Europe Traffic Road Marking Coatings Market Size & Outlook
Europe traffic road marking coatings market, 2018-2030 (US$M)
Related Markets
Europe traffic road marking coatings market highlights
- The Europe traffic road marking coatings market generated a revenue of USD 1,683.5 million in 2023.
- The market is expected to grow at a CAGR of 5.9% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,683.5 million |
| Market revenue in 2030 | USD 2,509.3 million |
| Growth rate | 5.9% (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, Europe region accounted for 30.7% 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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Europe 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 44.87% in 2023. Horizon Databook has segmented the Europe 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.
The European Union Road Federation, as a part of its ongoing efforts to increase road safety, is actively researching and delivering good practice for roadside design and maintenance. This is likely to support the European Commission’s efforts toward reaching its goal of reducing road fatalities.
The traffic road marking coatings market in Europe is likely to witness slow growth owing to various factors such as stalled industrial output caused by the COVID-19 pandemic, rising unemployment, and the debt crisis. However, a positive outlook across Eastern Europe, in terms of consumerism and manufacturing, is expected to drive the demand for traffic road marking coatings.
The European Parliament, with regard to expenditure and maintenance, suggested a significant reduction in the road maintenance activities in Ireland, Slovenia, and Spain. A downward trend in the expenditure and maintenance of roads is also expected to be observed in the Czech Republic, Finland, Slovakia, and the UK.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe traffic road marking coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Europe traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe traffic road marking coatings market size, by country, 2018-2030 (US$M)
Europe Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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