Global Road Marking Materials Market Size, Trends, Growth, Opportunities and Worldwide Forecast | Leading Key Players Aximum, Crown Technology, Ennis-Flint,, Geveko Markings, Ozark Materials, Rembrandtin Lack GmbH, SealMaster, 3M, SWARCO AG and The Sherwi

Global Road Marking Materials Market Size:

The Global Road Marking Materials Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 due to increased spending on safer roads.

The global Road Marking Materials market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors fueling the market growth include increase in spending for road safety, increasing application in airways and government safety standards. In addition, rising investments for roadway projects in developing countries create huge growth opportunity for the market. However, factors such as conservative approach of road contractors are hindering the market growth.

Global Road Marking Materials market segmented on the basis of type, application and region.

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Paint-Based Markings Dominate the Global Road Marking Materials Market:

Based on the Type, global Road Marking Materials market segmented into Performance-Based Markings and Paint-Based Markings. Amongst type paint based markings is likely to see considerable market growth during estimated period. These are the oldest road marking type and these marking materials are frequently used to denote mark parking spaces or travel lanes. They are in high demand due to their retro reflective glass beads. In addition, Paint-based road markings can be categorized as solvent-based and water-based paints.

Asia Pacific Leads the Global Road Marking Materials Market:

PBI’s global Road Marking Materials market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global Road Marking Materials market with considerable CAGR. This is mainly due to the rapidly growing investments in roadway projects in emerging economies of the region, mainly in India, China and Thailand. In India and China there is an increasing awareness on safety measures coupled with urbanization which expected to lead the market over the forecast period.

Collaboration is the key strategies adopted by market players:

Global Road Marking Materials market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, For Instance, In July 2017, The Sherwin-Williams Company (US) acquired The Valspar Corporation (US). This acquisition has made the company one of the largest paints & coatings manufacturers.

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Precision Business Insights (PBI) in its report titled “Global Road Marking Materials Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

Detailed Segmentation:

By Type
o Performance-Based Markings
• Cold Plastics
• Thermoplastics
o Paint-Based Markings
• Epoxy
• Polyurethane-Based
• Solvent Based
• Water-Based

By Application
o Airport Marking
o Antiskid Marking
o Factory Marking
o Parking Lot Marking
o Road & Highway Marking
o Others
Geography
o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

Major Key Players are:

Key player’s profiles in the report are Aximum (France), Crown Technology, LLC (US), Ennis-Flint, Inc. (US), Geveko Markings (Denmark), Ozark Materials LLC (US), Rembrandtin Lack GmbH Nfg. KG (Austria), SealMaster (US), 3M (US), SWARCO AG (Austria) and The Sherwin-Williams Company (US).

Key Features of the Report:

1. The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
2. The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
3. The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
4. The report tracks recent innovations, key developments and startup’s details that are actively working in the market
5. The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
6. The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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This release was published on openPR.