Press release
Road Marking Materials Market Outlook : Presents Market Insights, Depth Analysis And Forecast By 2024-2031 | Aximum S.A., The Sherwin-Williams Company
Road Marking Materials Market
Market Overview:
Road marking materials are utilized to enhance nighttime visibility and increase roadway safety by demarcating divisions and lanes on roads and highways. They effectively optimize traffic management with signaling and directional signage.
Market Dynamics:
The global road marking materials market is primarily driven by robust investments in infrastructure development projects around the world, especially in developing economies to improve transportation facilities. Governments are widely undertaking highway construction and expansion work. As per the World Bank, annual global infrastructure spending is estimated to average USD 3.7 trillion through 2035 for new projects. Besides, stringent road safety regulations mandating proper roadway markings are also fueling market growth. Regulations such as the Manual on Uniform Traffic Control Devices (MUTCD) in the United States specify rules for roadway striping and markings.
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Top Key Players are Covered in this Report:
★ Aximum S.A.
★ The Sherwin-Williams Company
★ Geveko Markings
★ Ozark Materials LLC
★ Lackfabrik GmbH
★ Swarco Limburger
★ Ennis-Flint and Kelly Bros Erinline along with others.
Market Segmentation:
By Applications:
★ Airport marking
★ Space marking
★ Highway marking
★ Factory marking
★ Car park marking
★ Others
Key Region/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Major Market Drivers for the Road Marking Materials Market
Increased Infrastructure Development and Road Construction Projects
With rapid urbanization and growing population across the globe, there has been a significant rise in infrastructure development activities and road construction projects undertaken by various government agencies. Roof marking plays a very important role in traffic management by separating traffic lanes, guiding vehicle movement, and enhancing overall road safety. As more roads, highways and expressways are being built worldwide to support the increasing transportation needs, it is leading to higher consumption of road marking materials like paints, thermoplastics and coatings. Various countries are focusing on expanding and upgrading their existing road networks, which is boosting the demand for road markings.
Stringent Government Regulations for Road Safety
Governments of many countries have introduced stringent regulations and standards pertaining to road markings and signs for ensuring better traffic management as well as safety of road users. Proper road marking enhances the visibility of roads and helps direct traffic flow smoothly. It prevents accidents and reduces risks on the roads. As a result, transportation authorities have mandated the use of retro-reflective marking materials that remain visible even in poor lighting conditions. The regulatory norms regarding minimum retro-reflectivity levels and periodical renewal of road markings are propelling the market growth of advanced road marking materials.
Major Market Restrain for the Road Marking Materials Market
Volatility in Raw Material Prices
The prices of key raw materials used for manufacturing road marking materials such as epoxy resins, acrylic resins, ceramic beads, titanium dioxide, and hydrocarbon solvents are prone to fluctuations. Changes in crude oil prices have a significant impact on the prices of raw material derivatives. Since these commodities are sourced globally, geopolitical uncertainties and supply chain disruptions also contribute to the price volatility. This makes it challenging for manufacturers to maintain stable production costs. The rising raw material prices may compel companies to periodically increase the prices of their products as well. This, in turn, can limit the buying ability of some customers and restrain the market growth to some extent over the forecast period.
Major Market Opportunity for the Road Marking Materials Market
Growing Adoption of Smart and Intelligent Road Markings
There is a rising trend of developing smart and intelligent road markings integrated with new technologies. With advancements in embedded sensors, IoT, and wireless connectivity, road markings can be made "smart". They are being augmented to detect the number of vehicles crossing, measure traffic speed, identify potholes or bumps on roads, and monitor road/lane conditions in real-time. Such road markings help collect traffic data for analytics purposes and enable authorities to improve traffic management. The opportunity lies in leveraging latest technologies to offer innovative intelligent road marking solutions. This would create new revenue streams for markers players and positively impact the overall market expansion.
Major Market Trend in the Road Marking Materials Market
Increasing Preferences for Eco-Friendly and Sustainable Products
With growing environmental consciousness, there is a rising trend where transportation agencies and private contractors prefer eco-friendly road marking materials. Water-based paints containing low or zero VOC (volatile organic compound)content are gaining traction owing to their minimal VOC emissions. Manufacturers are developing sustainable products made from recycled plastic and rubber content. They are also focusing on easy removability of used road marking materials to facilitate recyclability. Moreover, materials that can last long without requiring frequent re-application are favored from sustainability point of view. This trend is expected to ramp up the demand for green road marking solutions in the coming years.
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The report answers a number of crucial questions, including:
➥ Which companies dominate the global Road Marking Materials market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Road Marking Materials market economy globally?
Some of the Major Points of TOC cover:
Chapter 1: Techniques & Scope
1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources
Chapter 2: Latest Trends Summary
2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends
Chapter 3: Industry Insights
3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape
Chapter 4: Road Marking Materials Market, By Region
Chapter 5: Company Profiles
5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook
Chapter 6: Assumptions and Acronyms
Chapter 7: Research Methodology
Chapter 8: Contact (Continue . . .)
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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