29-Aug-2019 | Zion Market Research
Zion Market Research has published a new report titled “Acrylic Surface Coating Market By Substrate Type (Concrete, Metal, Plastic, and Wood), By Technology (Water-Borne, Solvent-Borne, and Powder), and By End-User (Building & Construction, Automotive, Aerospace & Defense, Industrial, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global acrylic surface coating market was USD 27.16 billion in 2018 and is expected to reach around USD 39.51 billion by 2025, growing at a CAGR of 5.5% between 2019 and 2025.
The acrylic coating is a quick-drying paint composed of several pigments that are acrylic polymer emulsion suspended. This coating is made of acrylic or methacrylic polymer that has better color retention properties. Acrylic surface coatings in dry conditions are water-resistant in nature and have important features, such as increased hardness in their surfaces and good elastomeric finish in the building's surface.
Browse the full “Acrylic Surface Coating Market By Substrate Type (Concrete, Metal, Plastic, and Wood), By Technology (Water-Borne, Solvent-Borne, and Powder), and By End-User (Building & Construction, Automotive, Aerospace & Defense, Industrial, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025
” Report at https://www.zionmarketresearch.com/report/acrylic-surface-coating-market
The global acrylic surface coating market is expected to grow rapidly in the upcoming years, owing to the growing acrylic surface coating applications in the building and construction industry and the rising number of regulations related to using environmental-friendly products. The demand for acrylic surface coatings that release lower levels of volatile organic compounds (VOCs) is increasing rapidly. Moreover, the rising applications, ranging from interior decoration to exterior walls, furniture, and traffic lights to automobiles, are likely to support the acrylic surface coating market. However, the price volatility of acrylic surface coatings may hamper the market in the future.
The acrylic surface coating market is classified on the basis of substrate type, technology, and end-user. The substrate type segment of the acrylic surface coating market includes wood, plastic, concrete, and metal. In 2018, the concrete segment contributed the largest market share globally, due to its increased applications in the automotive and construction industries. By technology, the acrylic surface coating market includes solvent-borne, water-borne, and powder. Water-borne technology dominated the global acrylic surface coating market in 2018, due to its various advantages like environment-friendliness and its wide usage in several applications like automobiles, construction, and machinery and equipment. The end-user segment of the acrylic surface coating market includes aerospace and defense, automotive, industrial, building and construction, and others. The building and construction segment dominated the global acrylic surface coating market in 2018, due to the surging construction activities in the developing countries.
In 2018, the Asia Pacific dominated the acrylic surface coating market globally due to the region’s rapid economic development. The Asia Pacific acrylic surface coating market is expected to dominate globally in the future, owing to the rising acrylic surface coatings demand, growing used of acrylic surface coatings in the construction industry in China, India, and Indonesia. Moreover, the rising acrylic surface coating demand by the automotive industry is likely to boost the market growth.
Some major companies involved in the acrylic surface coating market are BASF, Axalta Coating Systems, PPG Industries, Nippon Paint, Valspar Corporation, The Dow Chemical Company, Sherwin-Williams, Kansai Paint, RPM, Asian Paints, Benjamin Moore, Sacal International, Dunn Edwards, and AkzoNobel.
This report segments the global acrylic surface coating market into:
Global Acrylic Surface Coating Market: Substrate Type Analysis
Global Acrylic Surface Coating Market: Technology Analysis
Global Acrylic Surface Coating Market: End-User Analysis
Global Acrylic Surface Coating Market: Regional Analysis
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