Traffic Road Marking Coatings Market Size Is Likely To Reach USD 8.27 Billion By 2030

Traffic Road Marking Coatings Industry Overview

The global traffic road marking coatings market size was valued at USD 4.92 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 6.0% from 2022 to 2030. Increasing spending on infrastructure development for constructing new highways and focusing on repair & maintenance operations are expected to be the key driving factors for the global market. The industry is not only associated with new road construction activities but also with existing maintenance businesses, which drives the demand for repainting.

The market has witnessed increasing investments in intelligent street marking systems and machines that help in recording the driver speed, driving conditions, and temperature while communicating it to the vehicle’s sensor system. Paint is widely used for travel lanes, loading zone, and parking space markings. Thermoplastic coat, which is also known as hot melt marking, is gaining advantage owing to its properties, such as longevity and retro-reflectivity.

Gather more insights about the market drivers, restrains and growth of the Global Traffic Road Marking Coatings market

Preformed polymer tape is a cold-applied plastic sheet used for marking traffic lanes, crosswalks, and stop bars. Epoxy is a reliable and economical solution, which consists of a pigmented resin base and a catalyst. Such coating type is preferred over plastic material owing to its low cost and highly reliable features. Manufacturers are coming up with initiatives to develop temperature-sensitive paints, which can withstand adverse environmental conditions, such as snowfall and heavy rains.

Rising demand in the markings for public and private parking spaces is expected to boost the market growth. Regulatory bodies across the globe are continuously formulating guidelines to improve road safety. While a well-established regulatory structure is already present in developed regions, such as North America and Europe, emerging economies are still working toward enhancing the framework to ensure road safety and maintenance.

Despite considerable supply chain instability during the initial months of the COVID-19 pandemic, several road maintenances and building projects increased due to reduced traffic. Aside from road building, the crisis and flight reductions provided a chance to evaluate runway construction windows. For example, in May 2020, Auckland Airport declared intentions to capitalize on the opportunity created by traffic restrictions during the pandemic to forward its runway pavement replacement project.

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Zero Friction Coatings Market - The global zero friction coatings market size was valued at USD 826.8 million in 2021 and is projected to witness a compound annual growth rate (CAGR) of 5.6% in terms of revenue from 2022 to 2030. The growing demand for zero friction coatings is attributed to their lubricating and corrosion protection properties which increase the wear life of a component across industries such as automotive, energy, and aerospace.
Physical Vapor Deposition Market - The global physical vapor deposition market size was valued at USD 2.65 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. The flourishing industrial manufacturing is likely to fuel the market growth over the forecast period.

Traffic Road Marking Coatings Market Segmentation

Grand View Research has segmented the traffic road marking coatings market based on product, type, application, and region:

Traffic Road Marking Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Paint
Thermoplastic
Preformed Polymer Tape
Epoxy

Traffic Road Marking Coatings Type Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Permanent
Removable

Traffic Road Marking Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

Road Marking Lines
Road Marking Labels

Traffic Road Marking Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Key Companies profiled:

Some of the prominent players operating in the global traffic road marking coatings market include:

AutoMark Technologies (India) Pvt. Ltd.
The Sherwin-Williams Company
Geveko Markings
Ennis Flint, Inc.
Crown Techno
Dow Inc
The 3M Company
Swarco

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