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Market Segmentation of the Road Marking Materials Market:
The Road Marking Materials Market is spilt by Type, Technology, Application, and Region. The given analysis will help you to expand your business by targeting niche markets. For the forecast period, the growth among segments offers accurate calculations and forecasts for sales in terms of volume and valve.
- Performance-Based Markings
- Cold Plastic
- Paint-Based Markings
- Airport Marking
- Road & Highway Marking
- Factory Marking
- Antiskid Marking
- Parking Lot Marking
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
Key Drivers of the Road Marking Materials Market:
The significant factors contributing to the growth of the global road marking materials market include increasing government initiatives for the safety on the road, the ability of such materials to reduce the overall traffic on the road, rapid urbanization, ensuring the security of people. Furthermore, the growing technological advancements and the rising applications in the airport of road marking materials are certain factors boosting the growth of the road marking materials market size in the upcoming years. In addition to this, road marking materials offers various benefits such as long life, technical superiority, brightness, and ease to apply, which is further boosting demand in the market.
The growth in GDP and its rising use in commercial and industrial establishments, followed by increasing stress on the construction activity, are leading to a surge in demand for road marking materials. The increasing concerns for road safety due to the growing incidences of road crash disabilities and mortalities are certain factors propelling the growth of the road marking materials in the market. The key factor hampering the growth of the global road marking materials market includes the rising preference of contractors for low-cost and basic products.
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Company coverage of the Road Marking Materials Market:
- The Sherwin-Williams Company
- Ennis Flint, Inc.
- Geveko Markings
- Crown Technology, LLC
- Ozark Materials, LLC
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