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.
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.
Competitive Analysis
·
Axalta Coating Systems
·
Watson Coatings, Inc.
·
The Sherwin-Williams Company
·
Teknos Group
·
Wacker Chemie AG
·
NanoTech Coatings
·
BASF SE
·
3M
·
Akzo Nobel N.V.
·
CSL Silicones Inc
·
Hydron Protective Coatings
·
Sika AG (Switzerland), A&I Coatings
·
DuluxGroup Ltd
·
Performance Solutions NZ Limited
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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