Brazil Traffic Road Marking Coatings Market Size & Outlook
Brazil traffic road marking coatings market, 2018-2030 (US$M)
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Brazil traffic road marking coatings market highlights
- The Brazil traffic road marking coatings market generated a revenue of USD 351.2 million in 2023 and is expected to reach USD 561.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.9% 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 351.2 million |
| Market revenue in 2030 | USD 561.6 million |
| Growth rate | 6.9% (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, Brazil accounted for 6.4% 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 Latin America, Brazil traffic road marking coatings market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 561.6 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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Brazil 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 44.82% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil has the fourth largest road network in the world, of 1.7 billion kilometers. In December 2018, the Inter-American Development Bank (IDB) approved a multi sectoral loan of USD 600 million to Banco do Brasil. This initiative was taken to invest more funds for the improvement of road, energy, water, and public service infrastructure, in mid-size and small cities.
Banco do Brazil will grant loans to municipalities that have the required credit capacity and fit into the category. Approximately 80% of the road networks in the country are under the responsibility of municipal governments and since the road maintenance costs are high, these loans will help the country significantly improve its road infrastructure. These trends are expected to positively impact the demand for traffic road markings 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 Brazil traffic road marking coatings market , including forecasts for subscribers. This country databook contains high-level insights into Brazil traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil traffic road marking coatings market size, by product, 2018-2030 (US$M)
Brazil Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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