Press release
Road Marking Materials Market Global Size, Share, Sales, Revenue and Price with Forecast 2020-2023
Road Marking Materials Market
Market Overview
Road marking materials are used to assist motorists and vehicle drivers in navigating roads safely. Development of roads is expected to induce the demand for road marking materials which can be used in denoting detours, parking areas, and separate traffic lanes for different vehicles.
The global road marking materials market is estimated to touch a valuation of USD 5,466.5 million by 2023, as per the latest report by Market Research Future (MRFR). It was valued at USD 3,925.9 million in 2017. Increased spending on road infrastructure is the primary driver of the market. New road development projects can facilitate the market in expanding at 5.77% CAGR over the forecast period (2018-2023).
Advances in road marking systems and availability of laying equipment are other factors which can foster market growth. But strict regulations regarding the use of certain chemicals can pose a challenge to the market.
Segmentation Overview
The road marking materials market is segmented by type and application. By type, it is segmented into waterbased marking paint, solvent based marking paint, two-component (cold plastic) road marking paint, thermoplastic marking paint, and others. Major applications in the road marking materials market include airport, parking lot, roads & streets, and others.
Regional Overview
Based on regions, the road marking materials market is segmented into South America, North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The APAC region is projected to exhibit a humongous CAGR owing to the increased budget on road development projects by countries such as Singapore, China, and India. The emphasis on road safety to bring down the collision rate among vehicles is expected to bolster the demand for road marking materials in the region.
Competitive Landscape
Key players in the road marking materials market report include 3M (U.S.), Sherwin-Williams (U.S.), Swarco AG (Austria), Nippon Paint Holdings Co. Ltd. (Japan), Ennis Flint Inc. (U.S.), Hempel (The Netherlands), Geveko Markings (Sweden), PPG Industries Inc. (U.S.), Asian Paints Ltd. (India), SealMaster (U.S.), LANINO (South Africa), Reda National Co. (Saudi Arabia), TATU Traffic Group (China), Zhejiang Brother Guidepost Paint Co. Ltd. (China), and Helios Group (Slovenia).
Research Methodology
Research analysts at Market Research Future (MRFR) bank on their impeccable methodologies and nuanced skills to deliver the outstanding report. These tactics follow the parameters that would allow a reliable understanding of the relevant industry. The research methodology includes primary and secondary methods. The primary method comprises data gathered from interviews and discussions with the market doyens and expert analysis of the same. The secondary method has two approaches; top-down and bottom-up that provides a holistic view of the industry. This assists in having an excellent overview of the industry for a better prediction of the market in the foreseeable future. Furthermore, a detailed analysis of the market trends, factors, and inputs from the market gurus enriches the report.
Access Report @ https://www.marketresearchfuture.com/reports/road-marking-materials-market-7411
Analysis Period
Base Year - 2017
Projection Period - 2018 to 2023
Market Valuation - USD Million
For the scope of the report, the road marking materials market is segmented in the following manner
Type
Waterbased Marking Paint
Solvent Based Marking Paint
Thermoplastic Marking Paint
Two-component (Cold Plastic) Road Marking Paint
Others
Application
Roads & Streets
Parking Lot
Airport
Others
Contact Us :
WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
About us:
A devoted team, from diverse academic backgrounds, have each found their way to contribute uniquely toward the common objective which drives the organization
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Road Marking Materials Market Global Size, Share, Sales, Revenue and Price with Forecast 2020-2023 here
News-ID: 1925656 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Marking
Marking the Way: Traffic Road Marking Coating Market (2023-2032)
"According to the research report, the global traffic road marking coating market was valued at USD 5.85 billion in 2022 and is expected to reach USD 11.75 billion by 2032, to grow at a CAGR of 7.3% during the forecast period."
Polaris Market Research has recently published the latest update on Traffic Road Marking Coating Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2030 that offers detailed…
Dot Peen Marking Machines Market : Latest Research Reveals Key Trends for Busine …
Global Dot Peen Marking Machines Market Size was estimated at USD 171.1 million in 2021 and is projected to reach USD 270.4 million by 2028, exhibiting a CAGR of 6.76% during the forecast period.
Market Overview:
Global Dot Peen Marking Machines Market Report 2022 comes with the extensive industry analysis by Introspective Market Research with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast…
Dot Peen Marking Machines Market: Worldwide Study on Top Players | Gravotech, SI …
Global Dot Peen Marking Machines Market Size was estimated at USD 171.1 million in 2021 and is projected to reach USD 270.4 million by 2028, exhibiting a CAGR of 6.76% during the forecast period.
Report Overview:
Global Dot Peen Marking Machines Market Report 2022 comes with the extensive industry analysis by Introspective Market Research with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast…
Electrolytic Marking Machine Market is Estimated to Perceive Exponential Growth …
This report estimates the growth rate and the market value based on domain dynamics and growth driving factors. While preparing this Global Electrolytic Marking Machine market research report, a few of the attributes that have been adopted include updated industry performance. The report offers wide-ranging statistical analysis of the market's continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. This market report also assesses the growth rate and the market value…
Line Marking Australia Offers Warehouse Line Marking For Safety Environment
Line Marking Australia offers you highly educated, competent, customer service-oriented staff who set the standard for all customers. Quality Dulux paint is used in all Line marking projects. With the best employees, they have proven to their clients that they are not a business that is will cut corners on the items that matter the most. When you avail services from them will be able to expect top-of-the-line services and…
Road Marking Paint Market Report 2018: Segmentation by Product (Thermoplastic Ma …
Global Road Marking Paint market research report provides company profile for Ennis Flint, Hempel, Geveko Markings, PPG Industries, Asian Paints PPG, SealMaster, 3M, Sherwin-Williams, Swarco AG, Nippon Paint and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018…
