Global Marking Materials Market (2020 to 2025) - Outlook and Forecast - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 31, 2020--
The “Marking Materials Market - Global Outlook and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The global marking materials market is expected to grow at a CAGR of over 4% during the period 2019-2025.
The global marking materials market will be shaped up differently during the forecast period on account of the outbreak of the COVID-19 pandemic. It has been highly competitive due to a large number of unorganized players. The market growth will be steady, with supply-side parameters not impacting the industry cost structure on a wider scale. The challenges for the market are majorly from the demand side, with varying degrees of fluctuation across regions.
Growth rates have been truncated on account of COVID-19. The growth prospects for residential, commercial, and other public buildings sectors are the most affected. On the demand side, volumes are growing while prices have not been allowed to fluctuate drastically due to high competition.
APAC is the leader in terms of value and volume. The acceptance of new and more efficient road marking materials is low on a global scale, with only a few industrialized countries showing affinity toward the same.
The following factors are likely to contribute to the growth of the marking material market during the forecast period:
- Traction in Preformed Systems
- Vulnerability to COVID-19
- Introduction of Environment-friendly Marking Materials
- Growth in Number of Airports
The study considers the present scenario of the marking material market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Marking Materials Market Segmentation
The global marking materials market research report includes a detailed segmentation by material, end-user, geography. The demand for water-based marking materials is increasing among end-user sectors on account of their lower environmental impact. These materials are increasingly preferred by government agencies in limited countries in the APAC region. The majority of the demand for water-based materials still comes from mature countries of APAC and Europe. With water-based road marking paints have low service live on dirty roads, the application is likely to be affected during the forecast period.
The road marking materials market share will continue to hold a higher share on account of high demand from new development and maintenance projects. Road marking material suppliers are likely to be affected by the outbreak of the COVID-19 in 2020 and in the Q1 2021. Maintenance projects are expected to take a hit across regions in terms of delayed calls for tender submission or limiting the maintenance aspect to city limits or central business districts.
Paved roadways and highways beyond the tier I cities are expected to take a massive hit. The long-term strategy of road planning by the UK Government is expected to provide steady growth for road marking materials UK during the forecast period.
KEY QUESTIONS ANSWERED
1. What is the market size of the marking materials market?
2. What are the factors impacting the growth of the market?
3. What are the drivers, restraints, and trends in the market?
4. Who are the leading vendors and what are their market shares?
Opportunities & Trends
- Increasing Traction For Preformed Systems
- Vulnerability To COVID-19
- Increased Application of Environment-Friendly Marking Materials
- Increased Investment in Roads & Highway Infrastructure
- Increase In Number Of Airports
- Increased Spend On Road Safety
- Bureaucratic Hurdles In New Materials Adoption
- Limited Opportunities Beyond Tier I Cities
- Lack Of Regular Maintenance
- Geveko Markings
- Basler Berlac
- Sherwin Williams
- Automark Technologies
Other Prominent Vendors
- DGA Group
- Hitex International Group
- Crown Technology LLC
- Ampere System
- Ore Paint
- Sunrise Overseas
- Kelly Bros
- Helios Road Marking Materials
- Asian Paints PPG Pvt. Limited
- Ozark Materials LLC
For more information about this report visit https://www.researchandmarkets.com/r/ibtd9f
View source version on businesswire.com:https://www.businesswire.com/news/home/20201231005060/en/
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INDUSTRY KEYWORD: TEXTILES MANUFACTURING
SOURCE: Research and Markets
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PUB: 12/31/2020 05:20 AM/DISC: 12/31/2020 05:20 AM