Market Overview
The acrylic coating in commonly applied on the surface of a substrate to serve decorative, functional, protectoral, or operational purposes. The final product substrate is obtained with some significant physical properties after application so Acrylic Surface Coatings, such as excellent finish, gloss, and better clarity. In addition to this, the end product also offers greater weather ability and superior hardness, also greater impact resistance, enhanced adhesion, and chemical resistance. The acrylic surface coating adds value to the product, an object, or a substrate and increases the life span and durability of the same. In the recent years, the acrylic surface coating has been successfully penetrated into a vast number of industries including, building & construction, automotive, marine, and aerospace & defense, and other industrial coatings. As per the overall estimation of the global protective coating market, it is significantly growing at a healthy CAGR to reach over USD 23 billion by the end of 2023. This is expected to fuel the demand for the acrylic surface coating in the coming years as the trend is likely to remain the same over the forecast period.
Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/5455
Competitive Analysis
Some of the leading players in the global acrylic surface coating market are
- Arkema SA (France),
- PPG Industries (U.S.),
- Dunn-Edwards Corporation (U.S.),
- SIKA AG (Switzerland),
- The Valspar Corporation (U.S.),
- Wacker Chemie AG (Germany),
- Axalta Coating Systems (U.S.),
- HEMPEL A/S (Denmark),
- B.M. REAL INTERNATIONAL (Romania),
- and RPM International Inc. (U.S.)
Speak To Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/5455
Regional Analysis
The global acrylic surface coating market is geographically spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific is leading the market, among others, owing to the increasing demand for building & construction, automotive, and wind energy sectors in this region. India, South Korea, China, and Japan are the major markets in this region due to the growing demand from emerging end use industries such as marine, automotive, and building & construction. North America is the second most considerable region in the global acrylic surface coating market. The U.S. is the major contributor to this region due to the presence of leading end use industries such as defense, marine, aerospace & defense. Europe is another substantial region in the market. The major markets in this region are Germany, the U.K, France, and Italy, where there is a growing demand for acrylic surface coatings by the automobile industry. Latin America is witnessing a rise in industrialization along with the pacifying political and economic scenario in Brazil and Colombia. During the forecast period, the region anticipated holding a significant share of the global acrylic surface coating market. The Middle East & Africa is holding relatively lesser shares in the global acrylic surface coating market. It is anticipated to witness growth in coming years on account of hitherto untapped growth opportunities in the construction sector.
Market Segmentation
The global acrylic surface coating market has been segmented on the basis of the substrate, technology, end-use industry, and region.
On the basis of the substrate, the market is divided into concrete, metal, plastics, wood, and others. Among these segments, concrete is holding the largest share of the market on account of rapid urbanization, swiftly growing construction sector, increasing government investment in infrastructure development projects. Moreover, the product confers excellent resistive properties to concrete on the application.
Based on technology the market is categorized into waterborne, solvent-borne, powder, and radiation curable. The waterborne segment is growing at a robust growth rate during the review period. This growth trend is primarily attributed to the increasing demand for the product from applications such as automotive, marine, and industrial machinery, tools, and equipment. Apart from this, the major factor favoring the growth of this segment is growing environmental concerns regarding solvent and powder bore technology.
Enquire For Discount @ https://www.marketresearchfuture.com/check-discount/5455
Based on the end use industry, the global acrylic surface coating market is classified as building & construction, automotive, aerospace & defense, marine, furniture making, and others. Building & construction segment is the largest consumer of acrylic surface coatings, which is majorly attributed to the steady and continuous rise in the construction activities in commercial, household, and physical infrastructural sectors. The product is predominantly used to coat a concrete and furniture substrate in the construction industry to improve adhesion and abrasion resistance.
Browse Related Reports:
Hydrate Inhibitors Market: Information by Type, Anti-Agglomerates, Application, and Region – Forecast till 2030
India Polyacrylamide Copolymer Market: Information by Type, By Application – Forecast to 2030
Isononanol Market: Information by Product Type, End-Use Industry and Region – Forecast till 2030
Mineral Wool Insulation Market: Research Report Information by Type, By Product, By End User, By Region – Forecast till 2030
Natural Polymer Market: Information-By Type, Application, and Region- Forecast till 2030
Nickel Hydroxide Market: Segmented Information: by Application, End-Use Industry, and Region – Forecast to 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact:
Market Research Future
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
