Japan Traffic Road Marking Coatings Market Size & Outlook
Japan traffic road marking coatings market, 2018-2030 (US$M)
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Japan traffic road marking coatings market highlights
- The Japan traffic road marking coatings market generated a revenue of USD 213.5 million in 2023 and is expected to reach USD 345.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.1% 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 213.5 million |
| Market revenue in 2030 | USD 345.7 million |
| Growth rate | 7.1% (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, Japan accounted for 3.9% 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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Japan 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 44.73% in 2023. Horizon Databook has segmented the Japan 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.
In terms of volume, Japan accounts for a significant share of the market in Asia Pacific owing to the presence of hi-tech road infrastructure and high frequency of road maintenance activities. The country's rapid growth over the past few years has led to a significant increase in the purchasing power of consumers. This has resulted in an increased number of automobiles being purchased and, thus, more vehicles on the roads.
The government along with various organizations is taking measures to reduce the number of road fatalities and accidents. To ensure road safety, traffic road markings play a key role as they indicate various signs and symbols. The increasing need for road safety in the country is expected to drive the demand for traffic road marking coatings over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan traffic road marking coatings market , including forecasts for subscribers. This country databook contains high-level insights into Japan traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan traffic road marking coatings market size, by product, 2018-2030 (US$M)
Japan Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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