Road Marking Paints and Coatings Market Size- By Material Type, By Marking Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Road Marking Paints and Coatings Market Introduction and Overview
According to SPER Market Research, ‘Road Marking Paints and Coatings Market Size- By Material Type, By Marking Type, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Road Marking Paints and Coatings Market is estimated to reach USD 12.99 billion by 2033 with a CAGR of 6.47%.
Pigments, binders, and solvents are the three essential components of road marking paints and coatings. These are often available in a variety of forms, including water-based, solvent-based, thermoplastic, and others. It is utilized in various colors according to the uses that vary by location to identify loading zones, travel lanes, and special purpose areas for handicapped parking, time-restricted parking, etc. Since reflective mats make it easier for drivers to drive on the road in low visibility, road marking paints and coatings have become more and more popular.
The COVID-19 pandemic has significantly impacted the growth of the global market for paints and coatings used for road markings. Projects to build infrastructure and implement stringent social separation measures were momentarily halted by lockdowns imposed by multiple governments. As a result, work on roads and highways was postponed or delayed. The need for road marking materials in the transportation and infrastructure sectors declined dramatically over this period.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Material Type, By Marking Type, By Application
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies CoveredSherwin Williams Company, Asian Paints PPG, Pidilite Industries, Helios Road Markings, Berger paints, US Specialty Coatings, Aexcel Corporation, Fleet Line Markers Ltd., Nippon Paints, Crown USA Inc. and others.
Road Marking Paints and Coatings Market Segmentation
By Material Type:Based on the Material Type, Global Road Marking Paints and Coatings Market is segmented as; Marking Tape, Thermoplastics, Cold Plastics, Paint-Based Markings, Solvent-borne Markings, Water-borne Markings, 2-Component Epoxy, Others.
By Application:Based on the Application, Global Road Marking Paints and Coatings Market is segmented as; Road and Highway Marking, Pavement Marking, Parking Lot Marking, Factory Marking, Airport Marking, Field Marking, Others.
By Region:This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.