South Africa Traffic Road Marking Coatings Market Size & Outlook
South Africa traffic road marking coatings market, 2018-2030 (US$M)
Related Markets
South Africa traffic road marking coatings market highlights
- The South Africa traffic road marking coatings market generated a revenue of USD 42.2 million in 2023 and is expected to reach USD 58.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.7% 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 42.2 million |
| Market revenue in 2030 | USD 58.2 million |
| Growth rate | 4.7% (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, South Africa accounted for 0.8% 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 |
|---|
South 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 42.65% in 2023. Horizon Databook has segmented the South 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.
As per the statistics released by WHO in 2017, road traffic accidents in South Africa reached 11,632, accounting for 2.32% of the total deaths in the country. An initiative named National Road Safety Strategy 2016-2030 was launched by the South African government to reduce the number of deaths caused by road traffic accidents. This is expected to augment the demand for traffic road marking coatings in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa traffic road marking coatings market , including forecasts for subscribers. This country databook contains high-level insights into South Africa traffic road marking coatings market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa traffic road marking coatings market size, by product, 2018-2030 (US$M)
South Africa Traffic Road Marking Coatings Market Outlook Share, 2023 & 2030 (US$M)
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