Road marking materials are widely utilized as an alternative for conventional oil paints for marking on the roads that includes dividers, zebra marking, bumps, etc. While the major raw materials needed are hydrocarbon resin, mineral powders, glass beads, plasticizer, lubricants, pigment, etc. Besides this, there are variety of road-marking materials available that vary in price and performance. The most Commonly used road-marking materials are solvent-borne and waterborne paints, thermoplastic (including preformed tape) and cold plastic.
Road Marking Materials Market: Key Players
The research study includes profiles of leading companies operating in the global road marking materials market. Key players profiled in the report include: The Sherwin-Williams Company, 3M, Ennis-Flint Inc., Geveko Markings, Kelly Bros, Ozark Materials LLC, Crown Technology, LLC, AUTOMARK TECHNOLOGIES (INDIA) PRIVATE LTD, Reda National Co, SealMaster, Hitex International Group & Others.
Drivers for the Global Road Marking Materials Market:
The major driver of the road marking materials market are the increasing need for the safety on roads. While the increasing Road crash mortalities and disabilities are the also chief concern for the growth of this market. Thus, the Governments have taken initiatives to improve road conditions and provide proper markings on the roads for decreasing the death rate of the people caused due to unsafe roads are the factor driving the growth of this market. However, the spending on road reconstruction, repair, and maintenance is increased by many government bodies, thereby driving the market for road marking materials as well. While the increased use of road markings in lane departure warning systems (LDWS) and autonomous vehicles is fueling the market. Thus all these factors are responsible for the growth of global road marking materials market.
Opportunities for the Global Road Marking Materials Market:
The global road marking materials market is expected to be driven by the factors, including increased spending for safer roads and new infrastructure and roadway projects in emerging economies which is witnessed to provide growth opportunities during forecast period. While with the increased use of road markings in lane departure warning systems (LDWS) and autonomous vehicles, the road marking materials market is expected to grow rapidly in the forecasted period. Thus all these factors will provide lucrative opportunities in forecasted span.
Restrains for the Global Road Marking Materials Market:
The conservative approach of road contractors is the major drawback of the road marking materials market. Further, various road contractors prefer basic and low-cost products, while other contractors prefer high-performance solutions at low and competitive prices. This strategy of contractors’ recoil coating manufacturer’s margins, thus hampering the road marking materials market. However, the large number of participants in the market provides similar road marking products add to price pressures on the manufacturers, contractors, stakeholders, and local authorities, which indirectly hamper the growth of the market in revenue terms. Thus all, these factors are inhibiting the growth of this global road marking materials market.
Region Wise, Global Road Marking Materials Market Analysis:
Region-wise, global automotive electric motors market can be segmented into North America, South America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global road marking materials market share which is followed by Europe and North America. While the Asia Pacific leads the global road marking materials market as the APAC region is the largest consumer of road marking materials across the globe. While The growing need to address challenges such as traffic congestion, traffic violations, and road accidents are driving the demand for road marking materials in the region. Apart from this, the increased spending for safer roads, new infrastructure, government spending and roadway projects in emerging economies led to boosts the road marking materials market in this region. While the increased use of road markings in lane departure warning systems (LDWS) and autonomous vehicles is fueling the market of APAC region.
Global Road Marking Materials Market: Product analysis
- Performance-Based Markings
- Paint-Based Markings
Global Road Marking Materials Market: Application analysis
- Road Marking
- Antiskid Marking
- Car Park Marking
- Factory Marking
- Airport Marking
Global Road Marking Materials Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
Proficient Market is the leading research company offering both tactical and strategic support to all our customers. Customer satisfaction is our goal and that is why, we have a team of skilled and experienced specialist with the ability to do data mining, information management, and revenue enhancement solutions to ensure that our clients make informed decisions when coming to investing in the market. Our happiness is when we help our clients grow their business, strengthen the brands and educate their members or consumers through the ever new fun research methods developed by our team.
1st Floor, Harikrishna Building,
Samarth Nagar, New Sanghvi,
Pune- 411027 India
Tel: +91-8149441100 (GMT Office Hours)
Email: [email protected]