Traffic road marking coating plays an important role in maintaining road safety, particularly in four and six-lane roadways. Coating mainly helps to ensure smooth flow of traffic and thereby reduces number of road accidents. Generally, coating material is UV resistant, corrosion resistant, easy-to-apply, non-toxic and environment-friendly. Apart from traffic direction, traffic road marking coatings further act as a tool for controlling, warning, as well as providing information to drivers related to road direction and speed limits. Also, various types of road marking coatings available in the market such as paint, preformed polymer tape, thermoplastic, and epoxy.
Global Traffic Road Marking Coatings Market: Key Players
The research study includes profiles of leading companies operating in the global traffic road marking coatings market. Key players profiled in the report include: Vertex Group, The 3M Company, Geveko Markings, Dow Chemical Company, Asian Paints PPG Pvt. Ltd., Lanino Road Marking Products, Kataline Infraproducts Pvt. Ltd., Ozark Materials, LLC, Kestrel Thermoplastics Ltd., Crown Technology LLC, and WJ Products Ltd among others.
Drivers for the Global Traffic Road Marking Coatings Market:
According to current market condition, major driving factors for growth of the global traffic road marking coatings market includes increasing road accidents incidences and increasing traffic congestion. Also, rising demand to manage traffic flow, and improved road infrastructure, especially in emerging economies is expected to drive growth of the global traffic road marking coatings market in the near future. Moreover, increasing government initiatives for development of safe roadways also supports the market growth positively. Additional factors driving growth of the market include increasing roadway construction as well as maintenance of existing roadway infrastructure.
Opportunities for the Global Traffic Road Marking Coatings Market:
Development of established organizations in developing countries and increasing adoption of environment friendly as well as organic road marking materials are expected to provide various growth opportunities for the major market players in the near future. Manufacturers are taking initiatives to develop innovative marking systems and temperature-sensitive paints, which is expected to drive market growth.
Restrains for the Global Traffic Road Marking Coatings Market:
Although the traffic road marking coatings market revenue is expanding at a significant rate, there are few factors expected to hinder growth of the market, globally. In that, scarcity of raw materials is a major restraint for growth of the market. In addition, unavailability of resins, employed as a binder in cold plastics and thermoplastics road marking material and titanium dioxide which is utilized to blanch road marking have a major impact on all stakeholders.
Region Wise, Global Traffic Road Marking Coatings Market Analysis:
On the basis of region, global traffic road marking coatings market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Geographically, Asia Pacific market is estimated to account for major share in terms of revenue in the global traffic road marking coatings market, due to its increasing roadways infrastructure development and maintenance activity of the existing roadways. Adoption rate of traffic road marking coatings is projected to grow at fastest rate in market in Asia Pacific. Asia Pacific region is followed by North America and Europe.
Global Traffic Road Marking Coatings Market: Product analysis
- Preformed Polymer Tape
Global Traffic Road Marking Coatings Market: Application analysis
- Road Marking Lines
- Road Marking Labels
Global Traffic Road Marking Coatings Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East