Market Research Report
Traffic Road Marking Coatings Market Size, Share & Trends Analysis Report By Product (Paint, Thermoplastic, Preformed Polymer Tape, Epoxy), By Region (Asia Pacific, North America, Europe, MEA), And Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||358128|
|Published||Content info||194 Pages
Delivery time: 2-3 business days
|Traffic Road Marking Coatings Market Size, Share & Trends Analysis Report By Product (Paint, Thermoplastic, Preformed Polymer Tape, Epoxy), By Region (Asia Pacific, North America, Europe, MEA), And Segment Forecasts, 2019 - 2025|
|Published: March 14, 2019||Content info: 194 Pages||
The global traffic road marking coatings market size is likely to reach USD 6.30 billion by 2025 at a CAGR of 5.0%, according to a new report by Grand View Research, Inc. Technological advancement is an important factor for market growth as countries are becoming more concerned about public health and safety. Growing environmental concerns are driving the need for greener products in a bid to promote a healthy environment.
Paints are regarded as a major source of harmful VOC emissions. This has resulted in the development of thermoplastic coatings and other eco-friendly alternatives. Rising cases of road fatalities is another primary concern, which is forcing regional governments to invest in technological development to ensure highway safety and maintenance. There is a need for technological development to deal with such issues efficiently and improve the global economic condition as well.
Manufacturers are taking initiatives to develop innovative marking systems and temperature-sensitive paints, which, in turn, is boosting the market growth. Various initiatives to improve road safety and maintenance and prevent accidents are expected to influence the overall market positively. Key manufacturers in this market include Automark Technologies Sherwin-Williams Company, Geveko Markings, Ennis-Flint, Crown Technologies, and Swarco AG.