Global MMA Traffic Paint Market Size By Type(ACH Method, Isobutylene Method), By Geographic Scope And Forecast
Global MMA Traffic Paint Market Size By Type(ACH Method, Isobutylene Method), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Free Sample Ask for Discount Request CustomizationMMA 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.
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.
You know, MMA (that's Methyl Methacrylate) is pretty amazing stuff! You see it popping up all over the place. It's not just for unbreakable glass anymore – they're even using it to make bone replacements in hip surgeries! Seriously, this stuff is tough.
Think about itMMA markings can last up to 10 years, even when things get really rough. Nothing else we usually use for road markings even comes close to that kind of staying power. It's especially popular in places with brutal winters and up high in the mountains. Why? Because it can take a real beating from snow plows and those trailers with chains and studded tires.
You'll also find MMA at busy intersections, crosswalks, bike lanes, and walkways. All that stopping and tire action? MMA can handle it. It's basically a two-part mix that creates a strong chemical bond with the road surface once you add the right catalyst. Plus, you don't need to heat it up like you do with thermoplastics, and it works great even when it's cold. And get this – no primer needed for 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 MarketSegmentation 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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