Traffic road marking coatings play a vital role in maintaining the road safety, especially in four and six-lane highways. The coatings help ensure the smooth movement of traffic, thereby reducing the number of road accidents. These coatings are easy-to-apply, UV resistant, non-toxic, environment-friendly, and corrosion resistant. Apart from traffic guidance, traffic road marking coatings also act as a tool for warning, controlling, and providing information to drivers.
The growth and economic development of a country highly rely on road and transportation. The need for constant maintenance of these roads is also increasing because they are considered as one of the most crucial public assets. This in turn, will result in an increased demand for road line marking and traffic road marking coatings. The increasing number of new road constructions will be one of the primary growth drivers for the global traffic road marking coatings market till 2023. The increasing number of newly constructed roads improve access to schools, markets, and hospitals. It also enhances the safety, level of comfort, and lower the vehicle operating costs. This in turn, will reduce the number of road accidents.
The traffic road marking coatings market is witnessing growth in the APAC region due to the growth in infrastructure in emerging economies like India and China. The need for traffic road marking coatings in the region will increase in the forthcoming years due to the rising middle-class population, high disposable income, and rise in employment. The increasing highway building activities will further drive the market’s growth in APAC.
The global Traffic Road Marking Coatings market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Traffic Road Marking Coatings volume and value at global level, regional level and company level. From a global perspective, this report represents overall Traffic Road Marking Coatings market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Traffic Road Marking Coatings in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Traffic Road Marking Coatings manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Geveko Markings
LANINO
Dow Chemical Company
Sherwin-Williams Company
Asian Paints
Crown Technologies
Nippon Paint Holdings
SealMaster
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Paint
Thermoplastic
Preformed Polymer Tape
Epoxy
Segment by Application
Urban Road
Expressway
Others
Summary:
Get latest Market Research Reports on Traffic Road Marking Coatings. Industry analysis & Market Report on Traffic Road Marking Coatings is a syndicated market report, published as Global Traffic Road Marking Coatings Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Traffic Road Marking Coatings market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.