Road Marking Materials Market Size, Revenue, Business Growth Statistics And Analysis Report 2018-2026
Road Marking Materials Market |
Road marking materials are used on roadways and walkways to provide pedestrians and drivers with direction and information. To eliminate driveway confusion and improve road safety, markings are standardised. Furthermore, technological developments such as retro reflectivity, marking lifespan, and cheap installation cost are being used to expand the market for road marking materials.
With increased production capacity, rising urbanisation, and cheap paint costs, paint-based marking, specifically water-based paints, is likely to boost demand for worldwide road marking materials. Epoxy paints are a paint-based marking material that is likely to gain momentum in the Road Marking Materials Market during the forecast period due to its low dirt pickup rate and excellent adhesive capabilities. Some of the factors driving the global road marking materials market over the projected period are technological advancements to reduce maintenance costs, such as intelligent road marking systems, increased application in airways, and government safety norms.
Market Segmentation:
By Type
- Paint Based Materials
- Epoxy based
- Polyurethane
- Water based
- Solvent based
- Performance Based Materials
- Thermoplastics
- Cold plastics
By Application
- Road marking
- Factory marking
- Car park marking
- Antiskid marking
- Airport markings
- Others.
Due to different qualities such as quick drying, low cost, and enhanced adhesion on oily and asphaltic surfaces, thermoplastics and solvent-based paints are widely employed for road marking. Cold plastics are novel cost-effective materials that include a water-reducing agent, thermoplastic resin, mineral filler, and colourant, and have a strong growth potential in the worldwide road marking materials market. Polymerization is a chemical reaction that aids in the hardening of plastic onto road surfaces. As a result of these factors, the worldwide road marking materials market is likely to rise at a rapid pace throughout the forecast period (2017-2025).
Some of the key participating players in the road marking materials market are Aximum S.A., The Sherwin-Williams Company, Geveko Markings, Ozark Materials LLC, Lackfabrik GmbH, Swarco Limburger, Ennis-Flint and Kelly Bros Erinline along with others.
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