Global Traffic Road Marking Coatings Market Research Report 2021

Traffic road marking coatings play a vital role in maintaining the road safety, especially in four and six-lane highways. The coatings help ensure the smooth movement of traffic, thereby reducing the number of road accidents. These coatings are easy-to-apply, UV resistant, non-toxic, environment-friendly, and corrosion resistant. Apart from traffic guidance, traffic road marking coatings also act as a tool for warning, controlling, and providing information to drivers.
The growth and economic development of a country highly rely on road and transportation. The need for constant maintenance of these roads is also increasing because they are considered as one of the most crucial public assets. This in turn, will result in an increased demand for road line marking and traffic road marking coatings. The increasing number of new road constructions will be one of the primary growth drivers for the global traffic road marking coatings market till 2023. The increasing number of newly constructed roads improve access to schools, markets, and hospitals. It also enhances the safety, level of comfort, and lower the vehicle operating costs. This in turn, will reduce the number of road accidents.

Market Analysis and Insights: Global Traffic Road Marking Coatings Market
The global Traffic Road Marking Coatings market was valued at US$ XX million in 2019 and it is expected to reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.

Global Traffic Road Marking Coatings Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Traffic Road Marking Coatings Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Paint
Thermoplastic
Preformed Polymer Tape
Epoxy

Segment by Application
Urban Road
Expressway
Others

By Company
Geveko Markings
LANINO
Dow Chemical Company
Sherwin-Williams Company
Asian Paints
Crown Technologies
Nippon Paint Holdings
SealMaster

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E