Study Predicts Growth in Anti-Graffiti Coatings Market

摘要

PUNE,India-Persistence Market Research has released a report that predicts steady growth in the anti-graffiti coatings market over the forecast period of 2019 to 2029,owing to the rising awareness regarding special-purpose coatings in developed countries.The market is expected to witness significant growth,with a compound annual growth rate(CAGR)of over 4% through 2029.The emergence of anti-graffiti coatings as a promising solution for undesired graffiti art over the walls of residential,institutional and commercial buildings has resulted in an increase in sales in developed regions such as North America and Europe.The total costs of investments in graffiti cleaning and removal in these regions has grown significantly over the past couple of years.For instance,annual graffiti cleaning costs in Los Angeles are around $140 million.In the countries of Europe,such as Germany and the UK,the annual costs of graffiti cleaning are over $700 million and $1.5 billion respectively.This has resulted in demand for cost-effective and long-lasting anti-graffiti coatings in the North American and European regions.As a result,the anti-graffiti coatings markets in North America and Europe are expected to grow at a CAGR of over 4.5% over the forecast period of 2019 to 2029.