Middle East & Africa Traffic Road Marking Coatings Market Size & Outlook
Middle East & Africa traffic road marking coatings market, 2018-2030 (US$M)
Related Markets
MEA traffic road marking coatings market highlights
- The MEA traffic road marking coatings market generated a revenue of USD 250.4 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 250.4 million |
| Market revenue in 2030 | USD 342.7 million |
| Growth rate | 4.6% (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, MEA region accounted for 4.6% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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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Middle East & Africa 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 42.33% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Repainting and maintenance business for streets and highways for the purpose of safety is anticipated to present several growth opportunities for many private players over the coming years owing to the increasing number of government initiatives for building roads to improve connectivity.
In addition, rising awareness regarding the importance of road safety is projected to aid the market growth in this region in the coming years. Owing to rapid urbanization in the region, more and more vehicles are being purchased, leading to increased traffic on the streets. This leads to an increased risk of traffic accidents and burdens the region's insurance, legal, and health systems.
These conditions take a toll on the economy of a country, especially in middle- and low-income countries. To curb these problems, it is necessary to ensure road safety. These trends are expected to boost the demand for traffic road marking coatings in the Middle East & Africa over the forecast period.
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Our clientele includes a mix of traffic road marking coatings market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa traffic road marking coatings market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA traffic road marking coatings market size, by country, 2018-2030 (US$M)
Middle East & Africa Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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