The anti-graffiti coatings market value is estimated to reach a CAGR of 3.5 %.
The anti-graffiti coating is composed of charged polymeric coatings, which form a gel at the substrate's surface. These coatings have various benefits such as cleaning efficiency, hydrophobicity, substrate adherence without damage, UV aging and weathering resistance, and are environmentally friendly. Due to these properties, the anti-graffiti coatings market is driving at a higher pace.
These coatings are used as cover protection methods, which are used to prevent graffiti paint from clinging to the surfaces. Graffiti removal in the buildings of historical sites, government buildings, corporate buildings, rail coaches, schools, public stations, and buses, among other places, may cost expensive costs. Hence anti-graffiti coatings are used for the protection of structures and monuments. It can be used on both the inside and outside of the buildings. There are various types of anti-graffiti coatings. These advantages are propelling the demand for the anti-graffiti coatings market.
These coatings also have other advantages, such as extended shelf life, and are suitable for porous and non-porous substrates like plastics, stone, bricks, metals, glass, and concrete. The rising popularity of graffiti has resulted in the need for graffiti removal, and this factor is driving the anti-graffiti coatings market growth. In residential and commercial construction, used for protecting substrates against graffiti wreaking havoc. The increased rate of commercial construction such as departmental stores, supermarkets, malls, and specialty stores in developing countries is fueling up the anti-graffiti coatings market size demand.
The anti-graffiti coatings market value is estimated to reach a CAGR of 3.5 %. The market had reached USD 70 Million in 2017, and it is expected to reach significant value in the forecast period.
During the pandemic period, the anti-graffiti coatings market outlook faced a difficult situation due to the global lockdown. When the industrial verticals remained closed for a longer period, it resulted in huge revenue loss, which disrupted the supply chain process. The sales rate decreased and resulted in a downfall in the growth graph. The demand eventually dropped, and the market faced the worst situation.
But later, when the lockdown was lifted, and the industries started to resume their operations, the market got a chance to get back to its position. Further, the market noticed good growth with necessary developments. In the post-pandemic period, the anti-graffiti coatings market will show strong performance, and it will lead to achieving a significant growth rate.
Chief Factors Existing In The Market
Cumulative Evaluation Of The Market
The cumulative evaluation of the anti-graffiti coatings market states that it will successfully reach a strong CAGR value in the forecast period. The market will result in good growth value due to the presence of key drivers and opportunities. Despite the presence of growth limiting factors, the market will reach its estimated revenue due to the players' efforts. The pandemic has been highly challenging, but the market overcame the situation by grabbing the opportunities. The effects of the market dynamics will show their respective impacts on the market's sales rate. Therefore, the anti-graffiti coatings market forecast is expected to reach a healthy CAGR during the evaluation period.
The anti-graffiti coatings market is segmented into type, substrate, and end-use industry. These major segments are further sub-divided into various fragments.
According to the regional status, the anti-graffiti coatings market is showing its growth in major regions such as North America, Europe, Asia Pacific, the Middle East and Africa and Latin America.
The North American market occupies the largest share of the anti-graffiti coatings market share, and it is projected to register a strong CAGR during the forecast period. Due to the increase in construction activities in the region. The improved advancement in nanotech coatings is another crucial factor driving the regional market.
Asia-Pacific is considered a prominent market due to the rise in residential and commercial construction and rising urbanization and lifestyle changes. Moreover, the higher investment by the government in nations like India, China, and ASEAN for infrastructure development is increasing the construction activities, which is further driving the market.
The European market will witness healthy growth due to the development of the construction industry in Western and Northern Europe for renovation and maintenance. The growing automotive industry is also driving the regional market.
The Middle East & Africa, and Latin American market will notice a significant growth rate due to the rise in investments in construction activities and development of transport industries.
Competitive Intensity Within The Industry
The emerging industrial players of the anti-graffiti coatings market are showing tremendous performance based on their recent developments. The competition between the players allows the global market to flourish at the global level. The agreements between the players are upgrading for newer and improved products. If any growth limiting factors are hampering, the players implement effective marketing strategies to overcome the issues. The players' efforts will let the market achieve its estimated value during the forecast period. Below listed are the chief players of the anti-graffiti coatings market trends.
Recent Market Developments
The studied report of the anti-graffiti coatings market forecast stated the recent and present growth of the market. Even the future estimated value was predicted in the report. The growth influencing factors were discussed alongside the growth limiting factors such as restraints and challenges. The segmentation study shown about the major segments while the regional status covered the major regions and their regional market growth. The key players' developments and their efforts were discussed briefly. The COVID-19 report stated about the market's performance in the tough situation. The anti-graffiti coatings market will witness a strong growth rate during the forecast period.
Key Industrial Segments
By End-Use Industry
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||type, substrate, end-use industry, and region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Wacker Chemie AG (Germany), The Sherwin-Williams Company (US), Teknos Group (Finland), CSL Silicones Inc. (Canada), BASF SE (Germany), 3M (US), Akzo Nobel N.V. (The Netherlands), Sika AG (Switzerland), Hydron Protective Coatings (UK), Axalta Coating Systems (US), Performance Solutions NZ Limited (New Zealand), Watson Coatings, Inc. (US), NanoTech Coatings (US), A&I Coatings (Australia), and DuluxGroup Ltd (Australia).|
|Key Market Opportunities||The growing emphasis on nanotech anti-graffiti coatings is likely to create lucrative opportunities for the players operating in the global anti-graffiti coatings market|
|Key Market Drivers||The demand for anti-graffiti coatings is majorly driven by the growth of the construction industry globally.|
The outlook of the global anti-graffiti coatings market looks highly profitable.
The global anti-graffiti coatings market is estimated to register 3.5% CAGR during the forecast period (2018-2023).
By end-use industry, the construction segment is a major revenue generator in the global anti-graffiti coatings market.
North America holds the largest share in the global anti-graffiti coatings market, followed by Europe and the Asia Pacific, respectively.
Teknos Group (Finland), The Sherwin-Williams Company (US), Wacker Chemie AG (Germany), 3M (US), BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Hydron Protective Coatings (UK), CSL Silicones Inc. (Canada), Axalta Coating Systems (US), NanoTech Coatings (US), Watson Coatings, Inc. (US), Sika AG (Switzerland), DuluxGroup Ltd (Australia), A&I Coatings (Australia), and Performance Solutions NZ Limited (New Zealand), are some of the major players operating in the anti-graffiti coatings market.