Road Marking Paints And Coatings Market, By Material Type, By Marking Type, By Application, By Geography

Description

Global road marking paints and coatings market is estimated to be valued at USD 2,158.17 Mn in 2024 and is expected to reach USD 2,897.85 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2,158.17 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.30%	2031 Value Projection:	US$ 2,897.85 Mn

Figure 1. Road Marking Paints And Coatings Market Share (%), By Region, 2024

Road Marking Paints And Coatings Market - IMG1

Road marking paints and coatings are used to paint road surfaces, primarily for transportation purposes. These aid in traffic management and allow for smoother movement of vehicles. Road marking paints play a vital role in traffic guidance, defining travel paths and directions, lane separations and parking areas. These enhance visibility at night and under poor lighting conditions. Different types of materials are used in road marking depending on factors like intended use, durability required and weather conditions. Conventional solvent and water-based paints are widely used along with thermoplastic materials like epoxy and polyurea for longer life. Technological advancements have led to the development of materials with improved retro-reflection and durability.

Market Dynamics:

Global road marking paints and coatings market growth is driven by growing road construction projects, infrastructural development, and maintenance of existing road networks worldwide. Government focus on road safety measures involving proper road signage and markings acts as a key opportunity. However, stringent environmental regulations around the use of solvent-based paints hampers the market growth. Rising raw material costs also impact the market negatively. The development of bio-based and recycled material-based coatings provide new opportunities in the near future. Market players are investing in R&D to formulate more sustainable and cost-effective solutions.

Key Features of the Study:

This report provides in-depth analysis of the global road marking paints and coatings market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global road marking paints and coatings market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Sherwin Williams Company, Asian Paints PPG, Aximum, Pidilite Industries, Helios Road Markings, Ennis-Flint, Inc., Berger paints, US Specialty Coatings, SealMaster, Geveko Markings, Dow Inc., Aexcel Corporation, Watco Industrial Floors, Shalimar Paints, Fleet Line Markers Ltd., Dulux Protective Coatings, Nippon Paints, Crown USA Inc., and ATS Traffic.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global road marking paints and coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Detailed Segmentation

Material Type:
- Performance-based
- Marking Tape
- Thermoplastics
- Cold Plastics
- Others
- Paint-Based Markings
- Solvent-borne Markings
- Water-borne Markings
- 2-Component Epoxy
- Others
Marking Type:
- Permanent
- Removable
Application:
- Road and Highway Marking
- Pavement Marking
- Parking Lot Marking
- Factory Marking
- Airport Marking
- Field Marking
- Others
Regional:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Sherwin Williams Company
- Asian Paints PPG
- Aximum
- Pidilite Industries
- Helios Road Markings
- Ennis-Flint, Inc.
- Berger paints
- US Specialty Coatings
- SealMaster
- Geveko Markings
- Dow Inc.
- Aexcel Corporation
- Watco Industrial Floors
- Shalimar Paints
- Fleet Line Markers Ltd.
- Dulux Protective Coatings
- Nippon Paints
- Crown USA Inc.
- ATS Traffic

Product Code: CMI6862

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Marking Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Drivers
Restraints

PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Road Marking Paints and Coatings Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting Global Road Marking Paints and Coatings Market - COVID-19
Impact Analysis

5. Global Road Marking Paints and Coatings Market, By Material Type, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Performance-based
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Sub Segment Trends
Marking Tape
Thermoplastics
Cold Plastics
Others
Paint-Based Markings
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Sub Segment Trends
Solvent-borne Markings
Water-borne Markings
2-Component Epoxy
Others

6. Global Road Marking Paints and Coatings Market, By Marking Type, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Permanent
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Removable
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Road Marking Paints and Coatings Market, By Application, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Road and Highway Marking
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Pavement Marking
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Parking Lot Marking
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Factory Marking
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Airport Marking
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Field Marking
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Road Marking Paints and Coatings Market, By Region, 2019-2031, (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Marking Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
U.S.
Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Marking Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Marking Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Marking Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019 - 2031
- Market Size and Forecast, By Material Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Marking Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
GCC Countries
Israel
Rest of Middle East & Africa

9. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Sherwin Williams Company
Company Overview
Material Type Portfolio
Recent Developments/Updates
- Asian Paints PPG
- Aximum
- Pidilite Industries
- Helios Road Markings
- Ennis-Flint, Inc.
- Berger paints
- US Specialty Coatings
- SealMaster
- Geveko Markings
- Dow Inc.
- Aexcel Corporation
- Watco Industrial Floors
- Shalimar Paints
- Fleet Line Markers Ltd.
- Dulux Protective Coatings
- Nippon Paints
- Crown USA Inc.
- ATS Traffic

10. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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