New York 8 April 2019: The Report “Traffic Road Marking Coating Market [By Product Type (Thermoplastic,
Paint, Preformed Polymer Tape, Others); By Region]: Market size & Forecast,
2017 – 2026” The global traffic road marking coating market is
anticipated to reach around USD 6,781 million by 2026 according to a new
research published by Polaris Market Research. In 2017, the paint segment dominated the
global market, in terms of revenue. In 2017, Europe accounted for the majority
share in the global Traffic Road Marking Coating market.
Browse Research Report On Traffic Road Marking
Coating Market Analysis: https://www.polarismarketresearch.com/industry-analysis/traffic-road-marking-coating-market
The rapid increase in traffic
congestion across the globe majorly drives the growth of this market. Growing
concerns regarding road safety coupled with increasing need to efficiently
control and management road traffic supports the market growth. A significant
increase in the number of road accidents has been registered, which encourages
governments to improve the road infrastructure. There has been an increasing
construction of roads, especially in the developing regions of Asia-Pacific and
Latin America, which further augments the growth of this market. Introduction
of organic road marking coatings along with increasing awareness regarding the
use of environment friendly marking materials would provide growth opportunities
for traffic road marking coating market in the coming years.
Asia-pacific is expected to grow at
the highest CAGR during the forecast period. There has been increase in
construction of roadways in the developing countries of Asia-Pacific. The increasing
need to improve infrastructure is increasing the demand of traffic road marking
coating in the region. Governments in the region are increasingly investing in
the development of roadway infrastructure, augmenting the market growth.
Growing concerns regarding road accidents, and rising need to control them
further promotes the growth of this market. Leading global players are
expanding their presence in developing nations of China, Japan, India,
Indonesia, and Malaysia to tap the growth opportunities offered by these
countries.
The various types of traffic road
marking coatings include thermoplastic, paint, preformed polymer tape, and
others. The paint segment is expected to lead the market during the forecast
period owing to its increasing demand from the developing regions. Use of paint
is generally preferred owing to its easy availability and ability to dry at a
faster rate. Thermoplastic is expected to grow at the highest CAGR during the
forecast period.
Access press release of Traffic Road Marking
Coating Market:
https://www.polarismarketresearch.com/press-releases/global-traffic-road-marking-coating-market
The well-known companies profiled in
the report include Vertex Group, Geveko Markings, Dow Chemical Company, Asian
Paints PPG Pvt. Ltd., Lanino Road Marking Products, Kataline Infraproducts Pvt.
Ltd., Ozark Materials, LLC, Kestrel Thermoplastics Ltd., Crown Technology LLC,
and WJ Products Ltd. among others. These companies launch new products and
collaborate with other market leaders to innovate and launch new products to
meet the increasing needs and requirements of consumers.
About Polaris
Market Research
Polaris Market Research is a global market research and
consulting company. The company specializes in providing exceptional market
intelligence and in-depth business research services for our clientele spread
across different enterprises. We at Polaris are obliged to serve our diverse
customer base present across the industries of healthcare, technology,
semi-conductors and chemicals among various other industries present around the
world. We strive to provide our customers with updated information on
innovative technologies, high growth markets, emerging business environments
and latest business-centric applications, thereby helping them always to make
informed decisions and leverage new opportunities. Adept with a highly
competent, experienced and extremely qualified team of experts comprising SMEs,
analysts and consultants, we at Polaris endeavor to deliver value-added
business solutions to our customers.
For more information: https://www.polarismarketresearch.com/
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