Global Acrylic Coatings Business Report 2023-2030: Market Sees Rapid Growth, Fueled by Construction and Automotive Industries

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Dec 05, 2023, 12:15 ET

DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Acrylic Coatings - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Acrylic Coatings Market to Reach $50.4 Billion by 2030

The global market for Acrylic Coatings estimated at US$34.3 Billion in the year 2022, is projected to reach a revised size of US$50.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Water-borne, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$18.1 Billion by the end of the analysis period. Growth in the Solvent-Borne segment is estimated at 5.1% CAGR for the next 8-year period.

The report discusses the impact of the COVID-19 pandemic on the coatings industry and its subsequent recovery. It highlights the challenges faced by the industry, including shortages, price hikes, and delays. It also presents the global key competitors' percentage market share in 2022 for acrylic coatings and categorizes the competitive market presence of players worldwide as strong, active, niche, or trivial.

The report offers an overview of the acrylic coatings market, emphasizing their increasing uptake in diverse applications. It provides insights into the market outlook, with a focus on the growth of water-based coatings. Additionally, recent market activity related to acrylic coatings is covered.

The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 6.9% CAGR

The Acrylic Coatings market in the U.S. is estimated at US$7.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$15.2 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Acrylic Surface Coatings Experience Widespread Use in Construction Applications
Increasing Popularity of Metal Building Systems Drive Demand for Acrylic Elastomeric Roof Coatings
Recovery of Construction Sector to Drive Gains
Global Construction Spending (In US$ Trillion) for the Years 2019 -2022
World Architectural Coatings Market by Resin Type (2021 & 2027): Percentage Breakdown of Sales for Acrylic, Alkyd, Epoxy, and Other Resin Types
Sustainability in Coatings Domain: Key Driver
Waterborne Acrylic Resins: Advances Galvanize General Applications
Growth in Demand for Furniture to Sustain Demand for Acrylic Coatings
GLOBAL Wooden Furniture Market in US$ billion: 2016, 2018, 2020, 2022, 2024, and 2026
Impact of COVID-19 Pandemic on Furniture Industry
Resurgence in Automotive Industry to Propel Demand
World Automobile Production in Million Units: 2008-2022
Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
Augmented Demand for High-Performance Coatings to Boost Market Growth
Acrylics Remain a Popular Choice in Road Surface Markings and Traffic Paints
World Market for Road Marking Materials in US$ Billion for Years 2020, 2022, 2024, and 2026
Acrylics Increasingly Replace Epoxy Resins in Can Coatings
World Can Coatings Market by Type (2021 & 2027): Percentage Breakdown of Sales for Epoxy, Acrylic, Polyester, and Other Types
Stringent Government Regulations Driving Demand for Environment-Friendly Coatings
Increasing Output of Hydrophobic Pure Acrylics Benefits Market
Nanotechnology Adds Fascinating Dimensions to Performance of Standard Coatings
Rapid Urbanization to Drive Demand Prospects
Increasing Middle Class Population Worldwide Spurs Market Growth

FOCUS ON SELECT PLAYERS (Total 232 Featured)

BASF SE
Akzo Nobel NV
Asian Paints Ltd.
Axalta Coating Systems LLC
Benjamin Moore & Co., Inc.
Berger Paints India Ltd.
Allnex Belgium SA/NV
APV Engineered Coatings
Adex Systems Inc.
Boero Bartolomeo SpA
Ace Anodizing & Impregnating, Inc.
ACG Industrie
Aexcel Corporation
Behr Paint Company
Aldo Products Company

For more information about this report visit https://www.researchandmarkets.com/r/veevvp

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