Industry Background:
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.This growth is primarily driven by High Growing Rate Of Construction Of New Roads and Increased Spending On Safer Roads.
Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Market Drivers
- High Growing Rate Of Construction Of New Roads
- Increased Spending On Safer Roads
Market Trend
Restraints
- Toxic Nature of Paints
- Conservative Approach of Road Contractor
Opportunities
Increased Prominence of Road Markings in Lane Departure Warning Systems
Challenges
Stringent Government Rules and Regulation Over Solvent-Based Road Markings
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Road Marking Paint Study Sheds Light on
The Road Marking Paint Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Road Marking Paint industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Road Marking Paint industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.