Mexico Traffic Road Marking Coatings Market Size & Outlook
Mexico traffic road marking coatings market, 2018-2030 (US$M)
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Mexico traffic road marking coatings market highlights
- The Mexico traffic road marking coatings market generated a revenue of USD 73.4 million in 2023 and is expected to reach USD 91.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.2% 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 73.4 million |
| Market revenue in 2030 | USD 91.3 million |
| Growth rate | 3.2% (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, Mexico accounted for 1.3% 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 North America, U.S. traffic road marking coatings market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,521.1 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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Mexico 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 45.1% in 2023. Horizon Databook has segmented the Mexico 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.
According to the World Health Organization (WHO), deaths due to road accident reached 15,008 in Canada. In the same year, deaths due to road accident accounted for 2.77% of the overall causes of death. To reduce these numbers, the country, along with Bloomberg Philanthropies Global Road Safety Programme, launched a project to support the National Road Safety Programme in the country. These initiatives require the need for proper road marking coatings to and thus help reduce deaths and injuries from road traffic collisions.
According to WHO, mountainous areas of Mexico are among the most dangerous roads in North America. Furthermore, lack of pedestrian protection owing to lack of proper signs and rules has led to an increasing need for signs and symbols to ensure the safety of pedestrians as well as drivers is expected to boost the demand for permanent as well as removable road marking coatings 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico traffic road marking coatings market , including forecasts for subscribers. This country databook contains high-level insights into Mexico traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico traffic road marking coatings market size, by product, 2018-2030 (US$M)
Mexico Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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