis by Product, 2017-2032
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 109: Asia Pacific Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 110: Asia Pacific Market Volume (Tons) Analysis by Type, 2017-2032
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 113: Asia Pacific Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 114: Asia Pacific Market Volume (Tons) Analysis by Application, 2017-2032
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 117: Asia Pacific Market Attractiveness by Product, 2022-2032
Figure 118: Asia Pacific Market Attractiveness by Type, 2022-2032
Figure 119: Asia Pacific Market Attractiveness by Application, 2022-2032
Figure 120: Asia Pacific Market Attractiveness by Country, 2022-2032
Figure 121: MEA Market Value (US$ Mn) by Product, 2022-2032
Figure 122: MEA Market Value (US$ Mn) by Type, 2022-2032
Figure 123: MEA Market Value (US$ Mn) by Application, 2022-2032
Figure 124: MEA Market Value (US$ Mn) by Country, 2022-2032
Figure 125: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 126: MEA Market Volume (Tons) Analysis by Country, 2017-2032
Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 129: MEA Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 130: MEA Market Volume (Tons) Analysis by Product, 2017-2032
Figure 131: MEA Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 132: MEA Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 133: MEA Market Value (US$ Mn) Analysis by Type, 2017-2032
Figure 134: MEA Market Volume (Tons) Analysis by Type, 2017-2032
Figure 135: MEA Market Value Share (%) and BPS Analysis by Type, 2022-2032
Figure 136: MEA Market Y-o-Y Growth (%) Projections by Type, 2022-2032
Figure 137: MEA Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 138: MEA Market Volume (Tons) Analysis by Application, 2017-2032
Figure 139: MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 140: MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 141: MEA Market Attractiveness by Product, 2022-2032
Figure 142: MEA Market Attractiveness by Type, 2022-2032
Figure 143: MEA Market Attractiveness by Application, 2022-2032
Figure 144: MEA Market Attractiveness by Country, 2022-2032
The traffic road marking coatings market is expected to grow at 6% CAGR over 2022 to 2032.
The traffic road marking coatings is estimated to be around USD 5.22 Billion in 2022.
The traffic road marking coatings is anticipated to reach a valuation of USD 9.34 Billion by 2032.
Road marking lines were the most popular application category in 2021, accounting for a revenue market share of 55.1 percent.
While the Asia Pacific region is anticipated to experience the maximum growth during the projection period, Europe has emerged as the largest market.
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Traffic Road Marking Coatings Market
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