North America Traffic Road Marking Coatings Market Size & Outlook
North America traffic road marking coatings market, 2018-2030 (US$M)
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North America traffic road marking coatings market highlights
- The North America traffic road marking coatings market generated a revenue of USD 1,316.0 million in 2023.
- The market is expected to grow at a CAGR of 4.8% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,316.0 million |
| Market revenue in 2030 | USD 1,829.5 million |
| Growth rate | 4.8% (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, North America region accounted for 24.0% 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.
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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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North 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 45.82% in 2023. Horizon Databook has segmented the North 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.
The governments in the region have taken several initiatives to enhance road markings, improve road infrastructure, and boost the development of high-performance and durable road coatings with better skid resistance and visibility.
The governments supporting the development of newer types of road coatings for enhanced road safety is boosting traffic road marking coatings market in North America. Also, the traffic road marking coatings market in North America is expected to witness slow growth due to limited cross-border trade within the region on account of the ongoing COVID-19 pandemic situation.
Coating manufacturers are investing in research & development to produce road marking color pigments that would effectively mimic the stability and color of lead chromate. The pigments should also be able to withstand UV light exposure and high temperature. The manufacturers of road marking coatings in North America are coming up with innovative products such as glow-in-the-dark paints and temperature sensitive paints, which are currently being used on the major highways in the U.S.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America traffic road marking coatings market , including forecasts for subscribers. This continent databook contains high-level insights into North America traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America traffic road marking coatings market size, by country, 2018-2030 (US$M)
North America Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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