The report "Road Marking Materials Market by Type (Performance-based Markings & Paint-based Markings), Application (Road & Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, and Anti-skid Marking), and Region - Global Forecast to 2025" The road marking materials market is projected to grow from USD 6.1 billion in 2020 to USD 7.5 billion by 2025, at a CAGR of 4.4% from 2020 to 2025. The market is witnessing average growth across the world due to factors such as, increased spending on safer roads, and new infrastructure and roadway projects in emerging economies.
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What material is used for road markings?
Road markings are typically made using paint, thermoplastic, or preformed tape. Each material has its own characteristics and advantages:
1.Paint:
- Type: Water-based or solvent-based paint.
- Application: Applied in liquid form using specialized equipment.
- Advantages: Cost-effective, easy application, and suitable for various road types. However, it may wear off more quickly than other materials.
2.Thermoplastic:
- Type: A type of polymer that becomes liquid when heated and solidifies upon cooling.
- Application: Heated and applied in a molten state using specialized equipment. It forms a durable, long-lasting marking.
- Advantages: Highly durable, reflective, and resistant to wear and tear. Often used for high-traffic areas.
3.Preformed Tape:
- Type: Strips of reflective tape with adhesive backing.
- Application: The tape is pre-cut and applied to the road surface.
- Advantages: Quick and easy application, especially for temporary markings. Provides good visibility and durability.
The choice of material depends on factors such as the type of road, traffic volume, and budget considerations. High-traffic areas or locations with harsh weather conditions may require more durable materials like thermoplastic, while paint or tape might be suitable for less demanding situations. Road authorities and engineers often consider these factors when selecting the appropriate material for road markings.
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By application, airport markings segment is estimated to be the fastest-growing segment of road marking materials market from 2020 to 2025.
By application, the airport markings application segment is projected to growth with the highest CAGR in the global road marking materials market, during the forecast period. The high growth of the airport marking application segment is primarily due to the significance of airport safety. These markings guide airplanes coming into and going out from a runway or taxiway, provide situational awareness, provide an essential visual aid to authorities, and promote overall airfield safety. These factors are estimated to drive the growth of airport markings segment in the road marking materials market during the forecast period.
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Asia Pacific is estimated to register the highest growth in the global road marking materials market during forecast period
Asia Pacific is projected to be the fastest growing market for road marking materials during the forecast period. The growing demand for road marking materials is primarily driven by the increasing investments in the civil construction sector, as well as the growing need for safer roads. The various infrastructural activities by emerging economies like China and India is driving the growth of the Asia Pacific Road marking materials market during the forecast period. These factors are estimated to lead the road marking materials market in Asia Pacific region.
The Sherwin-Williams Company (US), Ennis-Flint, Inc. (US), SWARCO AG (Austria), Geveko Markings (Denmark), SealMaster (US), 3M (US), Aximum (France), Rembrandtin Lack GmbH Nfg. KG (Austria), Crown Technology, LLC (US), Basler Lacke (Switzerland), and Ozark Materials, LLC (US) are the key players in road marking materials market.
For More Insights on Road Marking Materials Market- https://www.prnewswire.com/news-releases/road-marking-materials-market-worth-7-5-billion-by-2025--exclusive-report-by-marketsandmarkets-301191938.html
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