Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Traffic Road Marking Coating Market (By Product: Paint, Thermoplastic, Preformed Polymer Tape [By Product {Thermoplastic Tape, Pressure Sensitive Tape}, By Application {Road Marking Lines, Road Marking Labels}, By Usage {Permanent, Removable}], Epoxy) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.
LOS ANGELES, April 04, 2019 (GLOBE NEWSWIRE) -- The international traffic road marking coatings market’s size is anticipated to worth USD 6.5 billion by 2026 and the industry is expected to display a CAGR of 5.2% during the predicted years.
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Technological progression is a significant factor for industry development as nations are becoming more concerned about public safety and health. Rising environmental concerns are propelling the demand for greener products in a offer to encourage a healthy environment.
Paints are regarded as a main source of harmful VOC emissions. This has resulted in the growth of thermoplastic coatings and other eco-friendly alternatives. Increasing cases of road fatalities is another main concern that is compelling regional governments to invest in technical development to safeguard highway maintenance and safety. There is a demand for technical growth to deal with such problems efficiently and recover the worldwide economic state as well.
Preformed polymer tape is a cold-applied plastic sheet utilized for stamping traffic paths, crosswalks, and stop bars. Epoxy is a solid and efficient solution, which comprises of a pigmented gum base and a catalyst. Such coating type is favoured over plastic material inferable from its minimal effort and exceedingly solid highlights. Producers are concocting activities to create temperature-sensitive paints, which can withstand antagonistic ecological conditions, for example, snowfall and heavy rains.
Rising demand in the markings of private and public parking spots is required to support the market development. Administrative bodies over the globe are ceaselessly planning rules to improve street security. While a settled administrative structure is as of now present in developed regions, for example, North America and Europe, developing economies are as yet progressing in the direction of upgrading the system to ensure street security and maintenance.
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Speedy infrastructure expansions in developing economies will trigger the regional development. Road development and construction in India has augmented from 9 km per day in 2014 to around 22 km per day in 2016. Such huge surge in highway building activities, paired with maintenance activities will result in high industry development.
Thermoplastic coating is anticipated to rise as the quickest developing product segment. Street marking paints is relied upon to be the largest segment. Regular paint is perfect for markings on private spaces and open boulevards. These paints are accessible in various colors, each symbolizing a different operation, viz. best reflectors, areas frequented by overwhelming fork-lift truck, fundamental for temporary marks.
Thermoplastic markings are connected in a thick/developed layer to make rumble strips. This coating sets rapidly and clings immovably to the surface. Additional added substances can be added to hold its shading after some time, in this way improving its reflective capacities. High quality and obstruction make them wear-resistance.
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The global traffic road marking coatings market has been classified into product and region. Based on product, the global traffic road marking coatings market is segregated into paint, thermoplastic, and preformed polymer tape, and epoxy. The preformed polymer tape is further segmented into product (thermoplastic tape, pressure sensitive tape), application (road marking labels, road marking lines), usage (permanent and removable). On the basis of region, the global traffic road marking coatings market is bifurcated into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific.
The U.S. government has taken off activities to upgrade street infrastructure and energize the improvement of durable, high-performance coating products with improved perceive ability and slide skid resistance. Encouraging vertical market coordination by propelling assembling units for motorway stamping and traffic paints will allow temporary workers and instruments to obtain better power over expense and nature of products. This is relied upon to help the provincial market development over the forecast period.
Europe has risen as the biggest market while Asia Pacific is anticipated to observe the most noteworthy development over the estimate time frame. The European Union Road Federation, as a part of its continuous endeavours, is effectively inquiring about to create standard suggestions to achieve its objective of diminishing roadway fatalities. Use of high-quality building materials, preparing and better observation on contractual workers are a part of the proposed the 10-Point Program.
The significant players in the global traffic road marking coating market are Swarco AG; The 3M Company; Automark Technologies Sherwin-Williams Company; SealMaster; Geveko Markings; Surya Min Chem (SMC); Ennis-Flint; Asian Paints; Crown Technologies; and Dow Chemical Company.
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