[309 Pages Report] The global traffic road marking coatings market is expected to reach a market valuation of US$ 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 US$ 9.34 Billion by 2032 end.
| Attributes | Value |
|---|---|
| Traffic Road Marking Coatings Market Size (2022) | US$ 5.22 Billion |
| Traffic Road Marking Coatings Market Projected Size (2032) | US$ 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.
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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.
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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.
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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.
The traffic road marking coatings market is expected to grow at 6% CAGR over 2022-2032.
The traffic road marking coatings is estimated to be around US$ 5.22 Billion in 2022.
The traffic road marking coatings is anticipated to reach a valuation of US$ 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.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Product 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Product, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Product, 2022-2032 5.3.1. Paint 5.3.2. Thermoplastic 5.3.3. Preformed Polymer Tape 5.3.4. Epoxy 5.4. Y-o-Y Growth Trend Analysis By Product, 2017-2021 5.5. Absolute $ Opportunity Analysis By Product, 2022-2032 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Type, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Type, 2022-2032 6.3.1. Permanent 6.3.2. Removable 6.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021 6.5. Absolute $ Opportunity Analysis By Type, 2022-2032 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Application, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Application, 2022-2032 7.3.1. Road Marking Lines 7.3.2. Road Marking Labels 7.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 7.5. Absolute $ Opportunity Analysis By Application, 2022-2032 8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Product 9.2.3. By Type 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Product 9.3.3. By Type 9.3.4. By Application 9.4. Key Takeaways 10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Product 10.2.3. By Type 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product 10.3.3. By Type 10.3.4. By Application 10.4. Key Takeaways 11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Product 11.2.3. By Type 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product 11.3.3. By Type 11.3.4. By Application 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of APAC 12.2.2. By Product 12.2.3. By Type 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product 12.3.3. By Type 12.3.4. By Application 12.4. Key Takeaways 13. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Product 13.2.3. By Type 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product 13.3.3. By Type 13.3.4. By Application 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Product 14.1.2.2. By Type 14.1.2.3. By Application 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Product 14.2.2.2. By Type 14.2.2.3. By Application 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Product 14.3.2.2. By Type 14.3.2.3. By Application 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Product 14.4.2.2. By Type 14.4.2.3. By Application 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Product 14.5.2.2. By Type 14.5.2.3. By Application 14.6. U.K. 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Product 14.6.2.2. By Type 14.6.2.3. By Application 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Product 14.7.2.2. By Type 14.7.2.3. By Application 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Product 14.8.2.2. By Type 14.8.2.3. By Application 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Product 14.9.2.2. By Type 14.9.2.3. By Application 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Product 14.10.2.2. By Type 14.10.2.3. By Application 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Product 14.11.2.2. By Type 14.11.2.3. By Application 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Product 14.12.2.2. By Type 14.12.2.3. By Application 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Product 14.13.2.2. By Type 14.13.2.3. By Application 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Product 14.14.2.2. By Type 14.14.2.3. By Application 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Product 14.15.2.2. By Type 14.15.2.3. By Application 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Product 14.16.2.2. By Type 14.16.2.3. By Application 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Product 14.17.2.2. By Type 14.17.2.3. By Application 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Product 14.18.2.2. By Type 14.18.2.3. By Application 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Product 14.19.2.2. By Type 14.19.2.3. By Application 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Product 15.3.3. By Type 15.3.4. By Application 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. 3M Company 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Dow Chemical Company 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Swarco AG 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. The Sherwin Williams Company 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Geveko Markings 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Ennis-Flint Inc. 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Crown Technology, LLC 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Vertex Safety Products Private Limited 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. K.M. Contractors Pvt. Ltd. 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Automark Technologies (India) Pvt. Ltd. 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 16.1.11. Asian Paints PPG Pvt. Ltd. 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Product Strategy 16.1.11.5.3. Channel Strategy 16.1.12. Surya Min Chem 16.1.12.1. Overview 16.1.12.2. Product Portfolio 16.1.12.3. Profitability by Market Segments 16.1.12.4. Sales Footprint 16.1.12.5. Strategy Overview 16.1.12.5.1. Marketing Strategy 16.1.12.5.2. Product Strategy 16.1.12.5.3. Channel Strategy 16.1.13. Kestrel Thermoplastics Ltd. 16.1.13.1. Overview 16.1.13.2. Product Portfolio 16.1.13.3. Profitability by Market Segments 16.1.13.4. Sales Footprint 16.1.13.5. Strategy Overview 16.1.13.5.1. Marketing Strategy 16.1.13.5.2. Product Strategy 16.1.13.5.3. Channel Strategy 16.1.14. SealMaster 16.1.14.1. Overview 16.1.14.2. Product Portfolio 16.1.14.3. Profitability by Market Segments 16.1.14.4. Sales Footprint 16.1.14.5. Strategy Overview 16.1.14.5.1. Marketing Strategy 16.1.14.5.2. Product Strategy 16.1.14.5.3. Channel Strategy 16.1.15. Lanino Road Marking Products 16.1.15.1. Overview 16.1.15.2. Product Portfolio 16.1.15.3. Profitability by Market Segments 16.1.15.4. Sales Footprint 16.1.15.5. Strategy Overview 16.1.15.5.1. Marketing Strategy 16.1.15.5.2. Product Strategy 16.1.15.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
Chemicals & Materials
October 2023
REP-GB-6134
309 pages
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Traffic Road Marking Coatings Market
