Road Marking Paints and Materials Market
Road Marking Paints and Materials Market by Type (Paint based Materials, Performance-based Materials), by Application (Road and Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking), by Region - Global Insights 2022 to 2032
Analysis of Road Marking Paints and Materials market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Road Marking Paints and Materials Market Outlook (2022 to 2032)
The Global Road Marking Paints and Materials Market is predicted to grow at a CAGR of 6.5% through 2032, reaching a valuation of US$ 12.2 Billion, according to Fact.MR, market research and competitive intelligence provider.
By type, performance-based road marking paints and materials is expected to dominate the market.
Road marking products are used on roadways and pathways to provide guidance, warnings, and information to pedestrians, cars, and vehicles. Uniformity of Road Marking Paints and Materials is vital to limit road confusion and boost public safety. Companies continue to develop retroreflective technology, allowing Road Marking Paints and Materials to last for several years. They are also building on durable products that make installation cost-effective.
| Attribute | Details |
|---|---|
| Road Marking Paints and Materials Market Size (2021A) | US$ 6.2 Billion |
| Market Forecast Value (2032F) | US$ 12.2 Billion |
| Global Market Growth Rate (2022 to 2032) | 6.5% CAGR |
| US Market Share | ~49.5% |
| Top 2 Road Marking Paints Manufacturers’ Market Share | ~74.2% |
| Key Companies Profiled | SHERWIN-WILLIAMS COMPANY, AXIMUM, 3M, ENNIS-FLINT, INC., SWARCO AG |
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Road Marking Paints and Materials Consumption Analysis (2017 to 2021) Vs. Market Outlook (2022 to 2032)
According to Fact.MR, a market research and competitive intelligence source, worldwide Road Marking Paints and Materials usage has expanded at a CAGR of roughly 5.1% over the last half-decade. Rapid industrialization has boosted demand for Road Marking Paints and Materials, as has expanded production capacity.
Paint-based marking has grown in popularity as a result of its widespread usage on roadways. Furthermore, the low cost of paint is expected to boost this market for the duration of the projected period. Because of their high adhesive characteristics and low dirt pick-up rate, epoxy paints used in paint-based marking have gained favor in recent years.
The increased adoption of government safety restrictions is spurring expanding applications in highways and airways, as it coincides with an increase in the use of paint and performance-based markings, including polyurethane-based and thermoplastics road marking paints.
Environmental regulations to combat the negative effect of increased highway marking materials and their rise in production costs hinder industry growth. Road marking systems that operate using artificial intelligence, however, is projected to boost revenue.
What’s driving the Global Sales of Road Marking Paints and Materials?
According to the Association for Safe International Road Travel, around 1.25 Mn people are killed in road accidents each year, with an average of 3,287 fatalities happening globally each day. These mishaps are typically caused by bad road conditions. To minimize accidents caused by climatic conditions and poorer visibility of road markings during the day and at night, safer roads are required.
Several governments, including those in the United States, the United Kingdom, China, and Switzerland, have taken initiatives to improve road conditions and provide proper road markings in order to minimize the number of people killed on dangerous roads. This is anticipated to increase the Road Marking Materials Market throughout the forecast period.
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What are the Key Challenges Facing Road Marking Paints and Materials Producers?
Road markings are generally considered as playing a vital role in ensuring and increasing global road safety. Their performance, on the other hand, is governed by two important factors: the substance used in road markings and the weather conditions.
Night-time Road Marking Paints and Materials become more necessary in cold and wintry conditions. Snow-load safety in the Nordic countries impacts road marking manufacture in some EU nations up to some extent. To improve road safety, Road Marking Paints and Materials in Denmark, Norway, and Sweden were verified for their durability in the frigid and cold Nordic climate by the transport authorities of those countries. These factors limit manufacturers of these Road Marking Paints and Materials.
Country Wise Analysis
What are the regional insights of the market for Road Marking Paints and Materials?
Road Marking Paints and Materials are expected to increase in value in the Asia Pacific throughout the upcoming forecast period, primarily as a result of increasing utilization of these materials in civil construction projects.
Factors such as increasing demand for safer roads and government investment in the production of such materials are the main reason for increasing road marking use in Asia Pacific. These factors are projected to boost sales of Road Line Marker Paints and Materials in the Asia Pacific region during the forecast period.
In North America and Europe, increased highway safety requirements and regulatory limitations have raised market demand. Furthermore, skid-resistant technologies have emerged as potential market drivers in these nations. Rapid industrialization is also expected to boost market demand in developing markets such as China, India, and Japan.
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Category Wise Analysis
Which Type of Road Marking Paints and Materials is Gaining Demand Traction?
The performance-based Road Marking Paints and Materials is expected to grow at the fastest CAGR during 2022 to 2032. Thermoplastics and cold plastics are two sub-classes of performance-based markings.
These types of performance-based road markings provide advantages such as increased durability, a lack of VOC components, high reflecting properties, and longer life of road markings. These reasons are expected to drive the demand for performance-based markings in this application. Over the forecast period, these factors are expected to boost the market for Road Marking Paints and Materials.
Which application of Road Marking Paints and Materials generates the most revenue?
Road and highway markings are predicted to be the largest revenue-generating application in the Road Line Marker Paints market.
Because they are utilized on the most significant portion of the road markings sector, namely roads, and highways, these markings are likely to dominate the market for Road Marking Paints and Materials. As a result, road and highway markings are likely to dominate the market for Road Marking Paints and Materials throughout the forecast period.
In recent years, the demand for traffic and field marking paints has also swelled to a significant degree. Traffic & Zone Marking Paint demand is expected to flourish at a significant pace in the years to come.
Competition Landscape
The key Road Marking Paint companies are focusing on the quality of their offerings. They key players in the global Road Marking Paints and Materials include Sherwin Williams Company, Geveko Marking, Aximum SA, Kelly Bros Erinline, Swarco Limburger Lackfabric GmbH, Ozark Materials LLC, Ennis Flint, Roadmarking Industry Association of Australia, Evonik Industries, and Automack Technologies.
Some of the recent developments in Road Marking Paints and Materials Market are as follows:
- In October 2021, Swarco, an Austrian transportation technology company announced the acquisition of Hitex, a Road Marking Paints and Materials provider. With this acquisition, Swarco expects to enter the Road Marking Paints and Materials market in the U.K.
- In January 2021, A European private equity firm THI Investments announced that it has gained a majority stake from WJ Group, a provider of specialty highway goods and services including Road Marking Paints and Materials.
Key Segments Covered in Road Marking Paints and Materials Industry Survey
-
By Type :
- Paint Based Materials
- Performance-Based Materials
-
By Application :
- Road and Highway
- Pavement
- Parking Lot
- Factory
- Airport
- Field
- Other Applications
-
By Region :
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
- 5.1. Paint-based Marking
- 5.2. Performance-based Marking
- 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
- 6.1. Roads & Highways
- 6.2. Factory
- 6.3. Parking Lots
- 6.4. Airports
- 6.5. Other Applications
- 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
- 7.1. North America
- 7.2. Latin America
- 7.3. Europe
- 7.4. Asia Pacific
- 7.5. Middle East and Africa
- 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
- 13. Key Countries Market Analysis
- 14. Market Structure Analysis
- 15. Competition Analysis
- 15.1. SHERWIN-WILLIAMS COMPANY
- 15.2. AXIMUM
- 15.3. 3M
- 15.4. ENNIS-FLINT, INC.
- 15.5. SWARCO AG
- 15.6. GEVEKO MARKINGS
- 15.7. SEALMASTER
- 15.8. REMBRANDTIN LACK GMBH NFG. KG
- 15.9. CROWN TECHNOLOGY, LLC
- 15.10. OZARK MATERIALS LLC
- 15.11. BASLER LACKE SWITZERLAND
- 16. Assumptions & Acronyms Used
- 17. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Bn) Forecast by Region, 2017 to 2032
Table 02: Global Market Volume (Gallons) Forecast by Region, 2017 to 2032
Table 03: Global Market Value (US$ Bn) Forecast by Type, 2017 to 2032
Table 04: Global Market Volume (Gallons) Forecast by Type, 2017 to 2032
Table 05: Global Market Value (US$ Bn) Forecast by Application, 2017 to 2032
Table 06: Global Market Volume (Gallons) Forecast by Application, 2017 to 2032
Table 07: North America Market Value (US$ Bn) Forecast by Country, 2017 to 2032
Table 08: North America Market Volume (Gallons) Forecast by Country, 2017 to 2032
Table 09: North America Market Value (US$ Bn) Forecast by Type, 2017 to 2032
Table 10: North America Market Volume (Gallons) Forecast by Type, 2017 to 2032
Table 11: North America Market Value (US$ Bn) Forecast by Application, 2017 to 2032
Table 12: North America Market Volume (Gallons) Forecast by Application, 2017 to 2032
Table 13: Latin America Market Value (US$ Bn) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Gallons) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ Bn) Forecast by Type, 2017 to 2032
Table 16: Latin America Market Volume (Gallons) Forecast by Type, 2017 to 2032
Table 17: Latin America Market Value (US$ Bn) Forecast by Application, 2017 to 2032
Table 18: Latin America Market Volume (Gallons) Forecast by Application, 2017 to 2032
Table 19: Europe Market Value (US$ Bn) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Gallons) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ Bn) Forecast by Type, 2017 to 2032
Table 22: Europe Market Volume (Gallons) Forecast by Type, 2017 to 2032
Table 23: Europe Market Value (US$ Bn) Forecast by Application, 2017 to 2032
Table 24: Europe Market Volume (Gallons) Forecast by Application, 2017 to 2032
Table 25: Asia Pacific Market Value (US$ Bn) Forecast by Country, 2017 to 2032
Table 26: Asia Pacific Market Volume (Gallons) Forecast by Country, 2017 to 2032
Table 27: Asia Pacific Market Value (US$ Bn) Forecast by Type, 2017 to 2032
Table 28: Asia Pacific Market Volume (Gallons) Forecast by Type, 2017 to 2032
Table 29: Asia Pacific Market Value (US$ Bn) Forecast by Application, 2017 to 2032
Table 30: Asia Pacific Market Volume (Gallons) Forecast by Application, 2017 to 2032
Table 31: Middle East and Africa Market Value (US$ Bn) Forecast by Country, 2017 to 2032
Table 32: Middle East and Africa Market Volume (Gallons) Forecast by Country, 2017 to 2032
Table 33: Middle East and Africa Market Value (US$ Bn) Forecast by Type, 2017 to 2032
Table 34: Middle East and Africa Market Volume (Gallons) Forecast by Type, 2017 to 2032
Table 35: Middle East and Africa Market Value (US$ Bn) Forecast by Application, 2017 to 2032
Table 36: Middle East and Africa Market Volume (Gallons) Forecast by Application, 2017 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ Bn) by Type, 2022 to 2032
Figure 02: Global Market Value (US$ Bn) by Application, 2022 to 2032
Figure 03: Global Market Value (US$ Bn) by Region, 2022 to 2032
Figure 04: Global Market Value (US$ Bn) Analysis by Region, 2017 to 2032
Figure 05: Global Market Volume (Gallons) Analysis by Region, 2017 to 2032
Figure 06: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 07: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 08: Global Market Value (US$ Bn) Analysis by Type, 2017 to 2032
Figure 09: Global Market Volume (Gallons) Analysis by Type, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 12: Global Market Value (US$ Bn) Analysis by Application, 2017 to 2032
Figure 13: Global Market Volume (Gallons) Analysis by Application, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 16: Global Market Attractiveness by Type, 2022 to 2032
Figure 17: Global Market Attractiveness by Application, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ Bn) by Type, 2022 to 2032
Figure 20: North America Market Value (US$ Bn) by Application, 2022 to 2032
Figure 21: North America Market Value (US$ Bn) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Bn) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Gallons) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ Bn) Analysis by Type, 2017 to 2032
Figure 27: North America Market Volume (Gallons) Analysis by Type, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 30: North America Market Value (US$ Bn) Analysis by Application, 2017 to 2032
Figure 31: North America Market Volume (Gallons) Analysis by Application, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 34: North America Market Attractiveness by Type, 2022 to 2032
Figure 35: North America Market Attractiveness by Application, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Bn) by Type, 2022 to 2032
Figure 38: Latin America Market Value (US$ Bn) by Application, 2022 to 2032
Figure 39: Latin America Market Value (US$ Bn) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ Bn) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Gallons) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ Bn) Analysis by Type, 2017 to 2032
Figure 45: Latin America Market Volume (Gallons) Analysis by Type, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 48: Latin America Market Value (US$ Bn) Analysis by Application, 2017 to 2032
Figure 49: Latin America Market Volume (Gallons) Analysis by Application, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 53: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ Bn) by Type, 2022 to 2032
Figure 56: Europe Market Value (US$ Bn) by Application, 2022 to 2032
Figure 57: Europe Market Value (US$ Bn) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ Bn) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Gallons) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ Bn) Analysis by Type, 2017 to 2032
Figure 63: Europe Market Volume (Gallons) Analysis by Type, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 66: Europe Market Value (US$ Bn) Analysis by Application, 2017 to 2032
Figure 67: Europe Market Volume (Gallons) Analysis by Application, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 70: Europe Market Attractiveness by Type, 2022 to 2032
Figure 71: Europe Market Attractiveness by Application, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: Asia Pacific Market Value (US$ Bn) by Type, 2022 to 2032
Figure 74: Asia Pacific Market Value (US$ Bn) by Application, 2022 to 2032
Figure 75: Asia Pacific Market Value (US$ Bn) by Country, 2022 to 2032
Figure 76: Asia Pacific Market Value (US$ Bn) Analysis by Country, 2017 to 2032
Figure 77: Asia Pacific Market Volume (Gallons) Analysis by Country, 2017 to 2032
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: Asia Pacific Market Value (US$ Bn) Analysis by Type, 2017 to 2032
Figure 81: Asia Pacific Market Volume (Gallons) Analysis by Type, 2017 to 2032
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Bn) Analysis by Application, 2017 to 2032
Figure 85: Asia Pacific Market Volume (Gallons) Analysis by Application, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 88: Asia Pacific Market Attractiveness by Type, 2022 to 2032
Figure 89: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 91: Middle East and Africa Market Value (US$ Bn) by Type, 2022 to 2032
Figure 92: Middle East and Africa Market Value (US$ Bn) by Application, 2022 to 2032
Figure 93: Middle East and Africa Market Value (US$ Bn) by Country, 2022 to 2032
Figure 94: Middle East and Africa Market Value (US$ Bn) Analysis by Country, 2017 to 2032
Figure 95: Middle East and Africa Market Volume (Gallons) Analysis by Country, 2017 to 2032
Figure 96: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: Middle East and Africa Market Value (US$ Bn) Analysis by Type, 2017 to 2032
Figure 99: Middle East and Africa Market Volume (Gallons) Analysis by Type, 2017 to 2032
Figure 100: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 101: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 102: Middle East and Africa Market Value (US$ Bn) Analysis by Application, 2017 to 2032
Figure 103: Middle East and Africa Market Volume (Gallons) Analysis by Application, 2017 to 2032
Figure 104: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 105: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 106: Middle East and Africa Market Attractiveness by Type, 2022 to 2032
Figure 107: Middle East and Africa Market Attractiveness by Application, 2022 to 2032
Figure 108: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
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Complete list available upon request
- FAQs -
How much is the current worth of the Road Marking Paints and Materials Market?
Currently, the global Road Marking Paints and Materials Market is valued at US$ 6.2 Billion
At what CAGR is sales of Road Marking Materials expected to rise?
Road Marking Paints and Materials consumption value is expected to increase at a CAGR of around 6.5% during the period of 2022-2032.
How has the Road Marking Paints and Materials Market performed over the past half-decade?
In terms of consumption value, Road Marking Paints and Materials increased at a CAGR of around 5.1% during 2017-2021.
How are key players strategizing in the market for Road Marking Paints and Materials?
Key Road Marking Paint suppliers can be mainly seen involved in mergers and acquisitions to expand their geographical footprint.
Who are the prominent manufacturers of Road Marking Paints and Materials?
Top Road Marking Paints and Materials manufacturing companies are Sherwin Williams Company, Geveko Marking, Aximum SA, Kelly Bros Erinline, Swarco Limburger Lackfabric GmbH, Ozark Materials LLC, Ennis Flint, Roadmarking Industry Association of Australia,
What is the scenario for demand of Road Marking Paints and Materials in U.S.?
U.S. is estimated to hold around 50% share of the global Road Marking Paints and Materials Market.
Road Marking Paints and Materials Market