What is Road Marking Materials Market Scope?
Road marking materials are used for marking roads in areas like state and national highways, private buildings, shopping complexes, industrial establishments, and others. These road markings can be as lines, patterns, symbols, or words which are essential for guiding and controlling the traffic while also providing guidance to pedestrians. Performance-based markings and paint-based markings are used utilizing highly reflective materials such as paints, two-component resins, thermoplastics, and preformed road markings like tapes. The road marking materials used on roads, pavements, and others and their durability are dependent on the traffic volume and location of the lines, and patterns.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Sherwin-Williams Company (United States), Geveko Markings (Denmark), Kelly Bros Ltd (United Kingdom), SWARCO LIMBURGER LACKFABRIK GmbH (Germany), Ozark Materials (United States), Ennis-Flint (United States), Crown USA, LLC (United States), SealMaster (United States), Basler Lacke AG (Switzerland), Kestrel Thermoplastics Ltd. (United Kingdom), Aximum (France), Federal Signal Corporation (United States), Kataline Group (India) and Automark Technologies (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Road Marking Materials market study is being classified by Type (Thermoplastics, Epoxy and Polyurea), by Application (State and National Highways, Private Buildings, Shopping Complexes, Industrial Establishments and Others) and major geographies with country level break-up.
Sherwin-Williams Company (United States), Geveko Markings (Denmark), Kelly Bros Ltd (United Kingdom), SWARCO LIMBURGER LACKFABRIK GmbH (Germany), Ozark Materials (United States), Ennis-Flint (United States), Crown USA, LLC (United States), SealMaster (United States), Basler Lacke AG (Switzerland), Kestrel Thermoplastics Ltd. (United Kingdom), Aximum (France), Federal Signal Corporation (United States), Kataline Group (India) and Automark Technologies (India) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Road Marking Materials market by Type, Application and Region.
On the basis of geography, the market of Road Marking Materials has been segmented into 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).
Market Influencers and their development strategies
On 2nd July 2019, Federal Signal Corporation completed the acquisition of the assets and operations of Mark Rite Lines Equipment Company, Inc. a leading U.S. manufacturer of truck-mounted and ride-on road-marking equipment. The acquisition includes the operations of HighMark Traffic Services, Inc., a wholly-owned subsidiary of MRL, which provides road-marking services, primarily within the state of Montana. The transaction involves initial consideration of USD 55.5 million, subject to post-closing adjustments. In addition, there is a contingent earn-out payment of up to USD15.5 million.
On 29th October 2021, Swarco’s acquisition of Hitex Group marks an expansion into the road markings sector in the UK. Swarco has closed a transaction to acquire 100percent of the shares of the family-owned business Hitex Holdings. The Hitex acquisition follows the course of seeking market opportunities with companies that are a good fit for users by having strong know-how in their field, a good market penetration, a high reputation, and a background of family ownership with a corporate culture similar to this company.
"According to Regulations, guidelines, and practices in the Nordic countries, In Denmark, Norway, and Sweden, the national regulations prescribe that the coverage of profiled markings, i.e. the area that is covered by road marking material relative to the total area (outer bounds) of the road marking, shall be at least 60%."
Influencing Market Trend
- Increasing Usage of HIghly Reflective Paint Materials for Road Marking
Market Drivers
- Growing Number of Traffic in Developing Regions
- Need for Guidance to Pedestrians & Riders for Safety and Easy Visibility of Roads
Opportunities
- Increasing Awareness about the Importance of Markingson Road and Release of Traffic and Incident Reports Due to Lack of Marking will the Road Marking Materials
- Growing Production and Research on the Chemicals and Materials Used for the Road Markings
Restraints
- High Cost and Imports and Export related Regulatory Guidelines with the Road Marking Materials
Challenges
- Strict Competition in the Road Marking Materials Market
Key Target Audience
Road Marking Materials Manufacturers, Road Marking Materials Distributors and Suppliers, Road Marking Materials International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Customization available in this Study:
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