Technavio, a leading provider of market research reports, has released its latest study on Road Marking Materials Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. In the rapidly evolving mobility landscape, autonomous driving is poised to redefine individual transportation. Semi-autonomous driver assistance systems have gained significant traction in modern vehicles, with Volvo Autonomous Solutions and Aurora's partnership in March 2021 being a prime example. Their collaboration aims to develop and deploy autonomous transport solutions, initially focusing on hub-to-hub applications in North America. Crucial to the reliability of these autonomous vehicles is the quality of lane markings. SWARCO Road Marking Systems, an exclusive partner of Digitrans in St. Valentin, Austria, ensures superior performance through premium glass beads. Produced in-house, these marking materials boast high retroreflection, enhancing safety and efficiency on roads.
The global road marking materials market size is estimated to grow by USD 1628.6 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.5% during the forecast period. Growing awareness and adoption of road safety is driving market growth, with a trend towards smart and autonomous mobility However, certification in nordic countries poses a challenge.Key market players include 3M Co., Axnoy Industries LIp, AutoMark Technologies (India) Pvt. Ltd., AUTOMARK INDUSTRIES (INDIA) Pvt. Ltd., Basler Lacke AG, Crown Technology LLC , Evonik Industries AG, Geveko Markings, Kataline Group, KELLY BROS, Kestrel Thermoplastics Ltd., Nanjing Roadsky Traffic Facility Co.Ltd., NIPSEA Group, Ozark Materials LLC, PPG Industries Inc., Rembrandtin Coatings GmbH, SealMaster, Sunrise Overseas, SWARCO AG, and The Sherwin Williams Co..
Know what is trending in the market - Access a free sample report!
The global specialty chemicals industry encompasses businesses specializing in high-value-add chemicals utilized in the production of a diverse range of products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by manufacturers involved in the production of these high-value chemicals. Key growth drivers for the specialty chemicals market include the increasing demand for specialty adhesives and sealants, which are expected to significantly contribute to market expansion throughout the forecast period.
The Road Marking Materials Market is experiencing significant growth, fueled by the Growing awareness and adoption of road safety. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
For insights on company offerings- Request a sample report!
The Road Marking Materials Market encompasses the production and distribution of materials used to mark roads for safety and navigational purposes. Key players in this industry include 3M, Sika AG, and Raslan Highway Marking. These companies provide a range of products, such as thermoplastic, paint, and preformed tape, to meet the demands of transportation departments worldwide. Growth in infrastructure development and increasing road safety regulations are driving market expansion.
The Road Marking Materials Market encompasses a range of products used to mark roads for safety and navigational purposes. These materials include Water-based paints and Solvent-based paints, which are commonly used for Paint-based marking. Leading companies in this market include SealMaster and Geveko Markings. Road marking materials are essential for civil engineering projects, including highway construction and infrastructure development in the Nordic countries and emerging economies. The use of Cold plastics and Thermoplastics in road marking has gained popularity due to their durability and performance-based road design. Epoxy and Polyurethane are popular choices for marking highways, national roads, and roads for road transport. The Road Initiative, Belt and Road construction projects, and Public-Private Partnerships have led to increased demand for these materials in infrastructure projects. Transverse Marking and Longitudinal marking are essential pavement markings for safer roads. The market for road marking materials is influenced by economic activities, construction delays, and environmental regulations. In the context of the Silk Route and the increasing focus on Electric mobility, the market for road marking materials is expected to grow significantly in the coming years. Certification systems are crucial in ensuring the quality and safety of road marking materials. Companies like SealMaster and Geveko Markings have established themselves as leaders in this market by providing high-quality, certified products. The development of the road network and the infrastructure sector is a key driver for the growth of the road marking materials market.
Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/