Traffic Road Marking Coating Market Is Expected to Exceed USD
5.35 billion by 2022: Radiant Insights, Inc
The global traffic road marking coating market is expected to reach USD 5.35 billion by 2022, according
to a new report by Grand View Research, Inc. Growing infrastructure spending in emerging economies of
Asia Pacific and the Middle East is expected to drive the global industry over the forecast period.
Various governmental initiatives to reduce accidents is anticipated to influence further industry growth
over the forecast period. Regional governments have been developing strategies to minimize highway &
street fatalities.
The intelligent marking system is one of the major technological breakthroughs for highway & street
safety. Also, manufacturers have been conducting research and development initiatives to develop night
glow and temperature-sensitive paints which are expected to create new avenues for investment in the
near future. Maintenance and repainting business for highway & street maintenance and safety purpose is
anticipated to establish as growth opportunity over the forecast period.
Paint emerged as the leading product segment with demand share estimated at 44.7% in 2014. The
industry is anticipated to witness stable growth from 2015 to 2022 on account of increasing preference of
alternatives such as thermoplastics.
Click Here For Complete Report @ http://www.radiantinsights.com/research/traffic-roadmarking-coating-market
Further key findings from the report suggest:
The global traffic road marking coating market demand exceeded 1,200 kilo tons in 2014 and is expected
to reach 1,801.4 kilo tons by 2022, growing at a CAGR of 4.7% from 2015 to 2022
Thermoplastic is expected to witness the highest growth of 5.1% from 2015 to 2022. This is on account of
its high-performance features such as extended durability, reflectivity and negligible VOC emissions
which are making it a perfect solution over paints and other coatings.
Europe was the leading regional market with demand share estimated at 31.9% in 2014. The regional
industry is anticipated to witness moderate growth over the forecast period on account of depreciating
highway & street quality resulting into the high need for maintenance and repainting activities. Asia
Pacific is expected to witness the highest growth of 5.6% from 2015 to 2022.
The Middle East & Africa is expected to grow at a CAGR of 5.1% over the forecast period. The regional
demand is anticipated to be majorly driven by the implementation of marking systems in order to reduce
highway & street fatalities rates.
A significant number of manufacturers are present in the global industry. Key industry participants
include Sherwin-Williams Company, Ennis-Flint, Automark Technologies, Asian Paints, Seal Master and