Traffic road marking coatings play a vital role in maintaining the road safety, especially in four and six-lane highways. The coatings help ensure the smooth movement of traffic, thereby reducing the number of road accidents. These coatings are easy-to-apply, UV resistant, non-toxic, environment-friendly, and corrosion resistant. Apart from traffic guidance, traffic road marking coatings also act as a tool for warning, controlling, and providing information to drivers.
The growth and economic development of a country highly rely on road and transportation. The need for constant maintenance of these roads is also increasing because they are considered as one of the most crucial public assets. This in turn, will result in an increased demand for road line marking and traffic road marking coatings. The increasing number of new road constructions will be one of the primary growth drivers for the global traffic road marking coatings market till 2023. The increasing number of newly constructed roads improve access to schools, markets, and hospitals. It also enhances the safety, level of comfort, and lower the vehicle operating costs. This in turn, will reduce the number of road accidents.
The traffic road marking coatings market is witnessing growth in the APAC region due to the growth in infrastructure in emerging economies like India and China. The need for traffic road marking coatings in the region will increase in the forthcoming years due to the rising middle-class population, high disposable income, and rise in employment. The increasing highway building activities will further drive the market’s growth in APAC.
Global Traffic Road Marking Coatings market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Traffic Road Marking Coatings.
This report researches the worldwide Traffic Road Marking Coatings market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Traffic Road Marking Coatings breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
This report focuses on the top manufacturers' Traffic Road Marking Coatings capacity, production, value, price and market share of Traffic Road Marking Coatings in global market. The following manufacturers are covered in this report:
Dow Chemical Company
Nippon Paint Holdings
Traffic Road Marking Coatings Breakdown Data by Type
Preformed Polymer Tape
Traffic Road Marking Coatings Breakdown Data by Application
Traffic Road Marking Coatings Production Breakdown Data by Region
Traffic Road Marking Coatings Consumption Breakdown Data by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Traffic Road Marking Coatings capacity, production, value, consumption, status and forecast;
To focus on the key Traffic Road Marking Coatings manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Traffic Road Marking Coatings :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.