Market Synopsis:
The global Anti-Graffiti
Coatings Market has been analyzed with respect to five key regions—North
America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in North America
accounted for the largest share of the global anti-graffiti coatings market and
is expected to grow at a significant rate during the review period. The growth
is attributed to the growing construction industry with increasing investments
in residential and commercial construction to meet the rising demand for modern
residences and infrastructure. In the US, revenue from the construction
industry crossed USD 1 trillion from 2016 to 2017 and is expected to reach USD
1.7 trillion by 2020.
The market in Asia-Pacific is
expected to register a healthy CAGR during the forecast period. The expanding
construction industry in developing nations such as India, China, Thailand, and
Indonesia on account of increased spending on commercial construction is
expected to drive the regional market growth. The Smart Cities Mission, an
initiative by the Government of India for development, has led to a rapid
increase in construction activities, such as tunnels and bridges. Also, in
December 2016, the Thailand government approved around USD 25.2 billion for an
infrastructure development plan for 2017, which includes railways, roads, and
underground tunnels. This is expected to drive the demand for anti-graffiti
coatings in the region.
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Europe is another prominent
market for anti-graffiti coatings on account of the rising residential
construction. In 2017, the total construction output in the European Union
amounted to around USD 1,454 billion, mainly due to the rise in construction
activities in Germany, the UK, France, Italy, and Nordic countries.
Additionally, the ongoing tunnel projects in Europe such as Follo Line in
Oslo/Norway and Citybanan in Stockholm/Sweden are likely to add to the regional
market growth.
The market in Latin America is
expected to witness moderate growth on account of the growing automotive
industry coupled with rising demand for passenger vehicles.
The growing industrialization in
the Middle East & Africa due to the shift from oil-based economy to
industrial development together with increased investment in infrastructure
projects are likely to support the regional market growth during the forecast
period.
Key Players
·
Axalta Coating Systems
·
Teknos Group
·
CSL Silicones Inc.
·
Performance Solutions NZ Limited
·
Wacker Chemie AG
·
BASF SE
·
3M
·
Akzo Nobel N.V.
·
Sika AG
·
The Sherwin-Williams Company
·
NanoTech Coatings
·
A&I Coatings
·
Hydron Protective Coatings
·
DuluxGroup Ltd
·
Watson Coatings, Inc
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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.
Based on substrate, the global
market has been divided into metal, wood, concrete, pre-existing
coatings, and others.
By end-use industry, the global
market has been segmented into construction and transportation.
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