September, 2018: According to a new report published by Mordor Intelligence LLP, the global anti-graffiti coatings market is expected to grow at a healthy CAGR by the year 2023. The factors, such as increasing popularity of graffiti among the population (one main reason for the growth in popularity is that graffiti includes illiterate section of population in it), enduring developments in nanotechnology, and bio-based technology coatings.
There have been a considerable number of cases of graffiti and other related vandalism in several countries across the world. Administrations in these countries devote large figure of revenues out of their municipal budgets every year, in order to remove graffiti from historical monuments, government buildings, and other properties. For instance, on an average, the annual cost involved in cleaning the graffiti in Milan (Italy) is around EUR 100 million. Graffiti devalues the properties and brings out a negative impact in the surroundings. Various chemical companies are using this as an opportunity and coming up with innovative products to cater this situation. With the application of anti-graffiti coatings, these undesirable arts can be cleaned off the surfaces with warm water at moderate pressure and simple wipes.
However, the fossil fuels which are used as the raw-materials in the manufacture of anti-graffiti coatings have been hindering the growth of the market. Several developed countries have passed strict regulations on the usage of fossil fuels. Nevertheless, the growing adoption of bio-based technology for graffiti coatings is expected to lower the growth barrier.
The report “Anti-graffiti Coatings Market Segmentation by Substrate, Type, End-user Industry, and Geography” is now available and can be purchased directly at: https://www.mordorintelligence.com/industry-reports/anti-graffiti-coatings-market
Anti-graffiti coatings market segmentation based on the substrate, type, end-user industry, and regional coverage,
Anti-graffiti Coatings Market - by Substrate
Anti-graffiti Coatings Market - by Type
Anti-graffiti Coatings Market - by End-user Industry
Anti-graffiti Coatings Market - by Region
Middle East & Africa
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