Global Anti-Graffiti Coatings Market to Reach $ 89 Million by 2024
Growing need
for graffiti-resistant films & coatings, environmental regulations related
to VOCs and increasing popularity of graffiti among graffiti artists coupled
with elimination of re-painting costs and devaluation of property to boost
global anti-graffiti coatings market through 2024
According to TechSci Research report, “Global Anti-Graffiti Coatings Market By Type, By End Use Industry, By Region,
Competition, Forecast & Opportunities, 2024”, global market for anti-graffiti
coatings stood at $ 74 million in 2018 and is projected to grow at a CAGR of
3.8% during the forecast period to reach $ 89 million by 2024. Major factors
expected to drive the market are rising need for graffiti-resistant films and coatings
and environmental regulations related to VOCs. Based
on type, global anti-graffiti coatings market has been segmented into water
based and non-water based segments. Of these categories, water-based anti-graffiti
coatings is the largest segment, as it is used in the construction and
transportation industries. Moreover, it is appropriate for a broad range of
porous and non-porous substrates including bricks, stones, concrete, glasses,
metals and plastics.
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Based on end use
industry, the market has been segmented into construction, transportation and others.
Construction industry is anticipated to witness the fastest growth rate in
global anti-graffiti coatings market during the forecast period, backed by
increasing need for protective systems from the residential and commercial
construction sectors for interior and exterior substrates. Moreover, construction
industry is registering growth across the globe, which in turn would boost
demand for anti-graffiti coatings & films, globally. Asia-Pacific is
experiencing growth in infrastructure, lenient public and environmental laws,
and rapid expansion of automotive and chemical industries, backed by factors
like abundant availability of raw materials and low cost labor. Such factors
would have a positive impact on the region’s anti-graffiti coatings market in
coming years.
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“North America
is expected to account for the largest share in global anti-graffiti coatings
market during the forecast period, as countries like the US, Canada and Mexico
are the most affected by graffiti vandalism, globally. Numerous laws and
regulations have been established by the authorities to check graffiti
vandalism. Moreover, governments and people in the region are aware of the
preventive measures against graffiti.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global
Anti-Graffiti Coatings Market By Type, By End Use Industry, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future
growth potential of global anti-graffiti coatings market and provides
statistics and information on market structure, size, share and future growth.
The report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in global anti-graffiti coatings market.
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