Traffic Marking Paints Market - Forecast(2024 - 2030)

Report Code: CMR 95151 Report Format: PDF + Excel
Traffic marking paints market size is forecast to reach $6.14 billion by 2025, after growing at a CAGR of 6.15% during 2020-2025. Traffic marking paints are mainly used for marking roads and it ensures public safety with proper guidance. With the rise in infrastructure projects, there is rise in demand of traffic marking paints as, roadway network projects for airport, highways & bridges, freeways, and others are incomplete without traffic marking paints. Governments’ regulations for awareness of road safety such as carriageway markings, longitudinal markings, hazardous location markings, parking and others will further boost the market growth. In addition, reflective markers in road marking coatings results with higher benefits which have also became the major factor for the market growth.

Key Takeaways
  • Asia-Pacific dominates the Traffic marking paints market, as it is the largest consumer of road marking paints across the globe. 
  • The issues such as traffic congestion, traffic violations, and road accidents are majorly driving the demand for road marking materials in the region.
  • On annual contract basis governments across the globe keeps organizing bids for traffic marking paint projects.
  • Digital sign boards will create small hurdles for Traffic marking paints market. 

Formulation – Segment analysis 
Hot melt marking paints consists the largest market share in Traffic marking paints market. Hot melt marking paints contains fillers, glass beads, plasticers and binder resins due to which they have high durability than the solvent based and water based paints. Holt melt marking paints don’t lost its mark very easily such as in a high traffic areas, bad weathers. Whereas solvent & water based paints coatings comes out from its mark very easily in the high traffic areas. So, for longer term almost all the contructors prefers hot melt marking paints in traffic marking paints. In a warm climate hot melt marking paint can be expected to last three to six years. Due to its high durability feature hot-melt marking paints.  

Chemistry – Segment Analysis
Acrylic has the largest share in the market for traffic marking paints market. Acrylic is a transparent plastic material with outstanding strength, stiffness, and optical clarity. Acrylic sheets are easy to fabricate. It has superior weathering properties compared to many other transparent plastics. Acrylic sheet exhibits glass-like qualities such as clarity, brilliance, and transparency, but at half the weight and many times the impact resistance of glass. From durable signs and skylights, to eye-catching retail store fixtures, displays and shelves, acrylic plastics provide outstanding versatility, durability, and aesthetic qualities. One of the potential advantages of acrylic is that it does not contain or release any toxic gases. So, it is also not harmful.

Application - Segment Analysis
Highway road markings has been the primary and largest market for Traffic marking paints. Due to absence of effective alternatives to traffic marking paints, the consumption of traffic marking paints has always been considerably high in traffic marking application. Highway road marking  will be the key for self-drive/driverless or automatic motor vehicles as these vehicles are totally dependent on the road marking line. So, that will boost the market for building new roads in the upcoming years and hence the market for the traffic marking paints will grow. 
China have the largest roadways network followed by India in APAC region, and the world's second largest roadways network after the United Sates. Countries such as U.S, China, India and others, with high populations will be the primary market for traffic marking paints as these countries’ roads are continuously repaired, or new roads were built as they acquired large area. Owing to continuous generation of work, Traffic Marking paints are always a profitable market in these high populated countries.

Geography - Segment Analysis
APAC has dominated the traffic marking paints market with a share of more than XX%, followed by North America and Europe. Countries such as India and China are set to bring out the increase of the global traffic marking paints market in forecast period. In these countries road construction never ends because of the large area (urban & rural) they acquire. The growing road construction in large area countries such as China, India and Others to connect small cities for better development have created growth opportunity for traffic marking paints market. APAC consist a very dominant part in the world’s roadway network because the large area it acquired. Whereas AH1 is the longest route of the Asian Highway Network, running from Tokyo, Japan via Korea, China, Southeast Asia, Bangladesh, India, Pakistan, Afghanistan and Iran to the border between Turkey and Bulgaria west of Istanbul where it joins end-on with European route E80. 

Drivers – Traffic Marking paints Market

  • Growing demand for Roadways network
In countries such as China, India, Japan and others, there are continuous construction or repairing of roads in both rural and urban areas. China is a developed country but they are very much focused on constructing their border roads and they are continuously constructing or repairing their border roads.  Whereas India is a developing country. So there are so many areas where roads are yet not built and the work is under process. As of Japan it is also a developed country but due to frequent natural calamities, construction or repairing of roadways never ends there. So, in countries like these there is a huge market for traffic marking paints because as the market of roadways network grows the market of traffic marking paints will also grow.  

  • Implementation of Stringent Governments Regulations
According to the Global Status report of World Health Organization (WHO) the number of annual road traffic deaths has reached 1.35 million. On 12th April 2018, United Nations (UN) launched a program named “UN Road Safety Trust Fund”, to ensure public safety. Globally, governments are focusing on public safety to avoid road accidents by marking roads with road safety signs. Awareness plans from governments’ have increased the demand for more traffic marking paints.

Challenges – Traffic Marking Paints Market

  • Conservative approach of road contractors
The conservative approach of road contractors is the main restraints of the Traffic marking paints market. Several road contractors prefer basic and low-cost products, while other contractors demand high-performance solutions at low and competitive prices. 

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Traffic Marking Paints Market. In 2019, the market of Traffic markings has been consolidated by the top five players accounting for xx% of the share. Major players in the Traffic Marking Paints Market are The Sherwin-Williams Company, Ennis-Flint, SWARCO AG, 3M, and Aximum among others. 

Acquisitions/Technology Launches
  • In July 2017, The Sherwin-Williams Company completed the acquisition of Valspar Corporation. The acquisition has made the company one of the largest paints & coatings manufacturers in US. 
  • In April 2018, Ennis-Flint 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.

1. Traffic Marking Paints Market - Overview
        1.1 Definitions and Scope
2. Traffic Marking Paints Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Traffic Marking Paints Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Traffic Marking Paints Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Traffic Marking Paints Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Traffic Marking Paints Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Traffic Marking Paints Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Traffic Marking Paints Market - By Product (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
8.3.1 Paints
8.3.2 Thermoplastic
8.3.3 Preformed Polymer Tape
8.3.4 Epoxy
8.3.5 Others
9. Traffic Marking Paints Market - By Type (Market Size -$Million / $Billion)
10. Traffic Marking Paints - By Application Type (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
11. Traffic Marking Paints- By Geography (Market Size -$Million / $Billion)
        11.1 Traffic Marking Paints Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
         Rest of North America
        11.3 Traffic Marking Paints- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        11.5 Traffic Marking Paints- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        11.7 Traffic Marking Paints - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        11.9 Traffic Marking Paints - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            11.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
12. Traffic Marking Paints Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Traffic Marking Paints Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Traffic Marking Paints Market - Key Company List by Country Premium
15. Traffic Marking Paints Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 3M Company
15.3 Asian Paints
15.4 Automark Technology
15.5 Crown Technology
15.6 Ennis-Flint
15.7 Geveko Markings
15.8 Sealmaster
15.9 Sherwin-Williams Company
15.10 Surya Min Chem
15.11 Swarco Ag
15.12 Company 11
15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Traffic Marking Paints Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Traffic Marking Paints Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends