Saudi Arabia Traffic Road Marking Coatings Market Size & Outlook
Saudi Arabia traffic road marking coatings market, 2018-2030 (US$M)
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Saudi Arabia traffic road marking coatings market highlights
- The Saudi Arabia traffic road marking coatings market generated a revenue of USD 94.2 million in 2023 and is expected to reach USD 132.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5% 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 94.2 million |
| Market revenue in 2030 | USD 132.3 million |
| Growth rate | 5% (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, Saudi Arabia accounted for 1.7% 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 Middle East & Africa, Saudi Arabia traffic road marking coatings market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 132.3 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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Saudi Arabia 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 42.25% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia government encourages private sector investments in traffic road marking coatings market and also helps with cross-border trade into new markets. The government is forming cities or zones that specialize in road coatings manufacturing. These steps by the government are seemingly attractive for potential investors, facilitating the chances of forming a joint venture with the government.
Nearly 13 foreign and local investors in Saudi Arabia alone have signed a non-binding Statement of Intent (SOI) with Saudi Arabian General Investment Authority (SAGIA) with the aim of investing in the Kingdom. Dow Chemicals is one of the major companies investing in the region.
The government has many other joint ventures with private multinational companies, which is likely to drive traffic road marking coatings market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia traffic road marking coatings market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia traffic road marking coatings market size, by product, 2018-2030 (US$M)
Saudi Arabia Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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