Traffic Road Marking Coatings Market worth $9.01 billion by 2030, growing at a CAGR of 8.50% - Exclusive Report by 360iResearch

The "Traffic Road Marking Coatings Market by Product (Epoxy, Paint, Preformed Polymer Tape), Usage (Permanent, Removable), Applicator, Application - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Traffic Road Marking Coatings Market to grow from USD 4.69 billion in 2022 to USD 9.01 billion by 2030, at a CAGR of 8.50%.

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Traffic road marking coatings are specialized materials applied to various road surfaces to provide visual guidance, information, and safety cues for drivers, pedestrians, and cyclists. These coatings are essential for traffic management and regulation by delineating lanes, pedestrian crosswalks, bicycle paths, and other critical road areas. The traffic road marking coatings market growth is influenced by increasing urbanization, which leads to greater demand for well-planned transportation systems and substantial investments in infrastructure development across emerging economies. However, climatic factors such as extreme temperature variations, humidity, precipitation, and exposure to UV radiation can adversely affect the durability and performance of road markings, necessitating frequent maintenance. Nevertheless, adopting advanced technologies, such as automated pavement marking machines that ensure consistent application quality while reducing human intervention, can drive further market growth.

In the Americas region, considering the United States and Canada, the need for better infrastructure has prompted governments to introduce strict regulations about road safety norms. This has led to an increased demand for higher-quality traffic road marking materials with durable properties. Additionally, private sector companies are investing heavily in advanced technologies that focus on reducing environmental impact while enhancing product performance. The European Union countries have adopted stringent regulations on road safety, which have resulted in an increased demand for high-performance traffic road marking coatings that meet their criteria. In addition to this, there exists a strong emphasis on environmentally friendly solutions due to strict emissions regulations within Europe. In the Middle East and Africa, infrastructure development projects are booming, leading to a surge in demand for traffic road marking solutions. In the Asia Pacific region, major economies are experiencing rapid urbanization and industrialization. The increasing demand for road infrastructure projects has led to heightened awareness about road safety measures. As a result, these countries have significantly invested in the research and development of innovative traffic road marking coatings that offer enhanced visibility in different weather conditions while also being eco-friendly.

Market Segmentation & Coverage:

This research report categorizes the Traffic Road Marking Coatings Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Epoxy, Paint, Preformed Polymer Tape, Pressure Sensitive Tape, and Thermoplastic. The Paint is further studied across Biorenewable Paints, Low VOC Solvent-Based Paints, Solvent-Based Paints, Two-Component Paints, and Water-Based Paints. The Water-Based Paints is further studied across Fast-dry, Jet-dry, and Regular. The Paint commanded largest market share of 28.34% in 2022, followed by Thermoplastic.

Based on Usage, market is studied across Permanent and Removable. The Permanent commanded largest market share of 89.77% in 2022, followed by Removable.

Based on Applicator, market is studied across Brush, Machine, Roller, and Spray. The Roller commanded largest market share of 34.23% in 2022, followed by Brush.

Based on Application, market is studied across Airport Marking, Car Park Marking, Factory Marking, Road Marking Labels, and Road Marking Lines. The Road Marking Lines commanded largest market share of 49.12% in 2022, followed by Road Marking Labels.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.92% in 2022, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Traffic Road Marking Coatings Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Traffic Road Marking Coatings Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Traffic Road Marking Coatings Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Aexcel Corporation, BASF SE, Benjamin Moore & Co., Chroma Merchandise, Crown USA, LLC, DG Road Safety Private Limited, Dulux Protective Coatings, Garon Products Inc., Geveko Markings, Ingevity Corporation, Kansai Paints Co., Ltd., Kataline Infraproducts Pvt. Ltd., Myers Industries, Inc., Nanjing Roadsky Traffic Facility Co., Ltd., National Traffic Signs, Inc., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., Sunrise Overseas, SWARCO AG, The Dow Chemical Company, The Sherwin-Williams Company, Topmark Solutions Pvt. Ltd., Tru Custom Blends, Inc., Vedaaanshi Safety & Sign, and Zigma Paints Private Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Traffic Road Marking Coatings Market, by Product
7. Traffic Road Marking Coatings Market, by Usage
8. Traffic Road Marking Coatings Market, by Applicator
9. Traffic Road Marking Coatings Market, by Application
10. Americas Traffic Road Marking Coatings Market
11. Asia-Pacific Traffic Road Marking Coatings Market
12. Europe, Middle East & Africa Traffic Road Marking Coatings Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Traffic Road Marking Coatings Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Traffic Road Marking Coatings Market?
3. What is the competitive strategic window for opportunities in the Traffic Road Marking Coatings Market?
4. What are the technology trends and regulatory frameworks in the Traffic Road Marking Coatings Market?
5. What is the market share of the leading vendors in the Traffic Road Marking Coatings Market?
6. What modes and strategic moves are considered suitable for entering the Traffic Road Marking Coatings Market?

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