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Road Marking Materials Market is Expected to Mask a CAGR of 5.5% During the Forecast Period of 2016-2024 – Business ipsnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipsnews.net Daily Mail and Mail on Sunday newspapers.
Global Road Marking Materials Market to Reach $7.5 Billion by 2026 Road markings present an effective and economical traffic safety option owing to their ability guide motorists for ensuring a smooth traffic flow. The market is set to gain from increasing focus on road safety and introduction of new standards and guidelines by countries. Growth in the market is propelled by increasing population, rapid urbanization, and enhanced quality of life. The market is also expected to receive a push from ongoing efforts by governments to form comprehensive policies to maintain road markings and reduce the number of accidents. Regulators and concerned authorities in the Europe, for instance have approved wet-night visible materials under the A556 section for reducing risk of road accidents. ....
By type, the paint-based markings segment is estimated to dominate the global road marking materials market By type, the paint-based markings segment of the road marking materials market is estimated to dominate the global road marking materials market due to their cost-effectiveness and efficient performance. These markings generate high demand due to their retro-reflective glass beads and are generally used to denote travel lanes or mark parking spaces. These factors are expected to drive the road marking materials growth in the type segment. By application, airport markings segment is estimated to be the fastest-growing segment of road marking materials market from 2020 to 2025. ....