Road Marking Materials Market - Forecast (2022-2027)
The Road Marking Materials Market size is forecasted to reach US$8.3 billion by 2027, after growing at a CAGR of 4.2% during the forecast period 2022-2027. Road marking materials such as retroreflective material, reflective markers, water-based paints, thermoplastic and others are often deployed across various road construction applications. These road marking materials are highly reflective materials, which improve visibility even in inclement weather or other low-light conditions. Along with this, it aids in increasing driver awareness of nearby danger zones and advises them to maintain adequate speed management. The growth of the highway construction projects is primarily accelerating the road marking materials market growth. However, in 2020, the shortage of raw materials, restrictions on the labor movement and other restrictions due to the Covid-19 pandemic negatively impacted the growth of the road marking materials industry. In 2021, the surge in the production activities, due...