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The anti-graffiti coatings market share is expected to increase by USD 20.02 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.98%.
This anti-graffiti coatings market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the anti-graffiti coatings market segmentation by end-user (construction and transportation) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The anti-graffiti coatings market report also offers information on several market vendors, including 3M Co., A&I Coatings Pty Ltd, Akzo Nobel NV, Artekya Technology, Axalta Coating Systems Ltd., BASF SE, CSL Silicones Inc., DuluxGroup Ltd., DuPont de Nemours Inc, Hydron Protective Coatings Ltd., Merck KGaA, Nukote Coating Systems International, Opalux Inc, RAG Stiftung, SEI Industrial Chemicals, Sika AG, Teknos Group Oy, The Sherwin Williams Co., Wacker Chemie AG, and Watson Coatings Inc among others.
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The growing demand for anti-graffiti coatings in APAC is notably driving the anti-graffiti coatings market growth, although factors such as the high threat of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the anti-graffiti coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Anti-graffiti Coatings Market Driver
The growing demand for anti-graffiti coatings in APAC is one of the key drivers supporting the anti-graffiti coatings market growth. A huge consumer base and high purchasing power parity (PPP) in APAC countries are attracting significant private investments. Meanwhile, governments of APAC countries are investing heavily in the housing industry, owing to the migration of people to cities in search of amenities, employment, and an improved standard of living. In these countries, anti-graffiti coatings are used in the construction of flooring systems to prevent accidents caused by slipping. Thus, the growth in end-user industries in APAC is expected to drive the market during the forecast period.
Key Anti-graffiti Coatings Market Trend
Market consolidation through M&A is one of the key anti-graffiti coatings market trends contributing to the market growth. Consolidation helps manufacturers to improve their geographical footprint, production capabilities, and product diversification. For instance, in June 2022, Sherwin-Williams completed the acquisition of Gross & Perthun GmbH. The acquisition is expected to help Sherwin-Williams to diversify its product offerings and leverage new technologies to gain a competitive edge in the market. The acquisition is also expected to improve the distribution network for anti-graffiti coatings across North America. Such M&A strategies are expected to drive growth opportunities in the market during the forecast period.
Key Anti-graffiti Coatings Market Challenge
The high threat of substitutes is one of the factors hampering the anti-graffiti coatings market growth. Anti-graffiti panels provide anti-graffiti solutions for slippery surfaces, including work platforms, wet or greasy floors, and others. They find applications in the construction of floors of commercial vehicle manufacturing units, cold rooms, and residential buildings. The excellent toughness and durability of anti-graffiti panels make them suitable for the construction of flooring systems. Thus, the growing demand for anti-graffiti panels from various end-user industries such as construction and transportation is expected to impede the growth of the market during the forecast period.
This anti-graffiti coatings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global anti-graffiti coatings market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the anti-graffiti coatings market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the anti-graffiti coatings market encompasses successful business strategies deployed by the key vendors. The anti-graffiti coatings market is fragmented, and the vendors are deploying growth strategies such as price, quality, reputation, innovation, brand identity, and distribution to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report anti-graffiti coatings market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the anti-graffiti coatings market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the anti-graffiti coatings market in North America. Market growth in this region will be slower than the growth of the market in APAC.
Significant investments in residential and infrastructural activities in the US will facilitate the anti-graffiti coatings market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 decreased regional market growth. However, in 2021, large-scale vaccination drives and various government initiatives resulted in the resumption of business operations in the construction industry and the relaxation of lockdown restrictions. Such funding by governments of countries is expected to positively influence regional market growth during the forecast period.
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The anti-graffiti coatings market share growth by the construction segment will be significant during the forecast period. Ongoing mega construction projects, such as Dubailand in Dubai and the high-speed railway in California, consume a huge amount of anti-graffiti coatings to prevent additional costs on graffiti removal. Thus, the rise in the number of construction projects across the world is likely to fuel the demand for anti-graffiti coatings from the construction sector, which is likely to boost the segment's growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the anti-graffiti coatings market size and actionable market insights on the post-COVID-19 impact on each segment.
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Anti-graffiti Coatings Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.98% |
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Market growth 2022-2026 |
$20.02 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.9 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 43% |
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Key consumer countries |
US, Canada, Mexico, China, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
3M Co., A and I Coatings Pty Ltd, Akzo Nobel NV, Artekya Technology, Axalta Coating Systems Ltd., BASF SE, CSL Silicones Inc., DuluxGroup Ltd., DuPont de Nemours Inc, Hydron Protective Coatings Ltd., Merck KGaA, Nukote Coating Systems International, Opalux Inc, RAG Stiftung, SEI Industrial Chemicals, Sika AG, Teknos Group Oy, The Sherwin Williams Co., Wacker Chemie AG, and Watson Coatings Inc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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