Acrylic Surface Coating Market Size to grow by USD 20.08 billion between 2024-2028
According to a research report “ Acrylic Surface Coating Market” by Type (Construction, Automotive, Furniture, Others) Technology (Water-borne, Solvent-borne, Powder, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 20.08 billion, at a CAGR of 7.64% during the forecast period. The global real estate and construction sector's expansion, driven by an increasing number of office spaces, commercial complexes, and residential buildings, has resulted in a significant surge in demand for acrylic surface coatings. These coatings are extensively utilized in both interior and exterior finishing applications due to their highly reflective and seamless characteristics, making them a preferred choice in construction and structural applications. Urbanization and infrastructure development, particularly in developing countries, are major growth drivers for the construction industry, further fueling the demand for acrylic surface coatings. The global population growth is also leading to increased demand for housing and infrastructure, further boosting the market for these coatings..
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By Type, the Construction segment is projected to dominate the market size in 2024
Acrylic surface coatings have gained significant traction in the construction sector due to their robust attributes. These coatings offer superior durability, resistance to harsh weather conditions such as rain, hail, and extreme temperatures, and UV protection. Moreover, the wide array of color options makes acrylic coatings a versatile and dependable choice for various construction applications. The primary reason for their increasing adoption in the industry is their ability to shield buildings from external elements, ensuring structural integrity and longevity. Additionally, acrylic coatings exhibit excellent adhesion properties, ensuring a strong bond with diverse substrates, thereby maintaining a secure attachment to the building's exterior surface.
By Technology, Water-borne segment is expected to hold the largest market size for the year 2024
Waterborne acrylic surface coatings represent a significant segment of the coatings industry due to their environmental advantages and ease of application. These coatings utilize water as the primary solvent for dissolving additives and resins, resulting in a formulation containing over 80% water and less than 10% other solvents, such as glycols. Compliance with stringent regulations on the use of volatile organic compounds (VOCs) is a key driver for the adoption of waterborne coatings in developed regions. Additionally, the health concerns associated with organic solvents are mitigated with waterborne coatings. The application process for waterborne acrylic surface coatings is more straightforward compared to radiation-curable and powder coatings, further increasing their market appeal.
APAC is forecasted to hold the largest market size by region in 2024
The Acrylic Surface Coating Market represents a significant business opportunity, driven by the increasing demand for durable, cost-effective, and aesthetically pleasing coatings. Acrylic coatings offer superior resistance to UV radiation, chemicals, and weathering, making them an ideal choice for various industries, including automotive, construction, and consumer goods. Market growth is further fueled by technological advancements, such as nanotechnology and powder coatings, enhancing the performance and functionality of acrylic surface coatings.
The Acrylic Surface Coating Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
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.
Market Research Overview
The Acrylic Surface Coating Market encompasses a wide range of applications across various industries, including Electrical & Electronics, Aerospace & Defense, Automotive & Transportation, Construction, Furniture, and Residential and Commercial Buildings. Acrylic coatings find extensive use in automotive production for automotive refinishing applications and in industrial finishing for machinery and equipment protection against mechanical damage and rusting. Radiation curable acrylic coatings are popular in the aerospace and defense industry for their high surface hardness, weatherability, clarity, and gloss. In the construction sector, acrylic coatings are used for roof-coatings market, buildings, bridges, and exterior walls. The furniture industry utilizes acrylic coatings for cabinets, while the automotive industry employs them for decorative and protectoral purposes. Acrylic protective coatings offer water-resistant properties, color retention, fast-drying, and broad pigment compatibility. They are available in both waterborne and solvent-borne formulations, with the former being more environmentally-friendly due to their lower carbon footprint and VOC content. Industrial products, such as powder formulations, are also gaining popularity due to their eco-friendly nature and ease of application. Acrylic coatings are used for functional purposes, such as corrosion protection, and decorative purposes, such as elastomeric finish for increased hardness and water-resistant properties. They are suitable for various substrates, including metal, concrete, plastic, and wood. Acrylic coating applications range from automobiles and traffic lights to exterior walls and interior decoration.
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