Global Acrylic Surface Coating Market is valued at approximately USD 50.47 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.64% over the forecast period 2024-2032. Acrylic surface coatings are a type of protective or decorative finish made from acrylic-based materials, known for their durability, UV resistance, and adaptability across various substrates such as metals, wood, and concrete. These coatings offer a wide range of applications, including architectural finishes, automotive refinishes, and industrial coatings, owing to their superior performance and ease of application. The market is primarily driven by the robust growth of the real estate and construction sectors, propelled by rapid urbanization and significant infrastructure development worldwide. The automotive industry also plays a crucial role in fueling demand for acrylic coatings, particularly as consumers and manufacturers alike seek advanced materials that offer durability, aesthetics, and environmental benefits. Furthermore, the growing popularity of acrylic-based powder coatings, recognized for their eco-friendly properties and compliance with stringent environmental regulations, continues to boost market expansion.
A key trend shaping the market is the increasing adoption of UV-curable coatings. These coatings offer numerous advantages, including high performance, fast curing times, and enhanced durability, making them increasingly popular across various industries. Regulatory pressures to reduce volatile organic compound (VOC) emissions have also led to a surge in demand for environmentally friendly coatings, including water-based and UV-curable options, further driving market growth. However, challenges such as raw material price volatility and the dependence on petroleum-based products pose significant hurdles to market expansion.
The key regions considered for the global Acrylic Surface Coating Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Acrylic Surface Coating Market in terms of revenue. The market growth in the region is being attributed to factors including robust construction sector, increasing demand for durable and aesthetically pleasing coatings, and a growing emphasis on energy efficiency. Additionally, the automotive industry's focus on lightweight and fuel-efficient vehicles is driving the adoption of acrylic coatings with superior performance properties. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by extensive infrastructure development and construction activities, particularly in countries like India, China, and Japan. Government initiatives to promote the real estate sector and improve infrastructure are also contributing to the rising demand for acrylic coatings in the region.
Major market players included in this report are:
Asian Paints Ltd.
Axalta Coating Systems Ltd.
Berger Paints India Ltd.
Berkshire Hathaway Inc.
Brillux GmbH and Co. KG
Chemilac Paints Pvt Ltd.
Dow Chemical Co.
Dunn Edwards Corp.
Jesons Industries Ltd.
Jotun AS
Nippon Paint Holdings Co. Ltd.
Arkema Group
Akzo Nobel NV
PPG Industries Inc.
BASF SE
The detailed segments and sub-segments of the market are explained below:
By Type:
Construction
Automotive
Furniture
Others
By Technology:
Water-borne
Solvent-borne
Powder
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
