Market Highlights: Road Marking Paint is widely used on roads, highways, travel lanes, loading zones and parking spaces in order to ensure the smooth, safe and harmonious flow of traffic. The marking lines and sign labelling requires constant maintenance. The rise in focus on repair and maintenance operations are expected to be the major factors driving the global growth market. The market study is being classified by Type (Thermoplastic Marking Paint, Cold plastics Marking Paint, Polymer-Based Marking Paint, Two-Component Road Marking Paint, Water-based Marking Paint and Solvent Based Marking Paint), by Application (Roads & Streets, Parking Lots, Airports and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Road Marking Paint are 3M (United States), Sherwin-Williams (United States), Nippon Paint (Japan), Ennis Flint (United States), PPG Industries (United States), Asian Paints PPG (India), SealMaster (United States), Reda National Co. (Saudi Arabia), LANINO (South Africa), Swarco AG (Austria), Hempel (Denmark) and Geveko Markings (Sweden).
Major Market Development Highlights In April 2018, Ennis-Flint (US), a manufacturer and supplier pavement marking materials acquired the materials manufacturing business of VERNISOL SPA. VERNISOL provides high-quality and reliable products for the road safety application and has proven technical knowledge and expertise in traffic paints and MMA/cold plastics. This acquisition is expected to benefit the existing product portfolio of Ennis-Flint.
Key Questions Answered in the Report What will the Road Marking Paint Market size and the growth rate be in Future? What are the key factors driving the Road Marking Paint Market? What are the key market trends and macro-economic impacting the growth of the Road Marking Paint Market? What are the challenges to market growth? Who are the key vendors in the Road Marking Paint Market? What are the market opportunities and threats faced by the vendors in the Road Marking Paint Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Road Marking Paint Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Road Marking Paint market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Road Marking Paint market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Road marking materials manufacturers, Road marking materials traders, distributors, and suppliers, End-use market participants of different segments of road marking materials, Government and research organizations, Associations and industrial bodies, Research and consulting firms, R&D institutions, Environment support agencies, Investment banks and Private equity firms. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.