Marking Paints Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM1735 | Last Updated On: Jun 14 2022 | Available Formats

> Global Marking Paints Market Expected to reach a high CAGR of 6.0% by 2029: DataM Intelligence

Global Marking Paints Market is segmented by Type (Thermoplastic marking paint, Water-based marking paint, Solvent-based marking paint, Two-component marking paint, Others), By Application (Roads, Factories, Buildings, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global "Marking Paints Market" is expected to grow at a high CAGR of 6.0% during the forecasting period (2022-2029).

 

Market Dynamics

Increasing use of Marking Paints in road safety, high applications of marking paints in the construction industry, and high emphasis on workplace safety are the major factors boosting the global marking paints market.

The growth of the global manufacturing industry with a high emphasis on workplace safety is a major factor boosting the global marketing paints market's growth.

Changes in monetary and social conditions set apart by a significant increase in manufacturing indicate the growing rate of industrialization among the world's countries. According to the International Yearbook of Industrial Statistics 2018 released by United Nations Industrial Development Organizations (UNIDO), the world manufacturing value added (MVA) rose by 3.5% in 2017, the highest rate in the last seven years. Owing to these factors, the market for marking paints is expected to rise in the forecast period.

However, stringent regulations imposed by various organizations upon the VOC emissions and fluctuating raw material prices are the crucial factors that might impede the growth of the market in the forecast period.

Market Segment Analysis

The global Marking Paints market is segmented into roads, factories, buildings, and others based on the application.

The increasing population across the globe is a major propelling factor for the construction of roads. The US road network exceeds 6.58 million kilometers in total length. It comprises approximately 4.3 million kilometers of paved roads, including 76,334km of expressways and 2.28 million kilometers of unpaved roads. China has the world’s second-biggest road network, exceeding 4.24 million kilometers (as of 2012 data). National highways and provincial highways respectively comprise 4% and 7% of the Chinese road network. The country’s expressway network, which extends over 96,000km, is the world's biggest network of this type. India’s road network, which spanned over 4.1 million kilometers by 2012, ranks as the third biggest globally. The road network is the key transport infrastructure, accounting for 65% of freight and 80% of total passenger traffic. The Indian road network comprises over 79,000km of national highways and express highways, over 1.5 million kilometers of state highways, and approximately 4.4 million kilometers of district and village roads. National highways comprise slightly less than 2% of the road network but account for about 40% of total road traffic. Increasing emphasis on road safety and the need to avoid accidents and to guide traffic in an organized way is a major factor responsible for the road segment to dominate the global marking paints market in the forecast period. 

 

Geographical Share

The Global Marking Paints Market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

The Asia Pacific region is expected to dominate the global marking paints market due to the increasing population of Asian countries such as India and China and rising infrastructural developments.

According to the National Bureau of statistics, China, in 2018, the commercial building space sold in the region is increased from 157 million sq. meters in 2016 to 169.407 million sq. meters in 2017, and the residential buildings increased from 137.58 million sq. meters in 2016 to 144.788 million square meters in 2017. These are expected consistently during the forecast period. Furthermore, in India, as of December 2017, the government had formally approved 423 Special Economic Zones (SEZ) where most of which are commercial spaces, out of which c222 is in operation, and the rest of SEZs are expected to open for operation in the coming years. The majority of the SEZs are in the IT/ ITeS sector.

Moreover, an increasing number of roads and highway constructions coupled with the rising establishment of factories in the region is a major factor augmenting the growth of the marking paints market in the future. It is expected to propel market growth in the future.

Competitive Analysis

New product launches, expansion of facilities, mergers and acquisitions, and strategic partnerships are vital strategies adopted by most companies to contribute to the company's growth and improve their market growth rate.

Why Purchase the Report?

  • Visualize the composition of the Marking Paints in terms of various types and their applications, highlighting the key commercial assets and players.
  • Identify commercial opportunities in the Marking Paints market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Marking Paints market-level 4/5 segmentation.
  • A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

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