Road Marking Paints and Coatings Market Growth, Size, Trends, Share, Revenue and Future Outlook
Road Marking Paints and Coatings Market Size- By Material Type, By Marking Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: CHEM2446 | Pages: 1 - 223 | Formats*: |
| Category : Chemical & Materials | |||
Road Marking Paints and Coatings Market Introduction and Overview
According to SPER Market Research, the Global Road Marking Paints and Coatings Market is estimated to reach USD 12.99 billion by 2033 with a CAGR of 6.47%.
The report includes an in-depth analysis of the Global Road Marking Paints and Coatings Market, including market size and trends, product mix, applications, and supplier analysis. One kind of road marking used to improve safety and visibility on roads is paint or coating. These provide long-lasting markings that are reflective even in damp environments by using thermoplastic or prefabricated polymer materials that are robust and retroreflective. When used as lines, symbols, or legends, these marks outperform ordinary water-based paints in terms of aiding in driver guidance and improving night-time vision in rain, snow, and other challenging situations.
- January 2022; Oré Peinture, a French maker of safety supplies and road marking paint, purchased Geveko Markings and went into business with them.
- August 2023; Sui Colour created a brand-new item for their All Paint paint line: Vi-All is a solvent-free, water-based road marking paint made entirely of acrylic that has extremely few volatile organic compounds (VOCs). It doesn't contaminate the surroundings.
Market Opportunities and Challenges
There is a demand for additional roads and highways due to the increase in infrastructure development projects. In addition to being crucial, maintaining the current infrastructure necessitates using these paints and coatings more widely. Thus, rising building activity around the world will keep driving up sales of road marking paint and coating. The demand for effective traffic management and road safety has grown as cities grow, and road marking paints are essential to these goals. Globally, governments are making significant investments in the construction of public infrastructure. New smart city projects are being introduced by them. Paints and varnishes for road markings are therefore in high demand as a result of this. Environmental obstacles exist in the road construction business, notwithstanding its potential for expansion. Road construction frequently results in deforestation, which affects wildlife populations, beautiful landscapes, and animal habitats. Concerns about the environment might also arise from increasing vehicle emissions brought on by more traffic on newly constructed roads and lanes. These elements could impede market expansion, together with shifting raw material prices and more stringent laws governing volatile organic compound (VOC) emissions from building operations.
Market Competitive Landscape
The market for road marking paints and coatings worldwide is quite fragmented, with major players holding the majority of market share. Tier-1 players are expanding their global footprints in emerging markets and reducing competition by acquiring other companies. In contrast, tier-2 and tier-3 players are concentrating on developing high-quality products, fortifying supply networks, and increasing manufacturing capacity in order to satisfy the growing demand from end customers. Some of the major players of the market are Sherwin Williams Company, Asian Paints PPG, Pidilite Industries, Helios Road Markings, Berger paints, US Specialty Coatings, Aexcel Corporation, Fleet Line Markers Ltd., Nippon Paints, Crown USA Inc. and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Material Type, By Marking Type, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Sherwin Williams Company, Asian Paints PPG, Pidilite Industries, Helios Road Markings, Berger paints, US Specialty Coatings, Aexcel Corporation, Fleet Line Markers Ltd., Nippon Paints, Crown USA Inc. and others. |
COVID-19 Impact on Global Road Marking Paints and Coatings Market
The COVID-19 pandemic had a detrimental effect on the market because large cities implemented stringent lockdowns that halted road development. For example, the building industry, which was vulnerable to the economic cycle, saw a sharp decline in demand as a result of the suspension of operating and manufacturing activity. COVID-19 worsened the economic situation, which was already hampered by the industry's shortage of liquidity. Many projects have been abandoned at different points in time as a result of the swift and severe lockdown enforced by various governments. The absence of manpower services led to a notable decline in the market for road marking paints and coatings.
Key Target Audience:
- Government Agencies & Public Authorities
- Construction & Road Maintenance Companies
- Testing Laboratories & Certification Bodies
- Paint and Coatings Manufacturers
Our in-depth analysis of the Road Marking Paints and Coatings Market includes the following segments:
| By Material Type: |
|
| By Marking Type: |
|
| By Application: |
|
- Global Road Marking Paints and Coatings Market Size (FY’2024-FY’2033)
- Overview of Global Road Marking Paints and Coatings Market
- Segmentation of Global Road Marking Paints and Coatings Market By Material Type (Marking Tape, Thermoplastics, Cold Plastics, Paint-Based Markings, Solvent-borne Markings, Water-borne Markings, 2-Component Epoxy, Others)
- Segmentation of Global Road Marking Paints and Coatings Market By Marking Type (Permanent, Removable)
- Segmentation of Global Road Marking Paints and Coatings Market By Application (Road and Highway Marking, Pavement Marking, Parking Lot Marking, Factory Marking, Airport Marking, Field Marking, Others)
- Statistical Snap of Global Road Marking Paints and Coatings Market
- Expansion Analysis of Global Road Marking Paints and Coatings Market
- Problems and Obstacles in Global Road Marking Paints and Coatings Market
- Competitive Landscape in the Global Road Marking Paints and Coatings Market
- Impact of COVID-19 and Demonetization on Global Road Marking Paints and Coatings Market
- Details on Current Investment in Global Road Marking Paints and Coatings Market
- Competitive Analysis of Global Road Marking Paints and Coatings Market
- Prominent Players in the Global Road Marking Paints and Coatings Market
- SWOT Analysis of Global Road Marking Paints and Coatings Market
- Global Road Marking Paints and Coatings Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Road Marking Paints and Coatings Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Road Marking Paints and Coatings Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Road Marking Paints and Coatings Market
7. Global Road Marking Paints and Coatings Market, By Material Type (USD Million) 2020-2033
7.1. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Material Type, 2020-20267.2. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Material Type, 2027-20337.3. Marking Tape7.4. Thermoplastics7.5. Cold Plastics7.6. Solvent-borne Markings7.7. Water-borne Markings7.8. 2-Component Epoxy7.9. Others
8. Global Road Marking Paints and Coatings Market, By Marking Type (USD Million) 2020-2033
8.1. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Marking Type, 2020-20268.2. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Marking Type, 2027-20338.3. Permanent8.4. Removable
9. Global Road Marking Paints and Coatings Market, By Application (USD Million) 2020-2033
10. Global Road Marking Paints and Coatings Market, Forecast, 2020-2033 (USD Million)9.1. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Application, 2020-20269.2. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Application, 2027-20339.3. Road and Highway Marking9.4. Pavement Marking9.5. Parking Lot Marking9.6. Factory Marking9.7. Airport Marking9.8. Field Marking9.9. Others
10.1. Global Road Marking Paints and Coatings Market Size and Market Share
11. Global Road Marking Paints and Coatings Market, By Region, 2020-2033 (USD Million)
11.1. Global Road Marking Paints and Coatings Market Size and Market Share By Region (2020-2026)11.2. Global Road Marking Paints and Coatings Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. SHERWIN WILLIAMS COMPANY12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. ASIAN PAINTS PPG12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. PIDILITE INDUSTRIES12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. HELIOS ROAD MARKINGS12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. BERGER PAINTS12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. US SPECIALTY COATINGS12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. AEXCEL CORPORATION12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. FLEET LINE MARKERS LTD.12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. NIPPON PAINTS12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. CROWN USA INC.12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. OTHERS
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Road Marking Paints and Coatings Market is projected to reach USD 12.99 billion by 2033, growing at a CAGR of 6.47% during the forecast period.
Road Marking Paints and Coatings Market size from 2022. The Market is expected to reach USD 12.99 billion by 2033, at a CAGR of 6.47% during the forecast period.
Road Marking Paints and Coatings Market CAGR of 6.47% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Road Marking Paints and Coatings Market size is 12.99 billion from 2024 to 2033.
Road Marking Paints and Coatings Market Segment is covered By Material Type, By Marking Type, By Application.
The North America anticipated to have the highest market share in the Road Marking Paints and Coatings Market.
The key players in the market include Companies Covered Sherwin Williams Company, Asian Paints PPG, Pidilite Industries, Helios Road Markings, Berger paints, US Specialty Coatings, Aexcel Corporation, Fleet Line Markers Ltd., Nippon Paints, Crown USA Inc. and others.
When used as lines, symbols, or legends, these marks outperform ordinary water-based paints in terms of aiding in driver guidance and improving night-time vision in rain,
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
