Traffic Road Marking Coatings Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3817
Traffic Road Marking Coatings Market size is anticipated to grow steadily in the forecast timespan owing to rising safety concerns. The product helps to maintain safety and ensures smooth traffic flow by providing easily visible direction signs. Rising road safety concerns to minimise accidents will positively impact market growth.
Paint based traffic road marking coatings market size is forecasted to witness significant gains at the end of 2025. The product owing to good adhesion and waterproof characteristics are widely used for marking traffic roads. Increasing expenditure on infrastructure development for repairing and constructing new highways will foster product demand which in turn would fortify industry growth.
Thermoplastic based traffic road marking coatings market size is forecasted to seek moderate growth at the end of 2025. Road marking materials industry is projected to witness substantial gains over 5% by 2023. Thermoplastic coatings owing to wear resistant, bright, and reflective properties has application for anti-skid areas & pedestrian crossings and walkways. Stringent road safety standard and laws will foster pedestrian crossing coatings utilization which will enhance product demand.
Preformed polymer tape-based traffic road marking coatings market is forecasted to witness significant gains in the estimated time period. The product is available in removable and permanents forms. The product has reflective beads and is utilized as a durable roadway surface marking material. Increasing preformed polymer tapes demand to reduce VOC emissions from paints will fortify industry growth.
Epoxy based traffic road marking coatings market is forecasted to witness significant gains at the end of 2025. The product owing to fast curing and high cohesive properties is utilized to stripe durable, tough, and reflective traffic road lines. It is used to coat highways, expressways, and parking garages. Rising epoxy-based coatings demand to improve street security globally will have a positive impact on industry growth.
Global traffic road marking coatings market size from car park marking application is forecasted to witness substantial gains by 2025. The product owing to good visual appearance and light reflectivity is used for coating car parking area and garages. Increasing development of retail buildings including malls, hypermarkets, and supermarkets will fortify car parking space construction which will foster product demand.
Global traffic road marking coatings market from airport marking application is forecasted to witness substantial gains at the end of 2025. The product due to good retro reflectivity & weather resistant properties is used for marking airport runways to prevent runway mishaps and excursions. Increasing air travel owing to rising disposable incomes globally will foster aerospace industry growth. These factors will boost airport runway coatings demand which may amplify market size.
North America led by Canada, Mexico, and the U.S. traffic road marking coatings market size is projected to grow by 2025 due to rising highway construction in the region. Highway and road construction market size is anticipated to grow at USD 95 billion by 2021. The product owing to good cohesive properties is used for marking highways and roads. These factors will foster product demand in the region.
Paints are considered as major source of volatile organic compounds (VOC) emissions which impacts the environment negatively. Strict regulations for controlling VOC emissions in the atmosphere may impact market profitability and industry price trends. However, growing R & D activities to manufacture low VOC content coatings may foster industry growth.
Europe driven by UK, Spain, Italy, France and Germany traffic road marking coatings market size is projected to amplify at the end of 2025. The product owing to good adhesion on concrete and asphalt substrates is utilized for marking factory markings. Increasing factory markings demand for maintaining safety at workplace will have a positive impact on market growth.
Asia Pacific market led by South Korea, Japan, India and China market is projected to witness significant gains by 2025 owing to rising airport construction projects in the region. Asia Pacific is anticipated to invest USD 150 billion in new airport projects in the forecasted timespan. The product due to tough nature and stress resistant properties is used for coating airport runways. These factors will fortify airport marking coatings demand thereby, increasing industry growth.
Global traffic road marking coatings market share is moderately fragmented with major players includig Crown Technologies, Ennis-Flint, Geveko Markings, Monarch Industrial Product (I) Pvt Ltd, Swarco AG, and US specialty coatings. Manufacturers are targeting on expansion by executing strategic alliance, joint ventures, and mergers & acquisitions owing to rising product applications in airport and factory marking sectors which may stimulate market growth.
Traffic Road Marking Coatings Market, By Product, 2014-2025 (Kilo Tons) (USD Million)
- Preformed Polymer Tape
Traffic Road Marking Coatings Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Road marking
- Car Park marking
- Factory marking
- Airport marking
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa
- Crown Technologies
- Geveko Markings
- Monarch Industrial Product (I) Pvt Ltd
- Swarco AG
- US specialty coatings
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