Traffic Road Marking Coatings Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	140 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185578

Best Price Guarantee
Price	from $4,850
Length	140 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185578

Traffic Road Marking Coatings Market

Growth Factors of Traffic Road Marking Coatings Market

The traffic road marking coatings market size was valued at USD 6.89 billion in 2023, and the market is now projected to grow from USD 7.18 billion in 2024 to USD 9.78 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period of 2024-2032.

Globalization was disrupted through the closure of organizations’ operations, and manufacturing industries with an implication on the construction end-use sector due to the COVID-19 impact. The exit of the migrant labor and the informal workers broke the chain of production and limited the availability of human resource. This has resulted to traffic road marking coating demand significantly coming down in the year 2020. This market is however expected to rebound as construction projects start again in the post COVID-19 period.

There is a growing demand for traffic safety products especially the road markings resulting from improved awareness of road safety. Important avoidance measures are the installation of signboards, signals, and traffic calming measures to avoid terrible accidents. As the major means of transport, roads poses pedestrians, cyclist, and drivers to possible accidents hence the need for improvement in safety. With the improvement carried out toward the motor ways including cycle tracks, rumble strips as well as safe crossing points have made traffic road marking coatings popular.

Waterborne coatings do not use any solvent other than water and as such they are environmentally friendly with very low VOC. They are characterized by high bond strength, resistance to rusting, and durability under varying weather conditions hence widely used in different fields. They have low environmental effects due to their high-water content and still they afford to offer a very high rub resistance and high gloss too. Higher market penetration is being witnessed due to regulation and legislations compliant and their enhanced functional attributes thereby expanding the market demand.

Comprehensive Analysis of Traffic Road Marking Coatings Market

The traffic road marking coatings market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by product analysis, and by application analysis. By product analysis include water-based coatings, solvent-based coatings, and thermoplastic coatings. By application analysis include roads & highways, airports, parking lots, and others.

The Asia Pacific region lead the traffic road marking coatings market share by benefitting a market size of USD 2.75 billion in 2023 due to Increasing constructional activities in the public as well as the private sector.

The top players in the markets have a central responsibility in the chemicals & advanced materials industry to be sure of industrial prospectus development and to establish the market norms. These players include, Sherwin-Williams Company, Dulux Protective Coatings, Rua Seguridad, Berger Paints, Geveko Markings, 3M, Langfang Tenroads Glass Products Co., Ltd., Resincoat Ltd, Asian Paints Ltd. these market players provide a level-playing competitive landscape.

In August 2023, Traffic and Parking Control Company, Inc. (TAPCO) launched VizMark, a new pavement marking product for various road applications.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 3.9% during 2024-2032

Unit Value (USD Billion) and Volume (Kiloton)

Segmentation By Product

- Water-Based Coatings

- Solvent-Based Coatings

- Thermoplastic Coatings

By Application

- Roads & Highways

- Airports

- Parking Lots

- Others

By Region

- North America (By Type, By Application, By Country)

U.S. (By Product)
Canada (By Product)

- Europe (By Type, By Application, By Country)

Germany (By Product)
U.K. (By Product)
France (By Product)
Italy (By Product)
Rest of Europe (By Product)

- Asia Pacific (By Type, By Application, By Country)

China (By Product)
Japan (By Product)
India (By Product)
Rest of Asia Pacific (By Product)

- Latin America (By Type, By Application, By Country)

Brazil (By Product)
Mexico (By Product)
Rest of Latin America (By Product)

- Middle East & Africa (By Type, By Application, By Country)

GCC (By Product)
South Africa (By Product)
Rest of Middle East & Africa (By Product)

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Emerging Trends – For Major Regions; 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.; 4.3. Latest Technological Advancement; 4.4. Insights on Sustainability; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID-19 on the Market
5. Global Traffic Road Marking Coatings Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Product (Volume/Value); 5.2.1. Water-Based Coatings; 5.2.2. Solvent-Based Coatings; 5.2.3. Thermoplastic Coatings; 5.3. By Application (Volume/Value); 5.3.1. Road & Highways; 5.3.2. Airports; 5.3.3. Parking Lots; 5.3.4. Others; 5.4. By Region (Volume/Value); 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. Latin America; 5.4.5. Middle East & Africa
6. North America Traffic Road Marking Coatings Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Product (Volume/Value); 6.2.1. Water-Based Coatings; 6.2.2. Solvent-Based Coatings; 6.2.3. Thermoplastic Coatings; 6.3. By Application (Volume/Value); 6.3.1. Road & Highways; 6.3.2. Airports; 6.3.3. Parking Lots; 6.3.4. Others; 6.4. By Country (Volume/Value); 6.4.1. U.S.; 6.4.1.1. By Product (Volume/Value); 6.4.1.1.1. Water-Based Coatings; 6.4.1.1.2. Solvent-Based Coatings; 6.4.1.1.3. Thermoplastic Coatings; 6.4.2. Canada; 6.4.2.1. By Product (Volume/Value); 6.4.2.1.1. Water-Based Coatings; 6.4.2.1.2. Solvent-Based Coatings; 6.4.2.1.3. Thermoplastic Coatings
7. Europe Traffic Road Marking Coatings Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Product (Volume/Value); 7.2.1. Water-Based Coatings; 7.2.2. Solvent-Based Coatings; 7.2.3. Thermoplastic Coatings; 7.3. By Application (Volume/Value); 7.3.1. Road & Highways; 7.3.2. Airports; 7.3.3. Parking Lots; 7.3.4. Others; 7.4. By Country (Volume/Value); 7.4.1. Germany; 7.4.1.1. By Product (Volume/Value); 7.4.1.1.1. Water-Based Coatings; 7.4.1.1.2. Solvent-Based Coatings; 7.4.1.1.3. Thermoplastic Coatings; 7.4.2. U.K.; 7.4.2.1. By Product (Volume/Value); 7.4.2.1.1. Water-Based Coatings; 7.4.2.1.2. Solvent-Based Coatings; 7.4.2.1.3. Thermoplastic Coatings; 7.4.3. France; 7.4.3.1. By Product (Volume/Value); 7.4.3.1.1. Water-Based Coatings; 7.4.3.1.2. Solvent-Based Coatings; 7.4.3.1.3. Thermoplastic Coatings; 7.4.4. Italy; 7.4.4.1. By Product (Volume/Value); 7.4.4.1.1. Water-Based Coatings; 7.4.4.1.2. Solvent-Based Coatings; 7.4.4.1.3. Thermoplastic Coatings; 7.4.5. Rest of Europe; 7.4.5.1. By Product (Volume/Value); 7.4.5.1.1. Water-Based Coatings; 7.4.5.1.2. Solvent-Based Coatings; 7.4.5.1.3. Thermoplastic Coatings
8. Asia-Pacific Traffic Road Marking Coatings Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Product (Volume/Value); 8.2.1. Water-Based Coatings; 8.2.2. Solvent-Based Coatings; 8.2.3. Thermoplastic Coatings; 8.3. By Application (Volume/Value); 8.3.1. Road & Highways; 8.3.2. Airports; 8.3.3. Parking Lots; 8.3.4. Others; 8.4. By Country (Volume/Value); 8.4.1. China; 8.4.1.1. By Product (Volume/Value); 8.4.1.1.1. Water-Based Coatings; 8.4.1.1.2. Solvent-Based Coatings; 8.4.1.1.3. Thermoplastic Coatings; 8.4.2. Japan; 8.4.2.1. By Product (Volume/Value); 8.4.2.1.1. Water-Based Coatings; 8.4.2.1.2. Solvent-Based Coatings; 8.4.2.1.3. Thermoplastic Coatings; 8.4.3. India; 8.4.3.1. By Product (Volume/Value); 8.4.3.1.1. Water-Based Coatings; 8.4.3.1.2. Solvent-Based Coatings; 8.4.3.1.3. Thermoplastic Coatings; 8.4.4. Rest of Asia Pacific; 8.4.4.1. By Product (Volume/Value); 8.4.4.1.1. Water-Based Coatings; 8.4.4.1.2. Solvent-Based Coatings; 8.4.4.1.3. Thermoplastic Coatings
9. Latin America Traffic Road Marking Coatings Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Product (Volume/Value); 9.2.1. Water-Based Coatings; 9.2.2. Solvent-Based Coatings; 9.2.3. Thermoplastic Coatings; 9.3. By Application (Volume/Value); 9.3.1. Road & Highways; 9.3.2. Airports; 9.3.3. Parking Lots; 9.3.4. Others; 9.4. By Country (Volume/Value); 9.4.1. Brazil; 9.4.1.1. By Product (Volume/Value); 9.4.1.1.1. Water-Based Coatings; 9.4.1.1.2. Solvent-Based Coatings; 9.4.1.1.3. Thermoplastic Coatings; 9.4.2. Mexico; 9.4.2.1. By Product (Volume/Value); 9.4.2.1.1. Water-Based Coatings; 9.4.2.1.2. Solvent-Based Coatings; 9.4.2.1.3. Thermoplastic Coatings; 9.4.3. Rest of Latin America; 9.4.3.1. By Product (Volume/Value); 9.4.3.1.1. Water-Based Coatings; 9.4.3.1.2. Solvent-Based Coatings; 9.4.3.1.3. Thermoplastic Coatings
10. Middle East & Africa Traffic Road Marking Coatings Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Product (Volume/Value); 10.2.1. Water-Based Coatings; 10.2.2. Solvent-Based Coatings; 10.2.3. Thermoplastic Coatings; 10.2.4. Others; 10.3. By Application (Volume/Value); 10.3.1. Road & Highways; 10.3.2. Airports; 10.3.3. Parking Lots; 10.3.4. Others; 10.4. By Country (Volume/Value); 10.4.1. GCC; 10.4.1.1. By Product (Volume/Value); 10.4.1.1.1. Water-Based Coatings; 10.4.1.1.2. Solvent-Based Coatings; 10.4.1.1.3. Thermoplastic Coatings; 10.4.2. South Africa; 10.4.2.1. By Product (Volume/Value); 10.4.2.1.1. Water-Based Coatings; 10.4.2.1.2. Solvent-Based Coatings; 10.4.2.1.3. Thermoplastic Coatings; 10.4.3. Rest of Middle East & Africa; 10.4.3.1. By Product (Volume/Value); 10.4.3.1.1. Water-Based Coatings; 10.4.3.1.2. Solvent-Based Coatings; 10.4.3.1.3. Thermoplastic Coatings
11. Competitive Analysis: 11.1. Global Market Share/Ranking Analysis, By Key Manufacturer; 11.2. Company Profiles; 11.2.1. Sherwin-Williams Company; 11.2.1.1. Overview; 11.2.1.2. Description; 11.2.1.3. Product Portfolio; 11.2.1.4. Financials (As per Availaibity); 11.2.1.5. Recent Developments; 11.2.2. Dulux Protective Coatings; 11.2.2.1. Overview; 11.2.2.2. Description; 11.2.2.3. Product Portfolio; 11.2.2.4. Financials (As per Availaibity); 11.2.2.5. Recent Developments; 11.2.3. Rua Seguridad; 11.2.3.1. Overview; 11.2.3.2. Description; 11.2.3.3. Product Portfolio; 11.2.3.4. Financials (As per Availaibity); 11.2.3.5. Recent Developments; 11.2.4. Berger Paints; 11.2.4.1. Overview; 11.2.4.2. Description; 11.2.4.3. Product Portfolio; 11.2.4.4. Financials (As per Availaibity); 11.2.4.5. Recent Developments; 11.2.5. Geveko Markings; 11.2.5.1. Overview; 11.2.5.2. Description; 11.2.5.3. Product Portfolio; 11.2.5.4. Financials (As per Availaibity); 11.2.5.5. Recent Developments; 11.2.6. 3M; 11.2.6.1. Overview; 11.2.6.2. Description; 11.2.6.3. Product Portfolio; 11.2.6.4. Financials (As per Availaibity); 11.2.6.5. Recent Developments; 11.2.7. Langfang Tenroads Glass Products Co., Ltd.; 11.2.7.1. Overview; 11.2.7.2. Description; 11.2.7.3. Product Portfolio; 11.2.7.4. Financials (As per Availaibity); 11.2.7.5. Recent Developments; 11.2.8. Resincoat Ltd; 11.2.8.1. Overview; 11.2.8.2. Description; 11.2.8.3. Product Portfolio; 11.2.8.4. Financials (As per Availaibity); 11.2.8.5. Recent Developments; 11.2.9. Asian Paints Ltd.; 11.2.9.1. Overview; 11.2.9.2. Description; 11.2.9.3. Product Portfolio; 11.2.9.4. Financials (As per Availaibity); 11.2.9.5. Recent Developments
12. Strategic Recommendations