Marking Coating Market Size & Share, by Type (Thermoplastic Coatings, Thermosetting Coatings, and Specialty Coatings); Application; and Formulation - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 6568
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Marking Coating Market size registered a valuation of USD 17.07 billion in 2024 and is poised to reach USD 29.18 billion by 2037, expanding at a CAGR of 4.2% in the forecast period, i.e., 2025-2037. In 2025, the industry size of marking coating is estimated at USD 17.81 billion.

The primary growth driver of the marking coating market is the increasing demand for infrastructure development and road safety measures. This includes the expansion of highways, urban development, and regulatory requirements for road markings. Governments are investing in the construction and maintenance of highways, roads, and other transport infrastructure, thus increasing the demand for road marking coatings. According to the Urban Institute, in 2021, state and local governments in the U.S. spent USD 206 billion on highways and roads, accounting for 6% of direct general spending. In terms of state and local direct general expenditures, highways and roads were the fifth-largest in 2021. Road markings are essential for traffic management, safety, and regulatory compliance. New roads and highways require fresh markings while existing ones need periodic maintenance and reapplication.

Industries are required to adhere to strict safety regulations, necessitating clear and durable markings to communicate hazards and safety information. Many sectors, including food and pharmaceuticals, must comply with specific labeling standards, driving demand for high-quality marking coatings. Compliance with environmental standards encourages the use of eco-friendly marking coatings, pushing manufacturers to innovate and adopt sustainable solutions. The rise in construction activities and the need for durable, high-visibility coatings to enhance safety and compliance are also significant factors driving the marking coating market.


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Marking Coating Market Sector: Growth Drivers and Challenges

Growth Drivers

  • Urbanization and smart cities: Urbanization often leads to the development of smart cities, which integrate advanced technologies into infrastructure. These cities require innovative road marking solutions that are compatible with smart transportation systems. For instance, advanced coatings that include reflective or sensory features can interact with automated driving systems and smart traffic management technologies, which are increasingly needed in densely populated urban areas.

    The introduction of cutting-edge solutions by major companies that address the changing demands of technology integration, sustainability, and safety is propelling the marking coating market. Road infrastructure is changing and there are new prospects for growth due to innovations including smart, reflective, long-lasting, and specialty coatings. Smart cities also focus on sustainability, leading to a preference for eco-friendly marking materials, such as waterborne or low-VOC coatings, that reduce environmental impact. ROADMASTER WB2, a product by Dulux Protective Coatings, is a fast-drying waterborne road marking paint based on a long-lasting acrylic emulsion. It may be applied to concrete and bitumen surfaces without bleeding or discoloration, resulting in clear lines with high visibility. Moreover, it incorporates the use of reflective glass beads to increase visibility and safety.
  • Technological advancements in coatings: Advanced coatings such as thermoplastic coatings are increasingly being adopted due to their durability and fast drying times. These coatings are applied in a molten state and harden upon cooling, creating highly durable and wear-resistant markings. Thermoplastics can last longer than traditional paints, even in heavy traffic areas, and are suitable for use in hot and cold climates.

    Further, glow-in-the-dark coatings, which absorb sunlight during the day and emit light at night, are becoming more popular in areas with limited street lighting. These photoluminescent coatings enhance visibility without electricity, making them ideal for rural or underdeveloped areas. This technology can reduce energy consumption while improving nighttime safety, providing a sustainable and cost-effective solution for road infrastructure. According to a 2021 study on Smart Roads with Glowing Lines by the International Journal for Research in Applied Science and Engineering Technology (IJRASET), the idea behind the Smart Highway with Glowing Lines is to make highways safer, smarter, and more energy-efficient for solar-powered energy generation. Glowing lines employ luminescent paint that illuminates for up to 10 to 15 hours at night after being charged by solar energy during the day.
  • Industrial and warehouse safety: Industries and warehouses are subject to stringent safety regulations, including OSHA (Occupational Safety and Health Administration) standards. Marking coatings are used to clearly define safe walkways, hazardous areas, and equipment zones, helping businesses comply with safety standards and prevent accidents. Approximately 5% of warehouse workers get injuries each year, and the situation is becoming worse, raising concerns about warehouse safety. The National Safety Council (NSC) reports a huge rise in preventable workplace fatalities.

    Clear and durable markings in industrial environments help reduce accidents, injuries, and collisions. Marking coatings are used to highlight dangers such as loading zones, machinery areas, and emergency exits, which are essential in high-traffic environments.

Challenges

  • Environmental regulations: Stringent regulations concerning volatile organic compounds (VOCs) and other hazardous emissions are a significant restraint. Many conventional marking coatings contain harmful chemicals that are subject to environmental restrictions. Compliance with these regulations often requires manufacturers to invest in eco-friendly alternatives, which may be more expensive and have limited availability.
  • Lack of awareness and training: In some industries, there is limited awareness of the benefits of high-quality marking coatings or the proper application techniques. This can result in the use of substandard products, improper application, or insufficient maintenance, reducing the effectiveness and lifespan of the coatings.

Marking Coating Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.2%

Base Year Market Size (2024)

USD 17.07 billion

Forecast Year Market Size (2037)

USD 29.18 billion

Regional Scope

  • North America (U.S., and Canada) 
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia-Pacific) 
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) 
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America) 
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa) 
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Marking Coating Segmentation

Type (Thermoplastic, Thermosetting, and Specialty)

The thermoplastic coatings segment is estimated to hold the dominant marking coating market size of USD 11.19 billion by the end of 2037. Thermoplastic coatings are highly durable and resistant to wear and tear, making them ideal for high-traffic areas such as roads, highways, and parking lots. They can withstand harsh weather conditions, heavy vehicle loads, and the general stress that road surfaces experience, making them a preferred choice for long-term solutions.

One of the key advantages of thermoplastic coatings is their rapid drying time. When applied, they harden quickly, allowing roads to be opened for traffic sooner compared to other types of coatings. Regardless of the climate, the thermoplastic road marking coating dries in less than 5 minutes. This minimizes disruptions in high-traffic areas and increases the efficiency of maintenance work. In addition to roads and highways, thermoplastic coatings are widely used in airports, sports courts, and industrial floors due to their high durability, reflectivity, and slip-resistant properties. This versatility is expanding their market presence across multiple industries.

Application (Road, Industrial, Commercial, and Institutional)

Road marking coating is projected to grow at a notable market size through 2037. With the growing trend of smart cities, there is a need for road markings that integrate with technologies such as autonomous vehicles, smart traffic management systems, and sensors. This demand is driving innovations in road marking coatings to include reflective and sensor-friendly materials. Moreover, in both developed and developing regions, road construction and renovation projects are on the rise. This creates sustained demand for marking coatings, particularly in regions undergoing rapid urbanization or redevelopment.

Road marking coatings are a key segment of the marking coating market due to their indispensable road safety, traffic management, and infrastructure development. As governments continue to invest in road systems, technological advancements improve coating performance, and sustainability becomes a priority, therefore, the demand for these coatings will keep driving in the overall market.

Our in-depth analysis of the marking coating market includes the following segments: 

Type

  • Thermoplastic coatings
  • Acrylic
  • Polyester
  • Polycarbonate
  • Thermosetting coatings
  • Epoxy
  • Polyurethane
  • Epoxy-polyester blends
  • Specialty coatings
  • Glow-in-the-dark
  • Reflective
  • Anti-slip coatings

Application

  • Road marking
  • Highways
  • Road
  • Parking lots
  • Industrial marking
  • Warehouses
  • Factories
  • Production facilities
  • Commercial marking
  • Retail spaces
  • Shopping centers
  • Office buildings
  • Institutional marking
  • Educational institutions
  • Hospitals
  • Government buildings

Formulation

  • Solvent-based marking coatings
  • Water-based marking coatings
  • Powder coatings
  • Other (UV-curable)

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Marking Coating Industry - Regional Scope

APAC Market Forecast

Asia Pacific is projected to account for the largest market share in the global marking coating market with a 33.53% market share by 2037. The region is experiencing significant growth, driven by the rapid expansion of infrastructure and urban development, along with increasing governmental focus on road safety and transportation systems. Many countries such as China, India, Japan, South Korea, and those in Southeast Asia, are experiencing rapid urbanization and industrialization.

China has been undergoing rapid infrastructure development over the past few decades, with large-scale projects such as the construction of highways, expressways, airports, ridges, and smart cities, fueling the demand for marking coatings. For instance, the total length of roads in China increased from 4.8 million kilometers in 2018 to an estimated 5.4 million kilometers in 2023, representing an average rate of 2.3%. Meanwhile, the total length of highways in China rose from 142,600 kilometers to about 186,500 kilometers, at an average rate of 5.5%.

Moreover, China plans to develop smart cities, with several pilot cities already under construction. These projects integrate modern technologies into urban infrastructure, including advanced traffic management systems. Autonomous vehicles, sensors, and smart traffic lights create demand for high-tech sensor-compatible marking coatings. Cities such as Shanghai, Shenzhen, and Beijing are at the forefront, driving demand for smart road marking solutions.

In India, the automotive sector is among the largest in the world, and the increasing number of vehicles on the road is driving the demand for better-maintained road networks. According to the Society of Indian Automobile Manufacturers (SIAM), the automobile industry produced about 25.9 million vehicles including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles from April 2022 to March 2023, as against 23.4 million units in April 2021 to March 2022. As the vehicle population grows, the need for clear, durable, and reflective road markings is becoming more critical for efficient traffic management.

North America Analysis

North America is poised to register the fastest growth by the end of the forecast period. The marking coating market in the region is driven by government infrastructure initiatives, stringent road safety regulations, technological advancements, and the drive for sustainability. Increased safety awareness has driven the use of advanced marking coatings in roadways, intersections, pedestrian crossings, and parking lots across North America.

Significant government investments in infrastructure projects, including road construction and maintenance, are a major growth driver for the marking coating market in North America. The U.S. and Canada have introduced major infrastructure spending plans. The Bipartisan Infrastructure Law in the U.S. provides approximately USD 350 billion for Federal highway programs over 5 years. Funds for roadways, highways, and bridge modernization, directly impact the demand for road marking coatings. Further, the Investment in Canada Plan focuses on building and improving infrastructure, including roads, bridges, and public transit systems, which is expected to boost demand for marking coatings.

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Companies Dominating the Marking Coating Landscape

    The global marking coating industry is dominated by key companies that drive innovation and expansion through strategic initiatives and technological improvements. Leading firms use their strong research and development capabilities to launch cutting-edge, high-performance marking solutions, and they prioritize sustainability, aligning their eco-friendly product emphasis with the growing need for green solutions.

    • Aervoe Industries Inc.
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
    • BASF SE
    • Benjamin Moore & Co.
    • Diamond Vogel
    • Dow Inc.
    • W.W. Grainger, Inc.
    • NCP Coatings LLC
    • The Sherwin-Williams Company
    • Teknos Group
    • US Specialty Coatings

In the News

  • In June 2021, Teknos introduced HYDRO WAX, an aqueous coating comprising around 30% bio-based carbon. Teknos also concentrated on the development of barrier coatings for the packaging sector, to reduce plastic use and improve package recyclability.
  • In May 2020, NCP Coatings and the US Naval Research Laboratory's Center for Corrosion Science and Engineering partnered to develop a safer and more user-friendly topcoat. SiloxoShield 1K, a polysiloxane coating with superior durability, color retention, and chemical resistance, was developed in collaboration with the US Navy for use in the Marine Corps AH-1Z Viper.

Author Credits:  Rajrani Baghel


  • Report ID: 6568
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global marking coating market attained USD 17.07 billion in 2024 and is poised to register a profitable CAGR of 4.2% during the forecast period, i.e., 2025-2037.

The global marking coating market registered a profitable valuation of USD 17.07 billion in 2024 and is projected to attain a valuation of USD 29.18 billion by 2037 with a CAGR of 4.2% during the forecast period, i.e., 2025-2037.

The major players in the market are Aervoe Industries Inc., Aexcel Corporation, BASF SE, Benjamin Moore & Co., Diamond Vogel, Dow Inc., W.W. Grainger, Inc., and others.

The thermoplastic coatings segment is estimated to hold the dominant market size of USD 11.19 billion by the end of 2037. Thermoplastic coatings are highly durable and resistant to wear and tear, making them ideal for high-traffic areas such as roads, highways, and parking lots.

Asia Pacific is projected to register the largest market share of 33.53% by 2037 owing to the rapid expansion of infrastructure and urban development, along with increasing governmental focus on road safety and transportation systems.
Marking Coating Market Report Scope
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