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Marking Coating Market Trends

Report ID: GMI10964
Published Date: Aug 2024
Report Format: PDF

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Marking Coating Market Trends

The marking coating industry is witnessing transformative trends that are reshaping its landscape. A leading trend is the surge in the adoption of smart and digital technologies for road marking solutions. Innovations like GPS-guided application systems and real-time monitoring tools are boosting the precision and efficiency of marking operations. Another pivotal trend is the industry's pivot towards sustainable and eco-friendly products, spurred by heightened consumer and regulatory demands. In response, companies are channeling investments into developing low-VOC (volatile organic compounds) and biodegradable coatings. Furthermore, there's an escalating emphasis on incorporating advanced materials that deliver multifunctional advantages, such as coatings that ensure both high visibility and anti-skid features. This trend underscores a broader industry shift towards high-performance products, addressing the dynamic needs of urban planning and road safety.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Global market size for marking coating was valued at around USD 16.4 billion in 2023 and is anticipated to register a CAGR of over 3.5% between 2024 and 2032, due to rapid urbanization and infrastructure development.

Thermoplastic coatings segment of marking coatings industry was worth USD 7.2 billion in 2023 and is expected to record a CAGR of 3.2% through 2032, as they are durable, dry quickly, and are easy to apply.

Asia Pacific marking coating market will grow at a notable rate through 2032, driven by rapid urbanization, infrastructural advancements, and increased investments in transportation.

Benjamin moore, Diamond vogel, Dow inc., Grainger, H G helios group, Ncp coatings, Sherwin Williams, Swarco ag, and Teknos among others.