Acrylic Surface Coating Market 2018 Global Size, Growth, Trends, Outlook and Future Scope Analysis, By Manufacturers, Regions, Type And Application 2023

Global acrylic surface coating market research report: by substrate (concrete, metal, plastic, wood), technology (waterborne, solvent-borne, powder), end-use industry (building & construction, automotive, aerospace & defense) and by region till 2023

Defination:-

The acrylic coating is a fast-drying paint consisting a number of pigments suspended in the emulsion of the acrylic polymer. Such coatings are manufactured out of a methacrylic or acrylic polymer, which exhibits better color retention property. The acrylic surface coatings are water resistant in the dry state. They possess some important properties such as greater surface hardness and good elastomeric finish on the surface of the roof in the buildings. The acrylic coating is generally a covering applied to the surface of different objects. It serves different purposes for a substrate such as functional, decorative, or protectoral or all of them.

This product offers numerous beneficial properties to the surface of an object such as excellent finish, enhanced gloss, and better clarity, along with the considerable hardness and weather ability. Additionally, such type of protective coatings also exhibit a significant resistance to an impact, abrasion, chemical, and provides strong adhesion.

Worldwide Key Players:-

The prominent players in the global acrylic surface coating market are Arkema SA (France), PPG Industries (U.S.), Dunn-Edwards Corporation (U.S.), SIKA AG (Switzerland), The Valspar Corporation (U.S.), Wacker Chemie AG (Germany), Axalta Coating Systems (U.S.), HEMPEL A/S (Denmark), B.M. REAL INTERNATIONAL (Romania), and RPM International Inc. (U.S.), among others.

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According to the overall estimation of the market, the global protective coating market is projected to grow at a healthy CAGR and is estimated to reach nearly USD 23 billion by 2023. This is most likely to boost the demand for the acrylic surface coating during the years to follow. As per MRFR, the acrylic coating holds nearly 25% share of the overall paints and coatings market and its share is anticipated to increase continuously over the forecast period. The applications scope in the global protective coatings market is increasing year on year with the emerging end users and vast innovation and research going on in this field.

Increasing demand for the acrylic protective coatings on the industrial tools and equipment, and end decorative parts in building & construction industry is one of the major factors driving the growth of the market. Moreover, in a bid to protect to protect the metal surface from rusting and other chemical or mechanical damage, the demand for the product is growing at a robust rate. Lastly, the eco-friendly nature of acrylic coating likely to help this product penetrate into various applications wherein the green products is being continuously promoted.

Intended Audience:-

Acrylic surface coating Manufacturers
Traders and distributors of acrylic surface coating
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratory

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Regional Analysis:-

The global acrylic surface coatings market is spanned across the five major regions across the globe, namely, Asia Pacific, North America, Europe Latin America, and Middle East & Africa. Among them, Asia Pacific is dominating the market on account of rapid industrialization of the region in the recent years. Moreover, steadily surging government spending on infrastructural development projects and the marine sector is anticipated to fuel the growth of the market in the coming years.

In this region, India, South Korea, Japan, and China are leading the market due to growing urbanization and changing the lifestyle of the people, which is likely to give a boost to the major end-use industries such as automotive, aerospace and construction. Following the Asia Pacific, North America is the second most substantial region in the global acrylic surface coatings market, in terms of market size. The U.S is the largest market owing to the continuously growing demand for the product in the major end-use industries mainly automotive and aerospace sector along with the reconstruction, in the region. This is projected to favor the growth of the market of the acrylic surface coating during the forecast period. Europe is another important region in the global acrylic surface coating market, closely following North America. The U.K, France, Germany, Italy, and Belgium are the major contributors to the regional market.

Europe is a prominent market for acrylic coating, wherein it is majorly used in automotive and industrial applications. Latin America is witnessing a steady growth of end-user industries in countries namely Brazil and Argentina. The pacifying economic and political scenario in the region would push the growth in regional market forward. In the coming years, Latin America, and the Middle East & Africa are likely to contribute significantly towards the growth of the market owing to increasing demand from building and construction industry

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This release was published on openPR.