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Infrastructure Growth In Emerging Economies Boosts Road Marking Materials Market: A Significant Driver Propelling The Road Marking Materials Market In 2025
Road Marking Materials
What Is the Road Marking Materials Market Size and Projected Growth Rate?
In the recent past, the market size for road marking materials has experienced robust growth. The market value is projected to rise from $6.38 billion in 2024 to $6.85 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The significant growth in the past can be credited to factors such as road safety rules, expansion in transportation infrastructure, urbanization and population increase, maintenance and renovation initiatives, technological progress in road marking materials, and environmental issues.
It is predicted that the market size for road marking materials will experience a solid surge in growth in the upcoming years, escalating to a value of $9.37 billion by 2029, with a compound annual growth rate (CAGR) of 8.1%. The growth during the predicted period can be associated with the development and use of intelligent road marking materials for autonomous vehicles, reflective and highly visible road markings, along with sustainable and eco-friendly marking materials. Another contributing factor includes the integration of internet of things (IoT) into road markings, the use of advanced weather-resistant materials, and customized markings for managing traffic. The primary trends expected during the forecast period include the utilization of solar-powered road markings for improving energy efficiency, the introduction of 3D and interactive road markings, materials that prevent skidding and icing, dynamic lane markings for enhanced traffic management, the use of RFID-based road markings for smart tolling, and implementing augmented reality navigation through road markings.
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What Are the Major Segments in the Road Marking Materials Market?
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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What Are The Driving Road Marking Materials Market Evolution?
The expansion of the road marking materials market is likely to be fueled by the evolution of new infrastructure and roadway projects in developing countries. The rise in road projects necessitates heightened passenger safety, which in turn boosts the demand for road marking materials. For instance, a significant investment plan of £164 billion for major infrastructure and construction projects for 2024/25 was announced in February 2024 by the UK-based government agency, the Infrastructure and Projects Authority. This investment surpasses that of 2023/24, indicating sturdy economic growth. In the forthcoming decade, the total anticipated investment is predicted to range from £700 billion to £775 billion. Consequently, the growth of the road marking materials market is being spurred by these new infrastructure and roadway undertakings in developing economies.
Which Firms Dominate The Road Marking Materials Market Segments?
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.
What Trends Are Expected to Dominate the Road Marking Materials Market in the Next 5 Years?
The introduction of innovative technologies is increasingly becoming a significant trend in the road marking materials industry. For instance, Röhm GmbH, a chemical company based in Germany, introduced DEGAROUTE proTerra 100 in April 2022. This is a newer and greener binder used for cold plastic road markings. DEGAROUTE proTerra 100, with its 30% recycled PMMA composition, manages to have a carbon footprint that is approximately 20% less than similar materials made from virgin raw materials. DEGAROUTE-based road markings are reactive and eliminate the need for solvents. Moreover, they hardly ever discharge volatile organic compounds (VOC), and their application doesn't require external heat.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Road Marking Materials Market?
2. What is the CAGR expected in the Road Marking Materials Market?
3. What Are the Key Innovations Transforming the Road Marking Materials Industry?
4. Which Region Is Leading the Road Marking Materials Market?
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