The marking materials market share is expected to grow at a CAGR of over 4% during the period 2020–2025.
A recent report published by Arizton on global marking materials market projects that the market is going to register a growth CAGR of more than 4% during 2019-2025.
Road marking material suppliers are likely to be affected by the outbreak of the COVID-19 in 2020 and in the Q1 2021. Maintenance projects are expected to take a hit across regions in terms of delayed calls for tender submission or limiting the maintenance aspect to city limits or central business districts.
The marking material market research report considers the present scenario of the industry and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.
What are the Leading Market Trends Driving the Global Marking Materials Market Growth?
Here are the list of trends and drivers that are impacting the revenues and profitability in the marking materials market:
- Traction in Preformed Systems
- Vulnerability to COVID-19
- Introduction of Environment-friendly Marking Materials
- Growth in Number of Airports
Which Segment will have the Largest Market Share in the Global Marking Material Market by 2025?
This research report includes detailed segmentation by material, end-user, and geography.
- The water-based segment is expected to observe an incremental growth of over $580 million. Water-based solutions are being environmentally friendly as they reduce road striping volatile organic compounds emissions by over 60%.
- The roads and highways segment is likely to cross the revenue of over $4 billion due to the high growth opportunities of road marking materials in APAC countries, especially China.
- Europe is projected to experience an absolute growth of over 30% on account of favorable government support and strongly-aided high private investments in the construction industry
Market Segmentation by Materials
- Cold Plastic
Market Segmentation by End-user
- Roads & Highways
- Transportation Stations
- Warehouse & Factories
Read the Report : Road Marking Materials Market – Global Outlook and Forecast 2020-2025
Asia Pacific , North America or Europe, Which Region will Emerge as the Dominant market in the Global Road Marking Materials Industry?
The APAC is one of the largest air travel markets that recorded a high air passenger traffic of over 1,500 million in 2018. The region accounts for almost 35% of the global air passengers. The marking materials demand is growing in Asia Pacific since the region has several global airports, warehouses, factories, and transportation stations. The market is also growing as the IMF and/World Bank-financed projects in urban cities of China, India, Australia, Japan, and South Korea has witnessed high growth.
The market demand is expected to accelerate further as China is focused on improving the transport grid system, comprising 10 north-south and 10 east-west corridors by linking and extending the main routes during the forecast period.
Market Segmentation by Geography
- North America
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
Who are the Key Market Players in the Global Road Marking Materials Market? What Strategies they are Adopting to have a competitive advantage in the Industry?
The road marking materials market size is highly competitive as it is characterized by low entry barriers with no major requirement in technology or capital investment. The industry is largely unorganized, especially in APAC, Africa, and Latin America. The pricing pressure is high in the industry on account of a large number of unorganized players in the market.
The APAC region alone has over 60% unorganized players, which is not the case in mature regions such as Europe and North America. Vendors are manufacturing a wide range of road markings products such as thermoplastic road marking materials, parking marking, primers for application of thermoplastic road marking paints, and road marking machinery.
- Geveko Markings
- Business Overview
- Major Product Offerings
- Key Strengths
- Key Strategies
- Key Opportunities
- Basler Berlac
- Sherwin Williams
- Automark Technologies
Other Prominent Vendors
- Business Overview
- Product Offerings
- DGA Group
- Hitex International Group
- Crown Technology LLC
- Ampere System
- Ore Paint
- Sunrise Overseas
- Helios Road Marking Materials
- Asian Paints PPG Pvt. Limited
- Ozark Materials LLC
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