Global Road Marking Materials Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Road Marking Materials Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global Road Marking Materials market report has been segmented on the basis of material type, application, and region.

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Global Road Marking Materials Market: Overview

Road marking materials are used for roadways and pathways in order to provide guidance and information to pedestrians and drivers. Uniformity in markings is standardized to avoid driveway confusion and enhance road safety. In addition, technological advancements such as retro reflectivity, lower installation cost, and longevity of marking are expected to support growth of the road marking materials.

Global Road Marking Materials Market: Dynamics

Rapid growing industrialization along with expansion in production capacity is a key factor expected to drive growth of the global market over the forecast period.

In addition, increasing government safety standards resulting in increasing its application in roadways and airways is another factor expected to further fuel growth of the target market over the forecast period.

Moreover, technological advancement such as intelligent road marking systems is another factor expected to boost growth of the global market over the forecast period.

Furthermore, increasing spending for new infrastructure and roadway projects across emerging economies are some other factors expected to propel growth of the target market over the forecast period.

However, fluctuating cost of raw materials such as pigments, resins, and additives which are extracted from crude oil is a key factor expected to drive growth of the global market over the forecast period. In addition, unstable oil and gas industry across the globe, owing to various political issues is another factor expected to hamper growth of the target market over the forecast period.

Ongoing trend observed in the global market is increasing preference towards eco-friendly road marking products across various developing countries is another factor expected to support growth of the target market over the forecast period.

Technological advancement in order to decrease maintenance cost such as intelligent road marking system, increasing application in airways, increasing use of bio-based materials, and government safety standards are among some factors expected to create potential revenue opportunities for players operating in the target marker over the forecast period.

Global Road Marking Materials Market: Segment Analysis

Among the material type segments, the paint-based markings segment is expected to drive growth of the target market over the forecast period, owing to its longer durability and low costs, and increasing preference towards paint-based coatings as compared to performance based products.

Among the application segments, the road marking application segment is expected to register significant growth in terms of revenue over the forecast period.

Global Road Marking Materials Market: Regional Analysis

The market in Asia Pacific is expected to account for highest CAGR over the forecast period, owing to increasing demand for address issues such as traffic congestion, traffic violations, and road accidents across various countries in the region. In addition, rising awareness regarding safety coupled with urbanization across India and China is another factor expected to drive growth of the target market in this region over the forecast period.

Global Road Marking Materials Market Segmentation:

Segmentation by material type:

Paint Based Materials
Epoxy based
Polyurethane
Water based
Solvent based
Performance Based Materials
Thermoplastics
Cold plastics

Segmentation by application:

Road marking
Factory marking
Car park marking
Antiskid marking
Airport markings