Road Marking Materials Market - Industry Analysis, Size, Share, Forecast 2016 – 2024

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Road Marking Materials Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Road Marking
Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” This report
likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and
worldwide business sector industry structure.
Road Marking Materials Market: Overview
Road markings materials are regarded as the silent guardians of road safety in this era of multiple lane highways. Marking
materials precisely show the traffic path and the lateral clearance from traffic hazards for its smooth, orderly, and safe
movement. Marking materials used on the roads act as tools that control, warn, and provide information to road users.
Road markings materials are used to demarcate traffic lanes in order to inform pedestrians and motorists. They can also be used
as noise generators in an attempt to wake sleeping drivers when installed in the shoulders of a road. Marking materials include
inks, coatings, tapes, and laser marking materials. The high importance of road marking and low cost drive the market.
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Road Marking Materials Market: Segmentation
The road marking materials market can be segmented by type into performance-based markings and paint-based markings.
Paint-based marking materials are sometimes used with adhesives to mark travel lanes. The low cost of paint is a key factor in
their widespread use. Paint-based marking materials can be subdivided into thermoplastics, solvent-based paints, cold plastics,
and polyurethane-based paints. They are safer to handle, as they do not require heating. Dirt pickup is eliminated as they do not
soften due to environmental heating.
On the basis of application, the market can be segmented into road marking materials, factory markings materials, car park
marking materials, airport marking materials, and anti-skid marking materials. The airport markings segment is expected to
dominate the market during the forecast period. Airport markings include marking lines, taxiways in large and small airports
(both privately and commercial owned), and rubber removal services on runways. Polyurethane, thermoplastics, cold plastics,
and epoxy-based paints are commonly used for airport marking, as they provide high retro-reflectivity and are ideal for the edge
lines of taxiways at airports and on highways.
Road Marking Materials Market: Region-wise Insight
The road marking materials market is also segmented on the basis of geographical regions into Asia Pacific, Europe, North
America, Latin America, and the Middle East & Africa. Asia Pacific will continue to dominate the road marking materials market.
A high gross domestic product (GDP) rate and the presence of emerging economies will foster the growth of the road marking
materials market. The road marking materials market in Europe and North America is primarily driven by the need for safer
roads. Infrastructure spending, maintenance activities, and new road construction will significantly contribute to the demand for
marking materials.
In both Europe and North America, governments have rolled out initiatives to develop road infrastructure which will boost sale
volumes and encourage the development of durable, high-performance products with skid resistance and enhanced visibility.
Latin America and the Middle East are expected to exhibit promising growth in the next few years.
Road Marking Materials Market: Drivers
Expansion of production capacity and rapid industrialization are the key factors driving the market. Additionally, the low cost of
labor and the easy availability of raw materials drive the road marking materials market. Usually, the life expectancy of road
marking materials are 8–10 years, and they need constant maintenance. Both of these are major restraints. As the consumption
of road marking materials surges, demand is expected to grow for intelligent road-marking systems that communicate humidity,
temperature, and road conditions to an automobile’s sensor systems.
Some of the key players in the road marking materials market are The Sherwin-Williams Company (the U.S.), Geveko
Marking (Sweden), Aximum S.A. (France), Kelly Bros Erinline (Ireland), Swarco Limburger Lackfabrik GmbH (Germany), Ozark
Materials LLC (U.S.), Ennis Flint (the U.K.), and Roadmarking Industry Association of Australia Ltd.
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The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by
tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely
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Key market segments and sub-segments
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Evolving market trends and dynamics
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Changing supply and demand scenarios
•
Quantifying market opportunities through market sizing and market forecasting
•
Tracking current trends/opportunities/challenges
•
Competitive insights
•
Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
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North America (U.S. and Canada)
•
Latin America (Mexico, Brazil, Peru, Chile, and others)
•
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
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Eastern Europe (Poland, Russia)
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Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
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Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of
companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for
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economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More
than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a
base year and then forecast growth within each market.
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Road markings materials are regarded as the silent guardians of road safety in this era of multiple lane highways. Marking materials precisely show the traffic path and the lateral clearance from traffic hazards for its smooth, orderly, and safe movement. Marking materials used on the roads act as tools that control, warn, and provide information to road users. Road markings materials are used to demarcate traffic lanes in order to inform pedestrians and motorists. They can also be used as noise generators in an attempt to wake sleeping drivers when installed in the shoulders of a road. Marking materials include inks, coatings, tapes, and laser marking materials. The high importance of road marking and low cost drive the market.