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Road Marking Materials Market by Type,Application, and Region 2022

Rohna Patnakar
Road Marking Materials Market by Type,Application, and Region 2022

The Road Marking Materials Market size is expected to grow from USD 6.8 billion in 2018 to USD 8.8 billion by 2023, at a CAGR of 5.2%.

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The paint-based markings segment is estimated to have the highest share in the overall market.

Based on type, the road marking materials market has been segmented into paint-based and performance-based materials. In terms of value, the paint-based marking segment is projected to account for the larger share of the overall market during the forecast period. Paint-based markings are the oldest road markings. They are in high demand due to their retroreflective glass beads. These marking materials are generally used to denote travel lanes or mark parking spaces. However, they offer less brightness and lower performance in terms of adhesion to the substrate. Paint-based road markings can be categorized as solvent-based and water-based paints.

Road & highway marking application is estimated to account for the largest share of the overall road marking materials market in 2018.

The road & highway application is estimated to account for the largest share of the road marking materials market in 2018. Road marking materials are used to convey instructions to commuters. They are applied on road surfaces to provide guidance and information. Several materials are used for road markings. Most of the paints used for pavement marking are durable, i.e., they stay for more than one year. Paint-based markings are widely used for marking road surfaces as they have excellent adhesion to both concrete and bituminous surfaces and have resistance to UV radiation.

The Performance-based markings segment is expected to be the faster-growing type of road marking materials during the forecast period.

The road marking materials market has been classified based on type as paint-based and performance-based materials. The performance-based segment of the market is projected to witness the higher CAGR during the forecast period. Performance-based markings are categorized into thermoplastics and cold plastics. Thermoplastics are one of the most commonly used surface marking materials owing to their high durability, lack of VOC, and excellent reflection properties in the day as well as night, and in wet conditions. Cold plastics are based on methyl methacrylate resins (MMA). These are designed for use in conditions where resistance to wear and tear are of great importance. Cold plastic markings are widely used in high traffic areas, where there is high snowfall. Performance-based markings are durable and efficient in dynamic climatic conditions

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The Sherwin-Williams Company (US), Ennis-Flint, Inc. (US), SWARCO AG (Austria), Geveko Markings (Denmark), and SealMaster (US), among others, are the key players operating in the road marking materials market.


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Rohna Patnakar
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