Fact.MR, a source for market research and competitive data, estimates that during the past five years, usage of road marking paints and materials has increased globally at a CAGR of around 5.1%. Demand for Road Marking Paints and Materials has increased due to rapid industrialization and increased production capacity.
According to Fact.MR, a supplier of market research and competitive intelligence, the Global Road Marking Paints and Materials Market is expected to develop at a CAGR of 6.5% through 2032, reaching a valuation of US$12.2 Billion.
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Market Titans
- Sherwin-Williams Company
- Aximum
- 3M
- Ennis-Flint, Inc.
- Swarco Ag
Recent Developments
Some of the recent developments in Road Marking Paints and Materials Market are as follows:
- In October 2021, Swarco, an Austrian transportation technology company announced the acquisition of Hitex, a Road Marking Paints and Materials provider. With this acquisition, Swarco expects to enter the Road Marking Paints and Materials market in the U.K.
- In January 2021, A European private equity firm THI Investments announced that it has gained a majority stake from WJ Group, a provider of specialty highway goods and services including Road Marking Paints and Materials.
Key Elements
- Market revenue through roads and highways application is expected to grow at a CAGR of 7.3%
- Revenue of Road Marking Paints and Materials market is expected to reach a valuation of US$ 12.2 Bn by 2032
- Revenue through paint-based marking is projected to grow at a CAGR of 7% during 2022 – 2032
- In 2021, the U.S. accounted for around 50% of the Road Marking Paints and Materials revenue
Industry Survey
- By Type :
- Paint Based Materials
- Performance-Based Materials
- By Application :
- Road and Highway Marking Paint
- Pavement Marking Paint
- Parking Lot Marking Paint
- Factory Marking Paint
- Airport Marking Paint
- Field Marking Paint
- Other Applications
- By Region :
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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