Road Marking Paints and Coatings Market Introduction and Overview
According to SPER Market Research, the Global Road Marking Paints and Coatings Market is estimated to reach USD 12.99 billion by 2033 with a CAGR of 6.47%.
The report includes an in-depth analysis of the Global Road Marking Paints and Coatings Market, including market size and trends, product mix, applications, and supplier analysis. One kind of road marking used to improve safety and visibility on roads is paint or coating. These provide long-lasting markings that are reflective even in damp environments by using thermoplastic or prefabricated polymer materials that are robust and retroreflective. When used as lines, symbols, or legends, these marks outperform ordinary water-based paints in terms of aiding in driver guidance and improving night-time vision in rain, snow, and other challenging situations.
- January 2022; Oré Peinture, a French maker of safety supplies and road marking paint, purchased Geveko Markings and went into business with them.
- August 2023; Sui Colour created a brand-new item for their All Paint paint line: Vi-All is a solvent-free, water-based road marking paint made entirely of acrylic that has extremely few volatile organic compounds (VOCs). It doesn't contaminate the surroundings.
Market Opportunities and Challenges
There is a demand for additional roads and highways due to the increase in infrastructure development projects. In addition to being crucial, maintaining the current infrastructure necessitates using these paints and coatings more widely. Thus, rising building activity around the world will keep driving up sales of road marking paint and coating. The demand for effective traffic management and road safety has grown as cities grow, and road marking paints are essential to these goals. Globally, governments are making significant investments in the construction of public infrastructure. New smart city projects are being introduced by them. Paints and varnishes for road markings are therefore in high demand as a result of this. Environmental obstacles exist in the road construction business, notwithstanding its potential for expansion. Road construction frequently results in deforestation, which affects wildlife populations, beautiful landscapes, and animal habitats. Concerns about the environment might also arise from increasing vehicle emissions brought on by more traffic on newly constructed roads and lanes. These elements could impede market expansion, together with shifting raw material prices and more stringent laws governing volatile organic compound (VOC) emissions from building operations.
Market Competitive Landscape
The market for road marking paints and coatings worldwide is quite fragmented, with major players holding the majority of market share. Tier-1 players are expanding their global footprints in emerging markets and reducing competition by acquiring other companies. In contrast, tier-2 and tier-3 players are concentrating on developing high-quality products, fortifying supply networks, and increasing manufacturing capacity in order to satisfy the growing demand from end customers. Some of the major players of the market are Sherwin Williams Company, Asian Paints PPG, Pidilite Industries, Helios Road Markings, Berger paints, US Specialty Coatings, Aexcel Corporation, Fleet Line Markers Ltd., Nippon Paints, Crown USA Inc. and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Material Type, By Marking Type, By Application
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Sherwin Williams Company, Asian Paints PPG, Pidilite Industries, Helios Road Markings, Berger paints, US Specialty Coatings, Aexcel Corporation, Fleet Line Markers Ltd., Nippon Paints, Crown USA Inc. and others.
|
COVID-19 Impact on Global Road Marking Paints and Coatings Market
The COVID-19 pandemic had a detrimental effect on the market because large cities implemented stringent lockdowns that halted road development. For example, the building industry, which was vulnerable to the economic cycle, saw a sharp decline in demand as a result of the suspension of operating and manufacturing activity. COVID-19 worsened the economic situation, which was already hampered by the industry's shortage of liquidity. Many projects have been abandoned at different points in time as a result of the swift and severe lockdown enforced by various governments. The absence of manpower services led to a notable decline in the market for road marking paints and coatings.
Key Target Audience:
- Government Agencies & Public Authorities
- Construction & Road Maintenance Companies
- Testing Laboratories & Certification Bodies
- Paint and Coatings Manufacturers
Our in-depth analysis of the Road Marking Paints and Coatings Market includes the following segments:
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By Material Type: |
Marking Tape
Thermoplastics
Cold Plastics
Solvent-borne Markings
Water-borne Markings
2-Component Epoxy
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|
By Marking Type: |
Permanent
Removable
|
|
By Application: |
Road and Highway Marking
Pavement Marking
Parking Lot Marking
Factory Marking
Airport Marking
Field Marking
Others
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Key Topics Covered in the Report:- Global Road Marking Paints and Coatings Market Size (FY’2024-FY’2033)
- Overview of Global Road Marking Paints and Coatings Market
- Segmentation of Global Road Marking Paints and Coatings Market By Material Type (Marking Tape, Thermoplastics, Cold Plastics, Paint-Based Markings, Solvent-borne Markings, Water-borne Markings, 2-Component Epoxy, Others)
- Segmentation of Global Road Marking Paints and Coatings Market By Marking Type (Permanent, Removable)
- Segmentation of Global Road Marking Paints and Coatings Market By Application (Road and Highway Marking, Pavement Marking, Parking Lot Marking, Factory Marking, Airport Marking, Field Marking, Others)
- Statistical Snap of Global Road Marking Paints and Coatings Market
- Expansion Analysis of Global Road Marking Paints and Coatings Market
- Problems and Obstacles in Global Road Marking Paints and Coatings Market
- Competitive Landscape in the Global Road Marking Paints and Coatings Market
- Impact of COVID-19 and Demonetization on Global Road Marking Paints and Coatings Market
- Details on Current Investment in Global Road Marking Paints and Coatings Market
- Competitive Analysis of Global Road Marking Paints and Coatings Market
- Prominent Players in the Global Road Marking Paints and Coatings Market
- SWOT Analysis of Global Road Marking Paints and Coatings Market
- Global Road Marking Paints and Coatings Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Road Marking Paints and Coatings Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Road Marking Paints and Coatings Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Road Marking Paints and Coatings Market
7. Global Road Marking Paints and Coatings Market, By Material Type (USD Million) 2020-2033
7.1. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Material Type, 2020-2026
7.2. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Material Type, 2027-2033
7.3. Marking Tape
7.4. Thermoplastics
7.5. Cold Plastics
7.6. Solvent-borne Markings
7.7. Water-borne Markings
7.8. 2-Component Epoxy
7.9. Others
8. Global Road Marking Paints and Coatings Market, By Marking Type (USD Million) 2020-2033
8.1. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Marking Type, 2020-2026
8.2. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Marking Type, 2027-2033
8.3. Permanent
8.4. Removable
9. Global Road Marking Paints and Coatings Market, By Application (USD Million) 2020-2033
9.1. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Application, 2020-2026
9.2. Global Road Marking Paints and Coatings Market Size, Share and Forecast, By Application, 2027-2033
9.3. Road and Highway Marking
9.4. Pavement Marking
9.5. Parking Lot Marking
9.6. Factory Marking
9.7. Airport Marking
9.8. Field Marking
9.9. Others
10. Global Road Marking Paints and Coatings Market, Forecast, 2020-2033 (USD Million)10.1. Global Road Marking Paints and Coatings Market Size and Market Share
11. Global Road Marking Paints and Coatings Market, By Region, 2020-2033 (USD Million)
11.1. Global Road Marking Paints and Coatings Market Size and Market Share By Region (2020-2026)
11.2. Global Road Marking Paints and Coatings Market Size and Market Share By Region (2027-2033)
11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Qatar
11.5.4. South Africa
11.5.5. Egypt
11.5.6. Morocco
11.5.7. Nigeria
11.5.8. Rest of Middle-East and Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America
12. Company Profile
12.1. SHERWIN WILLIAMS COMPANY
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. ASIAN PAINTS PPG
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. PIDILITE INDUSTRIES
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. HELIOS ROAD MARKINGS
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. BERGER PAINTS
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. US SPECIALTY COATINGS
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. AEXCEL CORPORATION
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. FLEET LINE MARKERS LTD.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. NIPPON PAINTS
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. CROWN USA INC.
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. OTHERS
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
