ROAD MARKING MATERIALS MARKET ANALYSIS

Road Marking Materials MarketSize and Trends

Road marking materials are used to make road markers on pathways and roadways are to provide information to driver and pedestrians and provide signs on motorways, streets, berms, parking areas and airfields. Markings are standardized and improve road safety and to avoid confusion in driveways. Road marking materials are classified into two types of materials that are paint based marking and performance based marking. Performance based marking is further categorized into cold plastics and thermoplastics and paint based marking are categorized into water-based, epoxy, polyurethane-based paints and solvent based paints. Paint based marking is estimated to drive the road marking materials market over the forecast period.

Paint based marking, specifically water based paints, is expected to fuel the demand for the global road marking materials market with increase in production capacity coupled with rapid urbanization and low cost of paints. Epoxy paints are paint based marking material which is expected to gain traction in the forecast period for the road marking materials market due to its low rate of dirt pickup and has exceptional adhesive properties. Technological advancement to decrease maintenance cost such as intelligent road marking system, increasing application in airways and government safety standards are some of the factors to drive the global road marking materials market during the forecast period. Thermoplastics and solvent based paints are extensively used for road marking due to various properties such as quick drying, inexpensive, enhance adhesion to oily and asphaltic surfaces. In new developments cold plastics are new economical materials which comprise of water-reducing agent, thermoplastic resin, mineral filler, and colorant which have high potential of growth in the global road marking materials market. Polymerization is a chemical reaction which helps the plastic to harden onto the road surfaces. Owing to these factors global road marking materials market is expected to increase at a significant growth rate over the forecast period (2017-2025).

Road Marking Materials Market Taxonomy