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Road Marking Materials Market to Reach Valuation of US$ 5.66 Bn by 2024 - TMR

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News provided by

Transparency Market Research

26 Jun, 2019, 12:00 GMT

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ALBANY, New York, June 26, 2019 /PRNewswire/ -- The global road marking materials market is dominated by the leading five companies in the market, reports Transparency Market Research (TMR). The top 5 vendors hold roughly 65% of the total market share. Sherwin-Williams Company is leading revenue generator, accounting for 18.5% of the overall market share.

Vendors in the road marking materials market are prognosticated to expand to out of reach geographies in order to capture potential and emerging regions. This is one of the key growth strategies leveraged by road marking materials market vendors. Thus, vendors are employing schemes such as mergers and acquisitions, partnerships, and collaboration with domestic/regional players. For instance, Ennis Flint acquired Italian firm Vernisol SPA in April 2018.

Request a Sample of Global Road Marking Materials Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13655

Key vendors in the global road marking materials market are Swarco Limburger Lackfabrik GmbH, The Sherwin Williams Company, SealMaster, Geveko Markings, and Kelly Bros Erinline.

According to TMR analysts, the global road marking materials market is projected to rise at a 5.5% CAGR over the forecast period 2016 to 2024. Estimated to be worth US$3.50 bn in 2015, the global market is anticipated to reach US$5.66 bn by 2024.

Among the application segments, paint-based materials are predicted to remain in high demand throughout the forecast period. Among the regions, Asia Pacific is expected to gain prominence in the coming years. This could be accounted to the growing awareness levels regarding safety at work.

Is something restraining your company's growth in the Road Marking Materials Market? Ask for the report brochure here

Surge in Accidents to Propel Road Marking Materials Market

Road markings guide cyclists and pedestrians to guarantee the driving of their lanes. It also sets out stop and parking laws. The amount of traffic accidents has increased in South Africa and the UK. Every year, more than 1.2 mn individuals die from traffic accidents, injuring 50 million individuals worldwide. The rise in the amount of these impacts has encouraged governments of a number of countries in present and future actions to raise their road safety budget.

Several European and Asian nations are now discussing methods for road safety. In the coming years, demand in the global road marking materials market will see escalation on account of the mentioned factors.

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Road Marking Materials Market here

Experimentation with New Materials to Fuel Road Marking Materials Market Growth

The majority of the pavement marking paints are long-lasting, i.e. they remain longer than a year. Paint-based markings are commonly used as they have great adhesion and resistance to UV radiation to both concrete and bituminous surfaces. The oldest markings on the highway are paint-based markings. Because of the reflective glass beads, they are in high demand. In general, these materials are used to indicate lanes or parking areas. However, in terms of adhesion to substrates they give less brightness and less efficiency. However, in the years to come the elevated level of use of paint-based products will increase the global road marking materials market.

In addition, marking uniformity is standardized to prevent confusion on the highway and improve road safety. In addition, technical developments are being made to boost market potential for road marking products, including retro reflectivity, marking longevity, and low installation costs.

Sanctions and Approvals to be Key Road Marking Materials Market Trend

In October 2017, the Indian Government endorsed 83,677 kms of highways with 6.92 INR lakh crore by 2022 as its largest motorway building. President Akufo-Addo of Ghana endorsed a fresh road accident plan in April 2018. The instant application of an action plan to reduce road accidents has been approved by an executive order. Such acts are expected to emerge as leading trends in the global road marking materials market in the forthcoming years.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=13655

This information is comprised in the new report by TMR, titled "Road Marking Materials Market (Type - Performance-based Markings and Paint-based Markings; Application - Airport Marking, Road Marking, Factory Marking, and Car Park Marking) - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024."

The global road marking materials market is segmented as:

Type

  • Performance-based Markings
  • Paint-based Markings

Application

  • Airport Marking
  • Road Marking
  • Factory Marking
  • Car Park Marking
  • Others

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • France 
    • U.K.
    • Germany
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • Egypt
    • GCC
    • South Africa
    • Rest of MEA

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

  • Road Marking Coatings Market: https://www.transparencymarketresearch.com/road-marking-coatings-market.html
  • Asphalt Additives Market: https://www.transparencymarketresearch.com/asphalt-additives-market.html
  • Fly Ash Market: https://www.transparencymarketresearch.com/fly-ash-market-2018-2026.html
  • Bitumen Market: https://www.transparencymarketresearch.com/bitumen-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website:
 http://www.transparencymarketresearch.com 
Research Blog:
 http://www.europlat.org/

Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg

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