Road Marking Materials Market opportunities, developments, key players statistics and forecast 2027
The market for road marking materials is predicted to expand significantly over the forecast period. The road marking materials market is divided into three sections: product, application, and geography. The market is further subdivided based on product into paint-based materials, epoxy-based, polyurethane, water base, solvent-based, performance-based, Thermoplastics, and cold Plastics. Furthermore, the market is divided into road marking, industrial marking, car park marking, antiskid marking, and airport marking. The market is further subdivided geographically into North America, Europe, Asia-Pacific, and other areas.
Road Marking Materials Market Report Scope and Research Methodology :
The competitive landscape describes the expansion tactics used by Road Marking Materials industry providers. The news in this part gives helpful thoughts at numerous levels while staying up to date with the company and enthralling stakeholders in the economic war. The competitive environment in the Road Marking Materials The market report includes company news classified as Merger & Acquisition, Agreement, Collaboration, & Partnership, Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All of the information gathered for the Road Marking Materials reports assists suppliers in understanding market gaps and rivals' strategies. Strengths and weaknesses are identified, providing insights into how to improve the product and service. It compares its income generation into the overall Road Marking Materials market to other suppliers in the field. It gives information about how players compare in terms of income generation and customer base.
Road Marking Materials Market Report Overview:
Stellar Market Research conducts a thorough research of Road Marking Materials Market to provide a current snapshot of the market and an optimised understanding of its aspects. The market study Road Marking Materials describes market features such as accumulation, segmentation, dominance, and combination traits. The report gives a Road Marking Materials market overview through typical subjects that are highlighted with customized data according to the need. This overview aids in making decisions about how to approach the market and comprehending the backdrop of the Road Marking Materials industry.
Road Marking Materials Market Size is expected to reach US$ 8.34 Bn. in 2027 from US$ 6.31 Bn. in 2021 at CAGR of 4.75 % during the forecast period.
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Road Marking Materials Market Regional Insights:
North America: U.S., Canada
Europe: U.K., Germany, Rest of Europe
Asia-Pacific: China, Japan, Rest of Asia Pacific
Latin America: Brazil, Mexico, Rest of Latin America
Middle East and Africa: GCC, Rest of MEA
Market size and forecast for these regional and country-level markets are presented in this Road Marking Materials market report for the period 2020-2029.
Road Marking Materials Market Segmentation:
It is further divided into paint-based materials, epoxy-based materials, polyurethane, water base, solvent-based materials, performance-based materials, Thermoplastics, and cold plastics. Water-based paints dominate the road marking materials market because to their eco-friendliness and product lifetime after application on roadways. Furthermore, water-based paints promote energy conservation and sustainability, which appeals to many government agencies, allowing it to become the market sector with the largest market share.
The road marking and materials market is divided into four applications: road marking, industrial marking, car park marking, antiskid marking, and airport marking. The road marking segment is predicted to have the largest market share due to the sheer amount of roads and highways being created, which outnumbers all other application segments such as factories, vehicle parking, anti-skid marking, and airport marking. Reflective coatings are in high demand on roads and highways. Furthermore, there is a substantial need for water-proof coatings for airports, malls, shopping centres, and housing societies, which is projected to drive market expansion.
Road Marking Materials Market Key Players:
The Sherwin-Williams Company (US)
Ennis-Flint, Inc. (US)
SWARCO AG (Austria)
Geveko Markings (Denmark)
SealMaster (US)
Nippon Paint Holdings Co. Ltd. (Japan)
Hempel (The Netherlands)
PPG Industries Inc. (U.S.)
Asian Paints Ltd. (India)
LANINO (South Africa)
Reda National Co. (Saudi Arabia)
TATU Traffic Group (China)
Zhejiang Brother Guidepost Paint Co. Ltd. (China)
Helios Group (Slovenia)
3M (US)
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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