Global Acrylic Surface Coating Market, By Substrate (Concrete, Metal, Plastic, Wood, Others), Chemistry (Waterborne, Solvent-Borne, Powder, Radiation Curable), End-Use Industry (Building & Construction, Automotive & Transportation, Furniture, Aerospace & Defense, Electrical & Electronics, Marine, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Acrylic Surface Coating Market
The acrylic surface coating market will reach at an estimated value of USD 71.63 billion and grow at a rate of 8.00% for the forecast period of 2021 to 2028. Rise in the demand for acrylic protective coatings on the industrial tools and equipment and decorative parts in building and construction industry is a vital factor driving the growth of acrylic surface coating market.
Acrylic surface coatings are defined as the paints that dry fast and it consists of pigments which are suspended in an acrylic polymer emulsion. These coatings are manufactured using acrylic or methacrylic polymer as it possesses strong color retention features. Powder coating, solvent-borne coating, and waterborne coating are numerous technologies which are used for manufacturing acrylic surface coating in the acrylic surface coatings industry globally.
Rise in the investments in infrastructure development activities in developing economies is the vital factor escalating the market growth, also rise in the favorable government regulations and green environmental regulations, rising demand from the numerous applications which includes exterior and interior wall decoration, automobiles, traffic lights, furniture among others, rise in the investments in infrastructure development activities in developing economies and rise in the demand in light of high disposable income and urbanization along with rapid infrastructural development are the major factors among others driving the acrylic surface coating market. Moreover, rising research and development activities in the market and rising demand from the emerging economies will further create new opportunities for the acrylic surface coating market in the forecast period of 2021- 2028.
However, rise in the stringent regulations pertaining to solvent-borne acrylic surface coatings are the major factors among others acting as restraints, and will further challenge the growth of acrylic surface coating market in the forecast period mentioned above.
This acrylic surface coating market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the acrylic surface coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Acrylic Surface Coating Market Scope and Market Size
The acrylic surface coating market is segmented on the basis of substrate, chemistry and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on substrate, the acrylic surface coating market is segmented into concrete, metal, plastic, wood and others.
- Based on chemistry, the acrylic surface coating market is segmented into waterborne, solvent-borne, powder and radiation curable.
- The acrylic surface coating market is also segmented on the basis of end-use industry into building & construction, automotive & transportation, furniture, aerospace & defense, electrical & electronics, marine and others. Others have been further segmented into households and protective coatings.
Acrylic Surface Coating Market Country Level Analysis
The acrylic surface coating market is analysed and market size, volume information is provided by country, substrate, chemistry and end-use industry as referenced above.
The countries covered in the acrylic surface coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the acrylic surface coating market due to rise in the demand for acrylic surface coating from various sectors such as industrial, marine, metal finishing, and construction, rise in the favorable government regulations and green environmental regulations and rise in the demand in light of high disposable income and urbanization in this region.
The country section of the acrylic surface coating market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acrylic Surface Coating Market Share Analysis
The acrylic surface coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to acrylic surface coating market.
The major players covered in the acrylic surface coating market report are BASF SE, Dow, Axalta Coating Systems, LLC, Nippon Paint (India) Private Limited, PPG Industries, Inc., Valspar, The Sherwin-Williams Company, Asian Paints, Brillux GmbH & Co. KG, Jotun, Kansai Paint Co.,Ltd, Benjamin Moore & Co, Akzo Nobel N.V, Dunn-Edwards Corporation, SACAL INTERNATIONAL GROUP LTD, Ameetuff Technical Paints Industries, Surya Technocrats, Cosmos Industrial Paints, Krishna Chemicals and Star Speciality Chemical Private Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.