The Acrylic Surface Coating Market is being driven by Growth of real estate and construction industry
The Acrylic Surface Coating Market is expected to grow at a CAGR of 7.64% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 20.08 billion. The global acrylic surface coating market is witnessing a surge in demand for eco-friendly and sustainable products, driven by increasing consumer awareness and regulatory requirements in developed regions. Bio-based resins and polymers are gaining significant traction in the market due to their commercial uses in coatings. In the US and Europe, the preference for recyclable and renewable coating materials is on the rise, particularly in the food packaging, consumer goods, and other industries. Stringent environmental and food and drug regulations are further fostering the adoption of bio-based polymer coatings. These trends are expected to propel the growth of the acrylic surface coatings market.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
194 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.64% |
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Market growth 2024-2028 |
USD 20.08 billion |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
6.95 |
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Key countries |
China, US, UK, India, and Russia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Acrylic Surface Coating Market encompasses a wide range of products used for both functional and decorative purposes. These coatings are known for their glossy finish and excellent water-resistant property, making them ideal for various protectoral uses, particularly in buildings and roof coatings. Acrylic coatings offer high surface hardness and excellent color retention properties, ensuring long-lasting beauty and durability. Fast-drying acrylic paints are popular in the architectural and decorative sectors due to their ease of application and short drying time. The eco-friendly nature of acrylic coatings, which are often waterborne, is another significant advantage. The broad pigment compatibility of acrylic coatings allows for a vast array of colors and finishes, including elastomeric finishes for increased hardness and water resistance. Acrylic coatings are typically applied in an acrylic polymer emulsion form, which can be in powder or liquid formulations. The substrate plays a crucial role in the performance of acrylic coatings, and proper surface preparation is essential for optimal results. Acrylic coatings offer excellent water resistance and color retention properties, making them a top choice for various applications. Quick-drying acrylic paints and acrylic coatings are popular due to their ease of application and quick drying time.
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals utilized in the production of a diverse range of products, including fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by these high-value-added chemical manufacturers. Factors propelling the expansion of the specialty chemicals market include the increasing preference for specialty adhesives and sealants, driven by the rising demand for these products across various industries. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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