Global Acrylic Coatings Business Report 2023-2030: Market Sees Rapid Growth, Fueled by Construction and Automotive Industries
Wednesday, December 13, 2023
DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "Acrylic Coatings - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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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