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Acrylic Surface Coating Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Oct 2020 | 45 Views
 
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Acrylic Surface Coating Market Analysis 2020-2027:

 

The acrylic coating is a quick drying paint, which consists of several pigments that are acrylic polymer emulsion suspended. This coating is made of acrylic or methacrylic polymer that has better color retention characteristics. Acrylic surface coatings under dry conditions are water-resistant in nature and possess characteristics such as increased surface hardness and superior elastomeric finish in the surface of building.  In acrylic surface coatings, various technologies such as waterborne coating, solvent-borne coating, and powder coating are used. Acrylic surface coatings are characterized by features such as high surface hardness and elastomeric finish when applied on buildings as a roof coating. These coatings exhibit a wide range of advantages such as low drying time, ease of application, wide pigment compatibility, and environmentally friendly nature.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2019–2027

Base year considered

2019

Forecast period

2020–2027

Forecast unit

Value (USD)

Segments covered

Substrate, Technology, Application and Region

Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA)

Companies covered

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., Asian Paints, and NIPSEA Group

 

Key drivers of global acrylic surface coating market

Increase in demand for paints for aesthetic purpose is one of the major factors boosting the growth of the global market for acrylic surface coating. The demand for acrylic surface coatings that release lower levels of volatile organic compounds (VOCs) is increasing rapidly, which further contributes toward the growth of the global market. In addition, rise in applications, ranging from interior decoration to exterior walls, furniture, and traffic lights to automobiles, is expected to support the acrylic surface coating market. Moreover, increase in investments for infrastructural development in developing nations is expected to boost the demand for acrylic surface coatings.

Market scenario: opportunities and challenges

Rise in disposable income coupled with increase in urbanization are expect to result in increased demand for aesthetically appealing coats and drive the demand for decorative paints over the projected timeframe. Moreover, increase in investment for infrastructural development in developing countries is expected to serve as a significant market growth opportunity. In addition, upsurge in demand for coatings in construction, furniture, metal fabrication, coil, and plastic is anticipated to create immense potential for market expansion. Furthermore, increase in use of powder coatings in consumer goods, automotive, architecture, and furniture propels the acrylic surface coating industry growth. Increase in consumption of acrylic surface coating owing to its various advantages over its substitutes such as their low drying time, wide pigment compatibility, ease of application, and eco-friendliness drives the market growth. However, slowdown in global automotive production is expected to hinder the growth of the market.

COVID-19 scenario analysis

Owing to the outbreak of the COVID-19 pandemic, the global acrylic surface coating market is expected to witness a slowdown during the next couple of years. Government of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thereby leading to predictions of a sharp slowdown of acrylic surface coating industry. The prevailing pandemic situation has led to weakened demand in the automotive, manufacturing, telecommunications, and white goods for paints and coatings. The growth recovery of the industry depends heavily on the duration of the restrictions imposed and their influence on economic activity around the globe. .

Key segments covered

Segment

Subsegment

Substrate

  • Concrete
  • Plastic
  • Metals
  • Others

Technology

  • Waterborne
  • Powder borne
  • Solvent borne
  • Others

Application

  • Construction
  • Automotive
  • Industrial
  • Marine
  • Furniture
  • Others

Key benefits of the report

  • This study presents the analytical depiction of the global acrylic surface coating industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global acrylic surface coating market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global acrylic surface coating market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global acrylic surface coating market research report

  • Which are the leading market players active in the global acrylic surface coating market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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