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[English Market Research Report] Global Market for Road Marking Coatings

[English Market Research Report] Global Market for Road Marking Coatings

Traffic Marking Coatings Market

In addition to disruptions in the supply chain, the outbreak of the pandemic caused a more than 9% drop in demand for road marking coatings in 2020. However, investment in road infrastructure remains a top priority for major countries, especially emerging economies. The global market size for road marking coatings is expected to reach $1.385 billion by 2027, with a projected CAGR of 3.8% during the forecast period. This report provides a comprehensive analysis of the global road marking coatings market, offering the latest information on market environment, the impact of COVID-19, market assessment, competitive analysis, growth opportunities, and key companies.

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World Market for Road Marking Coatings: English Market Research Report

World Market for Road Marking Coatings: English Market Research Report

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The global market size for road marking coatings was $5.2 billion in 2022 and is expected to grow from $5.51 billion in 2023 to $8.79 billion by 2031, with a projected CAGR of 6.00% during the forecast period (2024-2031). An increase in infrastructure development investments for new highway construction and the prioritization of repair and maintenance work are anticipated to be significant driving factors for the global market. This industry encompasses both new road construction and maintenance activities, fueling the demand for repainting. Recent trends show a rise in investments in intelligent road marking systems and machinery that monitor driver speed, driving conditions, and temperature, sending that data to vehicle sensor systems. Paint serves as a common method for marking travel lanes, loading zones, and parking spaces.

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