Road Marking Materials Market - Rising Awareness about Road Safety to Drive Demand
The rising demand for environmentally neutral products is compelling leading companies in the market to include bio-based products in their product portfolios. To strengthen their foothold in the highly competitive market, companies are also focusing on geographical expansion to reach out to the vast consumer base in high-growth regions such as Asia Pacific.
Browse The Report: http://www.transparencymarketresearch.com/pressrelease/road-marking-materials-market.htm
Transparency Market Research states that the global road marking materials market, which had a valuation of US$3.50 bn in 2015, will exhibit a CAGR of 5.5% from 2016 to 2024 and rise to a valuation of US$5.66 bn by 2024.
Paint-based Road Marking Materials Continue to Hold Massive Share in Global Revenues
In terms of the types of materials used for road marking purposes, the segment of paint-based markings is presently the leading contributor of revenue to the global market, surpassing the segment of performance-based markings by a vast margin in 2015. Paint-based coatings are more preferred owing to their low costs and longer durability as compared to performance-based products. Geographically, the market for road marking materials in Asia Pacific accounted for the dominant 36% of the overall market in 2015, chiefly owing to the rising awareness about road and workplace safety and the extensive rise in road networks and infrastructure development projects.
Rising Awareness about Road Safety to Drive Demand
The rising awareness among public and government bodies about the vast benefits of road markings in reducing the total numbers of road accidents taking place every year across the globe is one of the key factors driving the market for road marking materials globally. Studies estimate that the presence of edge and center markings on roads can bring down the numbers of road accidents by at least 20%. The rising focus of government bodies on implementing road safety measures to reduce road accidents is driving the market for road marking materials and is expected to remain one of the key driving forces of the global market over the next few years as well.
Moreover, the rapid rise in infrastructure development projects, especially across emerging economies in regions such as Asia Pacific, is also expected to fuel the demand for road marking materials to a significant extent on a global front. Rising urbanization in countries such as India and China is leading to the vast expansion of road networks, enhancing the demand for road marking materials.
Fluctuating Raw Material Costs to Challenge Profit Margins
The market for road marking materials is projected to face the challenge of fluctuating costs of key raw materials such as resins, additives, and pigments, most of which are derived from crude oil, mostly resulting in reduced profit margins for manufacturers. The recent uncertainty faced by the global oil and gas industry has had vast negative implications on the growth rates of several associated industries. The scenario is also expected to hinder the growth prospects of the global road marking materials market to a certain extent.
Nevertheless, the scenario is also expected to open up growth opportunities in the field of cleaner, bio-based materials in the near future. Apart from the vast benefit gained from avoiding cost fluctuations in oil-based raw materials, bio-based road marking materials are also expected to be preferred in developed economies in regions which have strict VOC emission related regulations such as North America and Europe.
Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13655
This review of the global road marking materials market is based on a recent market research report published by Transparency Market Research, titled “Road Marking Materials Market (Type - Performance-based Markings and Paint-based Markings; Application - Airport Marking, Road Marking, Factory Marking, and Car Park Marking) - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Road Marking Materials Market - Rising Awareness about Road Safety to Drive Demand here
News-ID: 644458 • Views: 309
More Releases from Transparency Market Research
Digital BSS Market is Projected to Exhibit Growth at 11.9% CAGR by 2031- TMR Stu …
The global Digital BSS market is estimated to attain a valuation of US$ 9.6 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 11.9% during the forecast period, 2021-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of
GCC Condiment Sauces (for Hospitality Sector) Market Size is Expected to Be Valu …
The global GCC Condiment Sauces (for Hospitality Sector) market is estimated to attain a valuation of US$ 35.4 Bn by the end of 2032, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.8% during the forecast period, 2022-2032. The key objective of the TMR report is to offer a complete assessment of the global market including
Industrial Artificial Intelligence (AI) Market is Booming at A Cagr Of 20.6% to …
The global Industrial Artificial Intelligence [AI] market is estimated to attain a valuation of US$ 2.2 Trn Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 20.6% during the forecast period, 2022-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major
Sales of North America Potato Protein Market is Forecast to Expand at A CAGR of …
The global North America Potato Protein market is estimated to attain a valuation of US$ 41.0 Bn by the end of 2032, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.7% during the forecast period, 2022-2032. The key objective of the TMR report is to offer a complete assessment of the global market including major leading
More Releases for Marking
Line Marking Australia Offers Warehouse Line Marking For Safety Environment
Line Marking Australia offers you highly educated, competent, customer service-oriented staff who set the standard for all customers. Quality Dulux paint is used in all Line marking projects. With the best employees, they have proven to their clients that they are not a business that is will cut corners on the items that matter the most. When you avail services from them will be able to expect top-of-the-line services and
Road Marking Materials Market
The Road Marking Materials Market report has recently been added to Stratview Research’s offering. This report shows lucrative growth opportunities in the industry during the next five-year period and ensures more information regarding the market trends. The following summary will give an overview of the challenges, dynamics, and key market players. Road Marking Materials Market Forecast: Road Marking Materials market is likely to witness an impressive CAGR of 5.1% during the forecast
Road Marking Machine Market Ongoing Trends And Recent Developments: Hofmann GmbH …
The study on Road Marking Machine Market offers resources for potential use and historical knowledge of the global market. Market analysts have demonstrated SWOT inquiry, along with the key players' profile and various verticals. For example, the report displays on a global scene the import & exports, application, classification, concords, income, innovations, and rate of improvement in the projected time period from 2020–2028. The crucial data summed up is the
Coding and Marking Market Set to Surge Significantly During 2025 | Matthews Mark …
Global Coding and Marking Market: Overview The global market for coding and marking is projected to witness a steady growth in the next few years. As per the research study, the market is likely to register a 7% CAGR between 2017 and 2021. The rising demand for coding and packaging techniques from several industries, including cosmetic, food and beverage, pharmaceutical, and other industries. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=3395 The
Road Marking Paint Market Report 2018: Segmentation by Product (Thermoplastic Ma …
Global Road Marking Paint market research report provides company profile for Ennis Flint, Hempel, Geveko Markings, PPG Industries, Asian Paints PPG, SealMaster, 3M, Sherwin-Williams, Swarco AG, Nippon Paint and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018
Industrial Marking Equipment Global Market Research 2017-2022 Ernst Reiner GmbH …
Industrial Marking Equipment Market Research Report A market study based on the " Industrial Marking Equipment Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Industrial Marking Equipment Market 2017’. The research report analyses the historical as well as present performance of the worldwide Industrial Marking Equipment industry, and makes predictions on the future status of Industrial Marking Equipment market on the basis