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Road Marking Materials Market Trends, 2016-2024
The global road marking materials market is anticipated to reach US$5.66 billion, expanding at a CAGR of 5.5% from 2016 to 2024 (forecast period). Road marking materials are paints that are applied on the surface of a road to provide guidance and information to drivers and pedestrians. These road marking materials are used to mark traffic lane lines, dividers, center lines, edge lines, no-passing zones, transverse markings, warning lines, and object markings. Road marking materials are designed for durability, safety, and aesthetics in order to manage traffic, provide positive guidance, and transmit warnings.
The increase in investment in making roads safer is a major factor driving the growth of the global road marking materials market during the forecast period. Furthermore, ongoing infrastructure and new road construction projects in developing nations are expected to drive the growth of the global road marking materials market.
As per the Association of Safe International Road Travel, roughly 1.25 million people die in road accidents each year, with an average of 3,287 deaths each day worldwide. These incidents occur predominantly as a result of poor road conditions. Safer roads are necessary to avoid accidents caused by climatic conditions and lower visibility of road markings during the day and at night. Governments in numerous nations, including the United States, the United Kingdom, China, and Switzerland, have undertaken steps to enhance road quality and provide suitable road markings in order to reduce the number of individuals who die due to road accidents. This is expected to increase the use of road marking materials, boosting the global road marking materials market during the forecast period.
In terms of application, the road marking segment led the global road marking materials market in 2016, owing to increased awareness of road safety and the necessity for clear visibility during nighttime traffic. Road marking comprises white line marking, double yellow line marking, and single line marking, and it is used on highways and motorways, bus and cycling lanes, private roads, and pedestrian crossings. The selection of road marking material is determined by its durability, cost, and manner of application.
Factory marking and car park marking segments held the second position in the road marking materials market. Forklift working areas, unsafe zones near dangerous or heavy machinery, loading bays, safe designated pathways and staircases, workshop demarcations, internal floors in warehouses, distribution and logistics centers, and other manufacturing settings are examples of factory marking. Moreover, the growth of retail and industrial sectors, such as supermarkets, city centers, and hotels and the rising number of vehicles, have spurred the need for car parking, which is boosting the car park marking segment.
In 2015, Asia Pacific dominated the worldwide road marking materials market, followed by Europe and North America. The Asia Pacific market is expected to maintain its dominance during the forecast period. This is owing to the region's increased awareness about road traffic safety. The significant increase in upcoming road networks and infrastructure development projects in the region's growing economies such as India and China are likely to boost the global road marking materials market.
Furthermore, the Chinese government has been providing considerable support in order to meet the country's growing transportation demands. The Civil Aviation Administration of China (CAAC) announced a plan to develop 400 civilian transport airports by 2035, which bodes well for the road marking materials market. Due to such large-scale initiatives, the road marking materials market is expected to witness exponential growth in the future years.
Some of the prominent players operating in the global road marking materials market are Kelly Bros Erinline, Aximum S.A., Swarco Limburger Lackfabrik GmbH, and Geveko Markings.
This report segments the global road marking materials market as follows:
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Type Analysis |
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Application Analysis |
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Regional Analysis |
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Road Marking Materials Market is expected to reach US$5.66 bn By 2024
Road Marking Materials Market is estimated to rise at a CAGR of 5.5% during forecast period
Ongoing infrastructure and new road construction projects in developing nations are expected to drive the growth of the global road marking materials market
Asia pacific is more attractive for vendors in the Road Marking Materials Market
Key players of Road Marking Materials Market are Kelly Bros Erinline, Aximum S.A., Swarco Limburger Lackfabrik GmbH, and Geveko Markings
1. Preface
1.1. Report Scope & Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Research Methodology
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Indicators
4.3. Market Dynamics
4.4. Drivers
4.5. Restraints
4.6. Opportunity Analysis
4.7. Porter’s Analysis
4.8. Value Chain Analysis
5. Global Road Marking Materials Market Analysis and Forecast, by Type
5.1. Key Findings
5.2. Introduction
5.3. Global Road Marking Materials Market Volume Share Analysis, by Type
5.4. Global Road Marking Materials Market Forecast, by Type
5.5. Global Road Marking Materials Market Analysis, by Type
5.6. Type Comparison Matrix
5.7. Global Road Marking Materials Market Attractiveness Analysis, by Type
6. Global Road Marking Materials Market Analysis and Forecast, by Application
6.1. Key Findings
6.2. Introduction
6.3. Global Road Marking Materials Market Volume Share Analysis, by Application
6.4. Global Road Marking Materials Market Forecast, by Application
6.5. Global Road Marking Materials Market Analysis, by Application
6.6. Global Road Marking Materials Market Attractiveness Analysis, by Application
7. Global Road Marking Materials Market Analysis, by Region
7.1. Global Growth Scenario
7.2. Global Road Marking Materials Market Volume Share Analysis, by Region
7.3. Global Road Marking Materials Market Forecast, by Region
7.4. Global Road Marking Materials Market Attractiveness Analysis, by Region
7.5. Market Trends
8. North America Road Marking Materials Market Analysis
8.1. Key Findings
8.2. North America Road Marking Materials Market Overview
8.3. North America Road Marking Materials Market Volume Share Analysis, by Product Type
8.4. North America Road Marking Materials Market Forecast, by Product Type
8.5. North America Road Marking Materials Market Volume Share Analysis, by Application
8.6. North America Road Marking Materials Market Forecast, by Application
8.7. North America Road Marking Materials Market Volume Share Analysis, by Country
8.8. North America Road Marking Materials Market Forecast, by Country
8.8.1. U.S
8.8.2. Canada
8.9. North America Road Marking Materials Market Analysis, by Country
8.10. North America Road Marking Materials Market Attractiveness Analysis
9. Asia Pacific Road Marking Materials Market Analysis
9.1. Key Findings
9.2. Asia Pacific Road Marking Materials Market Overview
9.3. Asia Pacific Road Marking Materials Market Volume Share Analysis, by Product Type
9.4. Asia Pacific Road Marking Materials Market Forecast, by Product Type
9.5. Asia Pacific Road Marking Materials Market Volume Share Analysis, by Application
9.6. Asia Pacific Road Marking Materials Market Forecast, by Application
9.7. Asia Pacific Road Marking Materials Market Volume Share Analysis, by Country / Sub-region
9.8. Asia Pacific Road Marking Materials Market Forecast, by Country / Sub-region
9.8.1. China
9.8.2. India
9.8.3. Japan
9.8.4. ASEAN
9.8.5. Rest of Asia Pacific
9.9. Asia Pacific Road Marking Materials Market Analysis, by Country / Sub-region
9.10. Asia Pacific Road Marking Materials Market Attractiveness Analysis
10. Europe Road Marking Materials Market Analysis
10.1. Key Findings
10.2. Europe Road Marking Materials Market Overview
10.3. Europe Road Marking Materials Market Volume Share Analysis, by Product Type
10.4. Europe Road Marking Materials Market Forecast, by Product Type
10.5. Europe Road Marking Materials Market Volume Share Analysis, by Application
10.6. Europe Road Marking Materials Market Forecast, by Application
10.7. Europe Road Marking Materials Market Volume Share Analysis, by Country / Sub-region
10.8. Europe Road Marking Materials Market Forecast, by Country / Sub-region
10.8.1. U.K.
10.8.2. Germany
10.8.3. France
10.8.4. Spain
10.8.5. Italy
10.8.6. Rest of Europe
10.9. Europe Road Marking Materials Market Analysis, by Country / Sub-region
10.10. Europe Road Marking Materials Market Attractiveness Analysis
11. Middle East & Africa (MEA) Road Marking Materials, Market Analysis
11.1. Key Findings
11.2. Middle East & Africa Road Marking Materials Market Overview
11.3. Middle East & Africa Road Marking Materials Market Volume Share Analysis, by Product Type
11.4. Middle East & Africa Road Marking Materials Market Forecast, by Product Type
11.5. Middle East & Africa Road Marking Materials Market Volume Share Analysis, by Application
11.6. Middle East & Africa Road Marking Materials Market Forecast, by Application
11.7. Middle East & Africa Road Marking Materials Market Volume Share Analysis, by Country / Sub-region
11.8. Middle East & Africa Road Marking Materials Market Forecast, by Country / Sub-region
11.8.1. Egypt
11.8.2. GCC
11.8.3. South Africa
11.8.4. Rest of Middle East & Africa
11.9. Middle East & Africa Road Marking Materials Market Analysis, by Country / Sub-region
11.10. Middle East & Africa Road Marking Materials Market Attractiveness Analysis
12. Latin America Road Marking Materials Market Analysis
12.1. Key Findings
12.2. Latin America Road Marking Materials Market Overview
12.3. Latin America Road Marking Materials Market Volume Share Analysis, by Product Type
12.4. Latin America Road Marking Materials Market Forecast, by Product Type
12.5. Latin America Road Marking Materials Market Volume Share Analysis, by Application
12.6. Latin America Road Marking Materials Market Forecast, by Application
12.7. Latin America Road Marking Materials Market Volume Share Analysis, by Country / Sub-region
12.8. Latin America Road Marking Materials Market Forecast, by Country / Sub-region
12.8.1. Brazil
12.8.2. Mexico
12.8.3. Rest of Latin America
12.9. Latin America Road Marking Materials Market Analysis, by Country / Sub-region
12.10. Latin America Road Marking Materials Market Attractiveness Analysis
13. Competitive Landscape
13.1. Road Marking Materials Market Share Analysis, by Company
13.2. Competition Matrix
13.3. Company Profiles
13.3.1. The Sherwin-Williams Company
13.3.2. Company Details
13.3.3. SWOT Analysis
13.3.4. Financial Overview
13.3.5. Strategic Overview
13.4. Geveko Markings
13.4.1. Company Description
13.4.2. Business Overview
13.5. Kelly Bros
13.5.1. Company Description
13.5.2. Business Overview
13.6. Swarco Limburger Lackfabrik GmbH
13.6.1. Company Description
13.6.2. Business Overview
13.7. Ozark Materials LLC
13.7.1. Company Description
13.7.2. Business Overview
13.8. Ennis Flint
13.8.1. Company Description
13.8.2. Business Overview
13.9. Crown Technology, LLC
13.9.1. Company Description
13.9.2. Business Overview
13.10. AUTOMARK TECHNOLOGIES (INDIA ) PRIVATE LTD
13.10.1. Company Description
13.10.2. Business Overview
13.11. Reda National Co
13.11.1. Company Description
13.11.2. Business Overview
13.12. SealMaster
13.12.1. Company Description
13.12.2. Business Overview
13.13. The Surya Min Chem
13.13.1. Company Description
13.13.2. Business Overview
13.14. Aximum S.A
13.14.1. Company Description
13.14.2. Business Overview
13.15. Dianal America, Inc
13.15.1. Company Description
13.15.2. Business Overview
13.16. Basler Lacke AG
13.16.1. Company Description
13.16.2. Business Overview
13.17. Kestrel Thermoplastics LTD
13.17.1. Company Description
13.17.2. Business Overview
13.18. Kataline Group
13.18.1. Company Description
13.18.2. Business Overview
14. Key Takeaways
List of Tables
Table 01: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Type, 2015–2024
Table 02: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 03: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Region, 2015–2024
Table 04: North America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 05: North America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 06: North America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country, 2015–2024
Table 07: Asia Pacific Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 08: Asia Pacific Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 09: Asia Pacific Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country / Sub-region, 2015–2024
Table 10: Europe Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 11: Europe Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 12: Europe Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country / Sub-region, 2015–2024
Table 13: MEA Glass Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 14: MEA Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 15: MEA Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country / Sub-region, 2015–2024
Table 16: Latin America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Product Type, 2015–2024
Table 17: Latin America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Application, 2015–2024
Table 18: Latin America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, by Country / Sub-region, 2015–2024
List of Figures
Figure 01: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 02: Global Road Marking Materials Average Price (US$/kg) 2015–2024
Figure 03: Global Road Marking Materials Market Volume Share Analysis, by Type, 2015 and 2024
Figure 04: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons), by Performance-based Markings, 2015–2024
Figure 05: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons), by Paint-based Markings, 2015–2024
Figure 06: Global Road Marking Materials Market Attractiveness Analysis, by Type
Figure 07: Global Road Marking Materials Market Volume Share Analysis, by Application, 2015 and 2024
Figure 08: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons), by Airport Marking, 2015–2024
Figure 09: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons), by Road Marking, 2015–2024
Figure 10: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons), by Factory Marking, 2015–2024
Figure 11: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons), by Car Park Marking, 2015–2024
Figure 12: Global Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons), by Others, 2015–2024
Figure 13: Global Road Marking Materials Market Attractiveness Analysis, by Application
Figure 14: Global Road Marking Materials Market Value Share Analysis, by Region, 2015 and 2024
Figure 15: Global Road Marking Materials Market Attractiveness Analysis, by Region
Figure 16: North America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 17: North America Road Marking Materials Market Attractiveness Analysis, by Country
Figure 18: North America Road Marking Materials Market Volume Share Analysis, by Product Type, 2015 and 2024
Figure 19: North America Road Marking Materials Market Volume Share Analysis, by Application, 2015 and 2024
Figure 20: North America Road Marking Materials Market Volume Share Analysis, by Country, 2015 and 2024
Figure 21: U.S. Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 22: Canada Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 23: North America Road Marking Materials Market Attractiveness Analysis, by Product Type
Figure 24: North America Road Marking Materials Market Attractiveness Analysis, by Application
Figure 25: Asia Pacific Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 26: Asia Pacific Road Marking Materials Market Attractiveness Analysis, by Country / Sub-region
Figure 27: Asia Pacific Road Marking Materials Market Volume Share Analysis, by Product Type, 2015 and 2024
Figure 28: Asia Pacific Road Marking Materials Market Volume Share Analysis, by Application, 2015 and 2024
Figure 29: Asia Pacific Road Marking Materials Market Volume Share Analysis, by Country / Sub-region, 2015 and 2024
Figure 30: China Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 31: India Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 32: Japan Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 33: ASEAN Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 34: Rest of Asia Pacific Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 35: Asia Pacific Road Marking Materials Market Attractiveness Analysis, by Product Type
Figure 36: Asia Pacific Road Marking Materials Market Attractiveness Analysis, by Application
Figure 37: Europe Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 38: Europe Road Marking Materials Market Attractiveness Analysis, by Country / Sub-region
Figure 39: Europe Road Marking Materials Market Volume Share Analysis, by Product Type, 2015 and 2024
Figure 40: Europe Road Marking Materials Market Volume Share Analysis, by Application, 2015 and 2024
Figure 41: Europe Road Marking Materials Market Volume Share Analysis, by Country / Sub-region, 2015 and 2024
Figure 42: U.K. Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 43: Germany Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 44: France Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 45: Spain Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 46: Italy Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 47: Rest of Europe Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 48: Europe Road Marking Materials Market Attractiveness Analysis, by Product Type
Figure 49: Europe Road Marking Materials Market Attractiveness Analysis, by Application
Figure 50: MEA Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 51: MEA Road Marking Materials Market Attractiveness Analysis, by Country
Figure 52: MEA Road Marking Materials Market Volume Share Analysis, by Product Type, 2015 and 2024
Figure 53: MEA Road Marking Materials Market Volume Share Analysis, by Application, 2015 and 2024
Figure 54: MEA Road Marking Materials Market Value Share Analysis, by Country / Sub-region, 2015 and 2024
Figure 55: Egypt Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 56: GCC Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 57: South Africa Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 58: Rest of MEA Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 59: MEA Road Marking Materials Market Attractiveness Analysis, by Product Type
Figure 60: MEA Road Marking Materials Market Attractiveness Analysis, by Application
Figure 61: Latin America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2015–2024
Figure 62: Latin America Road Marking Materials Market Attractiveness Analysis, by Country / Sub-region
Figure 63: Latin America Road Marking Materials Market Volume Share Analysis, by Product Type, 2015 and 2024
Figure 64: Latin America Road Marking Materials Market Volume Share Analysis, by Application, 2015 and 2024
Figure 65: Latin America Road Marking Materials Market Value Share Analysis, by Country / Sub-region, 2015 and 2024
Figure 66: Brazil Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 67: Mexico Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 68: Rest of Latin America Road Marking Materials Market Size (US$ Mn) and Volume (Kilo Tons) Analysis, 2015–2024
Figure 69: Latin America Road Marking Materials Market Attractiveness Analysis, by Product Type
Figure 70: Latin America Road Marking Materials Market Attractiveness Analysis, by Application
Figure 71: Global Road Marking Materials Market Share Analysis, by Company (2015)
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*86 figures and 60 tables includes