Traffic Marking Solutions Market is Forecasted to Reach US$ 3.9 Billion by 2027, Says Stratview Research

The global traffic marking solutions market is projected to witness a growth rate of >4% annually from 2022 to 2027, with an anticipated size of US$ 3.9 billion by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global traffic marking solutions market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2027: US$ 3.9 billion

Growth (CAGR): >4% during 2022-2027

Leading Product Type: Paints

Leading Application Type: Roads & highways

Leading Region: Asia-Pacific

Forecast Period: 2022-2027

Trend Period: 2016-2020

Base Year: 2021

Number of Segments Covered: 3

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Traffic Marking Solutions Market:

The global traffic marking solutions market is segmented based on product type, application type and region.

Based on Product type –

• The market is segmented into paints, thermoplastics, 2-components, tapes, and markers. Paints dominated the product type segment of the market in 2021, owing to their extensive usage in different regions.
• Furthermore, the ability to be applied in warm weather combined with various features such as ease of application, low price, and quick application would support the product's dominance over the forecast period.
• Paints are further bifurcated into two types, i.e., solvent-borne and water-borne paints. Rigorous regulations to limit VOC emissions and the adoption of environmentally friendly materials are supporting water-borne paints to replace solvent-based paints.
• Thermoplastics are gaining traction in the market and are poised to overtake the paints segment as they are more durable, cost-effective, and environmentally friendly alternatives to VOC-emitting paints. Furthermore, they have high reflectivity and are less expensive than tapes and two-component marking materials. In cold weather, they cure quickly, whereas, in hot weather, they take longer time to cure.

Based on the Application type -

• The market is segmented into roads & highways, airport marking, parking lots, and others. Roads & highways are expected to remain the biggest demand generators for traffic marking solutions during the forecast period.
• Further expansion of road networks to improve connectivity, along with their frequent maintenance would bolster the demand for marking solutions for roads & highways.
• Marking solutions are used to show numerous types of markings on streets and highways, which include longitudinal marking, transverse marking, hazard marking, block marking, arrow marking, directional marking, etc.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

"Asia-Pacific is expected to remain the largest as well as the fastest-growing region during the forecast period".

• In terms of regions, Asia-Pacific is expected to remain the largest as well as the fastest-growing region in the traffic marking solutions market during the forecast period, owing to the region's largest share of the global road network, with China, India, Japan, and Australia being the major contributors.
• The region has the largest network of roads, which has expanded to more than 10 million kilometers.
• Increasing spending toward roadway infrastructure and improving road connectivity in the region, as well as a growing focus of regional governments on road maintenance and repair, would underpin the regional market growth.
• Furthermore, various countries in the region are implementing novel initiatives to improve road safety by investing in new types of road markings, further giving additional impetus to the demand. 

Traffic Marking Solutions Market Drivers:

Some of the key drivers listed in the report are given below.

• The development of micro-mobility infrastructure, the increase in the dimension of roads and highways’ marking, R&D on environmentally friendly marking materials, and the evaluation of high-performance markings for automated driving are among some of the key emerging trends that would support the market’s growth.

Competitive Landscape: Top Companies in the Traffic Marking Solutions Market:

The market is highly populated with the presence of several local, regional, and global players. Major players in the market are widening their presence in key markets around the world by opening new manufacturing and distribution sites, building new partnerships, and acquiring several local players in the market. For instance, Swarco acquired Hitex International to strengthen its position in the UK market, whereas Geveko Markings acquired a French player, Ore Peinture to further expand its presence in the European market. A few years ago, Geveko Markings also acquired the Asian-Pacific companies, Flexitherm Australia and Reflective Road Safety Products Ltd. to mark its presence in the region’s market. Most of the major players are offering a variety of road marking materials for different applications.

The following are the key players in the Traffic Marking Solutions Market (arranged alphabetically)

• 3M
• Aximum S.A. (Colas Group)
• Ennis Flint, Inc. (PPG Industries, Inc.)
• Geveko Markings (The Solix Group AB Company)
• Kansai Helios
• Landscapus Inc.
• Nippon Paint
• SWARCO
• The Sherwin-Williams Company
• Zhejiang Tiancheng Transportation Technology Co., Ltd.

Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - [email protected]

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