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.
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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.”
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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
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Content @ https://www.htfmarketreport.com/reports/822191-global-traffic-road-marking-coatings-market-3
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