Acrylic Surface Coating Market Size (2024 - 2029)

The acrylic surface coating market is projected to experience growth during the forecast period, driven by rising demand in the building and construction sector. However, the market's expansion may be challenged by a slowdown in global automotive production. The Asia-Pacific region leads in market consumption, with significant activity in China, India, and Japan.

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Market Size of Acrylic Surface Coating Industry

Acrylic Surface Coating Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 19.19 Billion
Market Size (2029) USD 24.64 Billion
CAGR (2024 - 2029) 5.12 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Acrylic Surface Coating Market Major Players

*Disclaimer: Major Players sorted in no particular order

Acrylic Surface Coating Market Analysis

The Acrylic Surface Coating Market size is estimated at USD 19.19 billion in 2024, and is expected to reach USD 24.64 billion by 2029, growing at a CAGR of 5.12% during the forecast period (2024-2029).

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.

Acrylic Surface Coating Industry Segmentation

The acrylic surface coating is mostly used for anti-slip applications, and because of the elasticity of these coatings, they do not fracture in different end-use applications. The acrylic surface coatings market is segmented by technology, end-user industry, and geography. The market is segmented by technology into water-borne, solvent-borne, powder-based, and other technologies. The market is segmented into building and construction, automotive, aerospace and defense, industrial, and other end-user industries by end-user industry. The report also covers the market size and forecasts for the acrylic surface coatings market in 15 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD).

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 and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Acrylic Surface Coating Market Size Summary

The acrylic surface coating market is poised for growth, driven by increasing demand from the building and construction sector. These coatings are favored for their inertness and excellent color retention, making them ideal for outdoor applications. The Asia-Pacific region, particularly China, India, and Japan, dominates the market due to the robust construction activities in these countries. The region's growth is further supported by government initiatives and infrastructure development plans, such as China's 14th Five-Year Plan and India's Smart Cities project. These factors contribute to the rising demand for acrylic surface coatings, which are also used in various forms like emulsions, lacquers, enamels, and powders.

Despite the positive outlook, the market faces challenges from the slowdown in global automotive production, which could hinder growth. However, the building and construction industry remains the leading consumer of acrylic surface coatings, with significant contributions from countries like China, Germany, the United States, India, and Japan. The market is partially fragmented, with major players such as Asian Paints, Berger Paints India Limited, Akzo Nobel NV, Jotun, and Sika AG playing a crucial role. These companies continue to innovate and expand their capabilities, as seen with AkzoNobel's establishment of a global R&D center in the UK. Overall, the acrylic surface coating market is expected to experience steady growth, supported by ongoing infrastructure projects and government policies.

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Acrylic Surface Coating Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Application in Architectural Coatings

      2. 1.1.2 Rapidly Growing Application in the Automotive Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Related to Lower VOC

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Application

      1. 2.1.1 Water-borne

      2. 2.1.2 Solvent-borne

      3. 2.1.3 Powder-based

      4. 2.1.4 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

        1. 2.2.1.1 Residential

        2. 2.2.1.2 Non-residential

      2. 2.2.2 Automotive

      3. 2.2.3 Aerospace

      4. 2.2.4 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Acrylic Surface Coating Market Size FAQs

The Acrylic Surface Coating Market size is expected to reach USD 19.19 billion in 2024 and grow at a CAGR of 5.12% to reach USD 24.64 billion by 2029.

In 2024, the Acrylic Surface Coating Market size is expected to reach USD 19.19 billion.

Acrylic Surface Coating Market Report Snapshots

Acrylic Surface Coating Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)