Road Marking Paint Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DPC712 | Last Updated On: Feb 25 2021 | No. of Pages: 180 | Available Formats

> Global Road Marking Paint Market Expected to reach a high CAGR of 5.1% By 2027: DataM Intelligence

Global Road Marking Paint Market is segmented By Type (Thermoplastic, Water-Based, Solvents Based, Two-Component, Bio Renewable, Others), By Applications (Roads, Airports, Parking Lot, Ports, Commercial/ Manufacturing Industries, Private Apartments, Racing Tracks/ Children Parks, Others), By Marking Machines (Trucks, Self Propelled Machines, Hand Guided Machines), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The Global Road Marking Paint Market is expected to grow at a CAGR of 5.1% during the forecasting period (2020-2027).

Road marking paint is made up of three main components: pigments, binders, and solvents. These are generally of 3 types: thermoplastic, solvent-based and water-based road marking paint. It is used to mark travel lanes, mark spaces in parking lots or special purpose spaces for disabled parking, loading zones, or time-restricted parking be used in different colors based on the applications vary by locality. Road marking paints have been gaining importance because they are made of reflective mat making, making it easier for travellers to drive on the road at poor vi. They, they indicate the danger zone avoids overspeeding, speeding and provide more road attractive roads.  

Thermoplastic is one of the most common types of road marking paint, and it is applied on the road by a hot melt kettle, which melts the powder. The coating then becomes hard, bright and reflective after cooling makes it suitable for use on highways and roads.

Source: DataM Intelligence Analysis (2019)

Market Dynamics

The global road marking paints market growth is driven by increasing awareness on road safety, better road infrastructure and regular maintenance of roads.

The increasing awareness on road safety is expected to drive the market over the forecast period

The increasing demand for road marking paints is due to the increasing road accident cases worldwide. According to the World Health Organization report, 2021, Nearly 1.35 million people die each year due to road accidents. Further, it is aimed to reduce the death ratio from road accidents by half bThe countries take various initiatives countries to reduce the accident cases, such as the widening of road marking lines. According to the MDPI report, 2020, European countries like Belgium, Germany, and Sweden have started using markings up to 30 cm in width. Sweden increased their longitudinal road marking’s width to improve visibility at night, from 10 to 15 cm on the axis and from 20 to 30 cm at the edges, which reduces the speed by 2.91 kmph. Hence, shifting towards road safety initiatives will boost the road marking paint market.

Alternatives of road marking paints are expected to hinder the market growth

On the contrary, road marking paints are replaced by cold plastic, spray plastic as these provide more durability, eliminate the need for large equipment, require less time, unlike paints that need time to get dried.

COVID-19 Impact Analysis

Due to the pandemic, stakeholders across the road marking paints market have seen a notable impact as all the construction and industrial projects are delayed or revised all over the world. According to the Economic Times report, 2021, construction of everything from roads to ports was behind schedule by an average of three-and-a-half years. Costs of 1,682 projects were expected up to 4 trillion rupees ($54 billion). India’s largest project Bharatmala Pariyojana was scheduled for completion in 2021-22, is now likely to get completed by 2025-26, ICRA. Till February 2020, 246 road projects with a total length of about 10,100 km were granted under BMP Phase-I at a total cost of Rs 2.38 lakh crore. Also, there was a huge toll revenue loss for national and state highways in the lockdown, which highway roads' maintenance roads further, resulting in a loss for the road marking paint market.

On the other covering to cover up all the existing construction has been paced up, which will help boost the road marking paint market in the upcoming years globally.

Segmentation Analysis

By type, the road marking paints market is classified into thermoplastic, water-based, solvent-based and others.

The thermoplastic paint segment is expected to grow at the fastest CAGR during the forecast period (2020-2027)

The thermoplastic type paint has the most considerable revenue in the global road marking paint market in terms of volume and value. The growing demand for thermoplastic paint is due to the following advantages: high durability due to high strength materials, better safety as the paint is made up of reflective materials and these paints can be used in different forms of marking based on the use. Thermoplastic paint has been used in various big projects worldwide. According to the Hindu report, 2018, the National Highway connecting Mumbai and Mirudhunagar has been provided by barricade created with thermoplastic paint across the lanes that light up an entire stretch in the night and provide greater safety at the roads. In Spain, the national road system extends about 164.000 Km of extension: 26.000 km main roads, 72.000 km, national roads, and 68.000 to regional routes which cater to the demand of the horizontal marking market in Spain depends mostly on public tenders for road maintenance covering signs, lighting, handrails etc.                There are generally companies 35 companies gathered in ACEX, covering 85% of trading paintings in Spain.

Asia pacific market segment is expected to grow at the fastest CAGR during the forecast period (2020-2027)

The Asia Pacific dominates the road marking paints market and is expected to grow during the forecast period as the region observed a significant growth in the construction sector and guidelines towards road safety. According to the Statista report, 2019, the Asia Pacific region holds the largest paint and coating market with an estimated value of 77 billion U.S. dollars. Moreover, China's Belt and Road Initiative, which aims to build connectivity and co-operation across six main economic corridors encompassing China, Russia, Eurasian countries; Central and West Asia, Pakistan, and other countries of the Indian sub-continent, will help to develop the infrastructure of various countries and is expected to boost the market in the forecast period.

Europe has also seen significant growth in road marking paint with the introduction of road safety practices. For instance, the output from Europe's road construction industry reached 1.64 trillion Euros in 2016, and the implementation of regulations like the widening of road markings will be likely to boost the road marking paint market.

Competitive Landscape

The road marking paints market is consolidated and highly competitive with a few local players, followed by global companies contributing to the market's significant share. Leading key players contributing to the market's growth are Sherwin Williams, Swarco, Geveko Markings, Ennis-Flint, Hempel, Asian Paints PPG, Sealmaster, Berger Paints, Nippon Paint Holdings Co., andBASF Coatings.

The major players are adopting various new strategies to dominate the market, such as launching high quality paints, acquisitions, and collaborations responsible for the growth of the road marking paints market globally.

Sherwin Williams

Overview: Sherwin Williams is an American company in the paint and coating manufacturing industry. The company, with headquarters in Cleveland, U.S. and has been operating in over 120 countries.

Product Portfolio: The Company is engaged in the manufacture, sales and distribution of paints, coating, primers, wood stain, sealers, aerosols, faux finishing and floor coatings and various related products.

Key Development: In 2020, Sherwin Williams was the leading paints and coatings company globally with revenue of 18 billion U.S. dollars.

Also, in 2020, Sherwin-Williams Company announced establishing its new global headquarters in downtown Cleveland and its new R&D center in the Cleveland suburb. The investment for both facilities will be around $600 million.

Why Purchase the Report?

  • Visualroad marking segmentation marking paints market segmentation by type, applications, marking machines and region, highlighting the key commercial assets and players.
  • Identify commercial opportunities in the road marking paints market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of road marking paints market-level 4/5 segmentation.
  • 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

The global road marking paints market report would provide access to an approx: 63 market data table, 53 figures and 240 pages.

Target Audience

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

Related Topic’s

Paint Additives Market

Paints and Coatings Market

 

Table of Contents

  1. Road Marking Paints Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Road Marking Paints Market – Market Definition and Overview

  3. Road Marking Paints Market – Executive Summary

    1. Market Snippet by Type
    2. Market snippet by Applications
    3. Market snippet by Marking Machines
    4. Market Snippet by Region
  4. Road Marking Paints Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Increasing awareness on road safety
        2. Demand for better road infrastructure
      2. Restraints:
        1. Alternatives for road marking paints
      3. Opportunity
      4. Impact Analysis
  5. Road Marking Paints Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Pricing Analysis
    4. Regulatory Analysis
    5. Reimbursement Analysis
    6. Unmet Needs
  6. Road Marking Paints Market– COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Road Marking Paints Market– By Type

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
    3. Market Attractiveness Index, By Type
      1. Thermoplastic*
        1. Introduction
        2. Market Size Analysis and Y-o-Y Growth Analysis (%)
      2. Water-Based
      3. Solvents Based
      4. Two-Component
      5. Bio Renewable
      6. Others
  8. Road Marking Paints Market – By Applications

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applications
    3. Market Attractiveness Index, By Applications
      1. Roads*
        1. Introduction
        2. Market Size Analysis and Y-o-Y Growth Analysis (%)
        3. Highway
        4. Urban Roads
      2.  Airports
      3.  Parking Lot
      4. Ports
      5. Commercial/ Manufacturing Industries
      6. Private Apartments
      7. Racing Tracks/ Children Parks
      8. Others
  9. Road Marking Paints Market – By Marking Machines

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Marking Machines
    3. Market Attractiveness Index, By Marking Machines
      1. Trucks*
        1. Introduction
        2. Market Size Analysis and Y-o-Y Growth Analysis (%)
      2.  Self Propelled Machines
      3.  Hand Guided Machines
  10. Road Marking Paints Market – By Region

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), by Region
    3. Market Attractiveness Index, By Region
    4. North America*
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applications
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Marking Machines
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    5. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applications
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Marking Machines
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    6. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applications
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Marking Machines
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    7. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applications
      5.             Market Size Analysis, and Y-o-Y Growth Analysis (%), By Marking Machines
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    8. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Applications
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Marking Machines
  11. Road Marking Paints Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  12. Road Marking Paints Market- Company Profiles

    1. Sherwin Williams
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Swarco
    3. Geveko Markings
    4. Ennis-Flint
    5. Hempel
    6. Asian Paints PPG
    7. Sealmaster
    8. Berger Paints
    9. Nippon Paint Holdings Co.
    10. BASF Coatings (List Not Exhaustive)
  13. Road Marking Paints Market – Premium Insights

  14. Road Marking Paints Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

 

List of Tables & Figures

List of Tables

Table-1     Global Road Marking Paints Market Value, By Type, 2019, 2023 & 2027 ($ Million)

Table-2    Global Road Marking Paints Market Value, By Applications, 2019, 2023 & 2027 ($ Million)

Table-3    Global Road Marking Paints Market Value, By Marking Machines, 2019, 2023 & 2027 ($ Million)

Table-4    Global Road Marking Paints Market Value, By Region, 2019, 2023 & 2027 ($ Million)

Table-5    Global Road Marking Paints Market Value, By Type, 2019, 2023 & 2027 ($ Million)

Table-6    Global Road Marking Paints Market Value, By Type, 2018-2027 ($ Million)

Table-7     Global Road Marking Paints Market Value, By Applications, 2019, 2023 & 2027 ($ Million)

Table-8    Global Road Marking Paints Market Value, By Applications, 2018-2027 ($ Million)

Table-9    Global Road Marking Paints Market Value, By Marking Machines, 2019, 2023 & 2027 ($ Million)

Table-10  Global Road Marking Paints Market Value, By Marking Machines, 2018-2027 ($ Million)

Table-11   Global Road Marking Paints Market Value, By Region, 2019, 2023 & 2027 ($ Million)

Table-12   Global Road Marking Paints Market Value, By Region, 2018-2027 ($ Million)

Table-13   North America Road Marking Paints Market Value, By Type, 2018-2027 ($ Million)

Table-14   North America Road Marking Paints Market Value, By Applications, 2018-2027 ($ Million)

Table-15   North America Road Marking Paints Market Value, By Marking Machines, 2018-2027 ($ Million)

Table-16   North America Road Marking Paints Market Value, By Country, 2018-2027 ($ Million)

Table-17   South America Road Marking Paints Market Value, By Type, 2018-2027 ($ Million)

Table-18  South America Road Marking Paints Market Value, By Applications, 2018-2027 ($ Million)

Table-19   South America Road Marking Paints Market Value, By Marking Machines, 2018-2027 ($ Million)

Table-20  South America Road Marking Paints Market Value, By Country, 2018-2027 ($ Million)

Table-21   Europe Road Marking Paints Market Value, By Type, 2018-2027 ($ Million)

Table-22  Europe Road Marking Paints Market Value, By Applications, 2018-2027 ($ Million)

Table-23  Europe Road Marking Paints Market Value, By Marking Machines, 2018-2027 ($ Million)

Table-24  Europe Road Marking Paints Market Value, By Country, 2018-2027 ($ Million)

Table-25  Asia-Pacific Road Marking Paints Market Value, By Type, 2018-2027 ($ Million)

Table-26  Asia-Pacific Road Marking Paints Market Value, By Applications, 2018-2027 ($ Million)

Table-27  Asia-Pacific Road Marking Paints Market Value, By Marking Machines, 2018-2027 ($ Million)

Table-28  Asia-Pacific Road Marking Paints Market Value, By Country, 2018-2027 ($ Million)

Table-29  Middle East & Africa Road Marking Paints Market Value, By Type, 2018-2027 ($ Million)

Table-30  Middle East & Africa Road Marking Paints Market Value, By Applications, 2018-2027 ($ Million)

Table-31   Middle East & Africa Road Marking Paints Market Value, By Marking Machines, 2018-2027 ($ Million)

Table-32  Sherwin Williams: Overview

Table-33  Sherwin Williams: Product Portfolio

Table-34  Sherwin Williams: Key Developments

Table-35  Swarco: Overview

Table-36  Swarco: Product Portfolio

Table-37  Swarco: Key Developments

Table-38  Geveko Markings: Overview

Table-39  Geveko Markings: Product Portfolio

Table-40  Geveko Markings: Key Developments

Table-41   Ennis-Flint: Overview

Table-42  Ennis-Flint: Product Portfolio

Table-43  Ennis-Flint: Key Developments

Table-44  Hempel: Overview

Table-45  Hempel: Product Portfolio

Table-46  Hempel: Key Developments

Table-47  Asian Paints PPG: Overview

Table-48  Asian Paints PPG: Product Portfolio

Table-49  Asian Paints PPG: Key Developments

Table-50  Sealmaster: Overview

Table-51   Sealmaster: Product Portfolio

Table-52  Sealmaster: Key Developments

Table-53  Berger Paints: Overview

Table-54  Berger Paints: Product Portfolio

Table-55  Berger Paints: Key Developments

Table-56  Nippon Paint Holdings Co.: Overview

Table-57  Nippon Paint Holdings Co.: Product Portfolio

Table-58  Nippon Paint Holdings Co.: Key Developments

Table-59  BASF Coatings: Overview

Table-60  BASF Coatings: Product Portfolio

Table-61   BASF Coatings: Key Developments

 

List of Figures

Figure-1              Global Road Marking Paints Market Share, By Type, 2019 & 2027 (%)

Figure-2             Global Road Marking Paints Market Share, By Applications, 2019 & 2027 (%)

Figure-3             Global Road Marking Paints Market Share, By Marking Machines, 2019 & 2027 (%)

Figure-4             Global Road Marking Paints Market Share, By Region, 2019 & 2027 (%)

Figure-5             Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-6             Global Road Marking Paints Market Y-o-Y Growth, By Type, 2019-2027 (%)

Figure-7             Thermoplastic: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-8             Water Based: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-9             Solvents Based: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-10           Two Component: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-11            Bio Renewable: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-12           Global Road Marking Paints Market Y-o-Y Growth, By Applications, 2019-2027 (%)

Figure-13           Roads: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-14           Airports: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-15           Parking Lot: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-16           Ports: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-17           Coomercial Industries: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-18           Private Apartments: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-19           Racing Tracks: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-20          Global Road Marking Paints Market Y-o-Y Growth, By Marking Machines, 2019-2027 (%)

Figure-21           Trucks: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-22           Self Propelled Machines: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-23           Hand Guided Machines: Global Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-24           Global Road Marking Paints Market Y-o-Y Growth, By Region, 2019-2027 (%)

Figure-25           North America Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-26           North America Road Marking Paints Market Share, By Type, 2019 & 2027 (%)

Figure-27           North America Road Marking Paints Market Share, By Applications, 2019 & 2027 (%)

Figure-28          North America Road Marking Paints Market Share, By Marking Machines, 2019 & 2027 (%)

Figure-29           North America Road Marking Paints Market Share, By Country, 2019 & 2027 (%)

Figure-30          South America Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-31           South America Road Marking Paints Market Share, By Type, 2019 & 2027 (%)

Figure-32           South America Road Marking Paints Market Share, By Applications, 2019 & 2027 (%)

Figure-33           South America Road Marking Paints Market Share, By Marking Machines, 2019 & 2027 (%)

Figure-34           South America Road Marking Paints Market Share, By Country, 2019 & 2027 (%)

Figure-35           Europe Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-36           Europe Road Marking Paints Market Share, By Type, 2019 & 2027 (%)

Figure-37           Europe Road Marking Paints Market Share, By Applications, 2019 & 2027 (%)

Figure-38          Europe Road Marking Paints Market Share, By Marking Machines, 2019 & 2027 (%)

Figure-39           Europe Road Marking Paints Market Share, By Country, 2019 & 2027 (%)

Figure-40          Asia-Pacific Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-41           Asia-Pacific Road Marking Paints Market Share, By Type, 2019 & 2027 (%)

Figure-42           Asia-Pacific Road Marking Paints Market Share, By Applications, 2019 & 2027 (%)

Figure-43           Asia-Pacific Road Marking Paints Market Share, By Marking Machines, 2019 & 2027 (%)

Figure-44           Asia-Pacific Road Marking Paints Market Share, By Country, 2019 & 2027 (%)

Figure-45           Middle East & Africa Road Marking Paints Market Value, 2018-2027 ($ Million)

Figure-46           Middle East & Africa Road Marking Paints Market Share, By Type, 2019 & 2027 (%)

Figure-47           Middle East & Africa Road Marking Paints Market Share, By Applications, 2019 & 2027 (%)

Figure-48          Middle East & Africa Road Marking Paints Market Share, By Marking Machines, 2019 & 2027 (%)

Figure-49           Sherwin Williams: Financials

Figure-50          Swarco: Financials

Figure-51           Geveko Markings: Financials

Figure-52           Ennis-Flint: Financials

Figure-53           Hempel: Financials

Figure-54           Asian Paints PPG: Financials

Figure-55           Sealmaster: Financials

Figure-56           Berger Paints: Financials

Figure-57           Nippon Paint Holdings Co.: Financials

Figure-58          BASF Coatings: Financials

 

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Get your FREE SAMPLE PROPOSAL with a single click!

linkedinpinterest