Acrylic surface coatings are nothing but paints, which dry fast, consisting of pigments suspended in acrylic polymer emulsion. These coatings are prepared using the methacrylic or acrylic polymer as they possess strong color retention property. When in the dry state, the acrylic coatings are water resistant but generally are soluble in water. Solvent-borne coating, waterborne coating, and powder coating are the various technologies used in the acrylic surface coatings.
Acrylic surface coatings are used in other variants, specially the waterborne paints, owing to the various advantages they provide such as wide pigment compatibility, low drying time, ease of application, and environmental friendliness. The vendors are making investments in the research and development so that they can introduce new product lines which in turn will help the market growth. The industries like furniture, construction, coil, metal fabrication, and plastic have an increased demand for coatings, therefore, creating chances for the market expansion.
Acrylic surface coatings market is segmented on the basis of substrates, end-use, technology, and regions. Based on the substrate, the global market is segmented into concrete, plastic, metals, wood, and others. Based on the context of use, level of protection, cost, and compatibility, substrates are further classified as partially or completely coated. On the basis of end-use, the global acrylic surface coating market is segmented into construction, automotive, household furniture and others. Further, on the basis of technology, the market is segmented into waterborne, solvent borne, and powder coatings. The global market for acrylic coatings is segmented into regions such as Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America.
Increasing consumption of acrylic surface coating due to its various advantages is anticipated to contribute to the market growth. Rising investments by different key players in countries such as Vietnam, India, Mexico, Russia, China, and South Africa is further anticipated to boost the demand in the market. Asia Pacific proved to be the largest market for acrylic surface coatings and is expected to continue its influence mainly owing to growing various end-use industries such as automotive, furniture, construction, and metal industry in countries including China, Japan, and India. Growing vehicle production in countries including China, Indonesia, Japan, South Korea, and India is also a key factor for the growth of the global market.
The various key players in the global acrylic surface coating market include BASF, The Dow Chemical Company, Axalta Coating Systems, Nippon Paint, PPG Industries, Valspar Corporation, and Sherwin-Williams. Other players in the global market are Asian Paints, Brillux, Jotun, Kansai Paint, RPM, Benjamin Moore, AkzoNobel, Dunn Edwards, and Sacal International.
Acrylic Surface Coating Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa