Global Road Marking Paint revenue is expected to reach $ 3439.19 million in 2022

Global Road Marking Paint revenue is expected to reach $ 3439.19 million in 2022 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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• Traffic Marking Paint is a kind of paint used to paint road mark. Paint, sometimes with additives such as retroreflective glass beads, is generally used to mark travel lanes. It is also used to mark spaces in parking lots or special purpose spaces for disabled parking, loading zones, or time-restricted parking areas. Colors for these applications vary by locality. • The global Road Marking Paint revenue was $ 2697.20 million in 2016 and is expected to reach $ 3439.19 million in 2022, growing at a CAGR of 4.13% from 2016 to 2022. Currently, North America, Europe, China and Asia-Pacific (Except China) are the largest market of road marking paint. But as the market growth rate in developing is much faster than the speed in developed countries. China is expected to maintain fast growth in the next five years owing to the increased spending for safer roads and the growth of downstream applications.

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• The global Road Marking Paint industry mainly concentrates in the North America, Europe, China and Asia-Pacific (Except China). The global are rather scattered, the global leading players in this market are 3M, Sherwin-Williams, Swarco AG, Nippon Paint, Ennis Flint, which only accounts for about 20 % of total production value.

The China market leaders are TATU, Zhejiang Brother, Zhejiang Yuanguang. • The Road marking paint mainly classified into five types: thermoplastic marking paint, waterbased marking paint, solvent based marking paint, two-component road marking paint and others.

Thermoplastic marking paint is the most popular type worldwide.

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• Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.

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