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

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 sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and trademarked research platformComplimentary updates for one yearAccess 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 ApplicationsIncreasing Popularity of Metal Building Systems Drive Demand for Acrylic Elastomeric Roof CoatingsRecovery of Construction Sector to Drive GainsGlobal Construction Spending (In US$ Trillion) for the Years 2019 -2022World Architectural Coatings Market by Resin Type (2021 & 2027): Percentage Breakdown of Sales for Acrylic, Alkyd, Epoxy, and Other Resin TypesSustainability in Coatings Domain: Key DriverWaterborne Acrylic Resins: Advances Galvanize General ApplicationsGrowth in Demand for Furniture to Sustain Demand for Acrylic CoatingsGLOBAL Wooden Furniture Market in US$ billion: 2016, 2018, 2020, 2022, 2024, and 2026Impact of COVID-19 Pandemic on Furniture IndustryResurgence in Automotive Industry to Propel DemandWorld Automobile Production in Million Units: 2008-2022Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019Augmented Demand for High-Performance Coatings to Boost Market GrowthAcrylics Remain a Popular Choice in Road Surface Markings and Traffic PaintsWorld Market for Road Marking Materials in US$ Billion for Years 2020, 2022, 2024, and 2026Acrylics Increasingly Replace Epoxy Resins in Can CoatingsWorld Can Coatings Market by Type (2021 & 2027): Percentage Breakdown of Sales for Epoxy, Acrylic, Polyester, and Other TypesStringent Government Regulations Driving Demand for Environment-Friendly CoatingsIncreasing Output of Hydrophobic Pure Acrylics Benefits MarketNanotechnology Adds Fascinating Dimensions to Performance of Standard CoatingsRapid Urbanization to Drive Demand ProspectsIncreasing Middle Class Population Worldwide Spurs Market Growth

FOCUS ON SELECT PLAYERS (Total 232 Featured)

BASF SEAkzo Nobel NVAsian Paints Ltd.Axalta Coating Systems LLCBenjamin Moore & Co., Inc.Berger Paints India Ltd.Allnex Belgium SA/NVAPV Engineered CoatingsAdex Systems Inc.Boero Bartolomeo SpAAce Anodizing & Impregnating, Inc.ACG IndustrieAexcel CorporationBehr Paint CompanyAldo Products Company

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

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