Road Marking Materials Market Worth 5.87 Billion USD by 2020

The report "Road Marking Materials Market by Type (Performance-Based Markings and Paint-Based Markings), Application (Road Markings, Factory Markings, Car Park Markings, Airport Markings, & Anti-Skid Markings), & Region - Global Forecast to 2020", published by MarketsandMarkets, The global market size is projected to reach USD 5.87 Billion at a CAGR of 5.5% by 2020.

This growth is fueled by the increase in infrastructure activities, and the need for road safety. This report defines and segments the road marking materials market and provides analysis and forecast of the market size.

The global road marking materials market size is projected to reach USD 5.87 Billion at a CAGR of 5.5% by 2020. This growth is fueled by the increase in infrastructure activities, and the need for road safety.

Road Marking: The largest application segment in road marking materials market 

The purpose of road markings is to provide information to the commuters. These markings serve as a psychological barrier and signify the delineation of traffic path. Road markings are defined as lines, patterns, words, or objects for controlling, warning, guiding, and informing the pedestrians. They are classified as longitudinal markings, transverse markings, object markings, word messages, marking for parking, marking at hazardous locations, and such others. Thermoplastics, cold plastics, solvent-based paints, and polyurethane-based paints are commonly used for road markings.

Paint-based marking segment-The largest market for road marking materials, by type 

Paint-based marking is the oldest category utilized in road markings. The category generates the highest demand due to its retro-reflective glass beads, generally used to denote travel lanes or mark parking spaces. However, it offers less brightness and lower performance in terms of adhesion to substrates. Epoxy-based, polyurethane-based, solvent-based, and water-based paints are the subtypes of paint-based road markings.

Epoxy-based paints generally consist of two materials: pigment and binder. These are slow drying and durable traffic marking paints intended for use on highways. Solvent-based paints are based on acrylic resins that are dissolved in organic solvents like esters or ketones. The expected service life on a side-line marking is only 6 to 12 months.

Water-based paints are based on acrylic resins. Due to low content of organic solvent, the impact of water-based paints on human health and environment is significantly less than that of solvent-based paints.