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The Worldwide Market for Road Marking Materials, 2019-2023 - New Infrastructure and Roadway Projects in Emerging Economies Drives Opportunity - ResearchAndMarkets.com

January 25, 2019

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 Highlights

Performance-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.

Market Dynamics

Drivers

Increased Spending on Safer Roads New Infrastructure and Roadway Projects in Emerging Economies

Restraints

Conservative Approach of Road Contractors

Opportunities

Increased Prominence of Road Markings in Lane Departure Warning Systems (LDWS)

Challenges

Stringent Regulatory Policies Over Solvent-Based Road Markings

Topics Covered

1 Introduction

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 Profiles

3M 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

KEYWORD:

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

http://www.businesswire.com/news/home/20190125005194/en

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