Pune, India - persistence market research company has released a report predicting that the market of graffiti resistant coatings will grow steadily from 2019 to 2029 due to the increasing awareness of special application coatings in developed countries. The market is expected to grow at a compound annual growth rate (CAGR) of more than 4% by 2029.

The emergence of anti graffiti paint is expected to solve the unpopular graffiti art on the walls of residential buildings, public institutions and commercial buildings, which will lead to the sales growth of the paint in developed regions such as North America and Europe. In the past few years, the total cost of graffiti cleaning and removal investment in these areas has increased significantly. Los Angeles, for example, spends about $140 million a year cleaning up graffiti. In European countries, such as Germany and Britain, the annual cost of graffiti cleaning is more than $700 million and $1.5 billion respectively. These have led to the demand for cost-effective and long-lasting anti graffiti coatings in North America and Europe. As a result, the North American and European anti graffiti Coatings Markets are expected to grow at a CAGR of more than 4.5% from 2019 to 2029.

Graffiti is still a controversial topic, because it is not only a major form of destruction, but also a way of self-expression. In the past few years, graffiti art has become an important way of expression in various regions. Therefore, the demand for anti graffiti coatings is also increasing, which is expected to promote the growth of global anti graffiti coatings market.

According to the materials used in the production of anti graffiti coatings, different durability and end use types, as well as seven major regions of the world, the researchers subdivided the market. From the material point of view, anti graffiti coatings market will see the sales growth of silicone and polyurethane market segments. Depending on the type, the market is expected to witness substantial profit growth for permanent anti graffiti coatings, driven by consumer demand for durable coatings. According to the end use, it is expected that a large part of the consumption of anti graffiti coatings will come from commercial and infrastructure institutions. However, anti graffiti coatings used to protect automotive and transport assets are expected to grow in the transport market.