Traffic Road Marking Coating Market Worth USD 5.35 Billion by 2022 – Various Government Initiatives to Reduce Accidents Driving Growth – Research and Markets
June 3, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “Traffic Road Marking Coating Market Analysis By Product (Paint, Thermoplastic, Preformed Polymer Tape, Epoxy) And Segment – Forecasts To 2022” report to their offering.
The global traffic road marking coating market is expected to reach USD 5.35 billion by 2022. Growing infrastructure spending in emerging economies of Asia Pacific and the Middle East is expected to drive the global industry over the forecast period.
Various governmental initiatives to reduce accidents is anticipated to influence further industry growth over the forecast period. Regional governments have been developing strategies to minimize highway & street fatalities.
The intelligent marking system is one of the major technological breakthroughs for highway & street safety. Also, manufacturers have been conducting research and development initiatives to develop night glow and temperature-sensitive paints which are expected to create new avenues for investment in the near future. Maintenance and repainting business for highway & street maintenance and safety purpose is anticipated to establish as growth opportunity over the forecast period.
Europe was the leading regional market with demand share estimated at 31.9% in 2014. The regional industry is anticipated to witness moderate growth over the forecast period on account of depreciating highway & street quality resulting into the high need for maintenance and repainting activities. Asia Pacific is expected to witness the highest growth of 5.6% from 2015 to 2022.
The Middle East & Africa is expected to grow at a CAGR of 5.1% over the forecast period. The regional demand is anticipated to be majorly driven by the implementation of marking systems in order to reduce highway & street fatalities rates.
Companies Mentioned:
- 3M Company
- The Dow Chemical Company
- Swarco AG
- Sherwin-Williams Company
- Geveko Materials
- Ennis-Flint
- Crown Technologies
- Vertex
- K.M. Contractors Pvt. Ltd.
- Automark Technologies (India) Pvt. Ltd.
- Asian Paints PPG Pvt. Ltd.
- The Surya Min Chem (SMC)
- Kestrel Thermoplastics Ltd.
- SealMaster
- Lanino
Key Topics Covered:
1 Methodology & Scope
2 Executive Summary
3 Traffic Road Marking Coating Industry Outlook
4 Traffic Road Marking Coating Product Outlook
5 Traffic Road Marking Coating Region Outlook
6 Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/8tnhjh/traffic_road.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160603005844/en/
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Sector: Paints and Coatings
