Market Dynamics of Road Marking Paints & Coatings Market
Upsurge in infrastructure development in the emerging economies such as India, China, and Mexico, has been observed in the last few years. Increasing road safety concerns, all over the globe is pushing the road marking paints & coatings. Additionally, increasing awareness about the road safety and use of road marking paints & coatings is expected to drive the demand for road marking paints & coatings, during the forecast period. Increasing population in the countries such as India and china and rise in per capita income of the populations in pushing the need for more roads. Moreover, increasing utilization of the existing roads is accelerating the frequency of road marking, in the densely populated countries. This is also driving the growth of the road marking paints & coatings market.
Stringent regulations on the VOC content of the road marking paints & coatings, in the developed economies is expected to be challenging factor for the potential growth of the market
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Various types of solvent based paints and coatings used in road marking. Solvent based paints & coatings are facing challenges for complying with the norms of VOC contents in these paints & coatings. The potential growth in the demand for road marking paints & coatings, can be impacted due to the stringent regulations on VOC contents of the paints & coatings. Developed regions such as North America and Europe, have more stringent laws for the VOC content, therefore, these regions are expected slow growth compared to other regions such as Asia Pacific and MEA.
Road marking paints & coatings market trends: Innovation and new product developments
Improvement in the visibility and durability of the road marking paints & coatings, is at the center of focus by the manufacturers and formulators. High performance materials are being used in road marking paints & coatings. Continuous research and development in the field of paints & coatings is bolstering the new product developments in this market. Increasing demand for durable and highly visible paints & coating for road marking applications is expected to boost the growth of the global road marking paints & coatings market.
Road marking paints & coatings Market: Regional Outlook
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Large population and increasing infrastructure developments in India, China and other emerging countries in the world, is driving the global road marking paints & coatings market. Asia Pacific region led the global road marking paints & coatings market. China and India are the fast growing countries in the global road marking paints & coatings market. Increasing demand from developing and emerging markets is boosting the demand for road marking paints & coatings. Growing population and increasing demand for high performance paints coatings, all over the world, is putting pressure on the manufacturers to meet the demand, which is pushing new developments in the road marking paints & coatings market. Asia Pacific witnessed high growth in last few years. North America and Europe followed Asia Pacific in terms of demand for road marking paints and coatings, however road marking paints & coatings market in Europe and North America is expected to grow at a slower growth compared to Asia pacific. Latin America also contributed a significant share in the global road marking paints & coatings market. Middle East and Africa is also creating lots of opportunities for road marking paints & coatings market players as the textile processing market is growing at a significant growth rate, in the region.
Global Road marking paints & coatings Market Participants
Some of the market participants identified across the value chain of global road marking paints & coatings market are: The Sherwin-Williams Company 3M SWARCO AG Geveko Markings Ennis-Flint, Inc. JotunCrown Technology, LLC Sealmaster Aximum US Specialy Coatings Rembrandtin Lack GmbH Nfg. Kg Berger Paints
The global market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The global market research report provides analysis and information according to market segments such as geographies, application and industry.
The global road marking paints & coatings market report covers exhaustive analysis on: Road marking paints & coatings Market Segments Road marking paints & coatings Market Dynamics Road marking paints & coatings Market Size Road marking paints & coatings Supply & Demand Road marking paints & coatings Current Trends/Issues/Challenges Road marking paints & coatings Competition & Companies Involved Road marking paints & coatings Technology Road marking paints & coatings Value Chain
The Global Road marking paints & coatings Market: Regional analysis includes: North America (U.S., Canada) Latin America (Mexico, Brazil, Argentina, Chile, Peru) Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics) Eastern Europe (Russia, Poland, CIS) Asia-Pacific (China, India, ASEAN, South Korea) Japan Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The global market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global market report also maps the qualitative impact of various market factors on market segments and geographies.
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