Press release
Road Marking Materials Market In-Depth Analysis, Key Players, Major Players And Forecast 2033
The road marking materials market size has grown strongly in recent years. It will grow from $5.96 billion in 2023 to $6.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to road safety regulations, growth in transportation infrastructure, urbanization and population growth, maintenance and refurbishment projects, technological advancements in road marking materials, environmental concerns.
The road marking materials market size is expected to see strong growth in the next few years. It will grow to $8.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to smart road marking materials for autonomous vehicles, reflective and high-visibility road markings, sustainable and eco-friendly road marking materials, integration of iot in road markings, advanced weather-resistant materials, customized road markings for traffic management. Major trends in the forecast period include solar-powered road markings for energy efficiency, 3d and interactive road markings, anti-skid and anti-icing road marking materials, dynamic lane markings for traffic management, rfid-based road marking for smart tolling, augmented reality navigation through road markings.
Market Overview -
The road marking materials refer to any sort of material that is used on a road surface so as to provide authoritative information and convey clear and understandable information to travellers about the roadway alignment and vehicle positioning. Road marking materials are developed for durability, safety, and aesthetics for traffic control, positive guidance, and communication warnings. In addition, road markings are standardized to avoid driveway confusion and enhance road safety.
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Infrastructure Growth In Emerging Economies Boosts Road Marking Materials Market
The new infrastructure and roadway projects in emerging economies are expected to propel the growth of the road marking materials market. With the increase in road projects, the safety of passengers would become more important, driving the consumption of road marking materials. For instance, according to the IBEF (India Brand Equity Foundation), the government of India has allocated $14.85 billion to the Ministry of Road Transport and Highways in the Union Budget 2021-22. Also, according to Refinitive, an American-British provider of financial market and infrastructure, in China, the value of belt and road projects exceeded $4 trillion. Therefore, new infrastructure and roadway projects in emerging economies are driving the growth of the road marking materials market.
Competitive Landscape -
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.
Technological Advancements Drive Innovation In Road Marking Materials
Technological advancements are a key trend gaining popularity in the road marking materials market. For instance, in April 2022, Röhm GmbH, a Germany-based chemicals company, launched DEGAROUTE proTerra 100, a new, more environmentally friendly binder for cold plastic road markings. DEGAROUTE proTerra 100 has a carbon footprint that is roughly 20% lower than equivalent materials generated from virgin raw materials because it is constructed with 30% recycled PMMA. Road markings made using DEGAROUTE are reactive, solvent-free systems. They nearly never release volatile organic compounds (VOC), and their use doesn't call for the addition of outside heat.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/road-marking-materials-global-market-report
Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The road marking materials market size is expected to see strong growth in the next few years. It will grow to $8.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to smart road marking materials for autonomous vehicles, reflective and high-visibility road markings, sustainable and eco-friendly road marking materials, integration of iot in road markings, advanced weather-resistant materials, customized road markings for traffic management. Major trends in the forecast period include solar-powered road markings for energy efficiency, 3d and interactive road markings, anti-skid and anti-icing road marking materials, dynamic lane markings for traffic management, rfid-based road marking for smart tolling, augmented reality navigation through road markings.
Market Overview -
The road marking materials refer to any sort of material that is used on a road surface so as to provide authoritative information and convey clear and understandable information to travellers about the roadway alignment and vehicle positioning. Road marking materials are developed for durability, safety, and aesthetics for traffic control, positive guidance, and communication warnings. In addition, road markings are standardized to avoid driveway confusion and enhance road safety.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6006&type=smp
Infrastructure Growth In Emerging Economies Boosts Road Marking Materials Market
The new infrastructure and roadway projects in emerging economies are expected to propel the growth of the road marking materials market. With the increase in road projects, the safety of passengers would become more important, driving the consumption of road marking materials. For instance, according to the IBEF (India Brand Equity Foundation), the government of India has allocated $14.85 billion to the Ministry of Road Transport and Highways in the Union Budget 2021-22. Also, according to Refinitive, an American-British provider of financial market and infrastructure, in China, the value of belt and road projects exceeded $4 trillion. Therefore, new infrastructure and roadway projects in emerging economies are driving the growth of the road marking materials market.
Competitive Landscape -
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.
Technological Advancements Drive Innovation In Road Marking Materials
Technological advancements are a key trend gaining popularity in the road marking materials market. For instance, in April 2022, Röhm GmbH, a Germany-based chemicals company, launched DEGAROUTE proTerra 100, a new, more environmentally friendly binder for cold plastic road markings. DEGAROUTE proTerra 100 has a carbon footprint that is roughly 20% lower than equivalent materials generated from virgin raw materials because it is constructed with 30% recycled PMMA. Road markings made using DEGAROUTE are reactive, solvent-free systems. They nearly never release volatile organic compounds (VOC), and their use doesn't call for the addition of outside heat.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/road-marking-materials-global-market-report
Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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