Road marking paint market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. The road marking paint market has been growing steadily over the years, and this growth is driven by various factors. One of the primary drivers is the increasing investments in road infrastructure development, which has led to a greater focus on enhancing road networks and trade routes connecting key cities within and across countries. As a result, there has been a surge in demand for road marking paints to not only enhance the aesthetic of paved roads but also enhance road safety. Additionally, growing urbanization has also contributed to the growth of the road marking paint market. The market is influenced by both government initiatives and private sector investments in transportation infrastructure projects. For instance,
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The global road marking paint market is segmented based on its type and application. Based on its type, the market is segmented into thermoplastic marking paint, water-based marking paint, solvent-based marking paint, and two-component road marking paint. In terms of application, the market is categorized into roads & streets, parking lots, airports, and others. Among types thermoplastic marking paint is anticipated to register considerable demand owing to its durability, excellent visibility, and high resistance to wear and tear, making it a preferred choice for road marking applications.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Road Marking Paint Market Report Segment
By Type
- Thermoplastic Marking Paint
- Waterbased Marking Paint
- Solvent Based Marking Paint
- Two-Component Road Marking Paint
By Application
- Roads & Streets
- Parking Lot
- Airport
- Other (Industrial Areas)
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global road marking paint market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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