Latest
industry research report on: Global Acrylic Surface Coating Market :
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Acrylic surface coatings are
fast-drying paints comprising pigments suspended in acrylic polymer
emulsion. These coatings are made up of a methacrylic or acrylic
polymer that possesses strong color retention property. Acrylic
coatings are soluble in water; however, they become water-resistant
in the dry state. Different technologies used in acrylic surface
coatings include waterborne coating, solvent-borne coating, and
powder coating. Acrylic surface coatings are characterized by
properties such as high surface hardness and elastomeric finish when
applied as roof coating on buildings.
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Acrylic
surface coating has a wide variety of advantages such as low drying
time, ease of application, wide pigment compatibility, and
environmentally friendly nature. The substrate is either coated
completely or partially depending on the context of usage, cost,
level of protection, and compatibility. Surface properties of the
substrate can be modified by acrylic coating depending on the purpose
it serves such as decorative or functional.
Acrylic
surface coatings are segmented on the basis of their substrates into
concrete, plastic, metals, and wood. Construction industry is one of
the major end user industries for concrete substrate acrylic
coatings, as it serves many applications in construction and
buildings. Urbanization and infrastructure development have led to
high growth in the construction sector, thereby increasing demand for
concrete-based acrylic coatings. Rise in disposable income in
emerging economies has propelled demand for wood furniture. This, in
turn, has fueled demand for wood substrate acrylic coatings.
Increasing demand for metal substrate acrylic coatings in
applications such as automobiles, machinery and equipment, aluminum
and steel coil, and freight containers is expected to fuel the market
growth in the next few years. Applications of waterborne coatings is
increasing as these coatings possess beneficial characteristics such
as good heat resistance, abrasiveness, and eco-friendly nature. This,
in turn, is estimated to drive demand for acrylic surface coatings in
the next few years. Excellent external durability of acrylic coatings
has boosted consumption of acrylic coatings in applications such as
architectural and automotive refinishes.
The
global market for acrylic coatings is segmented into regions such as
Asia Pacific, North America, Europe, Middle East and Africa, and
Latin America. Asia Pacific accounted for major share of the acrylic
coating market in 2014 followed by North America and Europe. Asia
Pacific is anticipated to continue to witness high growth during the
next few years owing to growth in end-user industries such as
construction, automotive, furniture, and metal in countries such as
India, China, and Japan. Growth in the automobile sector in countries
such as India, China, Indonesia, Japan, and South Korea has boosted
growth of the market in Asia Pacific. This, in turn, would aid Asia
Pacific to retain its market position during the next few years.
Europe is one of the largest markets for furniture across the globe.
Demand for wood substrate acrylic coating in Europe is anticipated to
witness steady growth during the next few years. Rising disposable
income in Asia Pacific is expected to propel demand for aesthetically
appealing coatings. This, in turn, is projected to drive demand for
decorative paints and coatings during the forecast period. Increasing
demand from major end user industries such as construction and
automotive and high future growth prospects for acrylic surface
coatings have resulted in several global players undertaking capacity
expansion across the globe. Furthermore, acrylic coatings are
eco-friendly in nature. Hence, environmental regulations play a vital
role in fueling demand for acrylic surface coatings.
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Some of the key companies
operating in the acrylic surface coating market include BASF SE, The
Dow Chemical Company, Axalta Coating Systems, NIPSEA Group, PPG
Industries, Inc., The Valspar Corporation, The Sherwin-Williams
Company, and Asian Paints.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. Geographies analyzed under this research
report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides
comprehensive analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this
Report
This report provides
pin-point analysis for changing competitive dynamics
It provides a forward
looking perspective on different factors driving or restraining
market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
It helps in understanding
the key product segments and their future
It provides pin point
analysis of changing competition dynamics and keeps you ahead of
competitors
It helps in making informed
business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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