Market Research Report
Global Acrylic Surface Coating Market, 2013-2023
|Published by||Market Krystal||Product code||913303|
|Published||Content info||120-150 Pages
Delivery time: 1-2 business days
|Global Acrylic Surface Coating Market, 2013-2023|
|Published: October 1, 2019||Content info: 120-150 Pages||
Acrylic surface coating acts as a mobile skin. It is a covering provided to the surface of various objects like the roof a building and many more. They are of 2 types- thermoplastic and thermosetting. Acrylic surface coating paints hold some impressive features like-
The report on global acrylic surface coating market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global acrylic surface coating market is growing in leaps and bounds and increasing its sphere of influence very fast and is gaining popularity. This global market is expected to reach the levels of US $ xxxx billion dollars by the end of 2023, as compared to US $ xxxx in 2018 registering an impressive growth rate of xx% annually.
They are extensively in use for architectural and decorative purposes. Also, it has a demand in the automotive refinish. They are also consumed for providing a stiff resistance to the foreign dangers on various objects. There is an excellent usage of acrylic surface coating for coating industrial goods.
The division of acrylic surface coating market is on the basis of technology. They are- solvent-borne, waterborne, powder and radiation curable coatings.
The highest demand was during the years between 2010 and 2017. On a global basis, acrylic surface coatings account for 25 percent of all other layers. In 2015, the global market value was pegged at US $ xxx million which is anticipated to grow at xx % CAGR and expected to reach US $ xxx million by 2023.
The hike in the decorative, construction, household, and automotive demands gives space for a growth n the production and popularity of acrylic surface coating. The primary reason behind this is the green environmental regulation as they release lower levels of volatile organic compounds. The accelerated investments by different companies based in countries like India, China, Mexico, Russia, Vietnam, and South Africa has further increased the demands of acrylic surface coatings.
There are certain defects in the waterborne acrylic surface coatings. And, still, the world lacks needed knowledge regarding such paints. So, the waterborne problems and the lack of awareness may be a cause of the decrease in the production of such colours.
North America is the largest consumer of the acrylic surface coating followed by Asia-Pacific. Latin America will see a gradual increase in demand whereas in Europe the market will see an increase of not more than 3%. Asian countries will show a good increase in consumption by 4-5% annually.
There are various companies worldwide producing acrylic coatings. These are Dow DuPont, the largest global producers. Others are BASF, PPG industries, Jotun, RPM, Celanese, Sherwin-Williams, Brillux and Nippon.
The research procedure begins with the bifurcation of various market segments of global acrylic surface coating market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across acrylic surface coating industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type: Manufacturers (35%), Suppliers (30%), Consumers (15%), Researchers (10%), Independent industry consultant (10%)
By geography: North America (40%), Asia (35%), Europe (25%)
By designation: Top level (35%), Operation level (25%), Mid-level (40%)