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Traffic Marking Solutions Market Report
Traffic Marking Solutions Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027
Traffic Marking Solutions Market is Segmented by Product Type (Paints, Thermoplastics, 2-Components, Tapes, and Markers), by Application Type (Roads & Highways, Airport Marking, Parking Lot, and Others), and by Region (North ...
The traffic marking solutions market is expected to grow at a CAGR of 4.1% by 2027, driven by an increase in the width of longitudinal traffic lines, growing concern for road safety to reduce accidents, rising road maintenance spending, and several other factors.
Ennis Flint, Inc. (PPG Industries, Inc.), The Sherwin-Williams Company, 3M, Geveko Markings (The Solix Group AB Company), SWARCO, Nippon Paint, Aximum S.A. (Colas Group), Kansai Helios, Landscapus Inc., and Zhejiang Tiancheng Transportation Technology Co., Ltd. are the leading players in the traffic marking solutions market.
Asia-Pacific is estimated to remain the dominant region in the traffic marking solutions market in the foreseen future on account of the largest road network with China, India, Japan, and Australia as the major contributors in the region.
Asia-Pacific is estimated to remain the fastest-growing market for traffic marking solutions in the foreseeable future. Increasing road networks, improving road connectivity, growing focus of regional governments on maintenance and repair of roads, and the implementation of new types of road markings to enhance road safety, would drive the growth of the market in the region over the forecast period.
Thermoplastics are expected to remain the market's dominant product type in the coming years due to the substitution of VOC-emitting paints by thermoplastics, which are a cost-effective and environmentally friendly alternative to paints. Furthermore, they have high durability and reflectivity and are less expensive than tapes and plural-component marking materials.
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