Road Marking Materials Market is anticipated to reach US$5.66 bn by 2024

@

Global Road Marking Materials Market: Snapshot

Road marking materials provide visible signs on streets, motorways, curbs, berms, driveways, parking areas, sidewalks, and airfields. They are typically classified into two types: performance-based and paint-based markings. Performance-based markings are further divided into the following categories: thermoplastics and cold plastics.

Paint-based markings include solvent-based, water-based, epoxy, and polyurethane-based paints. Paint-based markings are estimated to be a key segment of the global road marking materials market during the forecast period.

The growing demand for water-based paints is expected to propel the road marking materials market over the forecast period. Performance-based markings include thermoplastics and cold plastics.

Read Report Overview @

https://www.transparencymarketresearch.com/road-marking-materials-market.html

Thermoplastics are a major material used in road markings, specifically a powder paint that has to be heated up to 200? C and then sprayed onto road surfaces. Solvent-based paints are majorly produced from acrylic resin dissolved in organic solvents such as esters and ketones. They are inexpensive and exhibit better control of drying and improved adhesion to asphaltic and oily surfaces. Water-based paints are quite similar to solvent-based ones in terms of solvent evaporation causing drying.

According to the report, the global road marking materials market was valued at US$3.50 bn in 2015 and is anticipated to reach US$5.66 bn by 2024, expanding at a CAGR of 5.5% between 2016 and 2024.

Read Report Brochure @

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13655

Vast Rise in Infrastructure Development Activities to Drive Demand

The report segments the road marking materials market based on application into airport marking, road marking, factory marking, and car park marking. On basis of application type demand for road marking materials was significant in 2016, due to the growing awareness towards road safety and need of high degree of visibility during nighttime travels. Road marking includes double yellow line marking, white line marking, and single line marking, which comprises highways and motorways, private roads, bus and cycle lanes, and pedestrian crossings. The selection of road marking material depends on its durability, price, and method of application in the region.

In terms of market share, the road marking application was followed by the factory marking and car park marking segments in 2015. Factory marking includes safety, aisle, and space marking in areas such as forklift working spaces, unsafe zones beside dangerous or heavy machinery, loading bays, safe designated walkways and stairs, workshop demarcations, internal floors in warehouses, distribution and logistics centers, and other factory environments. The development of retail and industrial sectors such as businesses such as supermarkets, city centers, and hotels and the increasing number of automobiles have fueled the demand for car parking.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com