Traffic Road Marking Coatings Market by Product (Water-Based Coatings, Solvent-Based Coatings, Thermoplastic Coatings), by Application (Road & Highways, Airports, Parking Lots, Others), by North America (U.S., Canada), by Europe (Germany, U.K., France, Italy, Rest of Europe), by Asia Pacific (China, Japan, India, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa) Forecast 2024-2032
The Traffic Road Marking Coatings Market size was valued at USD 6.04 USD Billion in 2023 and is projected to reach USD 8.56 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Transport road painting is a special coating used to draw lines, symbols, and signs directing traffic on roads. These coatings are developed to endure extreme weather challenges and high traffic. These have high visibility and durability; thus, they are of great help in road safety as they can serve as clear guidance to drivers. These coatings generally lower the solar thermal buildup effect by using reflective materials at night or in extreme weather conditions. These fast-drying features serve the purpose of avoiding any disruptions while it is being done. In addition to that, they are available in different colours and can be used for differentiating lanes and symbols. Advances in road marking coatings that would encompass their cost-saving implications of less frequent maintenance are one of the benefits of using these products. The skid-resistant features offer more grip, which decreases the chances of sliding. There is a generally high risk of accidents. Also, they help to create well-regulated traffic that leads to a decrease in traffic jams and travel time. To a greater extent, traffic-marked coatings are at the heart of traffic order as they offer priority and safety in the use of roadways.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
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Note* : In applicable scenarios
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