Traffic Marking Coatings Market is Forecasted to Reach US$ 1,385 million in 2027, Says Stratview Research

The global Traffic Marking Coatings Market is projected to witness a growth rate of 3.8% annually from 2022 to 2027, with an anticipated size of US$ 1,385 million in 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Traffic Marking Coatings Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/2992/traffic-marking-coatings-market.html#form

Report Highlights: `
Market Size in 2027: US$ 1,385 million
Growth (CAGR): 3.8% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Traffic Marking Coatings Market:
The global Traffic Marking Coatings Market is segmented resin type, technology type, application type, and Region

Based on resin type: The market is bifurcated into acrylics, alkyds, epoxy, and polyester. Acrylics remain the most preferred coating materials for traffic marking solutions in the foreseen future. Quick-drying technology is used in all-acrylic formulations to create durable, long-lasting traffic paints. They are also made to offer superior latex and paint stability. Other resins such as alkyds, dry up slowly and lack the hydrolytic stability or weatherability required for traffic marking. High solids latexes and styrene acrylic compounds with drying aids are also utilized.

Based on technology type: The market is segmented into solvent-borne coatings and water-borne coatings. Solvent-borne coatings remain the leading technology in traffic marking solutions. Solvent-borne pavement marking coatings are frequently employed on international highways.

Due to its quick drying time, while maintaining a good mix between performance, cost, and simplicity of application, it continues to be the preferred marking technology in lower conditions.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2992/traffic-marking-coatings-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis North America is expected to remain the largest market for traffic marking coatings over the forecast period. This growth outlook is majorly attributed to the following-
• The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
• In addition to that, the region is likely to witness healthy market growth in the coming years.
• The increased construction of residential and commercial infrastructure is helping to promote the use of traffic road marking paints. The existence of a substantial base of coatings and paint manufacturing is also projected to support regional prosperity.
• The traffic road marking coatings market expansion will be aided by strict traffic regulations.

Traffic Marking Coatings Market Drivers:
• With the introduction of a stricter code of conduct mandated by governments, there has been a decline in the demand for coatings.
• Furthermore, along with the disruption of the supply chain, the outbreak of the pandemic compelled the decision-makers to shift their focus entirely to health infrastructure slightly slackening the investments in road infrastructure.
• As a result of that, the demand for traffic marking coatings plummeted by over 9% in the year 2020.
• However, investment in road infrastructure remains the top priority of the leading countries, especially the developing economies. Along with new road construction, repair & maintenance is another key demand generator.
• High impacts and severe weather conditions are always hazards for roads, highways, and bridges.
• Therefore, it is necessary to regularly maintain the traffic marking lines and sign labels. Also, an increase in investment in smart street marking systems to promote road safety is creating new business opportunities.

Top 10 Companies in the Traffic Marking Coatings Market:
Stratview Research has identified the following companies as the top market players:
• 3M
• Ennis-Flint
• Geveko Markings
• Swarco AG
The Sherwin-Williams Company

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Traffic Marking Coatings Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Traffic Marking Solutions Market: https://www.stratviewresearch.com/3061/traffic-marking-solutions-market.html
• Acrylic Acid Market: https://www.stratviewresearch.com/3390/acrylic-acid-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.