Quadintel published a recovery-based report for Global “Traffic Road Marking Coatings Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Global Traffic Road Marking Coatings Market is valued approximately USD 4.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2020-2027.
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Traffic road marking coatings are used on highways, zebra crossings, airport runways, parkings and other places to indicate people regarding safety and to instruct them at some places. Factors such as rising demand for public and private parking spaces, increasing number of road fatalities, introduction of temperature sensitive paints and increasing investments by the market players are expected to fuel the demand. For instance, in January 2019, Geveko Markings acquired Flexitherm Australia Pty. Ltd. to grow market share in the line of thermoplastic road markings and in 2020 they acquired Ole Peinture, a leading French road marking paint and safety material manufacturer. However, scarcity of raw materials impedes the growth of the market over the forecast period of 2020-2027. Also, increase in construction of car parkings due to construction of malls, supermarkets and hypermarkets is likely to increase the market growth during the forecast period.
Asia Pacific, North America, Europe, Latin America and Rest of the World are the regions taken into consideration for regional analysis of traffic road coatings market. Europe is the leading region across the world in terms of market share owing to safety measures, training and better surveillance on contractors. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as rising airport construction projects in the region, thus increasing the products demand to be used for coating airport runways, would create lucrative growth prospects for the Traffic Road Marking Coatings market across Asia-Pacific region.
Major market player included in this report are:
3M Company
Dow Chemical Company
Swarco AG
The Sherwin Williams Company
Geveko Markings
Ennis-Flint Inc.
Crown Technology, LLC
Vertex Safety Products Private Limited
K.M. Contractors Pvt. Ltd.
Automark Technologies (India) Pvt. Ltd.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Paint
Thermoplastic
Preformed Polymer
Epoxy
By Type:
Permanent
Removable
By Application:
Road Marking Lines
Road Marking Labels
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each types and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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