DUBLIN, Jan. 25, 2019 /PRNewswire/ --
The "Road Marking Materials Market by Type (Performance-Based Markings And Paint-Based Markings), Application (Road & Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, Antiskid Marking), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global market size of road marking materials was USD 6.47 billion in 2017 and is projected to reach USD 8.79 billion by 2023, at a CAGR of 5.2% during the forecast period.
APAC leads the market due to the high use of marking materials to address problems such as traffic congestion, traffic violations, and road accidents. Japan and other countries have increased prominence over road and traffic safety for the smart city initiatives. The regulating bodies and the governments have started addressing road safety issues with the help of stringent rules and regulations.
The key types identified for road marking materials are paint-based and performance-based materials. The performance and cost for each material may vary greatly depending on several factors such as traffic volume and surface type. Road marking materials are increasingly seeing widespread applications such as road & highway marking, antiskid marking, parking lot marking, factory marking, airport marking, and others.
Regional players mainly cater to the demand for different road marking materials across the globe. There is a large number of players competing for a higher market share, which contributes to the competitive rivalry among the major players. Most of these players are also involved in R&D activities to diversify their product portfolio.
Some of the leading companies manufacturing road marking materials are
- Ampere System
- Asian Paints PPG Pvt. Limited
- Automark Technologies (India) Pvt. Ltd.
- Crown Technology, LLC
- Ennis-Flint, Inc.
- Geveko Markings
- Hitex International Group
- Kelly Bros
- Ozark Materials LLC
- Reda National Co.
- Rembrandtin Lack GmbH Nfg. Kg
- SWARCO AG
- The Sherwin-Williams Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Road Marking Materials Market
4.2 Road Marking Materials Market, By Type
4.3 Road Marking Materials Market, By Type and Region
4.4 Road Marking Materials Market Attractiveness
5 Market Overview
5.2 Market Dynamics
22.214.171.124 Increased Spending on Safer Roads
126.96.36.199 New Infrastructure and Roadway Projects in Emerging Economies
188.8.131.52 Conservative Approach of Road Contractors
184.108.40.206 Increased Prominence of Road Markings in Lane Departure Warning Systems (Ldws)
220.127.116.11 Stringent Regulatory Policies Over Solvent-Based Road Markings
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Indicators
5.4.2 Trends and Forecasts of GDP
6 Road Marking Materials Market, By Type
6.2 Paint-Based Markings
6.2.1 Paint-Based Markings are Cost-Effective and Efficient =Road Markings
6.3 Performance-Based Markings
6.3.1 Performance-Based Markings Segment is Growing Faster Owing to Efficiency in Varied Working Conditions
7 Road Marking Materials Market, By Application
7.2 Road & Highway Marking
7.2.1 Road & Highway Marking is the Largest Application Due to Its Cost-Effective Traffic Safety Solution
7.3 Parking Lot Marking
7.3.1 Parking Lot Marking Enables Smooth Traffic Flow and Parking Spaces
7.4 Factory Marking
7.4.1 Factory Marking Ensures Safe Industrial Or Work Environment
7.5 Airport Marking
7.5.1 Airport Marking Provides an Essential Visual Aid to the Air Traffic
7.6 Antiskid Marking
7.6.1 Antiskid Surfaces Act as A Warning to Road Users
8 Road Marking Materials Market, By Region
9 Competitive Landscape
9.2 Market Ranking
9.3 Competitive Scenario
9.3.3 New Product Launch
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/vvd5p6/8_79_bn_road?w=5
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