SAN FRANCISCO, April 21, 2016 /PRNewswire/ --
The global traffic road marking coating market is expected to reach USD 5.35 billion by 2022, according to a new report by Grand View Research, Inc. Growing infrastructure spending in emerging economies of Asia Pacific and the Middle East is expected to drive the global industry over the forecast period.
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Various governmental initiatives to reduce accidents is anticipated to influence further industry growth over the forecast period. Regional governments have been developing strategies to minimize highway & street fatalities.
The intelligent marking system is one of the major technological breakthroughs for highway & street safety. Also, manufacturers have been conducting research and development initiatives to develop night glow and temperature-sensitive paints which are expected to create new avenues for investment in the near future. Maintenance and repainting business for highway & street maintenance and safety purpose is anticipated to establish as growth opportunity over the forecast period.
Paint emerged as the leading product segment with demand share estimated at 44.7% in 2014. The industry is anticipated to witness stable growth from 2015 to 2022 on account of increasing preference of alternatives such as thermoplastics.
Browse full research report with TOC on "Traffic Road Marking Coating Market Analysis By Product (Paint, Thermoplastic, Preformed Polymer Tape, Epoxy) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/traffic-road-marking-coatings-market
Further key findings from the report suggest:
Grand View Research has segmented the traffic road marking coating market on the basis of product and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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