The global acrylic surface coating market was estimated at $24,212.1 million in 2015, and it is expected to grow at a CAGR of 5.2% during 2016 - 2022. The factors driving the growth of the global market include green environment regulations, advancement in end-user industries and increasing demand for decorative paints. The growth of the global acrylic surface coatings market is largely driven by high demand from the end-use industries especially construction and automotive. The rapid development in emerging economies and increasing compliance for high-performance environment friendly surface coating have supported the increased demand of acrylic surface coating. The increasing investments for infrastructure development in developing economies are anticipated to create huge demand for acrylic surface coating during the forecast period.
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Among the various applications, the construction segment held the largest share in the global acrylic surface coating market. Construction is one of the most dynamic industrial sectors, owing to the increasing urbanization. Therefore the segment is anticipated to retain its dominance throughout the forecast period.
In 2015, Asia-Pacific held the largest share in the global acrylic surface coating market with 42.9% share. The acrylic surface coating market in the region is anticipated to witness the highest growth at a CAGR of 6.7% during the forecast period. The major reasons behind the growth of the acrylic surface coating market in the region include increasing investment for infrastructure development, large consumer base, and increasing compliance for environment friendly coating.
The information and data in the publication “Global Acrylic Surface Coating Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. Bottom-up approach has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
Among the various technologies, the waterborne segment held the largest share in the global market in 2015.
Some of the major players operating in the global acrylic surface coating market include BASF SE, Axalta Coating Systems, NIPSEA Group, PPG Industries Inc., The Dow Chemicals Company, The Sherwin-Williams Company, The Valspar Corporation, Brillux GmbH & Co. KG, Benjamin Moore & Co., and Asian Paints.
GLOBAL ACRYLIC SURFACE COATING MARKET SEGMENTATION
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