LATAM Road Marking Paint and Coating Industry Size, Share, Demand & Growth by 2033

-

 The LATAM road marking paint & coating industry value is forecast to increase from US$ 70.0 million in 2023 to US$ 131.3 million by 2033. Over the assessment period, demand for road marking paints & coatings in LATAM is projected to surge at a CAGR of 6.0%.

The performance-based segment is expected to dominate the LATAM road marking paint & coating industry through 2033. It will likely hold a volume share of 58.2% by 2023. On the other hand, the paint-based markings segment is set to exhibit a robust CAGR of 6.9% through 2033.

The road marking paint and coating industry in Latin America is witnessing significant growth driven by diverse factors. These include rapid urbanization, the rising popularity of durable retro reflective paints, and growing emphasis on improving road safety.

Demand for durable retroreflective paints is rising across the LATAM. This is because these paints are increasingly used for road markings to improve the driving experience and enhance road safety.

Urbanization trends in Mexico, marked by the development of city malls, drive the need for road marking paints & coatings for efficient parking solutions. This will boost the target industry during the assessment period.

The extensive road networks in Brazil and Mexico underscore the urgent need for effective road marking systems. The integration of intelligent transport systems enhances road safety and efficiency.

Get an overview of market drivers and challenges affecting this industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-18693

The aviation network in Brazil, with almost 4,000 airports, further contributes to the demand for road marking products. Overall, the industry’s evolution is fueled by infrastructure expansion, urbanization, a focus on sustainability, and technological advancements.

Key Takeaways from the Report

  • The LATAM road marking paint & coating revenue is set to expand at a CAGR of 6.0% through 2033.
  • By material type, the performance-based segment is expected to total US$ 67.9 million by 2033.
  • Based on marking type, the permanent marking type segment is set to hold a market share of 71.4% in 2023.
  • Mexico is expected to account for a significant share of about 19.4% in 2023.
  • Brazil’s industry value is anticipated to reach US$ 26.7 million in 2033.
  • Argentina is projected to attain a valuation of US$ 12.8 million by 2033.

Who is Winning?

Key players are focusing on developing durable and environmentally friendly road marking solutions to boost their sales and comply with regulations. They are also employing strategies like mergers, partnerships, and acquisitions to strengthen their presence in the LATAM region.

Recent development:

  • In 2022, Aexcel Corporation unveiled new innovations, including LowVOK and Jet-Dry Waterborne Traffic Paints, at the National Pavement Expo in Charlotte, NC.

Key Companies Profiled

  • Sherwin Williams Company
  • Asian Paints PPG
  • Aximum
  • Pidilite Industries
  • Ennis-Flint Inc.
  • US Specialty Coatings
  • SealMaster
  • Geveko Markings
  • Dow Inc.
  • Aexcel Corporation
  • Watco Industrial Floors
  • Nippon Paints
  • Crown USA Inc.
  • ATS Traffic

About the Chemicals and Materials Division at Future Market Insights (FMI)

The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the
Read more