Anti-Graffiti Coatings Market is estimated to touch USD xx million by 2023

Posted by michael on June 7th, 2019

Anti-Graffiti Coatings Market Size and Growth Rate:

According to our research report, the Anti-Graffiti Coatings Market Size was capitalized at USD XX Million in 2018. The Anti-Graffiti Coatings Market is expected to exceed USD XX million by 2023 and grow at a compound annual rate of XX% from 2018 to 2023.

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Anti-Graffiti Coatings Market Overview:

Graffiti has become a global concern, as it has led to the degradation of public or private properties with a wide range of brands, prints and paintings. The increasing prevalence of graffiti in many countries around the world has had a negative impact on state and local governments, local communities, police, public transport and public service providers. As a result, graffiti has been considered one of the most visible forms of community crime and antisocial behavior.

Anti-Graffiti Coatings Market Growth Drivers and Restraints:

The increase in criminological research on graffiti has led the government to develop crime prevention strategies and give various chemical companies the opportunity to develop anti-graffiti products. The growing popularity of graffiti, despite government initiatives, has led to a growing need to eliminate graffiti, which has fuelled the demand for anti-graffiti coatings. These coatings are invisible that prevent graffiti paint from adhering to the surface. They are developed using nanoparticles and polymers, which function as water and oil repellent when added on the existing paint. Companies are focusing on developing anti-graffiti coatings with increased durability, transparency, and dirt resistance.

The technological advances in nanotechnology and an important commercial investment in the manufacture of ultra-thin, non-toxic and environmentally friendly coatings are key factors that drive the expansion of the anti-graffiti coatings market. Nanotechnologies improve the physical, chemical, mechanical, thermal and corrosion properties of anti-graffiti coatings at affordable costs. In addition, car manufacturers increasingly use anti-graffiti coatings to provide additional protection to the vehicle body. The rapid increase in global demand for automobiles and the increasing integration of anti-graffiti coatings into automobile manufacturing processes are key factors in the expansion of the market.

Strict government regulations on the use of petrochemicals, which are an important part of anti-graffiti coatings, limit market expansion. Chemical companies are focusing on the use of biologically based coatings, in line with the current trend in environmental safety, to create potential growth opportunities for the market anti-graffiti.

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Anti-Graffiti Coatings Market Geographical Segmentation:

North America and Europe have led the regions to occupy a significant part of the global market. However, a stricter legislative environment imposed by the government entails high costs for companies to develop products in these strict conformities, resulting in a slow market expansion in these regions. The Asia-Pacific region is characterized by growing infrastructure, weak environmental and public laws, a growing automotive industry and a growing expansion of the leading chemical companies in the region due to the abundant availability of raw materials and equipment, and low cost labor force.

Key Players of the Anti-Graffiti Coatings Market:

Key companies operating in the anti-graffiti coatings market are E. I. du Pont de Nemours and Company, BASF SE, the 3M Company, Akzo Nobel N.V., the Sherwin-Williams Company, Hydron Protective Coatings, the Valspar Corporation, Sika AG, Protective Coatings International Ltd., and CSL Silicones Inc.

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