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Road Marking Materials Global Market Report 2024

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    Report

  • 200 Pages
  • December 2023
  • Region: Global
  • The Business Research Company
  • ID: 5741464
Road marking materials encompass any material utilized on a road surface to offer authoritative information and convey clear, comprehensible details to travelers regarding roadway alignment and vehicle positioning. These materials are engineered with a focus on durability, safety, and aesthetic considerations to facilitate traffic control, provide positive guidance, and communicate warnings effectively. Additionally, standardized road markings aim to prevent driveway confusion and enhance overall road safety.

The primary categories of road marking materials include paint-based marking, solvent-based paints, water-based paints, performance-based marking, thermoplastics, and cold plastics. Specifically tailored for road marking, paint-based marking materials are designed for delineating parking bay lines, arrows, numbers, and various lines. The applications of road marking materials span road markings, factory markings, car park markings, airport markings, and anti-skid markings.

The road marking materials market research report is one of a series of new reports that provides road marking materials market statistics, including road marking materials industry global market size, regional shares, competitors with a road marking materials market share, detailed road marking materials market segments, market trends and opportunities, and any further data you may need to thrive in the road marking materials industry. This road marking materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 increase observed during the historical period can be credited to road safety regulations, the expansion of transportation infrastructure, urbanization, population growth, maintenance and refurbishment projects, technological advancements in road marking materials, and growing 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 anticipated growth in the forecast period can be ascribed to the utilization of smart road marking materials tailored for autonomous vehicles, the implementation of reflective and high-visibility road markings, the adoption of sustainable and eco-friendly road marking materials, the integration of IoT in road markings, the use of advanced weather-resistant materials, and the development of customized road markings for efficient traffic management. Noteworthy trends in the forecast period encompass the adoption of solar-powered road markings for enhanced energy efficiency, the introduction of 3D and interactive road markings, the use of anti-skid and anti-icing road marking materials, the incorporation of dynamic lane markings for improved traffic management, the implementation of RFID-based road markings for smart tolling, and the facilitation of augmented reality navigation through road markings.

The growth of the road marking materials market is anticipated to be driven by new infrastructure and roadway projects in emerging economies. The increase in road projects places a heightened emphasis on passenger safety, leading to a surge in the consumption of road marking materials. For instance, the government of India allocated $14.85 billion to the Ministry of Road Transport and Highways in the Union Budget 2021–22, as reported by the India Brand Equity Foundation (IBEF). Refinitive notes that in China, the value of belt and road projects has exceeded $4 trillion. Consequently, the road marking materials market is experiencing growth due to the substantial investment in infrastructure and roadway projects in emerging economies.

The road marking materials market is poised to experience growth due to the rise in urbanization. Urbanization, characterized by an increasing 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. According to the World Bank's October 2022 report, approximately 56% of the world's population, or 4.4 billion people, currently resides in cities. The urban population is expected to more than double by 2050, with 7 out of 10 people predicted to live in cities. Increasing urbanization is driving the growth of the road marking materials market, as urban areas continue to expand.

A noteworthy trend in the road marking materials market is the adoption of technological advancements. For example, in April 2022, Germany-based chemicals company Röhm GmbH introduced DEGAROUTE proTerra 100, a more environmentally friendly binder for cold plastic road markings. This innovative material, constructed with 30% recycled PMMA, boasts a carbon footprint approximately 20% lower than equivalent materials from virgin raw materials. DEGAROUTE road markings are reactive, solvent-free systems that release minimal volatile organic compounds (VOC). Technological advancements like these contribute to the environmentally conscious evolution of road marking materials.

Major companies in the road marking materials market are strategically focusing on introducing innovative products to gain a competitive edge. Epocoat 410, a specific product known for providing a durable and resistant finish to various surfaces, was introduced by Epoxy Oilserv Nigeria Limited in August 2022. This one-component self-drying paint, composed of organic chemical polymer material, is used for various applications, including road markings. Different materials and paints, each with unique properties such as anti-skid, reflectivity, longevity, and performance, can be utilized depending on the surface and mark. The strength and longevity of thermoplastic materials greatly benefit the infrastructure for road markings.

In October 2022, Ingevity Corporation further solidified its position in the market by acquiring Ozark Materials for $325 million. This strategic acquisition enhances Ingevity's presence in the paving construction industry and aligns with its business model and capabilities. Ozark Materials, a competitive player in pavement marking materials, complements Ingevity's portfolio with its expertise in manufacturing thermoplastic pavement markings and waterborne traffic paints.

Major companies operating in the road marking materials market include The Sherwin-Williams Company, Minnesota Mining and Manufacturing Company, Ennis Flint Inc., Evonik Industries AG, Geveko Marking UK Ltd., Hempel AS, Kelly Bros Ltd., Ozark Materials LLC, Sealmaster of Pennsylvania Inc., SWARCO Industries Inc., Automark Technologies Private Ltd., Asian Paints Ltd., Chemac Inc., DCC LANINO ROAD SAFETY PRIVATE LIMITED, Dow Chemical Company, Epoplex GmbH & Co. KG, Geveko Markings India Pvt. Ltd., Hitex International Group, Hi-Way Services Ltd., Kestrel Thermoplastics Limited, Crown Technology Inc., LANINO LLC, Liquid Plastics Limited, Nippon Paint (M) Sdn Bhd, Potters Industries LLC, RAE Products and Chemicals Corp., Roadmark Corporation, Viz Reflectives North America, 3M Co., Aximum SA, BASF SE, BASLER LACKE AG, BNKO Environmental Technology Co. Ltd., Crown US LLC, Dianal America Inc., Henkel Corp., NITTO DENKO CORPORATION, Permionics Membranes Private Limited, PPG Industries Ltd.

Asia-Pacific was the largest region in the road marking materials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the road marking materials report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the road marking materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The road marking materials market consists of sales of road marking materials, including thermoplastic marking, cold-applied plastic, and preformed adhesive tapes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Road Marking Materials Market Characteristics3. Road Marking Materials Market Trends And Strategies
4. Road Marking Materials Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Road Marking Materials Market Size and Growth
5.1. Global Road Marking Materials Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Road Marking Materials Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Road Marking Materials Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Road Marking Materials Market Segmentation
6.1. Global Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Paint-Based Marking
Solvent-Based Paints
Water-Based Paints
Performance-Based Marking
Thermoplastics
Cold Plastics
6.2. Global Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Road Markings
Factory Markings
Car Park Markings
Airport Markings
Anti-Skid Markings
7. Road Marking Materials Market Regional And Country Analysis
7.1. Global Road Marking Materials Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Road Marking Materials Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Road Marking Materials Market
8.1. Asia-Pacific Road Marking Materials Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Road Marking Materials Market
9.1. China Road Marking Materials Market Overview
9.2. China Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Road Marking Materials Market
10.1. India Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Road Marking Materials Market
11.1. Japan Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Road Marking Materials Market
12.1. Australia Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Road Marking Materials Market
13.1. Indonesia Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Road Marking Materials Market
14.1. South Korea Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Road Marking Materials Market
15.1. Western Europe Road Marking Materials Market Overview
15.2. Western Europe Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Road Marking Materials Market
16.1. UK Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Road Marking Materials Market
17.1. Germany Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Road Marking Materials Market
18.4. France Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.5. France Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Road Marking Materials Market
19.7. Italy Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.8. Italy Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Road Marking Materials Market
20.10. Spain Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.11. Spain Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Road Marking Materials Market
21.1. Eastern Europe Road Marking Materials Market Overview
21.2. Eastern Europe Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Road Marking Materials Market
22.1. Russia Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Road Marking Materials Market
23.1. North America Road Marking Materials Market Overview
23.2. North America Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Road Marking Materials Market
24.1. USA Road Marking Materials Market Overview
24.2. USA Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Road Marking Materials Market
25.1. Canada Road Marking Materials Market Overview
25.2. Canada Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Road Marking Materials Market
26.1. South America Road Marking Materials Market Overview
26.2. South America Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Road Marking Materials Market
27.1. Brazil Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Road Marking Materials Market
28.1. Middle East Road Marking Materials Market Overview
28.2. Middle East Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Road Marking Materials Market
29.1. Africa Road Marking Materials Market Overview
29.2. Africa Road Marking Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Road Marking Materials Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Road Marking Materials Market Competitive Landscape And Company Profiles
30.1. Road Marking Materials Market Competitive Landscape
30.2. Road Marking Materials Market Company Profiles
30.2.1. The Sherwin-Williams Company
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Minnesota Mining and Manufacturing Company
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Ennis Flint Inc.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Evonik Industries AG
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Geveko Marking UK Ltd
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Global Road Marking Materials Market Competitive Benchmarking32. Global Road Marking Materials Market Competitive Dashboard33. Key Mergers And Acquisitions In The Road Marking Materials Market
34. Road Marking Materials Market Future Outlook and Potential Analysis
34.1 Road Marking Materials Market In 2028 - Countries Offering Most New Opportunities
34.2 Road Marking Materials Market In 2028 - Segments Offering Most New Opportunities
34.3 Road Marking Materials Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies
35. Appendix
35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer

Executive Summary

Road Marking Materials Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on road marking materials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • All data from the report will also be delivered in an excel dashboard format.

Description:

Where is the largest and fastest growing market for road marking materials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

  • Markets Covered: 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
  • Companies Mentioned: The Sherwin-Williams Company; Minnesota Mining and Manufacturing Company; Ennis Flint Inc.; Evonik Industries AG; Geveko Marking UK Ltd.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • The Sherwin-Williams Company
  • Minnesota Mining and Manufacturing Company
  • Ennis Flint Inc.
  • Evonik Industries AG
  • Geveko Marking UK Ltd.
  • Hempel AS
  • Kelly Bros Ltd.
  • Ozark Materials LLC
  • Sealmaster of Pennsylvania Inc.
  • SWARCO Industries Inc.
  • Automark Technologies Private Ltd.
  • Asian Paints Ltd.
  • Chemac Inc.
  • DCC LANINO ROAD SAFETY PRIVATE LIMITED
  • Dow Chemical Company
  • Epoplex GmbH & Co. KG
  • Geveko Markings India Pvt. Ltd.
  • Hitex International Group
  • Hi-Way Services Ltd.
  • Kestrel Thermoplastics Limited
  • Crown Technology Inc.
  • LANINO LLC
  • Liquid Plastics Limited
  • Nippon Paint (M) Sdn Bhd
  • Potters Industries LLC
  • RAE Products and Chemicals Corp.
  • Roadmark Corporation
  • Viz Reflectives North America
  • 3M Co.
  • Aximum SA
  • BASF SE
  • BASLER LACKE AG
  • BNKO Environmental Technology Co. Ltd.
  • Crown US LLC
  • Dianal America Inc.
  • Henkel Corp.
  • NITTO DENKO CORPORATION
  • Permionics Membranes Private Limited
  • PPG Industries Ltd.

Methodology

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