Growth of Road Marking Materials Market with leading key players like The Sherwin-Williams Company, Ennis-Flint Inc, SWARCO AG, Geveko Markings, SealMaster

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The Road Marking Materials Market size is projected to grow from US$ 6.8 Billion in 2018 to US$ 8.8 Billion by 2023, at a CAGR of 5.2%. Road markings are aids to control traffic by providing information to commuters. These are traffic signs to provide awareness to motorist or pedestrians. Various countries have introduced road safety laws and standards to ensure the safety and security of people, as well as road infrastructure.

Top Key Players in the “Road Marking Materials Market” include are
• The Sherwin-Williams Company (US)
• Ennis-Flint Inc. (US)
• SWARCO AG (Austria)
• Geveko Markings (Denmark)
• SealMaster (US)

“Performance-based marking segment is estimated to be the faster-growing type in the overall market during the forecast period.”
The performance-based marking materials segment is expected to witness a higher growth rate in the overall road marking materials market during the forecast period. Performance-based marking materials are categorized into thermoplastics and cold plastics. Thermoplastics are commonly used surface marking materials, owing to their high durability, lack of VOC, and excellent reflection properties during the day as well as night, and in wet conditions. Cold plastics are based on methyl methacrylate resins (MMA). These are designed for use in conditions where resistance to wear and tear are of great importance.

“The APAC road marking materials market is projected to witness the highest CAGR during the forecast period.”
The APAC road marking materials market is projected to register the highest CAGR between 2018 and 2023. The need to address issues such as traffic congestion, traffic violations, and road accidents are majorly driving the demand for road marking materials in the region. In APAC, countries have increasingly adopted road safety measures, which is driving the demand for road marking materials. Regulatory bodies and regional government have started addressing road safety issues by implementing stringent rules and regulations.

Break down of the profiles of primary interviewees:
• By Company Type – Tier 1-45%, Tier 2- 22%, and Tier 3-33%
• By Designation – C Level-50%, Director Level-25%, and Others-25%
• By Region – North America -50%, Europe -20%, Asia Pacific -10%, Middle East & Africa - 10%, and South America -10%

Complete report on Road Marking Materials Market spread across 113 pages, profiling 09 companies and supported with tables and figures is now available @ https://www.reportsnreports.com/contacts/discount.aspx?name=521486 .

Reason to buy this report:

• Market Penetration: Comprehensive information on road marking materials offered by the top players operating in the market

• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the road marking materials market

• Market Development: Comprehensive information about lucrative and emerging markets; analyzes markets for road marking materials in different regions

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the road marking materials market

• Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the leading players in the road marking materials market

List of Tables
Table 1 Trends and Forecast of Per Capita GDP, By Country, 2016–2022 (USD)
Table 2 Road Marking Materials Market Size, By Type, 2016–2023 (USD Million)
Table 3 Road Marking Materials Market Size, By Type, 2016–2023 (Million Gallon)
Table 4 Paint-Based Road Marking Materials Market Size, By Region, 2016–2023 (USD Million)
Table 5 Paint-Based Road Marking Materials Market Size, By Region, 2016–2023 (Million Gallon)
Table 6 Performance-Based Road Marking Materials Market Size, By Region, 2016–2023 (USD Million)
Table 7 Performance-Based Road Marking Materials Market Size, By Region, 2016–2023 (Million Gallon)
Table 8 Road Marking Materials Market Size, By Application, 2016–2023 (USD Million)
Table 9 Road Marking Materials Market Size in Road & Highway Marking, By Region, 2016–2023 (USD Million)
Table 10 Road Marking Materials Market Size in Parking Lot Marking, By Region, 2016–2023 (USD Million)
……and More

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