The global acrylic surface coating market size was worth around USD 18.64 Billion in 2023 and is predicted to grow to around USD 29.54 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.25% between 2024 and 2032.
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Growth Factors in the Acrylic Surface Coating Market
The global acrylic surface coating market is anticipated to experience significant growth in the coming years as a result of the increasing use of acrylic surface coatings in the building and construction sector and the increasing number of regulations pertaining to the use of environmentally friendly products. The demand for acrylic surface coatings that emit lower levels of volatile organic compounds (VOCs) is expanding at a rapid pace.
The acrylic surface coating market is expected to be supported by the increasing number of applications, which include interior decoration, exterior walls, furniture, traffic lighting, and automobiles. Nevertheless, the market may be impeded by the price volatility of acrylic surface coatings in the future. In contrast, the global market is anticipated to experience an additional surge in the future years as a result of the ongoing research and development of acrylic surface coatings.
The acrylic coating is a paint that dries quickly and is made up of a variety of pigments that are suspended in an acrylic polymer emulsion. This coating is composed of acrylic or methacrylic polymer, which exhibits superior colour retention properties. In arid conditions, acrylic surface coatings are water-resistant and possess significant characteristics, including an enhanced hardness of their surfaces and a high-quality elastomeric finish on the building’s surface. Surfaces with a variety of substrates are frequently coated with acrylic coatings.
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The Global Acrylic Surface Coating Market is segmented based on product, application and region
Global Acrylic Surface Coating Market: Product Segment Analysis
● Concrete
● Metal
● Plastic
● Wood
Global Acrylic Surface Coating Market: Application Segment Analysis
● Building and Construction
● Automotive
● Aerospace and Defense
● Industrial
● Others
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The Global Acrylic Surface Coating market profiles key players such as:
● 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
Regional Analysis of the Acrylic Surface Coating Market
The Asia Pacific acrylic surface coating market is anticipated to become the global leader in the future due to the increasing demand for acrylic surface coatings and the increasing use of acrylic surface coatings in the construction industry in China, India, and Indonesia. Additionally, the automotive industry’s increasing demand for acrylic surface coatings is anticipated to expand the market.
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