By 2025, the global acrylic surface coating market will reach 39.51 billion dollars
issuing time ：2019-11-11
August 30, 2019 (Global News) Zion Market Research has released a new report on the technical (aqueous) acrylic surface coating market, "Global Industry Perspectives Comprehensive Analysis and Forecast 2018-2025" according to the report, The global acrylic surface coating market in 2008 was $27.16 billion, and is expected to reach $39.51 billion by 2025, with a compound annual growth rate of 5.5% between 2019 and 2025.
Acrylic paint is a fast-drying coating consisting of several pigments that are suspended in an acrylic polymer emulsion. The coating is made of acrylic or methacrylic polymer for better color retention. The acrylic surface coating under dry conditions is inherently water resistant and has important features such as increased hardness of the surface and a good elastic finish on the surface of the building.
Due to the increasing use of acrylic surface coatings in the construction and construction industries and the growing number of regulations related to the use of environmentally friendly products, the global acrylic surface coatings market is expected to grow rapidly in the coming years. The demand for acrylic surface coatings that release lower levels of volatile organic compounds (VOCs) is rapidly increasing. In addition, growing applications from interiors to exteriors, furniture, traffic lights to automobiles may support the acrylic surface coating market. However, price fluctuations in acrylic surface coatings may hinder the market in the future.
The acrylic surface coating market is categorized by substrate type, technology and end user. The substrate type portion of the acrylic surface coating market includes wood, plastic, concrete and metal. In 2018, the concrete sector contributed the largest market share worldwide due to its increased use in the automotive and construction industries. Through the technology, the acrylic surface coating market includes solvent-based, water-based and powder. Waterborne technology dominated the global acrylic surface coatings market in 2018 due to its environmental friendliness and its wide range of applications in a wide range of applications including automotive, construction, machinery and equipment. The end user segments of the acrylic surface coatings market include aerospace and defense, automotive, industrial, construction and others. Due to the surge in construction activity in developing countries, the building and construction sector dominated the global acrylic surface coating market in 2018.
In 2018, due to the rapid economic development in the region, the Asia Pacific region dominated the global acrylic surface coatings market. Due to the increasing demand for acrylic surface coatings and the increasing use of acrylic surface coatings in China, India and Indonesia, the acrylic surface coatings market in Asia Pacific is expected to dominate the world in the future. In addition, the automotive industry's rising demand for acrylic surface coatings may drive market growth. The emerging construction and real estate industries have increased the number of commercial complexes, office space and residential buildings, further driving the demand for acrylic surface coatings. These coatings are widely used in construction projects and are used in structural and architectural applications.
In addition, due to the growing consumption of acrylic surface coatings in construction projects, the market for acrylic surface coatings in North America is expected to grow significantly in the future. In 2018, the United States dominated this regional market. In addition, continuous innovations in the construction industry are expected to increase the use of acrylic surface coatings to drive the acrylic surface coatings market in the region.
The demand for acrylic surface coatings in the aerospace industry is growing due to corrosion protection, reduced carbon footprint, reduced ice accretion and low maintenance costs, and the European acrylic surface coatings market is expected to grow substantially. In addition, the increase in acrylic surface coating applications in the automotive industry is also expected to drive growth in the acrylic surface coatings market in the region. Rapid urbanization and industrialization are driving the acrylic surface coating market in Latin America. Due to the increasing use of acrylic surface coatings in various industrial applications, the growing demand for acrylic surface coatings in the construction industry, and the growing number of regional construction projects, the acrylic and surface coatings market in the Middle East and Africa is expected to grow moderately.