Australia Traffic Road Marking Coatings Market Size & Outlook
Australia traffic road marking coatings market, 2018-2030 (US$M)
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Australia traffic road marking coatings market highlights
- The Australia traffic road marking coatings market generated a revenue of USD 131.8 million in 2023 and is expected to reach USD 211.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 7% 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.
Traffic road marking coatings market data book summary
| Market revenue in 2023 | USD 131.8 million |
| Market revenue in 2030 | USD 211.8 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Paint |
| Fastest growing segment | Thermoplastic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.4% of the global traffic road marking coatings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China traffic road marking coatings market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 826.7 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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Australia 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 44.01% in 2023. Horizon Databook has segmented the Australia 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.
To ensure people's safety, the Transport and Infrastructure Council launched a National Road Safety Strategy, which provided a framework for national collaboration for road safety improvement. This initiative is expected to help prevent severe crashes and injuries.
The country has implemented this strategy with the help of the federal system, state & territory governments, and local governments. These bodies together are expected to help improve the transport infrastructure and, thus, positively impact traffic road marking coatings market in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia traffic road marking coatings market , including forecasts for subscribers. This country databook contains high-level insights into Australia traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia traffic road marking coatings market size, by product, 2018-2030 (US$M)
Australia Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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