New York, NY, Aug. 30, 2019 (GLOBE NEWSWIRE) -- 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 through 54 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Acrylic Surface Coating Market: Industry Size, Share, Growth, Trends, Segments and Forecast, 2018–2025”.
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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.
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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 use 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. The emerging construction and real estate industries have increased the number of commercial complexes, office spaces, and residential buildings, which is further driving the demand for acrylic surface coatings. These coatings are widely preferred in architectural projects and used in structural and construction applications. Additionally, the acrylic surface coatings are widely used in both exterior and interior finishing applications.
The North American acrylic surface coating market is projected to grow significantly in the future, owing to the growing consumption of acrylic surface coatings in architectural projects. In 2018, the U.S. dominated this regional market. Moreover, the continuous innovations witnessed in the construction sector are also estimated to increase the applications of acrylic surface coatings, thereby, propelling the region’s acrylic surface coating market.
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 European acrylic surface coating market is anticipated to grow substantially, owing to the rising demand for acrylic surface coatings in the aerospace industry due to protection against corrosion, reduced carbon footprint, reduced ice accretion, and low maintenance costs. Additionally, the rising number of applications of acrylic surface coatings in the automotive industry is also projected to fuel the region’s acrylic surface coating market growth.
Rapid urbanization and industrialization are driving the acrylic surface coating market in Latin America. Brazil dominated the Latin American acrylic surface coating market, due to the growing construction activities and the increasing use of water-borne acrylic surface coatings by the Brazilian automotive industry.
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The Middle Eastern and African acrylic surface coating market is predicted to grow moderately, owing to the increasing use of acrylic surface coatings in various industrial applications, rising need for acrylic surface coatings by the construction industry, and a growing number of regional construction projects.
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.
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This report segments the global acrylic surface coating market into:
Global Acrylic Surface Coating Market: Substrate Type Analysis
- Concrete
- Metal
- Plastic
- Wood
Global Acrylic Surface Coating Market: Technology Analysis
- Water-Borne
- Solvent-borne
- Powder
Global Acrylic Surface Coating Market: End-User Analysis
- Building and Construction
- Automotive
- Aerospace and Defense
- Industrial
- Others
Global Acrylic Surface Coating Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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