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.
Browse xx market data Figures and Table spread through 110 Pages and an in-depth TOC on ” Global Anti-Graffiti Coatings Market“
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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