New York, NY -- (SBWIRE) -- 12/21/2020 -- Traffic road marking coatings are materials used to mark road surfaces for efficient traffic management and public safety. Traffic road markings provide information and necessary warnings to road users. Therefore, these coatings intended to make the direction signs easily visible to ensure smooth traffic flow and minimize accidents. These are extensively used for highway road markings, zebra crossing markings, centerline markings, and car parking lots. The most commonly used materials traffic road marking coatings include paints, epoxy, and thermoplastic substances.

Market Drivers:
As per the latest research by Reports and Data, the global traffic road marking coatings market would potentially expand at a robust CAGR of 6.4%, from USD 4.40 billion in 2019 to a whopping USD 7.00 billion by 2027. The global market expansion over recent years can be attributed to the increasing road safety concerns, rising incidences of road mishaps, growing demand for durable and waterproof coatings, surging focus on the use of environment-friendly materials, and huge investments in road infrastructure development and repair & maintenance operations. Increasing traffic congestion and the surging use of intelligent road marking systems are likely to bolster the market growth further.

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Regional Outlook:
The global market is concentrated in the European region, which emerged as the leading market in 2019. The road safety targets of the European Union Road Federation, coupled with the rising demand for factory markings to ensure workplace safety, are the key growth attributes of this market. The U.K., France, Germany, Italy, and Spain are key market growth engines.

Key participants include Dow Chemical Company, 3M, The Sherwin Williams Company, Swarco AG, Geveko Markings, Ennis-Flint Inc., Crown Technology, LLC, M. Contractors Pvt. Ltd., Surya Min Chem (SMC), and Lanino Road Marking Products, among others.

For the purpose of this report, Reports and Data have segmented into the global Traffic Road Marking Coatings market based on the Product, Type, Application, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)
- Paint
- Thermoplastic
- Epoxy

Type Outlook (Revenue, USD Billion; 2017-2027)
- Permanent
- Removable

Application Outlook (Revenue, USD Billion; 2017-2027)
- Road Marking Line
- Road Marking Labels

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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
o U.S
o Canada
- Europe
o Germany
o U.K
o France
o BENELUX
o Rest of Europe
- Asia Pacific
o China
o Japan
o South Korea
o Rest of APAC
- MEA
o Saudi Arabia
o UAE
o Rest of MEA
- Latin America
o Brazil
o Rest of LATAM

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The following timeline is considered for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Duration: 2020-2027

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