ROAD MARKING PAINTS AND COATINGS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global road marking paints and coatings market is estimated to be valued at USD 2,158.17 Mn in 2024 and is expected to reach USD 2,897.85 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

Road marking paints and coatings are used to paint road surfaces, primarily for transportation purposes. These aid in traffic management and allow for smoother movement of vehicles. Road marking paints play a vital role in traffic guidance, defining travel paths and directions, lane separations and parking areas. These enhance visibility at night and under poor lighting conditions. Different types of materials are used in road marking depending on factors like intended use, durability required and weather conditions. Conventional solvent and water-based paints are widely used along with thermoplastic materials like epoxy and polyurea for longer life. Technological advancements have led to the development of materials with improved retro-reflection and durability.

 Market Dynamics:

Global road marking paints and coatings market growth is driven by growing road construction projects, infrastructural development, and maintenance of existing road networks worldwide. Government focus on road safety measures involving proper road signage and markings acts as a key opportunity. However, stringent environmental regulations around the use of solvent-based paints hampers the market growth. Rising raw material costs also impact the market negatively. The development of bio-based and recycled material-based coatings provide new opportunities in the near future. Market players are investing in R&D to formulate more sustainable and cost-effective solutions.

 Key Features of the Study:

• This report provides in-depth analysis of the global road marking paints and coatings market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global road marking paints and coatings market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Sherwin Williams Company, Asian Paints PPG, Aximum, Pidilite Industries, Helios Road Markings, Ennis-Flint, Inc., Berger paints, US Specialty Coatings, SealMaster, Geveko Markings, Dow Inc., Aexcel Corporation, Watco Industrial Floors, Shalimar Paints, Fleet Line Markers Ltd., Dulux Protective Coatings, Nippon Paints, Crown USA Inc., and ATS Traffic.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global road marking paints and coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Detailed Segmentation

• Material Type:
  • Performance-based
    • Marking Tape
    • Thermoplastics
    • Cold Plastics
    • Others
  • Paint-Based Markings
    • Solvent-borne Markings
    • Water-borne Markings
    • 2-Component Epoxy
    • Others
• Marking Type:
  • Permanent
  • Removable
• Application:
  • Road and Highway Marking
  • Pavement Marking
  • Parking Lot Marking
  • Factory Marking
  • Airport Marking
  • Field Marking
  • Others
• Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Sherwin Williams Company
  • Asian Paints PPG
  • Aximum
  • Pidilite Industries
  • Helios Road Markings
  • Ennis-Flint, Inc.
  • Berger paints
  • US Specialty Coatings
  • SealMaster
  • Geveko Markings
  • Dow Inc.
  • Aexcel Corporation
  • Watco Industrial Floors
  • Shalimar Paints
  • Fleet Line Markers Ltd.
  • Dulux Protective Coatings
  • Nippon Paints
  • Crown USA Inc.
  • ATS Traffic