Global MMA Traffic Paint Market Size By Type(ACH Method, Isobutylene Method), By Geographic Scope And Forecast
Report ID: 268780|No. of Pages: 202
Global MMA Traffic Paint Market Size By Type(ACH Method, Isobutylene Method), By Geographic Scope And Forecast
MMA Traffic Paint Market Size And Forecast
MMA Traffic Paint Market size was valued at USD 285.75 Million in 2021 and is projected to reach USD 514.81 Million by 2030, growing at a CAGR of 7.13% from 2022 to 2030.
The excellent durability and long-term performance of MMA are expected to boost the market growth. Additionally, increased use of centrecoat MMA in heavy industrial use and continual vehicle traffic in distribution centres is expected to grow the market. The Global MMA Traffic Paint Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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What is MMA Traffic Paint?
MMA (Methyl Methacrylate) is a cold, solvent-free substance with properties similar to both paint and thermoplastic. It is ideal for high-traffic locations, intersections, roundabouts, and pedestrian crossings due to its exceptional durability and ability to retain color without fading. It can be applied cold and dries quickly, enabling faster completion of tasks.
As long as the thermoplastic markings are well-worn and the surface is in good shape, MMA cold plastic can be put over already-installed thermoplastic markings. MMA cold plastic is the finest option in high-stress and extreme wear applications, such as busy intersections, yellow boxes, and stop/yield sites. It is also appropriate to increase safety in locations like pedestrian crossings.
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Global MMA Traffic Paint Market Overview
The excellent durability and long-term performance of MMA are expected to boost the market growth. Additionally, increased use of centrecoat MMA in heavy industrial use and continual vehicle traffic in distribution centres is expected to grow the market. However, improper manufacturing and application of the MMA can lead to a decrease in the lifetime of the markings is expected to hinder the market growth.
MMA has a variety of uses in our daily lives, from alternatives to unbreakable glass to bone replacements in hip surgery. The extreme durability of MMA ensures a long life that can last up to 10 years, even in the most extreme conditions. No other commonly used road marking products match the durability of MMA. MMA is widely used in extreme winter conditions and high altitudes due to its ability to withstand frequent impacts from snow plows and trailers with chains and studded tires. MMA is also used at high-traffic intersections, crosswalks, dedicated bike lanes, and footpaths because it withstands the constant stress of stopping vehicles and rotating tires. MMA coatings consist of a two-component mixture that forms a chemical bond with the surface after the catalyst is properly mixed in. It requires no heating and can be applied at lower temperatures compared to thermoplastics. In addition, it does not need any primer to bond with concrete.
MMA paint has been developed to offer long-lasting line marking of roads, demarcation areas, and parking spaces. MMA is superior to conventional chlorinated rubber or epoxy paints for road marking without the need for heat. Centrecoat MMA is extremely durable, quick-drying, and has been developed for use in heavy industry trucks, forklifts, and even the hard-plastic wheels found on pallet trucks.
Global MMA Traffic Paint Market: Segmentation Analysis
The Global MMA Traffic Paint Market is segmented on the basis of Type, and Geography.
MMA Traffic Paint Market by Type
- ACH Method
- Isobutylene Method
- Ethylene Method
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Based on Type, the market is bifurcated into ACH Method, Isobutylene Method, and Ethylene Method. The isobutylene Method accounted for the largest market share of 43.15% in 2021, with a market value of USD 123.31 Million, and is projected to grow at the highest CAGR of 7.72% during the forecast period. ACH Method was the second-largest market in 2021, valued at USD 95.54 Million in 2021; it is projected to grow at a CAGR of 6.88%.
MMA Traffic Paint Market by Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
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On the basis of Geography, the Global MMA Traffic Paint Market is classified into North America, Europe, Asia Pacific and Rest of the world. Asia Pacific accounted for the largest market share of 40.60% in 2021, with a market value of USD 116.03 Million and is projected to grow at a CAGR of 7.85% during the forecast period. North America was the second-largest market in 2021, valued at USD 72.20 Million in 2021; it is projected to grow at a CAGR of 7.20%.
Key Players
The “Global MMA Traffic Paint Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 3M, THE SHERWIN-WILLIAMS COMPANY, ROHM GMBH (DEGAROUTE), VISEVER S.L, PROMAIN PAINTS, AEXCEL CORPORATION, ENNIS FLINT, INC., SILIKAL GMBH, LAFRENTZ ROAD MARKING, and Others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. The major players in the market are 3M, THE SHERWIN-WILLIAMS COMPANY, ROHM GMBH (DEGAROUTE), VISEVER S.L.
Key Developments
o The Sherwin-Williams Company has finished buying Sika AG’s European industrial coatings division. The purchased company will be incorporated into the Performance Coatings Group operating segment of the company.
o For the sole distribution of road marking paints in Greece, VISEVER and Zafeiropoulos Christos S.A. (Greece) have inked a bilateral agreement.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2030 |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2022-2030 |
| HISTORICAL PERIOD | 2018-2020 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | 3M, THE SHERWIN-WILLIAMS COMPANY, ROHM GMBH (DEGAROUTE), VISEVER S.L, PROMAIN PAINTS, AEXCEL CORPORATION, ENNIS FLINT, INC., SILIKAL GMBH, LAFRENTZ ROAD MARKING, and Others. |
| SEGMENTS COVERED | By Type, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope |
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Industry Analysis Matrix
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