- Performance-Based Markings
- Cold Plastics
- Thermoplastics
- Paint-Based Markings
- Epoxy
- Polyurethane-Based
- Solvent Based
- Water-Based
Latin America Road Marking Materials Market size was valued at USD X Mn in 2022 and is poised to grow at a significant CAGR over 2023-2029. Some of the key factors fueling the market growth include increase in spending for road safety, increasing application in airways and government safety standards. In addition, rising investments for roadway projects in developing countries create huge growth opportunity for the market. Road markings provide direction to drivers and pedestrians in order to ensure lane driving. It also directs regulations for stopping and parking. There has been an increase in the number of traffic crashes. Yearly, traffic accidents kill more than 1.2 million people and injure up to 50 million people. According to a study, existence of center and edge markings on road can plunge down the rate of accidents by 20%. Government of several countries are continuously taking up initiatives to offer road safety, therefore favoring the market in a big way. The increase in number of such incidences has insisted the governments of numerous nations to increase their budget for road safety in current and future action plans. For instance, in April 2018, President of Ghana, Akufo-Addo approved a new plan to deal with road accidents. An executive order has been sanctioned for the immediate implementation of an action plan to curb road accidents. Moreover, several countries are now approaching methods of road safety. Such factors are likely to increase the demand for road marking materials during the coming years, hence, giving the market a boost during the predicted period. Latin America Road Marking Materials market is surging owing to frequent acquisitions and launchings by the market players.
Latin America Road Marking Materials Market Key Developments:
In July 2017, The Sherwin-Williams Company (US) acquired The Valspar Corporation (US). This acquisition has made the company one of the largest paints & coatings manufacturers.
Apart from the positive side, the Latin America market is faced by many challenges. One of the main restraint factor, discouraging the growth of the market is unstable raw cost materials like pigments, additives, and resins that are extracted from crude oil. Unstable Latin America oil and gas industry owing to various political dispute has hindered the market growth.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
1. Executive Summary |
2. Latin America Road Marking Materials Market Introduction |
2.1 Latin America Road Marking Materials Market - Taxonomy |
2.2. Definitions |
2.1.1. Type |
2.1.2. Application |
3. Latin America Road Marking Materials Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Impact Analysis of Dynamic Factors on the Latin America Road Marking Materials Market |
3.6. Competition Landscape |
4. Latin America Road Marking Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Latin America Road Marking Materials Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1. Performance-Based Markings |
5.1.1. Cold Plastics |
5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.1.3. Market Opportunity Analysis |
5.1.2. Thermoplastics |
5.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.3. Market Opportunity Analysis |
5.2. Paint-Based Markings |
5.2.1. Epoxy |
5.2.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.1.3. Market Opportunity Analysis |
5.2.2. Polyurethane-Based |
5.2.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.2.3. Market Opportunity Analysis |
5.2.3. Solvent Based |
5.2.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3.3. Market Opportunity Analysis |
5.2.4. Water Based |
5.2.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.4.3. Market Opportunity Analysis |
6. Latin America Road Marking Materials Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 |
6.1. Airport Marking |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Antiskid Market |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Factory Marking |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Parking Lot Market |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Road & Highway Marking |
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Others |
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
7. Latin America Road Marking Materials Market Forecast, By Country, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1. Brazil |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Mexico |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Argentina |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Venezuela |
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Rest of Latin America |
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Latin America Road Marking Materials Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
8. Brazil Road Marking Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
8.1.1. Performance-Based Markings |
8.1.1.1. Cold Plastics |
8.1.1.2. Thermoplastics |
8.1.2. Paint-Based Markings |
8.1.2.1. Epoxy |
8.1.2.2. Polyurethane-Based |
8.1.2.3. Solvent-Based |
8.1.2.4. Water-Based |
8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
8.2.1. Airport Marking |
8.2.2. Antiskid Marking |
8.2.3. Factory Marking |
8.2.4. Parking Lot Marking |
8.2.5. Road & Highway Marking |
8.2.6. Others |
8.3. Brazil Road Marking Materials Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
8.4. Brazil Road Marking Materials Market Dynamics – Trends |
9. Mexico Road Marking Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Performance-Based Markings |
9.1.1.1. Cold Plastics |
9.1.1.2. Thermoplastics |
9.1.2. Paint-Based Markings |
9.1.2.1. Epoxy |
9.1.2.2. Polyurethane-Based |
9.1.2.3. Solvent-Based |
9.1.2.4. Water-Based |
9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Airport Marking |
9.2.2. Antiskid Marking |
9.2.3. Factory Marking |
9.2.4. Parking Lot Marking |
9.2.5. Road & Highway Marking |
9.2.6. Others |
9.3. Mexico Road Marking Materials Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
9.4. Mexico Road Marking Materials Market Dynamics – Trends |
10. Argentina Road Marking Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Performance-Based Markings |
10.1.1.1. Cold Plastics |
10.1.1.2. Thermoplastics |
10.1.2. Paint-Based Markings |
10.1.2.1. Epoxy |
10.1.2.2. Polyurethane-Based |
10.1.2.3. Solvent-Based |
10.1.2.4. Water-Based |
10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Airport Marking |
10.2.2. Antiskid Marking |
10.2.3. Factory Marking |
10.2.4. Parking Lot Marking |
10.2.5. Road & Highway Marking |
10.2.6. Others |
10.3. Argentina Road Marking Materials Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
10.4. Argentina Road Marking Materials Market Dynamics – Trends |
11. Venezuela Road Marking Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Performance-Based Markings |
11.1.1.1. Cold Plastics |
11.1.1.2. Thermoplastics |
11.1.2. Paint-Based Markings |
11.1.2.1. Epoxy |
11.1.2.2. Polyurethane-Based |
11.1.2.3. Solvent-Based |
11.1.2.4. Water-Based |
11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Airport Marking |
11.2.2. Antiskid Marking |
11.2.3. Factory Marking |
11.2.4. Parking Lot Marking |
11.2.5. Road & Highway Marking |
11.2.6. Others |
11.3. Venezuela Road Marking Materials Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
11.4. Venezuela Road Marking Materials Market Dynamics – Trends |
12. Rest of Latin America Road Marking Materials Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Performance-Based Markings |
12.1.1.1. Cold Plastics |
12.1.1.2. Thermoplastics |
12.1.2. Paint-Based Markings |
12.1.2.1. Epoxy |
12.1.2.2. Polyurethane-Based |
12.1.2.3. Solvent-Based |
12.1.2.4. Water-Based |
12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Airport Marking |
12.2.2. Antiskid Marking |
12.2.3. Factory Marking |
12.2.4. Parking Lot Marking |
12.2.5. Road &Highway Marking |
12.2.6. Others |
12.3. Rest of Latin America Road Marking Materials Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
12.4. Rest of Latin America Road Marking Materials Market Dynamics – Trends |
13. Competition Landscape |
13.1. Strategic Dashboard of Top Market Players |
13.2. Company Profiles |
13.2.1. Aximum (France) |
13.2.2. Crown Technology, LLC (US) |
13.2.3. Ennis-Flint, Inc. (US) |
13.2.4. Geveko Markings (Denmark) |
13.2.5. Ozark Materials LLC (US) |
13.2.6. Rembrandtin Lack GmbH Nfg. KG (Austria) |
13.2.7. SealMaster (US) |
13.2.8. 3M (US) |
13.2.9. SWARCO AG (Austria) |
13.2.10. The Sherwin-Williams Company (US) |
14. Research Methodology |
15. Key Assumptions and Acronyms |