Asia Pacific Traffic Road Marking Coatings Market Size & Outlook
Asia Pacific traffic road marking coatings market, 2018-2030 (US$M)
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Asia Pacific traffic road marking coatings market highlights
- The Asia Pacific traffic road marking coatings market generated a revenue of USD 1,558.1 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, paint was the largest revenue generating product in 2023.
- Thermoplastic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,558.1 million |
| Market revenue in 2030 | USD 2,589.8 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Paint |
| Fastest growing segment | Thermoplastic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paint, Thermoplastic, Preformed Polymer Tape, Epoxy |
| Key market players worldwide | Sherwin-Williams Co, Ennis Inc, Dow Inc, 3M Co, SWARCO |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.4% of the global traffic road marking coatings market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,589.8 million by 2030.
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Traffic Road Marking Coatings Market Scope
Traffic Road Marking Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific traffic road marking coatings market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to traffic road marking coatings market will help companies and investors design strategic landscapes.
Paint was the largest segment with a revenue share of 45.09% in 2023. Horizon Databook has segmented the Asia Pacific traffic road marking coatings market based on paint, thermoplastic, preformed polymer tape, epoxy covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in infrastructure spending in emerging economies of Asia Pacific is expected to propel traffic road marking coatings market in the region. The innovation of intelligent street marking systems such as temperature-sensitive paints is considered as one of the most important technological breakthrough for highway & street safety.
Manufacturers are conducting R&D to develop temperature-sensitive and night glow paints, which is projected to offer new opportunities for investment and growth. Asia Pacific is expected to be the fastest-growing market for traffic road marking coatings owing to the presence of two most populous countries, namely China and India.
In addition, the demand for traffic road marking coatings in smaller countries such as Thailand, Indonesia, Malaysia, and Vietnam is increasing on account of the expansion of expressways and highways and increasing spending by the respective governments on road maintenance.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific traffic road marking coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific traffic road marking coatings market size, by country, 2018-2030 (US$M)
Asia Pacific Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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