Latin America Traffic Road Marking Coatings Market Size & Outlook
Latin America traffic road marking coatings market, 2018-2030 (US$M)
Related Markets
Latin America traffic road marking coatings market highlights
- The Latin America traffic road marking coatings market generated a revenue of USD 677.2 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 677.2 million |
| Market revenue in 2030 | USD 1,061.3 million |
| Growth rate | 6.6% (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, Latin America region accounted for 12.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Traffic Road Marking Coatings Market Scope
Traffic Road Marking Coatings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 43.98% in 2023. Horizon Databook has segmented the Latin America 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 South America, a large number of small economies are expected to grow and boost in terms of GDP as compared to the larger ones such as Argentina and Brazil. According to International Monetary Fund World Economic Outlook, in terms of GDP, Colombia grew at 22.47% , Chile grew by 22.89%, Peru grew at 14.69%, and Ecuador grew at 2.97% during the same period.
These countries witnessed significant growth over the past years, while larger countries such as Argentina and Brazil witnessed negative growth. Traffic road markings industry in smaller countries is witnessing growth due to their relatively better economic and political conditions, which sets the scope for infrastructure improvement.
Reasons to subscribe to Latin America traffic road marking coatings market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America traffic road marking coatings market databook
-
Our clientele includes a mix of traffic road marking coatings market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America traffic road marking coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America traffic road marking coatings market size, by country, 2018-2030 (US$M)
Latin America Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
