© 2019 Global Market Insights, Inc. USA. All Rights Reserved Traffic Road Marking Coatings Market analysis research and trends report for
Global Market Scenario of Traffic Road Marking Coatings Industry © 2019 Global Market Insights, Inc. USA. All Rights Reserved Global traffic road marking coatings market from car park marking application is forecasted to witness substantial gains by The product owing to good visual appearance and light reflectivity is used for coating car parking area and garages. Increasing development of retail buildings including malls, hypermarkets, and supermarkets will fortify car parking space construction which will foster product demand.traffic road marking coatings market Global traffic road marking coatings market from airport marking application is forecasted to witness substantial gains at the end of The product due to good retro reflectivity & weather resistant properties is used for marking airport runways to prevent runway mishaps and excursions. Increasing air travel owing to rising disposable incomes globally will foster aerospace industry growth. These factors will boost airport runway coatings demand which may amplify market size. Traffic Road Marking Coatings Market size is anticipated to grow steadily in the forecast timespan owing to rising safety concerns. The product helps to maintain safety and ensures smooth traffic flow by providing easily visible direction signs. Rising road safety concerns to minimise accidents will positively impact market growth.
© 2019 Global Market Insights, Inc. USA. All Rights Reserved Regional Trends:- North America led by Canada, Mexico, and the U.S. traffic road marking coatings market size is projected to grow by 2025 due to rising highway construction in the region. Highway and road construction market size is anticipated to grow at USD 95 billion by The product owing to good cohesive properties is used for marking highways and roads. These factors will foster product demand in the region. Europe driven by UK, Spain, Italy, France and Germany traffic road marking coatings market size is projected to amplify at the end of The product owing to good adhesion on concrete and asphalt substrates is utilized for marking factory markings. Increasing factory markings demand for maintaining safety at workplace will have a positive impact on market growth. Asia Pacific market led by South Korea, Japan, India and China market is projected to witness significant gains by 2025 owing to rising airport construction projects in the region. Asia Pacific is anticipated to invest USD 150 billion in new airport projects in the forecasted timespan. The product due to tough nature and stress resistant properties is used for coating airport runways. These factors will fortify airport marking coatings demand thereby, increasing industry growth.
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© 2019 Global Market Insights, Inc. USA. All Rights Reserved Competitive Trends: Global traffic road marking coatings market share is moderately fragmented with major players includig Crown Technologies, Ennis-Flint, Geveko Markings, Monarch Industrial Product (I) Pvt Ltd, Swarco AG, and US specialty coatings. Manufacturers are targeting on expansion by executing strategic alliance, joint ventures, and mergers & acquisitions owing to rising product applications in airport and factory marking sectors which may stimulate market growth.
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