Road Marking Materials Market Worth 5.87 Billion USD by 2020
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.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 130 market data tables and 50 figures spread through 165 pages and in-depth TOC on "Road Marking Materials Market"
http://www.marketsandmarkets.com/Market-Reports/road-marking-material-market-13285598.html
Early buyers will receive 10% customization on this report.
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.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=13285598
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.
Browse Related Reports:
Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, & Others), by Technology (Waterborne, Solvent Borne, High Solids, Powder & Others), by Application (Architectural & Paints) - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/paint-coating-market-156661838.html
Polymer Emulsion Market by Type (Acrylics, Polyurethane Dispersions, SB Latex, Vinyl acetate Polymer and Others), by Application (Adhesives & Sealants, Paints & Coatings, Paper & Paperboard, and Others) - Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/emulsion-polymers-market-1269.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article