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Global Acrylic Surface Coating Market Size, Share, Development, Growth and Demand Forecast to 2022  Industry Insights by Substrate, Technology, Application

Global Acrylic Surface Coating Market Size, Share, Development, Growth and Demand Forecast to 2022 Industry Insights by Substrate, Technology, Application

  • June 2016
  • 100 pages
  • ID: 4402323
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Acrylic surface coatings are made up of acrylic or methacrylic polymers. These coatings are the most utilized surface coatings, due to their inertness to outdoor environment and strong color retention property. These coatings are used for different substrates, such as concrete, plastics, and metal. These coatings are most commonly used in paints and coatings industry as finishes. Acrylic surface coatings are utilized for functional, as well as aesthetic purposes.

Acrylic surface coating industry has a good growth potential during the forecast period. The increasing demand for decorative paints is driving the growth of the global acrylic surface coating market. These coatings have applications ranging from exterior walls to interior decoration and furniture, and automobiles to traffic lights. With the increasing disposable income and urbanization, the demand for aesthetically appealing and decorative coats is also increasing. The increasing investment for infrastructural development in emerging economies is creating ample growth opportunities for the global acrylic surface coatings market.

Acrylic Surface Coating Market

The global acrylic surface coating market was estimated at $24,212.1 million in 2015, and it is expected to grow at a CAGR of 5.2% during 2016-2022. The advancement in end-user industries, green environment regulation, and increasing demand for decorative paints are driving the growth of the global acrylic surface coating market.

Among the various applications, the construction segment accounted for the largest segment in 2015, and it is anticipated to retain its dominance in the global acrylic surface coatings market during the forecast period. The acrylic surface coatings have several advantages, such as ease of application, wide pigment compatibility, environment friendliness and low drying time; therefore, witnessing huge demand in construction industry. Among the various technologies, the waterborne segment was estimated to have largest share in the global acrylic coating market in 2015. The reason behind huge consumption of waterborne technology based acrylic surface coatings is the increasing compliance for high-performance environment friendly surface coating.

Asia-Pacific accounted for the largest share (42.9%) in the global acrylic surface coating market and it is also anticipated to witness the highest growth (CAGR 6.7%) during 2016 - 2022. Heavy investments are expected in Asia-Pacific for developing infrastructure; therefore, creating demand for acrylic surface coatings. The infrastructure development in the Asia-Pacific is due to availability of debt, Asia’s increasing trade relations with other regions and private sector involvement such as Build Own and Operate (BOO), Build Operate-Transfer (BOT), Build Operate and Lease (BOL), and Public Private Partnership (PPP). This is anticipated to support the growth of the acrylic surface coating market in the region.

Some of the major players operating in the global acrylic surface coating market include BASF SE, Axalta Coating Systems, NIPSEA Group, PPG Industries Inc., The Dow Chemicals Company, The Sherwin-Williams Company, The Valspar Corporation, Brillux GmbH & Co. KG, Benjamin Moore & Co., and Asian Paints.

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