India Traffic Road Marking Coatings Market Size & Outlook
India traffic road marking coatings market, 2018-2030 (US$M)
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India traffic road marking coatings market highlights
- The India traffic road marking coatings market generated a revenue of USD 264.9 million in 2023 and is expected to reach USD 445.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.7% 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 264.9 million |
| Market revenue in 2030 | USD 445.7 million |
| Growth rate | 7.7% (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, India accounted for 4.8% 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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India 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 44.66% in 2023. Horizon Databook has segmented the India 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.
Till date, India’s road network was the second-largest in world, spanning over 5.98 million kilometers. The Golden Quadrilateral in India, which connects four major Indian cities of Mumbai, Delhi, Chennai, and Kolkata. According to a report released by the Ministry of Road Transport and Highways, in India, there is a fatality every 4 minutes. To reduce this, the World Bank launched a Bloomberg Philanthropies Global Road Safety Programmed, which aims at increasing road safety and reduce fatalities and injuries.
The project was implemented in the cities of Cyberabad (HITEC City), Hyderabad, and Visakhapatnam. The country is expected to strengthen its road traffic infrastructure over the next few years owing to the increasing number of fatalities year on year. These trends are expected to boost the demand for traffic road marking coatings 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 India traffic road marking coatings market , including forecasts for subscribers. This country databook contains high-level insights into India traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India traffic road marking coatings market size, by product, 2018-2030 (US$M)
India Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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