The traffic marking coatings market to grow at a decent CAGR of 3.8% during the forecast period to reach a value of US$ 1,385 Million in 2027. Along with new road construction, repair & maintenance is another key demand generator. High impacts and severe weather conditions are always hazards for roads, highways, and bridges. Therefore, it is necessary to regularly maintain the traffic marking lines and sign labels. Also, an increase in the investment in smart street marking systems to promote road safety is creating new business opportunities.
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