Press release
Road Marking Materials Market Size, Trends, Competitive Strategies, Key Vendors and Forecasts to 2029
Road Marking Materials Market Overview:Road marking materials are used on roadways and walkways to direct and inform pedestrians and drivers. Markings are standardised to reduce driveway confusion and improve road safety. Furthermore, technological advances such as retroreflectivity, marking longevity, and low installation costs are being used to expand the market for road marking materials.
The global road marking materials market size is expected to grow from USD 6.55billion by 2022 to USD 8.99 billion by 2029, at a compound annual growth rate (CAGR) of 4.4%.
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The increase in investment in making roads safer is a major factor driving the growth of the global road marking materials market during the forecast period. Furthermore, ongoing infrastructure and new road construction projects in developing nations are expected to drive the growth of the global road marking materials market.
Road Marking Materials Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are The Sherwin-Williams Company, Ennis-Flint, Inc., SWARCO AG, Geveko Markings, 3M, Asler Lacke Switzerland, Kataline Group, Ozark Materials LLC., and Sealmaster and Others
Recent Developments
25 October 2021, SWARCO expands in the road marking systems business in the UK
SWARCO AG closed a transaction to acquire 100% of the shares of the family-owned business HITEX Holdings Ltd.
February 21, 2020 - Ennis-Flint is excited to announce a mutual sale transaction with Potters Industries, LLC, effective immediately.
Ennis-Flint has purchased the ThermoDrop® thermoplastic assets and product line from Potters, while Potters has purchased the Ennis-Flint bead manufacturing facilities.
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Road Marking Materials Market Segmentation:
Road Marking Materials Market by Type, 2020-2029 (USD Million) (Kilotons)
Performance-Based Markings
Paint-Based Markings
Road Marking Materials Market by Application, 2020-2029 (USD Million) (Kilotons)
Into Road & Highway Marking
Parking Lot Marking
Factory Marking
Airport Marking
Anti-Skid
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Growth Factors:
Increasing demand from the Road Marking Materials industries
The growing use of Road Marking Materials in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Road Marking Materials Market
Road Marking Materials Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Road Marking Materials Market Trends
- The report identifies, determines, and forecasts the Global Road Marking Materials Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Road Marking Materials Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Road Marking Materials Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Road Marking Materials Market.
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