Stratview Research has published a report on the Road Marking Materials Market Segmented by Product Type (Thermoplastics, Paints, Two-Component Resins, and Tapes), by Application Type (Roads & Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, Antiskid Marking, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the presented report, Road Marking Materials Market is likely to witness an impressive CAGR of 5.1% during the forecast period. The major factor propelling the market for road marking materials is mainly its increasing need for road safety standards owing to the rising number of deaths & injuries caused by road accidents. According to the WHO, approximately 1.35 million people die every year in road accidents, and tens of millions of people get injured or disabled a year.
Market Segments' Analysis
The market researchers have studied the Road Marking Materials Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is a short piece of information –
Based on the product type, the market is segmented as thermoplastics, paints, two-component resins, and tapes. Paints are the oldest and most widely used road marking products as they are inexpensive and can be applied quickly without any pre-treatment such as heating. Paints can be classified into solvent-borne and water-borne paints.
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Based on the application type, the road marking materials market is segmented as roads & highway marking, parking lot marking, factory marking, airport marking, antiskid marking, and others. The roads & highway marking segment dominates the market, as road marking materials are widely used for a large number of applications in roads & highways for providing necessary information and guidance to road users in the form of lines, patterns, words, or objects for controlling, warning, guiding, and informing pedestrians.
In terms of regions, Asia-Pacific is expected to be the dominant as well as the fastest-growing market for road marking materials in the coming five years. The region’s highest growth is attributed to the rising number of roadbuilding activities in the region’s emerging economies such as India and China. Increasing government spending in these emerging economies to strengthen their trade routes as well as to recreate their old routes and several other projects is boosting the demand for the road marking materials market in the Asia-Pacific region. North America and Europe are also likely to offer sizeable growth opportunities during the forecast period.
Key Players
Some of the major road marking material manufacturers are
- The Sherwin-Williams Company
- Geveko Markings
- Aximum S.A.
- Swarco Holding AG
- Ozark Materials, LLC
- Ennis-Flint Inc.
- SealMaster®
- The 3M Company
- Rembrandtin Lack GmbH Nfg. KG
- Crown Technology, LLC.
What else is available in this report?
The answer lies in the TOC and other details. Take a sneak peek into the TOCs of this report.
- Report Scope
- Report Objectives
- Research Methodology
- Market Segmentation
- Secondary Research
- Primary Research
- Breakdown of Primary Interviews by Region, Designation, and Value Chain
- Data Analysis and Triangulation
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