Pune, India, June 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Anti-Graffiti Coatings Market.
The rise in the street art culture is expected to boost investments in coatings and films designed for protecting properties from graffiti. As per the study offered by Market Research Future (MRFR), the global anti-graffiti coatings market was USD 70 Mn in 2017 and is anticipated to mark a CAGR of 3.5% across the assessment period. Graffiti on public properties have become a matter of great concern. The high cost of removing these drawings or writings is fueling the demand for anti-graffiti coatings. Leaders operating in the paints & coatings industry are expected to expand their portfolios in the upcoming years, thus, providing impetus to market growth.
Market participants are emphasizing on the development of coatings that prevents different types of graffiti paint from bonding to surfaces. The focus is also on bringing innovative products for different surfaces such as metal, wood, concrete, etc. This, in turn, is anticipated to boost the growth pattern of the anti-graffiti coatings market over the next couple of years.
The use of anti-graffiti coatings is proven to be cost-beneficial as compared to cleaning these drawings. It is poised to motivate governments to invest in anti-graffiti coatings. This is projected to catalyze the growth pace of the market in the years to come. The growth of the construction industry is also anticipated to have a favorable influence on the expansion of the anti-graffiti coatings market over the assessment period. In addition, the market is also benefitting from the growth of the automotive industry. Increasing demand for nanotech anti-graffiti coatings is expected to boost the expansion of the anti-graffiti coatings market in the forthcoming years.
Based on type, the global anti-graffiti coatings market has been segmented into semi-permanent, sacrificial, and permanent anti-graffiti coatings.
On the basis of substrate, the anti-graffiti coatings market has been segmented into metal, concrete, pre-existing coatings, wood, and others.
The global anti-graffiti coatings market, by end-use, has been bifurcated into construction and transportation.
The key players of the global anti-graffiti coatings market profiled in this MRFR report are Wacker Chemie AG (Germany), Teknos Group (Finland), The Sherwin-Williams Company (US), CSL Silicones Inc. (Canada), 3M (US), BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Hydron Protective Coatings (UK), Sika AG (Switzerland), Axalta Coating Systems (US), Watson Coatings, Inc. (US), A&I Coatings (Australia), Performance Solutions NZ Limited (New Zealand), NanoTech Coatings (US), and DuluxGroup Ltd (Australia).
By region, the global anti-graffiti coatings market has been segmented into Latin America, North America, Europe, Asia Pacific, and the Middle East & Africa (MEA). North America is poised to retain the lion’s share of the global market over the next few years. The growing investments in the construction industry are anticipated to benefit the players of the anti-graffiti coatings market in the years to come. In addition, the developments being observed in the production of nanotech coatings is projected to support the proliferation of the regional anti-graffiti coatings market in the foreseeable future. Asia Pacific is anticipated to remain a lucrative revenue pocket over the assessment period. Meanwhile, the European market is also projected to expand at a moderate growth pace in the forthcoming years.
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