The Road Marking Materials Market size is estimated at USD 7.02 billion in 2024, and is expected to reach USD 8.63 billion by 2029, growing at a CAGR of 4.20% during the forecast period (2024-2029).
The market was negatively impacted due to the COVID-19 pandemic in 2020 due to strict lockdown measures across major cities that suspended road construction activities. However, the sector is recovering well since restrictions were lifted. Increased spending on road safety, new project launches, and rising demand from the infrastructure sector all led to the market recovery over the last two years.
The road marking materials market is partially fragmented in nature. Some major companies in the market include The Sherwin-Williams Company, PPG Industries, Helios TBLUS d.o.o., BASLER LACKE AG, and Ingevity (not in any particular order).
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