Tuesday, 5 December 2017

Traffic Road Marking Coatings Market is expected to Witness a CAGR of 5.13% Till 2021 | SealMaster, SWARCO, 3M, Geveko Markings, LANINO

A new independent 79 page research with title 'Global Traffic Road Marking Coatings Market 2017-2021’guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like North America, Europe and Asia-Pacific, South America, Middle East & Africa and important players/vendors such as SealMaster, SWARCO, 3M, Geveko Markings, LANINO etc.
Traffic road marking coatings play a vital role in maintaining the road safety, especially in four and six-lane highways.
The coatings help ensure the smooth movement of traffic, thereby reducing the number of road accidents. These coatings are easy-to-apply, UV resistant, non-toxic, environment-friendly, and corrosion resistant. Apart from traffic guidance, traffic road marking coatings also act as a tool for warning, controlling, and providing information to drivers. There are several types of traffic road marking coatings available in the market such as paint, thermoplastic, preformed polymer tape, and epoxy.
HTF’s analysts forecast the global traffic road marking coatings market to grow at a CAGR of 5.13% during the period 2017-2021.
HTF recognizes the following companies as the key players in the global traffic road marking coatings market: 3M, Geveko Markings, LANINO, The Dow Chemical Company, and The Sherwin-Williams Company.
Other Prominent Vendors in the market are: Asian Paints PPG, Crown Technologies, Nippon Paint Holdings, SealMaster, and SWARCO.
Commenting on the report, an analyst from HTF’s team said: “One trend in the market is emergence of organic road marking materials. Traffic road marking coatings usually contain solvents that are made from VOCs. VOCs are potentially harmful to the environment. With the emergence of organic traffic road marking coatings, the use of VOCs in traffic road marking coatings will reduce. Europe and North America have strict regulations related to VOC emissions.”
According to the report, one driver in the market is increasing new road construction. The construction of new roads worldwide is driving the demand for traffic road marking coatings, thereby impacting the global traffic road marking coatings market positively. Road construction has increased significantly in several countries in APAC, which is fueling the traffic road marking coatings market in APAC as well as globally. Road and transportation is one of the most important contributors for the economic development and growth of a country. Being one of the most crucial public assets, the need for constant maintenance of roads has increased, which, in turn, drives the global traffic road marking coatings market.
Further, the report states that one challenge in the market is increasing competition among vendors. The competition among the vendors is intense. Many vendors have implemented cost-efficient methods of manufacturing traffic road marking coatings in order to offer products at low prices. However, many new entrants lack the technical expertise and financial resources required for producing traffic road marking coatings, which often prevents them from entering the market. However, the presence of many regional and global players intensifies the competition, thereby affecting the revenue of the existing vendors negatively. Therefore, the vendors are looking at new ways to differentiate themselves from their competitors.
Table of Contents
PART 01: EXECUTIVE
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
• Market outline
PART 05: MARKET LANDSCAPE
• Market ecosystem
• Market segmentation analysis
PART 06: MARKET SIZING
• Market size and forecast
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
• Global traffic road marking coatings market by product
• Global traffic road marking coatings market by paint
• Global traffic road marking coatings market by thermoplastic
• Global traffic road marking coatings market by preformed polymer tape
• Global traffic road marking coatings market by epoxy
• Market opportunity by product
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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