Press release
Road Marking Materials Market Set to Reach $9.38 Billion by 2029 with 0.0814704996022972% Yearly Growth
Road Marking Materials Market Size
There is an anticipated boost in the road marking materials market due to the rise of infrastructure and roadway endeavors in budding economies. As road projects multiply, the demand for passenger safety heightens, subsequently stimulating the requirement for these marking materials. For instance, the Infrastructure and Projects Authority, a UK-based government branch, reported in February 2024 that the projected investment in sizeable infrastructure and construction projects for the financial year 2024/25, at £164 billion, surpasses that of 2023/24, reflecting a solid economic expansion. Projected investments for the forthcoming decade are predicated to fluctuate between £700 billion and £775 billion. Thus, the burgeoning infrastructure and roadway projects in up-and-coming economies are fueling the expansion of the road marking materials market.
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How will the growth rate of the road marking materials market shape industry trends by 2034?
The market for road marking materials has experienced a significant increase in size over the past few years. The market size, which stood at $6.38 billion in 2024, is projected to expand to $6.85 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.4%. The escalation during the historic period can be traced back to factors such as road safety regulations, expansion of transportation infrastructure, urbanization and population increase, maintenance and renovation initiatives, advancements in road marking material technology, and increasing environmental concerns.
In the coming years, the road marking materials market is predicted to witness significant growth, reaching $9.37 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. This projected growth in the forecast period is due to the introduction of intelligent road marking materials for self-driving vehicles, highly-visible and reflective road markings, sustainable and environmentally-friendly road marking materials, the use of the Internet of Things in road markings, advanced weather-resistant materials, and personalized road markings for traffic management. The forecast period is also expected to see key trends like energy-efficient solar-powered road markings, 3D and interactive road markings, road marking materials that prevent skidding and icing, dynamic lane markings for managing traffic, tolling solutions based on RFID-enabled road marking, and augmented reality navigation made possible by road markings.
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What trends are poised to drive the future success of the road marking materials market?
The road marking materials market is seeing a rising trend in technological innovations. For example, Röhm GmbH, a chemical company based in Germany, released DEGAROUTE proTerra 100 in April 2022, a greener alternative for cold plastic road markings. Composed of 30% recycled PMMA, DEGAROUTE proTerra 100's carbon footprint is approximately 20% less than that of similar products made from unused raw materials. Road markings created with DEGAROUTE are reactive, solvents free systems, eliminating the release of volatile organic compounds (VOCs) and the need for external heat.
Which primary segments of the road marking materials market are driving growth and industry transformations?
The road marking materials market covered in this report is segmented -
1) By Type: Paint-Based Marking, Solvent-Based Paints, Water-Based Paints, Performance-Based Marking, Thermoplastics, Cold Plastics
2) By Application: Road Markings, Factory Markings, Car Park Markings, Airport Markings, Anti-Skid Markings
Subsegments:
1) By Paint-Based Marking: Conventional Paints, Reflective Paints, High-Performance Paints
2) By Solvent-Based Paints: Alkyd-Based Solvent Paints, Acrylic-Based Solvent Paints, Epoxy-Based Solvent Paints
3) By Water-Based Paints: Acrylic Water-Based Paints, Latex Water-Based Paints, Low-VOC Water-Based Paints
4) By Performance-Based Marking: High-Visibility Marking, Durable Marking Solutions, Specialized Marking for Extreme Conditions
5) By Thermoplastics: Pre-formed Thermoplastic Markings, Hot-Applied Thermoplastic Materials, Reflective Thermoplastic Markings
6) By Cold Plastics: Two-Component Cold Plastic Markings, High-Performance Cold Plastic Materials, Cold Plastic Temporary Markings
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Which geographical regions are pioneering growth in the road marking materials market?
Asia-Pacific was the largest region in the road marking materials market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the road marking materials market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the road marking materials market landscape?
Major companies operating in the road marking materials market include The Sherwin-Williams Company, Minnesota Mining and Manufacturing Company, Ennis Flint Inc., Evonik Industries AG, Geveko Marking UK Ltd., Hempel AS, Kelly Bros Ltd., Ozark Materials LLC, Sealmaster of Pennsylvania Inc., SWARCO Industries Inc., Automark Technologies Private Ltd., Asian Paints Ltd., Chemac Inc., DCC LANINO ROAD SAFETY PRIVATE LIMITED, Dow Chemical Company, Epoplex GmbH & Co. KG, Geveko Markings India Pvt. Ltd., Hitex International Group, Hi-Way Services Ltd., Kestrel Thermoplastics Limited, Crown Technology Inc., LANINO LLC, Liquid Plastics Limited, Nippon Paint (M) Sdn Bhd, Potters Industries LLC, RAE Products and Chemicals Corp., Roadmark Corporation, Viz Reflectives North America, 3M Co., Aximum SA, BASF SE, BASLER LACKE AG, BNKO Environmental Technology Co. Ltd., Crown US LLC, Dianal America Inc., Henkel Corp., NITTO DENKO CORPORATION, Permionics Membranes Private Limited, PPG Industries Ltd.
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What Is Covered In The Road Marking Materials Global Market Report?
•Market Size Forecast: Examine the road marking materials market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the road marking materials market for a structured understanding.
•Key Players Overview: Analyze major players in the road marking materials market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the road marking materials market.
•Segment Contributions: Evaluate how different segments drive overall growth in the road marking materials market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the road marking materials market.
•Industry Challenges: Identify potential risks and obstacles affecting the road marking materials market.
•Competitive Landscape: Review strategic developments in the road marking materials market, including expansions, agreements, and new product launches.
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