The global road marking paint market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. Transportation infrastructure development projects involve the construction, expansion, and maintenance of roads, highways, and other transportation networks. These projects create a demand for road marking paint, which is essential for clear and visible road markings to guide traffic and ensure safety. Road marking paint is needed for lane dividers, crosswalks, and directional indicators. Over time, road markings fade and deteriorate due to weather conditions and heavy traffic, which creates a sustained demand for road marking paint. The growth of the Road Marking Paint Market is driven by urbanization, population growth, government regulations, and safety standards. Technological advancements in road marking paint also contribute to market growth. The market is expected to increase as countries continue to invest in infrastructure projects, and the demand for road marking paint is expected to grow. The growth in the construction industry is also expected to drive the market for thermoplastic marking paints in the coming years. For instance,
- In December 2021, The Japan International Cooperation Agency (JICA) and India's Ministry of Road Transport and Highways (MoRTH) signed an agreement for capacity development for the maintenance of resilient mountainous highways. The agreement between JICA and MoRTH is part of the Assam South Asia Subregional Economic Cooperation Corridor Connectivity Improvement Project. The project aims to build and maintain hill highways in India, and the agreement will help improve the institutional capacity of operation and maintenance of mountainous highways in India.
- In June 2022, the European Commission chosen 135 transport infrastructure projects for European Union (EU) grants out of 399 proposals submitted under the Connecting Europe Facility (CEF). The funding aims to enhance missing infrastructure connections, promote sustainable and efficient transport, improve safety and interoperability, and generate employment opportunities. With a total investment of $6.5 billion, the EU is committed to developing sustainable, safe, and efficient transport infrastructure. Among the supported projects is the enhancement of the rail-road transhipment terminal in Haniska pri Košicich, which will facilitate improved connections with Ukraine and strengthen the EU's railway network.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Includes Alfa Laval AB, Bosch Thermotechnik GmbH, Sigma Thermal Inc., Astec Industries, Inc., Thermax, and others.
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)
A full Report of Road Marking Paint Market is Available @ https://www.omrglobal.com/industry-reports/road-marking-paint-market
Road Marking Paint Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Automark Technologies (India) Pvt. Ltd.
- Coo-Var
- Crown USA, Inc.
- Ennis-Flint
- Geveko Markings
- Hempel
- Kataline Infraproducts Pvt. Ltd.
- Kestrel Partners LLP
- Lanino Road Marking Products
- Nippon Paint Holdings Group
- Ozark Materials LLC
- Rembrandtin Coatings GmbH
- Safetrack Bauchemie GmbH
- SealMaster
- Specco Industries Inc.
- Suzhou Rainbow New Material Co., Ltd. |
- Swarco AG
- WJ Group
- Zhejiang Brother Chemical Co., Ltd
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