Traffic Road Marking Coatings Market size is likely to reach USD 8.27 billion by 2030
Traffic Road Marking Coatings Industry Overview The global traffic road marking coatings market size was valued at USD 4.92 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 6.0% from 2022 to 2030. Increasing spending on infrastructure development for constructing new highways and focusing on repair & maintenance operations are expected to be the key driving factors for the global market. The industry is not only associated with new road construction activities but also with existing maintenance businesses, which drives the demand for repainting. The market has witnessed increasing investments in intelligent street marking systems and machines that help record the drivers’ speed, driving conditions, and temperature while communicating it to the vehicle’s sensor system. Paint is widely used for travel lanes, loading zone, and parking space markings. Thermoplastic coating, also known as hot melt marking, is gaining an advant...