The Road Marking Materials Market size is expected to grow from USD 6.8 billion in 2018 to USD 8.8 billion by 2023, at a CAGR of 5.2%.
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The paint-based markings segment is estimated to have the highest share in the overall market.
Based on type, the road marking materials market has been segmented into paint-based and performance-based materials. In terms of value, the paint-based marking segment is projected to account for the larger share of the overall market during the forecast period. Paint-based markings are the oldest road markings. They are in high demand due to their retroreflective glass beads. These marking materials are generally used to denote travel lanes or mark parking spaces. However, they offer less brightness and lower performance in terms of adhesion to the substrate. Paint-based road markings can be categorized as solvent-based and water-based paints.
Road & highway marking application is estimated to account for the largest share of the overall road marking materials market in 2018.
The road & highway application is estimated to account for the largest share of the road marking materials market in 2018. Road marking materials are used to convey instructions to commuters. They are applied on road surfaces to provide guidance and information. Several materials are used for road markings. Most of the paints used for pavement marking are durable, i.e., they stay for more than one year. Paint-based markings are widely used for marking road surfaces as they have excellent adhesion to both concrete and bituminous surfaces and have resistance to UV radiation.
The Performance-based markings segment is expected to be the faster-growing type of road marking materials during the forecast period.
The road marking materials market has been classified based on type as paint-based and performance-based materials. The performance-based segment of the market is projected to witness the higher CAGR during the forecast period. Performance-based markings are categorized into thermoplastics and cold plastics. Thermoplastics are one of the most commonly used surface marking materials owing to their high durability, lack of VOC, and excellent reflection properties in the day as well as night, and in wet conditions. Cold plastics are based on methyl methacrylate resins (MMA). These are designed for use in conditions where resistance to wear and tear are of great importance. Cold plastic markings are widely used in high traffic areas, where there is high snowfall. Performance-based markings are durable and efficient in dynamic climatic conditions
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The Sherwin-Williams Company (US), Ennis-Flint, Inc. (US), SWARCO AG (Austria), Geveko Markings (Denmark), and SealMaster (US), among others, are the key players operating in the road marking materials market.
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Road Marking Materials Market report added by Value Market Research, offering growth, trends, and forecast for each segment along with regional and country analysis.
Further, this report also highlights the regional and country-level market analysis.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the road marking materials market include Automack Technologies, Aximum SA, Ennis Flint, Evonik Industries, Geveko Marking, Kelly Bros Erinline, Ozark Materials LLC, Roadmarking Industry Association of Australia, Sherwin Williams Company, and Swarco Limburger Lackfabric GmbH.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Road Marking Materials Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/road-marking-materials-market/download-sampleMarket DynamicsThe increasing government safety regulation on roadways safety is driving the overall market growth.
Rapid urbanization along with the technological advancements such as skid resistant technology is also fueling the demand for road marking materials in the market.
On the downside, road marking materials have a high life expectancy of road marking material is the only major factor that can restrain the market growth.
The Road Marking Materials Market is projected to grow from USD 6.1 billion in 2020 to USD 7.5 billion by 2025, at a CAGR of 4.4% from 2020 to 2025.
The major reasons for the growth of the road marking materials market include increased spending on safer roads, and new infrastructure and roadway projects in emerging economies, which in-turn act as driving factors for growth of road marking materials market.Browse 213 market data Tables and 44 Figures spread through 203 Pages and in-depth TOC on "Road Marking Materials Market by Type (Performance-based Markings & Paint-based Markings), Application (Road & Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, and Anti-skid Marking), and Region - Global Forecast to 2025"Companies such as The Sherwin-Williams Company, Ennis-Flint, Inc., SWARCO AG, Geveko Markings, and SealMaster, fall under the winners’ category.
These are leading players in the road marking materials market, globally.
It offers the complete traffic marking solutions with high quality and durable products and has a strong customer base, globally.The company has a strong presence worldwide, especially, in North America and Europe.
Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=13285598 By type, the paint-based markings segment is estimated to dominate the global road marking materials marketBy type, the paint-based markings segment of the road marking materials market is estimated to dominate the global road marking materials market due to their cost-effectiveness and efficient performance.
These markings generate high demand due to their retro-reflective glass beads and are generally used to denote travel lanes or mark parking spaces.
