Traffic road marking coatings materials are used for marking highways and curbs for an efficient flow of enhanced public safety and traffic management. Traffic road markings guide, control, and provide information and warnings for roadways users. Traffic road marking coatings are utilized for various applications such as edge line markings, highway road markings, zebra crossing markings, car park structures, centerline markings, and others. Variety of coating materials are used for road markings such as thermoplastic, paints, epoxy, and others.
The global traffic road marking coatings market report has been segmented on the basis of type, application, and region.
On the basis of type, the global traffic road marking coatings market has been segmented into paint-based marking and performance-based marking. The paint-based marking segment further sub segmented into solvent-based paints, water-based paints, epoxy-based paints, and polyurethane-based paints. The performance-based marking segment further sub segmented into thermoplastics and cold plastics. The paint-based marking segment is projected to account for major share in terms of revenue. The performance-based marking segment is estimated to grow at fastest CAGR during the forecast period.
On the basis of application, the global traffic road marking coatings market has been segmented into road marking, car park marking, factory marking, airport marking, and anti-skid marking. The road marking segment is estimated to account for major share in the global traffic road marking coatings market in terms of revenue, owing to properties such as UV resistant, easy-to-apply, environment-friendly, and non-toxic, along with added protective layer.
On the basis of region, the global traffic road marking coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Asia Pacific market is projected to hold significant revenue share in the global traffic road marking coatings market in 2017. Asia Pacific traffic road marking coatings market has been anticipated to register largest CAGR in terms of consumption and revenue in next ten years, owing to increasing demand for traffic road marking coatings in countries such as India, China, and Japan in this region.
Key players operating in the global market include 3M Company, The Sherwin-Williams Company, Geveko Markings, SWARCO AG, KELLY BROS, Ennis Flint, Ozark Materials, LLC., Crown Technology, LLC, Automark Technologies (India) Private Ltd., and Reda National Co.