Europe Road Marking Material Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Performance-Based Markings and Paint-Based Markings); Applications (Road and Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, Antiskid Marking and Others); and Country

Market Introduction

Road markings are crucial in ensuring road safety. These materials are used to provide visible signs on streets, motorways, driveways, parking areas, airfields, and many other areas. Such markings help signify any delineation of traffic path as well as ensure safe, smooth, and orderly movement of traffic. They also act as a tool for controlling and warning the road users about their road safety. The rise in focus toward road safety, coupled with the increased investments in better road infrastructural facilities and technological advancements such as skid resistance and retro reflectivity, would propel the growth of the road marking materials in Europe in the coming years. These marking materials are mainly classified into two types: performance-based and paint-based markings.

Market Overview and Dynamics

The road marking material market was valued at US$ 1,465.55 million in 2018 and is projected to reach US$ 2,482.63 million by 2027; it is expected to grow at a CAGR of 6.1% from 2019 to 2027. Factors driving the market growth include increase in roadway safety standards and government regulations, and adoption of better technologies. However, stringent regulations related to solvent-based road markings restrain market growth.

Key Market Segments

The paint-based markings segment held the largest share in the Europe road marking material market, by type, in 2018. Further, the road and highway marking segment held the significant share of the Europe market, by application, in 2018.

Impact of COVID-19

The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Chemicals and materials is one of the major industries in the world facing serious disruptions such as supply chain breaks, events cancellations, and office shutdowns as a result of this outbreak. China is the global hub of manufacturing and largest raw material supplier for various industries, and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, and sales of various chemicals and materials. The overall market breakdown due to COVID-19 is also affecting the growth of the road marking material market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Major Sources and Companies Listed

A few of the major primary and secondary sources for road marking material market associated with the report are Road Safety Markings Association (RSMA), EuroRAP, German Road Markings Association, Road Federation Belgium, and others. The major companies operating in the market are The 3M Company, Aximum S.A., Asian Paints Limited, Ennis-Flint, Inc., Geveko Markings Inc., SealMaster, SWARCO AG, The Sherwin-Williams Company, Helios Group, and Evonik Industries AG, among others.

Reasons to Buy Report

• Understand the Europe road marking material market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe road marking material market
• Efficiently plan M&A and partnership deals in Europe road marking material market by identifying market segments with the most promising probable sales
• Make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe road marking material market
• Obtain market revenue forecast for market by various segments from 2018 to 2027 in Europe regions.

EUROPE ROAD MARKING MATERIAL MARKET SEGMENTATION

By Type

• Performance-Based Markings
• Paint-Based Markings

By Application

• Road and Highway Marking
• Parking Lot Marking
• Factory Marking
• Airport Marking
• Airport Marking
• Others

By Country

• Germany
• France
• Italy
• United Kingdom
• Russia
• Spain
• Rest of Europe

Company Profiles

• The 3M Company
• Aximum  S.A.
• Asian Paints Limited
• Ennis-Flint, Inc
• Geveko Markings Inc.
• SealMaster
• SWARCO AG
• The Sherwin-Williams Company
• Helios Group
• Evonik Industries AG

The List of Companies - Europe Road Marking Materials Market

1. The 3M Company
2. Aximum SA
3. Ennis-Flint, Inc.
4. Geveko Markings Inc
5. Helios Group
6. SealMaster
7. SWARCO AG
8. The Sherwin-Williams Company
9. Evonik Industries AG
10. Asian Paints Limited

• Highlights key business priorities to assist companies realign their business strategies.

• Featureskey findings and crucial progressive industry trends in the Europe road marking material market, thereby allowing players to develop effective long-term strategies.

• Develops/modifiesbusiness expansion plans by using substantial growth offering from developed and emerging markets.

• Scrutinizes in-depth market trends as well as key market drivers and restraints.

• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.