Market Overview:
The global acrylics 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 acrylics coatings from various end-use industries, such as commercial, residential, and industrial. In terms of type, the water-based segment is projected to lead the global acrylics coatings market during the forecast period. This can be attributed to its properties such as environmental friendliness and low VOC emissions. In terms of application, the commercial segment is projected to lead the global acrylics coatings market duringthe forecast period owingto its growing demand from various end-use industries such as automotive and construction.
Product Definition:
Acrylic coatings are a type of coating that is made from acrylic polymer. This type of coating is important because it can be used to protect surfaces from damage, and it can also be used to improve the appearance of surfaces.
Water-based:
Water-based, it's usage and growth factor in acrylics coatings market is expected to witness significant growth over the forecast period. The water-based coating formulation comprises of pigments or additives which are evenly distributed in a carrier fluid. Water is used as a carrier due to its low cost & high availability along with its ability to dilute the additive or pigment mixture.
Solvent-based:
Solvent-based is a type of paint that contains at least one solvent, which is usually a liquid. The most common solvents used in acrylic paints are dichloromethane, trichloroethylene and tetrachlorethylene. These products have the ability to dissolve almost all types of materials including resins, oils and greases as well as metals.
Application Insights:
The global demand for acrylics coatings was dominated by the residential sector, which accounted for 72.3% of the total revenue share in 2017. The growth of this application segment is attributed to increasing consumer disposable income and rapid urbanization in emerging economies including China, India and Brazil. In addition, rising preference for aesthetically pleasing products has been driving the demand from various end-use industries including construction and automotive among others.
Increasing investments by governments to improve infrastructure across various regions coupled with growing awareness regarding environmental issues are expected to drive product consumption in construction applications over the forecast period.
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 in emerging economies, such as China and India. In addition, rapid industrialization coupled with growing infrastructure development will drive product demand further.
The presence of key manufacturers in countries like Japan and China has resulted in a high availability of raw materials at competitive prices, which has benefitted the industry growth significantly. However, increasing regulatory measures by Paints Directive 2009/128/EC are hampering acrylic coatings production within Europe due to their toxic nature makes them unsuitable for use near food-producing plants or during storage or transportation operations that involve contact with plant leaves or stems; these factors are expected to hinder market growth over the next eight years.
North America is anticipated to witness steady demand owing to an increase in residential construction activities mainly driven by low mortgage rates along with steady improvement seen across commercial sector including retail.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Rising demand for acrylic coatings in Asia Pacific region
- Growing use of acrylic coatings in water-based systems
- Technological advancements in the manufacturing process of acrylic coatings
- Increasing awareness about benefits of using acrylic coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylics Coatings Market Research Report
By Type
Water-based, Solvent-based, Others
By Application
Commercial, Residential, Industrial
By Companies
PPG, AkzoNobel, Evonik, DIC Corporation, Arkema, Sherwin-Williams, Masterbond, National Coatings, Gellner Industrial, Chase Electronic Coatings (HumiSeal), Dow Coating, Lubrizol, Reichhold, General Coatings, Specialty Polymer Coatings
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Acrylics Coatings Market Report Segments:
The global Acrylics Coatings market is segmented on the basis of:
Types
Water-based, Solvent-based, Others
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
Commercial, Residential, Industrial
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:
- PPG
- AkzoNobel
- Evonik
- DIC Corporation
- Arkema
- Sherwin-Williams
- Masterbond
- National Coatings
- Gellner Industrial
- Chase Electronic Coatings (HumiSeal)
- Dow Coating
- Lubrizol
- Reichhold
- General Coatings
- Specialty Polymer Coatings
Highlights of The Acrylics 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-based
- Solvent-based
- Others
- By Application:
- Commercial
- Residential
- Industrial
- 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 Acrylics 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 coatings are a type of paint that is made from acrylics and other materials. Acrylic coatings are used to protect surfaces from the elements, such as rain or snow. They can also be used to give a glossy finish to objects.
Some of the key players operating in the acrylics coatings market are PPG, AkzoNobel, Evonik, DIC Corporation, Arkema, Sherwin-Williams, Masterbond, National Coatings, Gellner Industrial, Chase Electronic Coatings (HumiSeal), Dow Coating, Lubrizol, Reichhold, General Coatings, Specialty Polymer Coatings.
The acrylics 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 Acrylics 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 Acrylics Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acrylics 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 Acrylics 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 Acrylics Coatings Market Size & Forecast, 2020-2028
4.5.1 Acrylics Coatings Market Size and Y-o-Y Growth
4.5.2 Acrylics Coatings Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Water-based
5.2.2 Solvent-based
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acrylics 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 Acrylics 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Water-based
9.6.2 Solvent-based
9.6.3 Others
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 Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Industrial
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Water-based
10.6.2 Solvent-based
10.6.3 Others
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 Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Industrial
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Water-based
11.6.2 Solvent-based
11.6.3 Others
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 Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Industrial
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Water-based
12.6.2 Solvent-based
12.6.3 Others
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 Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Industrial
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Water-based
13.6.2 Solvent-based
13.6.3 Others
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) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Industrial
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 Acrylics Coatings Market: Competitive Dashboard
14.2 Global Acrylics Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG
14.3.2 AkzoNobel
14.3.3 Evonik
14.3.4 DIC Corporation
14.3.5 Arkema
14.3.6 Sherwin-Williams
14.3.7 Masterbond
14.3.8 National Coatings
14.3.9 Gellner Industrial
14.3.10 Chase Electronic Coatings (HumiSeal)
14.3.11 Dow Coating
14.3.12 Lubrizol
14.3.13 Reichhold
14.3.14 General Coatings
14.3.15 Specialty Polymer Coatings
