The global road marking paint market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. Transportation infrastructure development projects involve the construction, expansion, and maintenance of roads, highways, and other transportation networks. These projects create a demand for road marking paint, which is essential for clear and visible road markings to guide traffic and ensure safety. Road marking paint is needed for lane dividers, crosswalks, and directional indicators. Over time, road markings fade and deteriorate due to weather conditions and heavy traffic, which creates a sustained demand for road marking paint. The growth of the Road Marking Paint Market is driven by urbanization, population growth, government regulations, and safety standards. Technological advancements in road marking paint also contribute to market growth. The market is expected to increase as countries continue to invest in infrastructure projects, and the demand for road marking paint is expected to grow. The growth in the construction industry is also expected to drive the market for thermoplastic marking paints in the coming years. For instance,
Browse the full report description of “Road Marking Paint Market Size, Share & Trends Analysis Report by Type (Thermoplastic Marking Paint, Water based Marking Paint, Solvent Based Marking Paint, and Two-Component Road Marking Paint) and by Application (Roads & Streets, Parking Lot, Airport, and Other) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/road-marking-paint-market
• In December 2021, The Japan International Cooperation Agency (JICA) and India's Ministry of Road Transport and Highways (MoRTH) signed an agreement for capacity development for the maintenance of resilient mountainous highways. The agreement between JICA and MoRTH is part of the Assam South Asia Subregional Economic Cooperation Corridor Connectivity Improvement Project. The project aims to build and maintain hill highways in India, and the agreement will help improve the institutional capacity of operation and maintenance of mountainous highways in India.
• In June 2022, the European Commission chosen 135 transport infrastructure projects for European Union (EU) grants out of 399 proposals submitted under the Connecting Europe Facility (CEF). The funding aims to enhance missing infrastructure connections, promote sustainable and efficient transport, improve safety and interoperability, and generate employment opportunities. With a total investment of $6.5 billion, the EU is committed to developing sustainable, safe, and efficient transport infrastructure. Among the supported projects is the enhancement of the rail-road transhipment terminal in Haniska pri Košicich, which will facilitate improved connections with Ukraine and strengthen the EU's railway network.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Includes Alfa Laval AB, Bosch Thermotechnik GmbH, Sigma Thermal Inc., Astec Industries, Inc., Thermax, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Road Marking Paint Market Report Segment
By Type
By Application
Global Road Marking Paint Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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