The global traffic road marking coatings market size is expected to be worth around US$ 10.1 billion by 2030, according to a new report by Vision Research Reports.
The global traffic road marking coatings market size was valued at US$ 6.6 billion in 2020 and is anticipated to grow at a CAGR of 7.8% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 10.1 billion by 2030 |
| Growth Rate | CAGR of 7.8% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Type, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | AutoMark Technologies (India) Pvt. Ltd.; Sherwin-Williams Company; Geveko Markings; Ennis Flint; Inc.; Crown Techno; Dow Inc.; 3M Company; Swarco. |
Growth Factors
Increased spending on infrastructural development for constructing new highways and focus on repair and maintenance operations are expected to be the key driving factors for the global market. The industry is not only associated with new road construction activities but also with existing maintenance businesses, which drives the demand for repainting.
Key Players
Market Segmentation
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