Press release
Acrylic Surface Coating to Witness the Highest Growth Globally in Coming Years
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Increasing demand for decorative paints, stringent environmental regulations, and increase the demand from end user industries, including automotive and construction sectors, are some of the major factors driving the growth of the acrylic surface coating in the global market. Rapid advancement in developing economies, and increasing concerns for environment have significantly boosted the high demand of acrylic surface coatings in the market. Additionally, increase in investments in the infrastructure industry is expected to increase the demand for acrylic surface coating in the coming years.
Geographically, Asia-Pacific dominated the global market for acrylic surface coating with the largest share accounting for 42.9% in 2015. It is also expected to witness the growth demonstrating a CAGR of 6.7% throughout the forecast period. This growth can be attributed to increasing investments for infrastructural sector, huge potential consumer base, and stringent regulations for usage of environment friendly coatings.
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Some of the leading players in the global acrylic surface coating market are The Valspar Corporation, The Dow Chemicals Company, Brillux GmbH & Co. KG, BASF SE, PPG Industries Inc., Axalta Coating Systems, The Sherwin-Williams Company, Benjamin Moore & Co., NIPSEA Group, and Asian Paints.
GLOBAL ACRYLIC SURFACE COATING MARKET SEGMENTATION
By Substrate
Plastic
Concrete
Metal
Others
By Technology
Waterborne
Solvent borne
Powder
Others
By Application
Construction
Automotive
General Industrial
Furniture
Others
GEOGRAPHICAL SEGMENTATION
By Region
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Brazil
Others
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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