Pavement Marking Materials Market is Forecasted to Reach US$ 3.7 billion in 2027, Says Stratview Research

The global Pavement Marking Materials Market is projected to witness a growth rate of 4.1% annually from 2022 to 2027, with an anticipated size of US$ 3.7 billion in 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Pavement Marking Materials 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/3884/pavement-marking-materials-market.html#form

Report Highlights: `
Market Size in 2027: US$ 3.7 billion
Growth (CAGR): 4.1% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Pavement Marking Materials Market:
The global Pavement Marking Materials Market is segmented Product Type, Application Type, & Region

Based on Product Type: The market is segmented into paints, thermoplastics, 2-components, and tapes. Globally, paints remain the most popular pavement marking material in the market, owing to their widescale usage in different regions. The USA, Canada, Brazil, South Africa, France, and Spain are among the major markets for pavement marking materials, which predominantly use paints.
The segment's growth over the forecast period would be driven by the development of low VOC solvent-based paints, increasing use of water-borne paints, and other features such as ease of application, low price, and quick application. Their ability to be applied in warm weather would also support the growth of the product over the forecast period.
However, thermoplastics are anticipated to grow at the fastest rate and surpass paints as the dominant product type. Thermoplastics are a more durable, cost-effective, and environmentally friendly alternative to VOC-emitting paints, and they are gradually replacing these paints. Furthermore, they have high reflectivity and are less expensive than tapes and two-component marking materials. Thermoplastics are applied by using numerous methods which include screeding, spraying, extrusion, etc.

Based on Application Type: The market is segmented into roads & highways, airport marking, parking lots, and others. The roads & highways segment is expected to remain the biggest demand generator for pavement marking materials during the forecast period. Pavement marking materials are used on streets and highways to display various types of markings such as longitudinal marking, transverse marking, hazard marking, block marking, an arrow marking, and directional marking. The expansion of the road network combined with a growing concern for road safety to reduce fatal accidents would accelerate the segment's growth in the coming years. Different materials are used for different types of applications. For instance, water-borne paint is preferred for airport marking, two-component materials are preferred for anti-skid markings, etc.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3884/pavement-marking-materials-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Asia-Pacific is expected to remain the largest and fastest-growing market for pavement marking materials during the forecast period. This growth outlook is majorly attributed to the following-
• China, India, Japan, and Australia are the major markets in the region that have a high usage of thermoplastic marking materials.
• Increasing demand for pavement marking materials in the region due to various government plans in the region such as China's National Highway Network Planning (2013-2030) to expand the Chinese road network, would create new revenue pockets for the market participants.
• The development of international corridors in the region to promote trade and tourism would further add a stir to the market demand.
• Increasing road networks and improving road connectivity in the region, as well as the growing focus of regional governments on road maintenance and repair, would spur regional market growth.
• Some global players, such as Geveko Marking and Ennis Flint, are continuously trying to expand their presence in the region to grab the growing opportunities in the region.

Pavement Marking Materials Market Drivers:
• The growth of the pavement marking materials market is driven by several key factors. The increasing focus on road safety and traffic management has led to higher demand for durable and highly visible marking materials.
• Government regulations and infrastructure development projects, including roadway expansions and maintenance initiatives, are also contributing to market growth.
• The rise in urbanization and the expansion of smart city projects have further boosted the adoption of advanced marking materials.
• Additionally, the increasing popularity of micro-mobility options, such as bicycles and electric scooters, has led to the development of dedicated lanes, increasing the demand for pavement markings.
• The shift toward sustainable and environmentally friendly marking materials, such as water-based and thermoplastic alternatives, is another key driver supporting market expansion.

Top 10 Companies in the Pavement Marking Materials Market:
Stratview Research has identified the following companies as the top market players:
• 3M
• Aximum S.A. (Colas Group)
• Ennis Flint, Inc. (PPG Industries, Inc.)
• Geveko Markings (The Solix Group AB Company)
• Kansai Helios
• Landscapus Inc.
• Nippon Paint
• SWARCO
• The Sherwin-Williams Company
• Zhejiang Tiancheng Transportation Technology Co., Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Pavement Marking Materials 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:
• High-Performance Pavement Marking Materials Market: https://www.stratviewresearch.com/3062/high-performance-pavement-marking-materials-market.html
• Traffic Marking Solutions Market: https://www.stratviewresearch.com/3061/traffic-marking-solutions-market.html

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