Road Marking Paints & Coatings Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2032

 

The size of the global market for road marking paints and coatings is anticipated to expand significantly from 2022 to 2032 at a CAGR of 3.5 percent. The market for road marking paints and coatings is expected to grow as people become more conscious of the need of driving safely. According to FMI, the market for paints and coatings for road markings would likely reach US$ 11.6 billion in 2032 and US$ 8.1 billion in 2022.

Road marking paints & coatings are used for marking road area, speed breakers, dividers, parking areas, and turning signs amongst others. Road marking plays a crucial role in maintaining road safety and traffic control. This activity is enabled by the application of Road Marking Paints & Coatings by the road marking job companies. Road marking paints & coatings needs to be durable and strongly visible, therefore, abrasion resistant and strong weathering proof paints & and coatings are used for marking the road.

Road marking paints are coatings use optical brighteners or fluorescent pigments for providing brightening and fluorescent effect to the road markings. Road marking paints & coatings are generally polymer based and ceramic based coatings including, acrylic, epoxy glass, and other materials. Road marking paints and coatings can be classified into water based, solvent based and other thermoplastic coatings. Glass beads are also used in the road marking purposes.

Applications of road marking paints & coatings includes, highways, local roads, parking areas, landing markings, cross roads, and intersections on the roads. The service industry of applying these coatings contributes a significant share in the value chain of the road marking paints & coatings market.

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