Press release
Road Marking Paint Market Size, Share, Trends, Demand, and Forecast Report 2023-2030
The three primary ingredients of road marking paint are pigments, binders, and solvents. Road marking paint comes in three basic varieties: water-based, solvent-based, and thermoplastic. It is employed in various colors according to the applications that varies by location to designate travel lanes, parking lots, or special purpose areas for handicapped parking, loading zones, or time-restricted parking.
Since reflective mats make it easier for drivers to drive on the road in low visibility, road marking paints have become more and more popular. They designate the danger zone, which discourages speeding and overtaking, and they offer more aesthetically pleasing routes.
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Road Marking Paint Market Dynamics and Trends
The growing number of traffic accident cases globally is the cause of the rising need for road marking paints. A World Health Organization research from 2021 states that car accidents claim the lives of up to 1.35 million people annually. Additionally, a 50% reduction in the death rate from traffic accidents is the goal. The nations adopt a number of measures, like extending road markings, to lower the number of accident incidents.
European nations such as Belgium, Germany, and Sweden have begun to use markers up to thirty centimeters wide, according to the MDPI report 2020. In order to increase nighttime visibility, Sweden widened its longitudinal road markings from 10 to 15 cm on the axis and 20 to 30 cm at the edges.
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Road Marking Paint Market Segmentation Analysis
By Type
By Applications
By Marking Machines
By Region
Major Companies Covered
Swarco, Geveko Markings, Ennis-Flint, Hempel, Asian Paints PPG, Sealmaster, Berger Paints, Nippon Paint Holdings Co and BASF Coatings.
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