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
·
BASF SE
·
3M
·
Akzo Nobel N.V.
·
CSL Silicones Inc
·
Hydron Protective
Coatings
·
Axalta Coating Systems
·
Watson Coatings, Inc.
·
NanoTech Coatings
·
Sika AG
·
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.
On the basis of 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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