Traffic marking paints market size is forecast to reach $6.14 billion by 2025, after growing at a CAGR of 6.15% during 2020-2025. Traffic marking paints are mainly used for marking roads and it ensures public safety with proper guidance. With the rise in infrastructure projects, there is rise in demand of traffic marking paints as, roadway network projects for airport, highways & bridges, freeways, and others are incomplete without traffic marking paints. Governments’ regulations for awareness of road safety such as carriageway markings, longitudinal markings, hazardous location markings, parking and others will further boost the market growth. In addition, reflective markers in road marking coatings results with higher benefits which have also became the major factor for the market growth.

Key Takeaways

Asia-Pacific dominates the Traffic marking paints market, as it is the largest consumer of road marking paints across the globe.
The issues such as traffic congestion, traffic violations, and road accidents are majorly driving the demand for road marking materials in the region.
On annual contract basis governments across the globe keeps organizing bids for traffic marking paint projects.
Digital sign boards will create small hurdles for Traffic marking paints market.

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Geography - Segment Analysis

Countries such as India and China are set to bring out the increase of the global traffic marking paints market in forecast period. In these countries road construction never ends because of the large area (urban & rural) they acquire. The growing road construction in large area countries such as China, India and Others to connect small cities for better development have created growth opportunity for traffic marking paints market. APAC consist a very dominant part in the world’s roadway network because the large area it acquired. Whereas AH1 is the longest route of the Asian Highway Network, running from Tokyo, Japan via Korea, China, Southeast Asia, Bangladesh, India, Pakistan, Afghanistan and Iran to the border between Turkey and Bulgaria west of Istanbul where it joins end-on with European route E80.

 Drivers – Traffic Marking paints Market

Growing demand for Roadways network
Implementation of Stringent Governments Regulations

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Traffic Marking Paints Market. Major players in the Traffic Marking Paints Market are The Sherwin-Williams Company, Ennis-Flint, SWARCO AG, 3M, and Aximum among others.

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