PUNE, India, March 31, 2016 /PRNewswire/ --
The report "Road Marking Materials Market by Type (Performance-Based Markings and Paint-Based Markings), Application (Road Markings, Factory Markings, Car Park Markings, Airport Markings, & Anti-Skid Markings), & Region - Global Forecast to 2020", published by MarketsandMarkets, The global market size is projected to reach USD 5.87 Billion at a CAGR of 5.5% by 2020.
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Browse 130 market data tables and 50 figures spread through 165 pages and in-depth TOC on "Road Marking Materials Market"
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This growth is fueled by the increase in infrastructure activities, and the need for road safety. This report defines and segments the road marking materials market and provides analysis and forecast of the market size.
The global road marking materials market size is projected to reach USD 5.87 Billion at a CAGR of 5.5% by 2020. This growth is fueled by the increase in infrastructure activities, and the need for road safety.
Road Marking: The largest application segment in road marking materials market
The purpose of road markings is to provide information to the commuters. These markings serve as a psychological barrier and signify the delineation of traffic path. Road markings are defined as lines, patterns, words, or objects for controlling, warning, guiding, and informing the pedestrians. They are classified as longitudinal markings, transverse markings, object markings, word messages, marking for parking, marking at hazardous locations, and such others. Thermoplastics, cold plastics, solvent-based paints, and polyurethane-based paints are commonly used for road markings.
Paint-based marking segment-The largest market for road marking materials, by type
Paint-based marking is the oldest category utilized in road markings. The category generates the highest demand due to its retro-reflective glass beads, generally used to denote travel lanes or mark parking spaces. However, it offers less brightness and lower performance in terms of adhesion to substrates. Epoxy-based, polyurethane-based, solvent-based, and water-based paints are the subtypes of paint-based road markings.
Epoxy-based paints generally consist of two materials: pigment and binder. These are slow drying and durable traffic marking paints intended for use on highways. Solvent-based paints are based on acrylic resins that are dissolved in organic solvents like esters or ketones. The expected service life on a side-line marking is only 6 to 12 months.
Water-based paints are based on acrylic resins. Due to low content of organic solvent, the impact of water-based paints on human health and environment is significantly less than that of solvent-based paints.
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Asia-Pacific - The largest market for road marking materials
Asia-Pacific is the largest market for road marking materials with major developments witnessed in China, Japan, South Korea, and India. The market in Asia-pacific accounted for the largest share of the Road Marking Materials Market, in terms of value in 2014. With advanced technological developments and heavy investments in infrastructure development, the market in Asia-Pacific is expected to remain the largest and the fastest-growing market till 2020. . This high growth is attributed to growing infrastructure activities in countries such as China, India, South Korea, and Japan.
Major players such as Geveko Marking (Sweden), The Sherwin Williams Company (U.S.), Aximum S.A. (France), Swarco Limburger Lackfabrik GmbH (Germany), Kelly Bros Erinline (Ireland), Ennis Flint (U.K.), and Ozark Materials LLC (U.S.) have been profiled in the research report.
This report covers the market, by value and volume, for road marking materials and the forecast period considered is 2015-2020. The report includes the market segmentation by application, type, and region. It also provides company profiles and competitive strategies adopted by the major market players in the global road marking materials market.
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