Acrylic Protective Coating Market Study Report 2018-2023 | PPG Industries, Arkema SA, SIKA AG, Wacker Chemie AG, Axalta Coating Systems

Market Segments:

The acrylic protective coatings market is segmented by type, end-user, and region. By type, the market is segmented into waterborne thermosetting enamels, thermosetting acrylic coating, and thermoplastic waterborne acrylic latex. The thermosetting acrylic coating segment is anticipated to gain the lion's share of the market in the forthcoming years. The waterborne thermosetting enamels segment is touted to generate significant market revenue by 2023 due to various products launched in the market to prevent damage to products fabricated from wooden, plastic, and composite materials.

End-users of these coatings include marine, industrial, automotive, aerospace, building & construction, and others. The industrial segment is touted to be the biggest end-user of the acrylic protective coating market by 2023. The building and construction application segment can generate demand due to rise in infrastructural and renovation projects.

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10 Key Vendors:

PPG Industries
Arkema SA
Wacker Chemie AG
SIKA AG
RPM International Inc.
The Valspar Corporation
Axalta Coating Systems
HEMPEL A/S
B.M. REAL INTERNATIONAL
Dunn-Edwards Corporation

Market Overview:

The global acrylic protective coatings market size is predicted to reach USD 23 Mn by 2023, as per a new insightful report by Market Research Future (MRFR). It is expected to grow at a remarkable CAGR from 2016 to 2023 (forecast period). Acrylic protective coatings exhibit properties such as weather resistance, gloss, superior finish, and hardness. These can considerably increase the life of objects upon application. They are able to resist abrasion and adhesion. Popularity of these coatings in the automotive sector can purportedly influence market demand during the forecast period.

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TABLE OF CONTENTS:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Typeology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

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Geographiocal Analysis:

The APAC region is expected to lead due to increased government funding for marines and infrastructural projects. Heavy influx of capital by private and public sectors in Japan and China is projected to influence market demand in the coming years. In addition, automobile players expanding in the region is expected to be a major gamechanger for the market. Strong economic growth rates of developing nations can bolster market demand.

The North America region is the second-largest user base of acrylic protective coatings due to well-performing sectors in the U.S. Aerospace, automotive, and reconstruction are sectors expected to propel regional revenues over the forecast period. Non-residential infrastructural projects are expected to induce market demand till 2023.

The Europe market is anticipated a windfall owing to emphasis on VOC-free coatings in Germany and France.

The LATAM and MEA market together can contribute to overall market revenue due to the burgeoning construction sector in these regions.

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This release was published on openPR.