Glass beads comprises of soda-lime glass which is essential for providing retro reflectivity in many kinds of road markings. While Road surface marking is a device or material that is utilized on a road surface to convey official information. Despite this, they are commonly incorporated with road marking machines (or road marking equipment, pavement marking equipment). Additionally, they can also be applied in other facilities used by vehicles to mark parking spaces or choose areas for other uses.
Road Marking Glass Beads Market: Key Players
The research study includes profiles of leading companies operating in the global xxx market. Key players profiled in the report include: Weissker, Futong Industry, TAPCO, 3M, Potters Industries LLC, Ennis-Flint, Inc. & Others
Potters Industries LLC has acquired Sovitec Mondial S.A. to offer a more comprehensive, cost-effective and high-quality portfolio of products and services to their customers worldwide.
Drivers for the Global Road Marking Glass Beads Market:
The factors such as general economic conditions; traffic volumes, as measured by freight car loadings and passenger ridership; government spending on public transportation; and investment in new technologies are responsible for the growth of the market. While rapid urbanization & commercialization, rising population especially in developing countries such as China and India which results in increased government spending in building more infrastructure facilities that boost the demand for this product. Hence, raising demand for road construction give rise to increasing use of road markings in order to convey information to road users. Thus, increasing road construction worldwide is the major factor responsible for the growth of Road Marking Glass Beads Market.
Opportunities for the Global Road Marking Glass Beads Market:
The need to address challenges such as traffic congestion, traffic violations, and road accidents will be driving the demand for road marking materials across the globe during the forecast period. However, rising government initiatives for developing public transportation services worldwide are the major factor contributing to the raising demand for the usage of road markings. As the new technology for raising public transport services, highways for public transport are becoming popular across the world. It has brought wide applications in metro and other transportation services. Thus, this factor can create lucrative opportunities for road markings glass beads in forecast period.
Restrains for the Global Road Marking Glass Beads Market:
The road marking glass beads has high initial cost which hamper its applications at a larger extent. Moreover, it is not adequate for old roads in poor conditions. Thus, its usage can be restricted in countries with poor infrastructure. While, If the road is not clean, the dust will disturb the glue adhesion, thereby making it useless. All these factors are responsible for hindering the growth of road marking glass beads market.
Region Wise, Global Road Marking Glass Beads Market Analysis:
Report covers the region wise analysis, global road marking glass beads market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia-Pacific leads the global road marking glass beads market followed by North-America and Europe. While the Asia-Pacific leads the global road marking glass beads market due to the rapid urbanization, commercialization, rising population especially in China and India which results in increased government spending in building more infrastructure facilities that boost the demand for this market. Thus, the rising demand for road construction will led to increase in the usage of road markings in order to convey information to road users.
Global Road Marking Glass Beads Market: Product analysis
Global Road Marking Glass Beads Market: Application analysis
- Traffic Paint
- Road Marking
Global Road Marking Glass Beads 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
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