Traffic Road Marking Coatings Market - Exclusive Analysis by Top Merchants With 5.8% CAGR By 2028
Traffic Road Marking Coatings Industry Overview The global traffic road marking coatings market size was valued at USD 4.6 billion in 2020 and is projected to register a CAGR of 5.8% from 2021 to 2028. Increased spending on infrastructural development for constructing new highways and focus on repair and maintenance operations are expected to be the key driving factors for the global market. The industry is not only associated with new road construction activities but also with existing maintenance businesses, which drives the demand for repainting. The market has witnessed increasing investments in intelligent street marking systems and machines that help record the drivers’ speed, driving conditions, and temperature while communicating it to the vehicle’s sensor system. Paint is widely used for travel lanes, loading zone, and parking space markings. Thermoplastic coating, also known as hot melt marking, is gaining an advantage owing to its properties such as longevity and retro-re...