Road Marking Materials Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

The research report "Road Marking Materials Market: By Type (Performance-Based Markings and Paint-Based Markings), By Application (Airport Marking, Antiskid Marking, Factory Marking, Parking Lot Marking, Road & Highway Marking and Others) and Geography- Global/Region/Country Forecast to 2028." The global road marking materials market size was valued at USD 6.2 billion in 2021, poised to grow at a significant CAGR of 5% during the forecast year 2022-28.

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Increase in the spending for road safety is fostering the Global Road Marking Materials Market:
The report on global Road Marking Materials Market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application and geography. This global report also studies global market dynamics elaborately to identify the latest trends & drivers, future opportunities and possible challenges to the key stakeholders working in the market. Road markings help greatly to the pedestrians and drivers by providing them direction for assuring lane driving. It even directs rules to stop and park. Traffic crashes has been increased these days. Traffic accidents kill more than 1.2 million people and injure up to fifty million people yearly. Existence of center and edge markings on road can plunge down the accidents rate by 20% according to a study. Incessant initiatives taken by the government of many different countries are fuelling the market. Increasing cases of these accidents has insisted the governments of several nations to increase their budget for road safety in present and future action plans.

A few of the major factors impelling the market growth are increasing application in airways, huge spending for road safety as well as government safety standards. Moreover, increase in the investments for roadway projects in developing economies creates huge growth opportunity for the market. However, the major factor hindering the market growth is fluctuations in the price of raw materials like pigments, additives, and resins.

Asia Pacific accounted for larger revenue share in the Global Road Marking Materials Market
Global Road Marking Materials market report aims at providing complete outlook on road marking materials across the globe by covering major regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific got significant revenue share in the market with significant CAGR rate because of the speedily growing investments in roadway projects in India, China and Thailand. Increasing urbanization and growing consciousness about road safety in India and China projected to boost the market over the assessment time span. There are several countries in the Asia Pacific adopting road safety measures which is anticipated to impel the demand for road marking materials market.

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Major players working in the global road marking materials market are Aximum (France), Crown Technology, LLC (US), Ennis-Flint, Inc. (US), Geveko Markings (Denmark) and Ozark Materials LLC (US).

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