What's driving Factor Of Acrylic Coating Market With Eminent Players Axalta, BASF, DOW Chemicals, Nippon, PPG, Sherwin-Williams, and Valspar

Asia Pacific was the largest acrylic coating market and is expected to grow owing to increasing various end-use industries including automotive, construction, furniture, and metal industry in China, Japan, and India. Increasing vehicle production in countries including China, Indonesia, Japan, South Korea, and India is a major driver for market growth.

Acrylic Coating Market to Witness Widespread Growth in the forecast due to Significant rise in demand for acrylic coatings due to due to the increase in construction activities Acrylic technology is widely used in exterior applications for sealants, Plexiglas, industrial coatings, and house paints due to its durability.

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Acrylic resin-based industrial coatings have high demand, especially in the automotive industry, owing to stringent environmental regulations and the high corrosion resistance of these coatings. Apart from automotive, consumer appliances is the major end-use industry of these coatings. The coatings based on acrylic resins are also being used in wood, transportation, marine, and general industrial applications.

These regulations have led to the shift in demand from solvent-based coatings to environmentally-friendly products, such as water based, powder coatings, high solids, and UV-curable coatings. These environment-friendly products contain fewer solvents that evaporate during the curing phase. Hence, new rules and regulations set by the European Commission and Federal government agencies are leading toward achieving a greener environment with minimum or zero VOC emissions.

Acrylic coatings are divided into thermoplastic and thermosetting. They are applied to plastics, concrete, metals, and wood; and possess properties including transparency, high color ability, and UV resistance. Acrylic resins-based products are widely used in automotive refinishes and architectural applications owing to excellent exterior durability along with low production cost.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

o Axalta
o BASF
o DOW Chemicals
o Nippon
o PPG
o Sherwin-Williams
o Valspar

Key Factors Impacting Market Growth:
Significant rise in demand for acrylic coatings due to due to the increase in construction activities
Rapid urbanization in developing countries has led to the demand for acrylic coatings
Growing construction and infrastructure industry around the globe is driving the market for acrylic coatings

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Regional segmentation and analysis to understand growth patterns:

North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures.

The Asia Pacific and the Middle East are expected to register substantial growth in the acrylic coating market during the forecast period. This demand is with regard to the growth of major applications such as paints & coating, construction, paper & paperboard, textiles, fibers, adhesives. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on.

Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the acrylic coating market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market.

Acrylic Coating Market Segmentation:

By Type:

o Methylacrylates
o Acrylates & Hybrids
o Solvency
o Thermoplastic & Thermosetting

By Application:

o Paints & Coating
o Construction
o Paper & Paperboard
o Textiles
o Fibers
o Adhesives

By Region:
North America
By Country (US, Canada, Mexico)
By Type
By Application

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By Application

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Application

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By Application

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By Application

Rest of the World
By Region (South America, Africa)
By Type
By Application

Reasons To Buy This Report:
Market size estimation of the global acrylic coating market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.