Traffic Road Marking Coatings Market Outlook, Revenue Growth Analysis to 2028

Traffic Road Marking Coatings Industry Overview

The global traffic road marking coatings market size was valued at USD 4.6 billion in 2020 and is projected to register a CAGR of 5.8% from 2021 to 2028.

Increased spending on infrastructural development for constructing new highways and focus on repair and maintenance operations are expected to be the key driving factors for the global market. The industry is not only associated with new road construction activities but also with existing maintenance businesses, which drives the demand for repainting.

The market has witnessed increasing investments in intelligent street marking systems and machines that help record the drivers’ speed, driving conditions, and temperature while communicating it to the vehicle’s sensor system. Paint is widely used for travel lanes, loading zone, and parking space markings. Thermoplastic coating, also known as hot melt marking, is gaining an advantage owing to its properties such as longevity and retro-reflectivity.

Gather more insights about the market drivers, restrains and growth of the Global Traffic Road Marking Coatings Market

U.S. traffic road marking coatings market

Preformed polymer tape is a cold-applied plastic sheet used for marking traffic lanes, crosswalks, and stop bars. Epoxy coating is a reliable and economical solution that consists of a pigmented resin base and a catalyst and is suitable for heavy-wheeled traffic. This coating is preferred over plastic material coatings since it is resistant to oil, gasoline, and transmission fluid and is cost-effective as well. Moreover, manufacturers are coming up with initiatives to develop temperature-sensitive paints, which can withstand adverse environmental conditions, such as snowfall and heavy rains.

Rising demand for traffic road marking coatings for public and private parking spaces is expected to boost the market growth. Regulatory bodies across the globe are continually formulating guidelines to improve road safety. While a well-established regulatory structure is already present in developed regions, such as North America and Europe, emerging economies are still working toward enhancing the framework to ensure road safety and maintenance.

Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.

  • Epoxy Coating MarketThe global epoxy coating market size was estimated at USD 21.52 billion in 2015, growing at a CAGR of 7.8% from 2016 to 2024. The market is expected to gain traction over the forecast period on account of rising demand from paints and coatings industry owing to improved durability and superior toughness.
  • Transmission Fluids Market The global transmission fluids market size was valued at USD 10.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027.

Traffic Road Marking Coatings Market Segmentation

Grand View Research has segmented the global traffic road marking coatings market on the basis of product, type, application, and region: 

  • Traffic Road Marking Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
    • Paint
    • Thermoplastic
    • Preformed Polymer Tape
    • Epoxy 
  • Traffic Road Marking Coatings Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
    • Permanent
    • Removable 
  • Traffic Road Marking Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
    • Road Marking Lines
    • Road Marking Labels
  • Traffic Road Marking Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East and Africa 

Market Share Insights

  • November 2020: The Union Cabinet of the Indian government approved investments worth INR 6,000 crores equity in the debt policy of the National Infrastructure Investment Fund for the next 2 years to augment infrastructure development.

Key Companies profiled:

Some prominent players in the global traffic road marking coatings market include

  • AutoMark Technologies (India) Pvt. Ltd.
  • Sherwin-Williams Company
  • Asian Paints PPG Pvt. Ltd.
  • Geveko Markings
  • Ennis Flint, Inc.
  • Crown Techno
  • Dow Inc.
  • 3M Company
  • Swarco

Order a free sample PDF of the Traffic Road Marking Coatings Market Intelligence Study, published by Grand View Research.

Traffic Road Marking Coatings Industry Overview The global traffic road marking coatings market size was valued at USD 4.6 billion in 2020 and is projected to register a CAGR of 5.8% from 2021 to 2028. Increased spending on infrastructural development for constructing new highways and focus on repair and maintenance operations are expected to be…

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