Acrylic Surface Coating Market Size, Share & Industry Analysis, By Type (Water-Based, Solvent-Based, Powder), By Application (Construction & Infrastructure, Automotive, Others) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102298 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Acrylic surface coating is paint consisting of acrylic polymer emulsion in which pigments are dissolved. These coatings dry at a faster rate and have intense color retaining property. Acrylic coatings are made from acrylic or methacrylic polymer and can be used in waterborne, solvent-borne, and powder formulations. The substrate is coated either wholly or partially depending on its area of usage, compatibility, and level of protection. The properties of coatings include high surface hardness, broad pigment compatibility, low drying time, ease of application, and eco-friendly nature. Acrylic surface coatings are primarily used in decorative, architectural, and layering on industrial products.

The key market driver for acrylic surface coating market is the rising demand for acrylic coatings from the construction industry. The growing need for a durable coating to protect the substrate from corrosion and other external factors is expected to grow the market. Moreover, the demand for environment-friendly coatings will support market growth.

Key Market Driver -

Rising demand for acrylic coatings from construction industry

Key Market Restraint -

Decline in usage of solvent-based coatings

Key market restraint for acrylic surface coating market is the decline in usage of the solvent-based coatings. Solvent-based coatings have adverse effects on the environment, and additionally, regulations proposed to minimize the use of solvent-based coatings will harm the market.

Market Segmentation:

Based on type, acrylic surface coating market is segmented into water-based, solvent-based, and powder. Based on the application, acrylic surface coating market is segmented into construction & infrastructure, automotive, furniture, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Acrylic Surface Coating Market Key Players Covered:

Some of the notable companies in the global acrylic surface coating market are Dow, BASF SE, Axalta Coating Systems, Nippon Paint. PPG Industries Inc., Sherwin-Williams, Asian Paints, Brillux GmbH & Co. KG, Jotun, Kansai Paint, RPM International Inc., Benjamin Moore & Co., Dunn-Edwards Corporation, Karnak, and other key players.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Acrylic Surface Coating Market Analysis:

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The global acrylic surface coating market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has witnessed significant growth in the acrylic surface coating market due to the presence of major acrylic coating manufacturers such as Dunn-Edwards Corporation, PPG Industries, Axalta Coating Systems, and others. The growth of the acrylic surface coating market in Europe will be due to the increasing automobile production, which is increasing the demand for acrylic surface coating for industrial finishing. Growth of the market in Asia Pacific can be owed to the rising consumption of acrylic coating in electronics, machinery & equipment, roof coating, and the automotive sector. Latin America and the Middle East & Africa will exhibit moderate growth in the market due to the demand for acrylic coating from the automotive and construction industries.

Segmentation

ATTRIBUTE	DETAILS
By Type	Water-Based Solvent-Based Powder
By Application	Construction & Infrastructure Automotive Others
By Geography	North America (U.S., and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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