The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Road Marking Materials Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Road Marking Materials Global Market Report 2024, The road marking materials market size has grown strongly in recent years. It will grow from $5.96 billion in 2023 to $6.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to road safety regulations, growth in transportation infrastructure, urbanization and population growth, maintenance and refurbishment projects, technological advancements in road marking materials, environmental concerns..

The road marking materials market size is expected to see strong growth in the next few years. It will grow to $8.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to smart road marking materials for autonomous vehicles, reflective and high-visibility road markings, sustainable and eco-friendly road marking materials, integration of iot in road markings, advanced weather-resistant materials, customized road markings for traffic management.. Major trends in the forecast period include solar-powered road markings for energy efficiency, 3d and interactive road markings, anti-skid and anti-icing road marking materials, dynamic lane markings for traffic management, rfid-based road marking for smart tolling, augmented reality navigation through road markings..

The road marking materials market is experiencing growth, primarily propelled by new infrastructure and roadway projects in emerging economies. The surge in road projects, driven by a focus on passenger safety, is contributing to increased consumption of road marking materials. For example, the Indian government's allocation of $14.85 billion to the Ministry of Road Transport and Highways in the Union Budget 2021–22 underscores the commitment to enhancing infrastructure. Additionally, Refinitive reports that in China, the value of belt and road projects has surpassed $4 trillion. This significant investment in infrastructure and road development in emerging economies is a key driver for the growth of the road marking materials market.

Furthermore, the growth of the road marking materials market is being fueled by increasing urbanization. Urbanization, characterized by population concentration in cities and towns, is closely linked to the expansion of urban infrastructure and the development of urban lifestyles. Road marking materials play a crucial role in managing traffic, enhancing safety, and facilitating efficient mobility in growing cities. As reported by the World Bank, approximately 56% of the world's population, or 4.4 billion people, presently reside in cities. By 2050, this urban population is expected to double, with seven out of ten people projected to live in cities. The expansion of urban built-up areas is anticipated to increase by 1.2 million km² by 2030, outpacing population growth. This ongoing trend of urbanization is a significant factor driving the growth of the road marking materials market.

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The road marking materials market covered in this report is segmented –
1) By Type: Paint-Based Marking, Solvent-Based Paints, Water-Based Paints, Performance-Based Marking, Thermoplastics, Cold Plastics
2) By Application: Road Markings, Factory Markings, Car Park Markings, Airport Markings, Anti-Skid Markings

Top Major Players
The Sherwin-Williams Company,
Minnesota Mining and Manufacturing Company,
Ennis Flint Inc.,
Evonik Industries AG,
Geveko Marking UK Ltd

The road marking materials market report table of contents includes:
1. Executive Summary
2. Road Marking Materials Market Characteristics
3. Road Marking Materials Market Trends And Strategies
4. Road Marking Materials Market - Macro Economic Scenario
5. Global Road Marking Materials Market Size and Growth
6. Road Marking Materials Market Segmentation
7. Road Marking Materials Market Regional And Country Analysis
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33. Key Mergers And Acquisitions In The Road Marking Materials Market
34. Road Marking Materials Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Road Marking Materials Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 51: The Sherwin-Williams Company Financial Performance
Table 52: Minnesota Mining and Manufacturing Company Financial Performance
Table 53: Ennis Flint Inc. Financial Performance
Table 54: Evonik Industries AG Financial Performance
Table 55: Geveko Marking UK Ltd Financial Performance

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