The global market for acrylic surface coatings was valued at $24,121.1 million in 2015; and it is expected to demonstrate a CAGR of 5.2% during the forecast period. Increasing demand for decorative paints, stringent environmental regulations, and increase the demand from end user industries, including automotive and construction sectors, are some of the major factors driving the growth of the acrylic surface coating in the global market. Rapid advancement in developing economies, and increasing concerns for environment have significantly boosted the high demand of acrylic surface coatings in the market. Additionally, increase in investments in the infrastructure industry is expected to increase the demand for acrylic surface coating in the coming years.
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By application, construction segment dominated the global market for acrylic surface coating with the largest market share in 2015; and it is expected to continue its dominance during the forecast period. By technology, the largest market share is of waterborne segment in 2015.
Geographically, Asia-Pacific dominated the global market for acrylic surface coating with the largest share accounting for 42.9% in 2015. It is also expected to witness the growth demonstrating a CAGR of 6.7% throughout the forecast period. This growth can be attributed to increasing investments for infrastructural sector, huge potential consumer base, and stringent regulations for usage of environment friendly coatings.
Some of the leading players in the global acrylic surface coating market are The Valspar Corporation, The Dow Chemicals Company, Brillux GmbH & Co. KG, BASF SE, PPG Industries Inc., Axalta Coating Systems, The Sherwin-Williams Company, Benjamin Moore & Co., NIPSEA Group, and Asian Paints.
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 Intelligence 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.
GLOBAL ACRYLIC SURFACE COATING MARKET SEGMENTATION