DUBLIN, April 8, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Road Marking Materials Market - Global Forecast to 2020" report to their offering.
The global road marking materials market size, in terms of value, is projected to reach USD 5.87 Billion by 2020, growing at a CAGR of 5.5% between 2015 and 2020. The increase in necessity for safety on roads and heavy investments in infrastructure development are key factors driving the growth of the global road marking materials market.
Road marking materials have one of the important applications in marking lines on airports and rubber removal services on runways and taxiways in both large and small airports. Airport marking was the fastest-growing application in 2014, and it is projected to continue, in terms of both value and volume, during the forecast period. Thermoplastics, cold plastics, polyurethane, and epoxy-based paints are commonly used for airport marking application.
Performance-based marking is projected to grow at the highest pace during the forecast period. Thermoplastics and cold plastics are the subtypes of performance-based markings. Thermoplastics subtype is one of the most commonly used surface marking materials owing to its increased durability, lack of VOC components, and excellent reflection properties at any time of the day and in wet conditions. Cold plastics subtype is designed for use in conditions where resistance to wear and tear is of great importance. Cold plastic markings are widely used in high traffic areas, where there is high snowfall. Cold plastic is a very durable product with limited application. It is used when an extended life of road markings is required.
Asia-Pacific was the largest market for road marking materials market, by value and volume, in 2014. Among the countries, China dominated the road marking materials market in 2014, closely followed by the U.S. India is the fastest-growing market in the world and is expected to surpass South Korea and Japan in the road marking materials market during the forecast period. The demand for road marking materials in Asia-Pacific is increasing. Moreover, international road marking materials manufacturing companies find it reasonable to manufacture road marking materials in the Asia-Pacific region than other regions due to the lower manufacturing cost, and availability of skilled work force.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Road Marking Materials Market, By Type
8 Road Marking Materials Market, By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
- Automark Technologies (India) Private Ltd.
- Aximum SA
- Crown Technologies, LLC
- Geveko Markings
- Kelly Bros Erinline
- Ozark Materials, LLC
- Reda National Co.
- Swarco Limburger Lackfabrik GmbH
- The Sherwin-Williams Company
For more information visit http://www.researchandmarkets.com/research/bcb8gl/road_marking
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SOURCE Research and Markets