Road Marking Materials Market is set to expand at a sluggish CAGR of 4.4% from 2023 to 2029 | Exactitude Consultancy

Exactitude Consultancy Market Research analyses that the Road Marking Materials Market will witness a CAGR of 4.4% for the forecast period of 2023-2029 and is likely USD 6.55billion by 2022 to reach at USD 8.99 billion by 2029.

Road marking materials can be referred to utilize on the roadways and pathways to communicate and guidance information to drivers and pedestrians. Uniformity in the markings is standardized to prevent driveway confusion and improve the road safety. Additionally, the technological advancements like marking longevity, retro reflectivity and low installation expense are implemented to improve the scope of market potential for road marking materials.

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Road Marking Materials Market Dynamics

✦ Drivers

Increasing Road Construction and Infrastructure Development

The growth in population, urbanization, and industrialization has led to the construction and expansion of road networks, which drives the demand for road marking materials.

Focus on Road Safety

Governments and transportation authorities worldwide are emphasizing the importance of road safety measures. Road markings play a crucial role in guiding drivers, improving visibility, and reducing accidents, leading to the increased adoption of road marking materials.

✦ Restraints

Limited Road Maintenance Budgets

Road maintenance budgets of governments and authorities may be limited, especially in developing regions. This can result in delayed or inadequate road marking projects, affecting the demand for road marking materials.

Lack of Skilled Labor and Equipment

Road marking requires skilled labor and specialized equipment for accurate and efficient application. The shortage of skilled labor and the high cost of equipment can pose challenges in the road marking process and impact the market growth.

Prominent Key players of the Road Marking Materials Market survey report:

Historical data available in the report elaborates on the development of the Road Marking Materials on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - The Sherwin-Williams Company, Ennis-Flint, Inc., SWARCO AG, Geveko Markings, 3M, Asler Lacke Switzerland, Kataline Group, Ozark Materials LLC.

Recent Developments

⇨ In January 2023, The Chinese government issued a new standard for road marking materials, GB/T 5289-2022. This standard provides requirements for the production, testing, and use of road marking materials in China.

⇨ In February 2023, The American Society for Testing and Materials (ASTM) published a new standard for road marking materials, ASTM D7038-23. This standard provides guidance on the use of road marking materials in a variety of applications.

⇨ In March 2023, The European Union (EU) published a new standard for road marking materials, EN 1436:2023. This standard provides more specific requirements for the production, testing, and use of road marking materials.

Road Marking Materials Market Segmentation:

Road Marking Materials Market by Type, 2023-2029 (USD Million) (Kilotons)

» Performance-Based Markings

» Paint-Based Markings

Road Marking Materials Market by Application, 2023-2029 (USD Million) (Kilotons)

» Into Road & Highway Marking

» Parking Lot Marking

» Factory Marking

» Airport Marking

» Anti-Skid

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Road Marking Materials Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Road Marking Materials industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Road Marking Materials industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Road Marking Materials Market Research Report 2023-2029

1 Road Marking Materials Market Overview

1.1 Product Overview and Scope of Road Marking Materials

1.2 Road Marking Materials Segment by Type (Product Category)

1.3 Global Road Marking Materials market Segment by Application

1.4 Global Road Marking Materials Market by Region (2023-2029)

1.4.1 Global Road Marking Materials Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Road Marking Materials (2023-2029)

1.5.1 Global Road Marking Materials Revenue Status and Outlook (2023-2029)

1.5.2 Global Road Marking Materials Capacity, Production Status and Outlook (2023-2029)

…

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