Italy Traffic Road Marking Coatings Market Size & Outlook
Italy traffic road marking coatings market, 2018-2030 (US$M)
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Italy traffic road marking coatings market highlights
- The Italy traffic road marking coatings market generated a revenue of USD 132.2 million in 2023 and is expected to reach USD 188.2 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.2% 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 132.2 million |
| Market revenue in 2030 | USD 188.2 million |
| Growth rate | 5.2% (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, Italy 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 Europe, Germany traffic road marking coatings market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 819.8 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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Italy 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 44.48% in 2023. Horizon Databook has segmented the Italy 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.
Since a majority of the population commutes by personal vehicles, there is a lot of congestion on the roads and streets, thus leading to increased danger of accidents. Greenpeace USA, a non-governmental environmental organization, suggests that an expansion of the road networks in the country to include separate paths for bikes is likely to help reduce the congestion and lead to enhanced road safety.
Thus, the government of the country is taking steps towards this and help build new roads. The aforementioned trends are expected to positively impact 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 Italy traffic road marking coatings market , including forecasts for subscribers. This country databook contains high-level insights into Italy traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy traffic road marking coatings market size, by product, 2018-2030 (US$M)
Italy Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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