Anti-Graffiti Coatings Market Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2023

Posted June 13, 2019 by Marketresearchfuture

Anti-Graffiti Coatings Market Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2023
Anti-Graffiti Coatings Market Overview to 2023:

The global anti-graffiti coatings market was valued at over USD 70 million in 2017 and is expected to register a ~3.5% CAGR during the review period.

Graffiti, an act of defacing public property by markings, etchings, & paintings without permission, has become a matter of concern worldwide. This has resulted in increased investment on the removal of graffiti from buildings, schools, offices, trains, and buses. However, the graffiti removal process is complex and cost-intensive, which has increased the demand for anti-graffiti coatings across regions particularly in the US and Europe. The growing popularity of street art is consequently expected to fuel the demand for anti-graffiti coatings.

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Anti-graffiti coatings are specially manufactured paints, coatings, glazes, or varnishes to prevent graffiti vandalism. Anti-graffiti coatings form a dense protective film and prevent the graffiti from penetrating deep into the surface. Graffiti made over walls equipped with anti-graffiti coatings can be removed easily. These coatings are applied to trains, bus stops, trash cans, buildings, and bridges. Based on type, anti-graffiti coatings can be categorized as sacrificial, semi-permanent, and permanent. The use of these coatings differs according to the end-use applications.

Competitive Analysis

The Sherwin-Williams Company
Teknos Group
Wacker Chemie AG
Akzo Nobel N.V.
CSL Silicones Inc
Hydron Protective Coatings
Axalta Coating Systems
Watson Coatings, Inc.
NanoTech Coatings
Sika AG (Switzerland), A&I Coatings
DuluxGroup Ltd
Performance Solutions NZ Limited
Market Segmentation:

The global anti-graffiti coatings market has been segmented by type, substrate, end-use industry, and region.

Based on type, the global market has been segmented into sacrificial, semi-permanent, and permanent anti-graffiti coatings. Sacrificial anti-graffiti coatings need to be reapplied after a period of time. However, if in building exteriors it does not requires reapplication of anti-graffiti coatings in a short period. Semi-permanent anti-graffiti coatings can go without the need for reapplication for around 10 years and offer nearly 10–50 cleaning operations before reapplication. Permanent anti-graffiti coatings offer extensive cleaning operations, which can cover at least one cleaning operation per week and can last for around 20 years.

Based on substrate, the global market has been divided into metal, wood, concrete, pre-existing coatings, and others. Anti-graffiti coatings can be used in any of the substrates as mentioned above. 

By end-use industry, the global market has been segmented into construction and transportation. Construction was the major revenue generating segment of the global anti-graffiti coatings market in 2017. The applications of anti-graffiti coatings in the construction segment include building, bridges, fences, facades, walls, underground tunnels & stations, and metal doors. The applications in the transportation segment include trains, buses, and automobiles.

Regional Analysis

Based on region, the global anti-graffiti coatings market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in North America accounted for largest share of the global anti-graffiti coatings market on account of the growth of the construction industry with increasing investment in residential construction.

Europe is also expected to a prominent market on account of the expanding automotive industry. In addition, the increasing commercial, residential construction for infrastructure development is likely to drive regional market growth during the forecast period.

The market in Asia-Pacific is expected to grow at a significant rate on account of the growing popularity of graffiting in developing countries such as India and China. The expanding construction industry as a result of rapid urbanization and industrialization is expected to propel the demand for anti-graffiti coatings in the region.

The markets in Latin America and the Middle East and Africa are likely to grow at healthy CAGRs on account of increased spending on residential and commercial construction.

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Issued By Market Research Future
Country India
Categories Biotech , Business , Construction
Tags antigraffiti coatings market
Last Updated June 13, 2019