Market Overview:
The global acrylic resin coatings market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for acrylic resin coatings from various end-use industries, such as construction, marine, industrial coatings, automotive and others. In terms of type, the water-borne segment is projected to register highest CAGR during the forecast period. This can be attributed to its properties such as environmental friendliness and low VOC emissions.
Product Definition:
An acrylic resin coating is a type of sealant that is applied to surfaces in order to protect them from weathering, corrosion, and other environmental factors. Acrylic resin coatings are usually clear or translucent, and they can be used on both indoor and outdoor surfaces. They are important because they provide protection against the elements and help to maintain the appearance of a surface.
Water-Borne:
Water-borne is a type of coating, which is made up of water and various additives. The most important additive in this coating is usually starch or flour. The other additives can be any kind of dry substance like binder, colorant or clear coat.
Solvent-Borne:
Solvent-borne is a general term used for paints or coatings that are applied using water-based solvents. These products have high Volatile Organic Compounds (VOC) content, which makes them hazardous to human health and environment. Solvent borne paints emit toxic fumes when they are being used, which can cause lung damage and even cancer.
Application Insights:
The construction application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The product has a wide range of applications in this sector, including wall panels, roofing systems, cladding units for residential & commercial buildings and industrial infrastructure. Rising demand for low maintenance coating with durability and resistance to water & moisture is expected to drive its demand in this application over the next seven years.
Acrylic resins are used as adhesive coatings for joining or sealing various substrates such as metals, wood & composites among others. They are also used as protective coatings on electrical equipment owing to their superior chemical resistance coupled with good adhesion properties which make them ideal choices for protecting electronic components from corrosion caused by atmospheric elements like moisture and oxygen along with other chemicals present at high concentration around electronic devices.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising construction activities, coupled with growing automotive production in countries such as China, India, Japan and South Korea. In addition, increasing foreign investments coupled with favorable government regulations are anticipated to drive industry expansion over the next eight years.
The demand for acrylic coatings in Europe was valued at USD X million in 2017 owing to a rise in infrastructure spending along with an increase in industrial production output from key economies such as Germany and France on account of easy access for raw materials including coal tar diol (CTD) and resins from Russia & CSA Countries via ship- or rail-borne shipments across European borders which has reduced significantly since 2014 due to economic sanctions imposed on Russia by Western nations due to political disputes regarding Ukraine & Crimea among other things).
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and furniture owing to the properties of acrylic resin coatings such as durability, weather resistance and low maintenance.
- Rising demand for waterborne coatings due to environmental concerns over solvent-based coatings.
- Growing popularity of nanotechnology-enabled acrylic resin coatings that offer superior performance characteristics compared to traditional coating technologies.
- Proliferation of online retail channels that is aiding in the growth of DIY (Do It Yourself) home improvement projects, thereby driving the demand for acrylic resin coatings products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylic Resin Coatings Market Research Report
By Type
Water-Borne, Solvent-Borne, Powder
By Application
Construction, Marine, Industrial coatings, Automotive, Others
By Companies
Axalta Coating Systems, BASF Coatings, DOW Chemicals Company, Nippon Paint, PPG Industries, The Sherwin-Williams Company, The Valspar Corporation, Asian Paints, Jotun Group, Kansai Paint, Axalta Coating Systems, Dunn Edwards Paints
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Acrylic Resin Coatings Market Report Segments:
The global Acrylic Resin Coatings market is segmented on the basis of:
Types
Water-Borne, Solvent-Borne, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Marine, Industrial coatings, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Axalta Coating Systems
- BASF Coatings
- DOW Chemicals Company
- Nippon Paint
- PPG Industries
- The Sherwin-Williams Company
- The Valspar Corporation
- Asian Paints
- Jotun Group
- Kansai Paint
- Axalta Coating Systems
- Dunn Edwards Paints
Highlights of The Acrylic Resin Coatings Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water-Borne
- Solvent-Borne
- Powder
- By Application:
- Construction
- Marine
- Industrial coatings
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acrylic Resin Coatings Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acrylic resin coatings are a type of paint that is made from acrylic and other chemicals. Acrylic resin coatings are used to protect surfaces from the elements, such as rain or snow. They can also be used to add color or texture to a surface.
Some of the major companies in the acrylic resin coatings market are Axalta Coating Systems, BASF Coatings, DOW Chemicals Company, Nippon Paint, PPG Industries, The Sherwin-Williams Company, The Valspar Corporation, Asian Paints, Jotun Group, Kansai Paint, Axalta Coating Systems, Dunn Edwards Paints.
The acrylic resin coatings market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acrylic Resin Coatings Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Acrylic Resin Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acrylic Resin Coatings Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Acrylic Resin Coatings Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Acrylic Resin Coatings Market Size & Forecast, 2018-2028
4.5.1 Acrylic Resin Coatings Market Size and Y-o-Y Growth
4.5.2 Acrylic Resin Coatings Market Absolute $ Opportunity
Chapter 5 Global Acrylic Resin Coatings Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Acrylic Resin Coatings Market Size Forecast by Type
5.2.1 Water-Borne
5.2.2 Solvent-Borne
5.2.3 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Acrylic Resin Coatings Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Acrylic Resin Coatings Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Marine
6.2.3 Industrial coatings
6.2.4 Automotive
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acrylic Resin Coatings Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Acrylic Resin Coatings Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Acrylic Resin Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Acrylic Resin Coatings Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Acrylic Resin Coatings Market Size Forecast by Type
9.6.1 Water-Borne
9.6.2 Solvent-Borne
9.6.3 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Acrylic Resin Coatings Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Marine
9.10.3 Industrial coatings
9.10.4 Automotive
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Acrylic Resin Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Acrylic Resin Coatings Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Acrylic Resin Coatings Market Size Forecast by Type
10.6.1 Water-Borne
10.6.2 Solvent-Borne
10.6.3 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Acrylic Resin Coatings Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Marine
10.10.3 Industrial coatings
10.10.4 Automotive
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Acrylic Resin Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Acrylic Resin Coatings Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Acrylic Resin Coatings Market Size Forecast by Type
11.6.1 Water-Borne
11.6.2 Solvent-Borne
11.6.3 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Acrylic Resin Coatings Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Marine
11.10.3 Industrial coatings
11.10.4 Automotive
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Acrylic Resin Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Acrylic Resin Coatings Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Acrylic Resin Coatings Market Size Forecast by Type
12.6.1 Water-Borne
12.6.2 Solvent-Borne
12.6.3 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Acrylic Resin Coatings Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Marine
12.10.3 Industrial coatings
12.10.4 Automotive
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Acrylic Resin Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Acrylic Resin Coatings Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Acrylic Resin Coatings Market Size Forecast by Type
13.6.1 Water-Borne
13.6.2 Solvent-Borne
13.6.3 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Acrylic Resin Coatings Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Marine
13.10.3 Industrial coatings
13.10.4 Automotive
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Acrylic Resin Coatings Market: Competitive Dashboard
14.2 Global Acrylic Resin Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Axalta Coating Systems
14.3.2 BASF Coatings
14.3.3 DOW Chemicals Company
14.3.4 Nippon Paint
14.3.5 PPG Industries
14.3.6 The Sherwin-Williams Company
14.3.7 The Valspar Corporation
14.3.8 Asian Paints
14.3.9 Jotun Group
14.3.10 Kansai Paint
14.3.11 Axalta Coating Systems
14.3.12 Dunn Edwards Paints
