Report Code: A12622 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Cathodic acrylic market is expected to grow in the coming future due to its increasing demand in the construction and automobile industries. Cathodic acrylic coatings are capable of providing the best combination of corrosion resistance, exterior durability, and color control. These coatings offer good corrosion protection and UV durability, while retaining their original appearance in all weather conditions. Cathodic acrylic coatings are available in a wide range of color and gloss selections, making them an ideal choice for exterior one-coat final finishes as well as parts that require a highly decorative appearance. This in turn increases cathodic acrylic market demand for decorative coating applications. The product offers a unique property i.e., corrosion resistant primer with UV durability, which finds extensive usage in automotive industry for various coating applications. Beside this, it also offers good chip resistance and excellent throw power, which increase their ability to plate to a uniform thickness over an irregularly shaped cathode. It generates excellent hardness and chemical or solvent resistance without the usage of high solvents and heavy metals, which makes is suitable for various industrial appliances. Cathodic Acrylic has the ability of excellently retaining its color and inertness when exposed to outdoor conditions.
COVID-19 Impact Analysis
Top Impacting Factor
The major factors driving the growth of cathodic acrylic market are the growing demand for coating in the automotive industry and the growing environmental regulations in developing countries. The advantages provided by the cathodic acrylic coating of corrosion protection and UV durability makes the market grow more in the automobile industry. The high demand for good quality products in industries will help to drive the cathodic acrylic market growth. However, the high cost involved in the cathodic acrylic products restraint the growth of the market. The cathodic acrylic coated products are expensive due to better UV resistance and corrosion properties making them more expensive as compared to the other products. The increase in the production of hybrid vehicles provide a great opportunity for cathodic acrylic market. India has been witnessing huge investments in the automotive industry, which are further expected to increase production in the country providing opportunity for cathodic acrylic market. Growing demand for coatings in furniture, construction, metal fabrication, plastic, and coil-based applications will further create immense potential for cathodic acrylic market in the near future. The rising use of powder coatings in consumer goods, and architecture, furniture will provide more opportunity for cathodic acrylic market globally.
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Cathodic Acrylic Market Report Highlights
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Key Market Players | Metokote Corporation, Inc., PPG Industries Inc, Koch Membrane Systems Inc, Valspar Corp., Luvata OY, Hawking Electrotechnology Ltd., BASF SE, KCC Corporation, Nippon Paint Holdings Co., Axalta Coating Systems |
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