LATAM Road Marking Paint and Coating Industry Size, Share, Demand & Growth by
2033
The LATAM road marking paint & coating industry value is forecast to increase from US$
70.0 million in 2023 to US$ 131.3 million by 2033. Over the assessment period, demand for
road marking paints & coatings in LATAM is projected to surge at a CAGR of 6.0%.
The performance-based segment is expected to dominate the LATAM road marking paint &
coating industry through 2033. It will likely hold a volume share of 58.2% by 2023. On the
other hand, the paint-based markings segment is set to exhibit a robust CAGR
of 6.9% through 2033.
The road marking paint and coating industry in Latin America is witnessing significant
growth driven by diverse factors. These include rapid urbanization, the rising popularity of
durable retro reflective paints, and growing emphasis on improving road safety.
Demand for durable retroreflective paints is rising across the LATAM. This is because these
paints are increasingly used for road markings to improve the driving experience and enhance
road safety.
Urbanization trends in Mexico, marked by the development of city malls, drive the need for
road marking paints & coatings for efficient parking solutions. This will boost the target
industry during the assessment period.
The extensive road networks in Brazil and Mexico underscore the urgent need for effective
road marking systems. The integration of intelligent transport systems enhances road safety
and efficiency.
Get an overview of market drivers and challenges affecting this
industry! https://www.futuremarketinsights.com/reports/sample/rep-gb-18693
The aviation network in Brazil, with almost 4,000 airports, further contributes to the demand
for road marking products. Overall, the industry’s evolution is fueled by infrastructure
expansion, urbanization, a focus on sustainability, and technological advancements.
Key Takeaways from the Report

The LATAM road marking paint & coating revenue is set to expand at a CAGR
of 6.0% through 2033.

By material type, the performance-based segment is expected to total US$ 67.9
million by 2033.

Based on marking type, the permanent marking type segment is set to hold a market
share of 71.4% in 2023.

Mexico is expected to account for a significant share of about 19.4% in 2023.

Brazil’s industry value is anticipated to reach US$ 26.7 million in 2033.

Argentina is projected to attain a valuation of US$ 12.8 million by 2033.
Who is Winning?
Key players are focusing on developing durable and environmentally friendly road marking
solutions to boost their sales and comply with regulations. They are also employing strategies
like mergers, partnerships, and acquisitions to strengthen their presence in the LATAM
region.
Recent development:

In 2022, Aexcel Corporation unveiled new innovations, including LowVOK and JetDry Waterborne Traffic Paints, at the National Pavement Expo in Charlotte, NC.
Key Companies Profiled

Sherwin Williams Company

Asian Paints PPG

Aximum

Pidilite Industries

Ennis-Flint Inc.

US Specialty Coatings

SealMaster

Geveko Markings

Dow Inc.

Aexcel Corporation

Watco Industrial Floors

Nippon Paints

Crown USA Inc.

ATS Traffic
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