Acrylic Surface Coating Market Size to Grow by USD 17,093.84 million from 2022 to 2027; Growth of the real estate and construction industries to boost the growth - Technavio
NEW YORK, May 30, 2023 /PRNewswire/ -- Global acrylic surface coating market size is estimated to increase by USD 17,093.84 million. The market's growth momentum will progress at a CAGR of 7.02%. The growth of the real estate and construction industries is expected to drive the growth of the acrylic surface coating market.
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Our report analyzes the life cycle of the global acrylic surface coating market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global acrylic surface coating market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies for 2023-2027. To help companies evaluate and develop growth strategies, the report outlines ?
Key purchase criteria
Adoption rates
Adoption lifecycles
Drivers of price sensitivity
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Acrylic surface coating market ? Vendor Analysis
Vendor Landscape - The global acrylic surface coating market is fragmented with the presence of several global as well as regional vendors. A few prominent vendors that offer acrylic surface coating in the market are 3M Co., Akzo Nobel NV, Arkema Group, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Ltd., Berkshire Hathaway Inc., Brillux GmbH and Co. KG, Chemilac Paints Pvt Ltd, Dunn Edwards Corp., Jesons Industries Ltd, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Karnak Corp., The Sherwin Williams Co., and Dow Chemical Co. and others.
What's New? -
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
Vendor Offerings -
3M Co. - The company offers acrylic surface coating such as 3M paint protection film sj8587, 3M surface protection film 3952, and scotchgard surface protection film 2200.
Akzo Nobel NV - The company offers acrylic surface coating such as quantum q t234, quantum q t236, and quantumcolor qc e461 go.
Arkema Group - The company offers acrylic surface coating such as coating resins, UV curable resins and additives, and acrylics.
Segment Overview Technavio has segmented the market based on type, Type (Construction, Automotive, Furniture, and Others), Technology (Water-borne, Solvent-borne, Powder, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
The construction segment is expected to be the largest contributor during the forecast period. Acrylic surface coatings are becoming more popular in the construction industry due to their durability, weather resistance, UV protection, and a wide range of color options, making them versatile and reliable options for a variety of architectural applications.
One of the primary drivers for the adoption of acrylic surface coatings in the construction industry is their ability to protect buildings from external elements such as rain, hail, and extreme temperatures.
Geography Overview By geography, the global acrylic surface coating market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global acrylic surface coating market.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Growing infrastructure development projects and construction activities in countries such as India, China, Japan, Singapore, Thailand, Indonesia, and the Philippines are expected to boost the regional demand for acrylic surface coatings. The Japanese government announced that it plans to spend USD 36 billion over the next 10 years to build new homes and renovate existing homes to make them more energy-efficient and earthquake resistant, which will drive the market for acrylic surface coatings
Countries such as India and China are expected to witness an increase in the demand for acrylic surface coatings during the forecast period due to the growth of the construction industry. Construction projects such as the Three George Dam, the North-South Water Transmission Project, and the Beijing Airport Expansion in China are expected to be completed during the forecast period
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Global Acrylic Surface Coating Market ? Market Dynamics
Leading Drivers -
The growth of the real estate and construction industries is driving the growth of the acrylic surface coating market. Rapid urbanization and heavy investment in infrastructure development will increase the need for office spaces, commercial facilities, and residential properties and will drive the demand for acrylic surface coatings, which are widely preferred as architectural coatings for architectural and structural applications.
The highly reflective and seamless properties of acrylic surface coatings make them preferred for construction applications. The acrylic surface coating allows the roof to shrink and expand, preventing water ingress during thermal expansion and contraction. They also help reduce indoor temperatures and energy consumption in air conditioning systems.
Key Trends -
The growing adoption of UV-curable coatings is the primary trend in the global acrylic surface coating market. UV curable coatings offer high performance and benefit from faster assembly on the assembly line.
Regulatory agencies such as the US Environmental Protection Agency and the Chinese Environmental Protection Agency have introduced strict regulations to combat the harmful effects of VOC emissions. These regulations force manufacturers to develop eco-friendly coating products. Therefore, UV-curable and water-based coatings made from environmentally friendly natural raw materials are gaining importance in the market. Durability, versatility, appearance, and excellent weather ability have made UV-curable acrylic surface coatings increasingly preferred.
Major challenges -
Volatility in raw material prices is a major challenge impeding the growth of the global acrylic surface coating market. The prices of raw materials used to manufacture acrylic surface coatings are highly unpredictable due to changing oil prices and the high dependence on natural forest products. A variety of substrates, including acrylic resins and additives, are commonly used in the production of acrylic surface coatings
Large fluctuations in world crude oil prices are caused by systematic imbalances between supply and demand in the global crude oil market. Some of the widely used raw materials for the production of acrylic surface coatings are petroleum derivatives. Fluctuations in raw material prices create unpredictability in the market, negatively impacting production costs and reducing supplier profit margins
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What are the key data covered in this Acrylic Surface Coating Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the Acrylic Surface Coating Market between 2023 and 2027
Precise estimation of the size of the Acrylic Surface Coating Market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the Acrylic Surface Coating Market industry across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of Acrylic Surface Coating Market vendors
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The acrylic rods and tubes market size is estimated to grow at a CAGR of 5.39% between 2022 and 2027 and the size of the market is forecast to increase by USD 367.83 million. This acrylic rods and tubes market report extensively covers market segmentation by type (extruded and cast), application (signage, point of sale displays, model making, and others), and geography (APAC, Europe, North America, Southern Europe, and Middle East and Africa). Advancements in technologies are key factors driving the global acrylic rods and tubes market growth.
The aerospace coatings market size is estimated to grow at a CAGR of 7.1% between 2022 and 2027. The market size is forecast to increase by USD 924.3 million. This aerospace coatings market report extensively covers market segmentation by application (commercial aviation, military aviation, and general aviation), type (polyurethane, epoxy, nickel coating, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The rise in the number of air passengers is the key factor driving the growth of the global aerospace coatings market.
Acrylic Surface Coating Market Scope
Report Coverage
Details
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.02%
Market growth 2023-2027
USD 17,093.84 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
6.66
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 42%
Key countries
US, China, India, UK, Russia
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
3M Co., Akzo Nobel NV, Arkema Group, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Ltd., Berkshire Hathaway Inc., Brillux GmbH and Co. KG, Chemilac Paints Pvt Ltd, Dunn Edwards Corp., Jesons Industries Ltd, Jotun AS, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Karnak Corp., The Sherwin Williams Co., and Dow Chemical Co.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global acrylic surface coating market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on global acrylic surface coating market 2017 - 2021 ($ million)
Exhibit 180: PPG Industries Inc. - Business segments
Exhibit 181: PPG Industries Inc. - Key offerings
Exhibit 182: PPG Industries Inc. - Segment focus
12.16 Sika AG
Exhibit 183: Sika AG - Overview
Exhibit 184: Sika AG - Business segments
Exhibit 185: Sika AG - Key news
Exhibit 186: Sika AG - Key offerings
Exhibit 187: Sika AG - Segment focus
12.17 The Sherwin Williams Co.
Exhibit 188: The Sherwin Williams Co. - Overview
Exhibit 189: The Sherwin Williams Co. - Business segments
Exhibit 190: The Sherwin Williams Co. - Key news
Exhibit 191: The Sherwin Williams Co. - Key offerings
Exhibit 192: The Sherwin Williams Co. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 193: Inclusions checklist
Exhibit 194: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 195: Currency conversion rates for US$
13.4 Research methodology
Exhibit 196: Research methodology
Exhibit 197: Validation techniques employed for market sizing
Exhibit 198: Information sources
13.5 List of abbreviations
Exhibit 199: List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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