Acrylic Surface Coating Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Technology (Water-borne, Solvent-borne, Powder-based, and Other Technologies), End-user Industry (Building and Construction, Automotive, Aerospace and Defense, Industrial, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East & Africa)

Market Snapshot

Market sumary - Acrylic Surface  Coatings Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The global market for acrylic surface coating is expected to register a CAGR of over 4%, during the forecast period. Increasing applications in architectural coatings are expected to drive the market growth. On the flip side, the slowdown in global automotive production is expected to hinder the growth of the market.

  • The acrylic surface coating market is expected to grow during the forecast period, owing to the increasing demand from the building and construction setor. 
  • The Asia-Pacific region dominates the global market, with the major consumption being registered in China, India, and Japan.

Scope of the Report

The acrylic surface coating market report includes:

Application
Water-borne
Solvent-borne
Powder-based
Other Applications
End-user Industry
Building and Construction
Residential
Non-residential
Automotive
Aerospace
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Growing Demand from the Building and Construction Sector

  • Acrylic surface coatings are widely used in the building and construction sector, because of their inertness and excellent color retention when exposed to outdoor conditions. Acrylics are available in various forms such as emulsions (latex), lacquers, enamels, and powders.
  • The chief component of acrylic polymers are acrylic and methacrylic acid which provide a polymer structure that has little tendency to absorb UV light, which increases its resistance to weathering and oxidation than oil-based paints, alkyds, or epoxies due to which its application has increased in buildings & construction sector.
  • The Indian government has announced an investment worth USD 31,650 billion for the construction of 100 cities, under the smart cities plan. 100 smart cities and 500 cities are likely to invite investments worth INR 2 trillion (~USD 28.18 billion), over the coming five years creating scope for the application of these acrylic surface coatings.
  • Building & Construction industry leads in the utilization of acrylic surface coatings with China, Germany, United States, India, Japan playing a major role in the market.
Acrylic Surface Coating Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for acrylic surface coatings during the forecast period. In countries, like China, India, and Japan, because of the growing building and construction sector, the demand for acrylic surface coatings has been increasing.
  • The largest producers of acrylic surface coatings are located in the Asia-Pacific region. Some of the leading companies engaged in the production of acrylic surface coatings are Asian Paints, Berger Paints India Limited, Akzo Nobel NV, Jotun, and Sika AG.
  • The Chinese government has rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities, over the next ten years creating a major scope for acrylic surface coatings market over the coming years.
  • Acrylic surface coatings are used as protective coatings in aerospace applications other than paints, and in fabric and leather finishes, floor polishes, paper coatings.
  • The aforementioned factors coupled with government support are contributing to the increasing demand for acrylicsurface coatings market during the forecast period.
Acrylic Surface Coating Market Regional Trends

Competitive Landscape

The global acrylic surface coating market is partially fragmented, with the major players accounting for a marginal portion of the industry. Some of the major companies operating in the market are Asian Paints, Berger Paints India Limited, Akzo Nobel NV, Jotun, and Sika AG.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Application in Architectural Coatings

      2. 4.1.2 Rapidly Growing Application in the Automotive Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Water-borne

      2. 5.1.2 Solvent-borne

      3. 5.1.3 Powder-based

      4. 5.1.4 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

        1. 5.2.1.1 Residential

        2. 5.2.1.2 Non-residential

      2. 5.2.2 Automotive

      3. 5.2.3 Aerospace

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Akzo Nobel NV

      3. 6.4.3 Arkema Group

      4. 6.4.4 Asian Paints

      5. 6.4.5 BASF SE

      6. 6.4.6 Berger Paints India Limited

      7. 6.4.7 Dow

      8. 6.4.8 Jotun

      9. 6.4.9 PPG Industries Inc.

      10. 6.4.10 Sika AG

      11. 6.4.11 Solvay

      12. 6.4.12 The Sherwin-Williams Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Bio-based Acrylic Coatings

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Acrylic Surface Coating Market market is studied from 2016 - 2026.

The Acrylic Surface Coating Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Berger Paints India Limited , Akzo Nobel N.V , Jotun, Sika AG , Asian Paints are the major companies operating in Acrylic Surface Coating Market.

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