The Worldwide Market for Road Marking Materials, 2019-2023 - New Infrastructure and Roadway Projects in Emerging Economies Drives Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 25, 2019--The “Road Marking Materials Market by Type (Performance-Based Markings And Paint-Based Markings), Application (Road & Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, Antiskid Marking), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The road marking materials market size is projected to grow from USD 6.8 billion in 2018 to USD 8.8 billion by 2023, at a CAGR of 5.2%.
The global road marking materials market is expected to be driven by various factors such as increased spending for safer roads and new infrastructure and roadway projects in emerging economies.
With the increased use of road markings in lane departure warning systems (LDWS), the road marking materials market is expected to grow rapidly in the near future. However, the conservative approach of road contractors towards road markings is restraining the growth of the market.
Key HighlightsPerformance-based marking segment is estimated to be the faster-growing type in the overall market during the forecast period. The APAC road marking materials market is projected to witness the highest CAGR during the forecast period.
DriversIncreased Spending on Safer Roads New Infrastructure and Roadway Projects in Emerging Economies
RestraintsConservative Approach of Road Contractors
OpportunitiesIncreased Prominence of Road Markings in Lane Departure Warning Systems (LDWS)
ChallengesStringent Regulatory Policies Over Solvent-Based Road Markings
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Road Marking Materials Market, By Type
7 Road Marking Materials Market, By Application
8 Road Marking Materials Market, By Region
9 Competitive Landscape
10 Company Profiles3M Ampere System Asian Paints PPG Pvt. Limited Automark Technologies (India) Pvt. Ltd. Aximum Crown Technology, LLC Ennis-Flint, Inc. Geveko Markings Hitex International Group Kelly Bros Kestrel Ozark Materials LLC Reda National Co. Rembrandtin Lack GmbH Nfg. KG Sealmaster SWARCO AG The Sherwin-Williams Company
For more information about this report visit https://www.researchandmarkets.com/research/343m6x/the_worldwide?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190125005194/en/
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Related Topics:Road and Highway Construction
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/25/2019 07:56 AM/DISC: 01/25/2019 07:56 AM