Traffic Road Marking Coatings Industry: Worldwide Outlook to 2025; Anticipating a CAGR of 5% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 10, 2019--The “Traffic Road Marking Coatings Market Size, Share & Trends Analysis Report By Product (Paint, Thermoplastic, Preformed Polymer Tape, Epoxy), By Region (Asia Pacific, North America, Europe, MEA), And Segment Forecasts, 2019 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The global traffic road marking coatings market size is likely to reach USD 6.3 billion by 2025 at a CAGR of 5%, according to this report.
Technological advancement is an important factor for market growth as countries are becoming more concerned about public health and safety. Growing environmental concerns are driving the need for greener products in a bid to promote a healthy environment.
Paints are regarded as a major source of harmful VOC emissions. This has resulted in the development of thermoplastic coatings and other eco-friendly alternatives. Rising cases of road fatalities is another primary concern, which is forcing regional governments to invest in technological development to ensure highway safety and maintenance. There is a need for technological development to deal with such issues efficiently and improve the global economic condition as well.
Manufacturers are taking initiatives to develop innovative marking systems and temperature-sensitive paints, which, in turn, is boosting the market growth. Various initiatives to improve road safety and maintenance and prevent accidents are expected to influence the overall market positively.
Key manufacturers in this market include Automark Technologies Sherwin-Williams Company, Geveko Markings, Ennis-Flint, Crown Technologies, and Swarco AG.
Further key findings from the study suggest:
- Thermoplastic coatings emerged as the fastest-growing product segment over the forecast period.
- Thermoplastic markings are applied in a thick/built up layer to create rumble strips. This coating sets quickly and will adhere strongly to the surface.
- In terms of volume, paint was the largest segment in 2018 with a market share of around 44.30% and is likely to maintain the dominance in future.
- Asia Pacific is expected to emerge as the fastest-growing regional market during the forecast years.
- In North America, the Government has rolled out initiatives to enhance road infrastructure and encourage the development of durable, high-performance products with enhanced visibility and skid resistance.
Key Topics Covered
Chapter 1 Methodology and Scope
1.1. Information Procurement
1.2. Information Analysis
1.3. Market Formulation & Data Visualization
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Traffic Road Marking Coatings Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Technology Trends
3.5. Regulatory Framework
3.6. Market Dynamics
3.7. Business Environment Analysis: Traffic Road Marking Coatings Market
3.8. Pestel Analysis
Chapter 4. Traffic Road Marking Coatings Market: Product Type Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2019 & 2025
4.4. Preformed Polymer Tape
Chapter 5. Traffic Road Marking Coatings Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2019 & 2025
5.2. Road Marking Lines
5.3. Road Marking Labels
Chapter 6. Traffic Road Marking Coatings Market: Regional Estimates & Trend Analysis, by Application
6.1. Regional Movement Analysis & Market Share, 2019 & 2025
6.2. North America
6.4. Asia Pacific
6.5. Central & South America
6.6. Middle East & Africa
Chapter 7. Competitive Landscape
7.1. Key Global Players & Recent Developments & Their Impact on the Industry
7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3. Vendor Landscape
7.4. Public Companies
7.6. Private Companies
Chapter 8. Company Profiles
8.1. 3M Company
8.2. Dow Chemical Company
8.3. Swarco AG
8.5. Geveko Markings
8.6. Ennis Flint
8.7. Crown Technology LLC
8.8. Vertex Group
8.9. K.M. Contractors Pvt. Ltd.
8.10. Automark Technologies (India) Pvt. Ltd.
8.11. Asian Paints PPG Pvt. Ltd.
8.12. Surya Min Chem
8.13. Kestrels Thermoplastics Ltd.
8.14. Seal Master
8.15. Lanino Road Marking Products
For more information about this report visit https://www.researchandmarkets.com/r/bl2guc
View source version on businesswire.com:https://www.businesswire.com/news/home/20190410005547/en/
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Related Topics:Paints and Coatings
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 04/10/2019 09:43 AM/DISC: 04/10/2019 09:43 AM