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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The acrylic coating is a rapid-drying paint made up of a suspension of pigments in the form of an acrylic polymer emulsion. This coating is composed of a methacrylic or acrylic polymer with enhanced colour retention. Acrylic surface coatings exhibit water resistance when exposed to arid conditions and possess notable characteristics, including enhanced surface hardness and a favourable elastomeric finish for the building’s exterior. Acrylic coatings are frequently employed to envelop a variety of substrates.
The increasing number of regulations pertaining to the use of eco-friendly products and the expanding use of acrylic surface coatings in the building and construction sector are anticipated to propel the global market for acrylic surface coatings to rapid expansion over the next few years. Rapid growth is being observed in the demand for acrylic surface coatings that emit fewer volatile organic compounds (VOCs).
Furthermore, the expanding range of applications, which includes automobiles, traffic lights, interior decoration, and exterior walls and walls, is expected to provide substantial support for the acrylic surface coating market. Nevertheless, future market growth could be impeded by the price volatility of acrylic surface coatings. On the contrary, it is anticipated that the continuous advancements and research concerning acrylic surface coatings will contribute to the expansion of this worldwide market in the coming years.
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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
● AkzoNobel
Analysis of the Acrylic Surface Coating Market by Region
The rising demand for acrylic surface coatings and the expanding use of acrylic surface coatings in the construction industries of China, India, and Indonesia are anticipated to propel the Asia Pacific acrylic surface coating market to global dominance in the coming years. Additionally, the increasing demand for acrylic surface coatings in the automotive sector is anticipated to stimulate market expansion.
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