The Asia-Pacific Traffic Marking Paints market is valued at USD 965 million in 2017 and is expected to reach USD 1412 million by the end of 2025, growing at a CAGR of 4.87% between 2017 and 2025. Currently, China is the largest market of traffic marking paint in Asia-Pacific.
The Asia-Pacific Traffic Marking Paint industry mainly concentrates in the China, Japan and South-ease Asia. The market of traffic marking paint is rather scattered, the leading players in this market include TATU, Nippon Paint, KICTEC and Zhejiang Brother; the four manufacturers accounts for about 22% of total market revenue in this region. The China market leaders are TATU, Zhejiang Brother, Zhejiang Yuanguang.
The Road marking paint mainly classified into five types: thermoplastic marking paint, waterbased marking paint, solvent based marking paint, two-component road marking paint and others. Thermoplastic marking paint is currently the most popular type in Asia-Pacific.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep slow increasing, as well as the consumption value.