In-depth analysis and data-driven insights on the impact of COVID-19 included in this global marking materials market report.
The global marking materials market is expected to grow at a CAGR of over 4% during the period 2019−2025.
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Marking Materials Market – Segmentation
Marking Materials Market by Material
Marking Materials Market by End-user
Marking Materials Market – Dynamics
Transportation infrastructure has become an important support system for the economic growth of several countries. Increased spending on construction of new highways and maintenance operations is expected to be the key driving force for the road marking materials market. Several densely populated cities globally are witnessing increasing investments in intelligent street marking systems that ensure the safety and durability of marking materials under different environmental conditions. Due to rapid urbanization and increase in traffic density, extending the durability of marking materials on roads has become a tedious process. Traffic markings in several developed countries play a vital role in maintaining safety, particularly in multi-lane highways.
Key Drivers and Trends fueling Market Growth:
Marking Materials Market – Geography
The marking materials market in the APAC region is characterized by bureaucratic hurdles in the roads and highways sector. Road construction projects are usually delayed in developing countries, impacting the scaling up process of vendors. Several countries, however, have invested heavily in the modernization of road infrastructure. Authorities have committed to developing exceptional road infrastructure. Surface transportation infrastructure budget allocation is among the top priorities in many countries of APAC. The average rate of road construction in the APAC region has increased to over 25km per day. This growth in construction activities has created a sizeable demand for marking materials. However, periodic maintenance of roads and highways in these regions is not carried out at regular intervals which affects the steady growth of the market.
Marking Materials Market by Geography
Major Vendors
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