Acrylic Protective Coating Market

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Acrylic Protective Coating MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Acrylic Protective Coating MARKET 2020
Acrylic Protective Coating Market 2020 Industry
Survey, Growth, CompetitiveLandscape and
Forecasts to 2023
Acrylic Coating in generally applied on the
surface of an object to serve protectoral,
decorative, or an operational purpose. The end
products or an object coated with Acrylic
Protective Coatings offer an excellent gloss,
finish, and clarity, along with greater weather
ability and superior hardness. The Acrylic
Protective Coatings exhibit number beneficial
properties including impact resistance, chemical
inertness, and strong adhesion. The product add
value into an object or a substrate, which
includes increased life span and durability.
Acrylic Protective Coating has successfully
penetrated into vast number of industries such as
building construction, oil gas, automotive,
marine, aerospace, mining, industrial, and energy
sector. The Global Protective Coating Market is
growing at significantly higher CAGR to reach
nearly USD 23 billion by 2023, which is
anticipated to fuel the demand of acrylic
protective coating. Surge in use of paints
coatings in last decade is the major factor
driving demand of the product, which accounts for
nearly 25 share of the global paints coating
market.
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Acrylic Protective Coating MARKET 2020
Market Segmentation The Global Acrylic
Protective Coating Market has been segmented on
the basis of product type, end use industry and
region. On the basis of product type, the market
is divided into, thermoplastic waterborne acrylic
latex, thermosetting acrylic coating, waterborne
thermosetting enamels. Among these types,
waterborne thermosetting enamel is holding major
share of overall demand of acrylic protective
coatings. Waterborne thermosetting enamels are
applied to automobiles, containers, aluminum and
steel coil, and machinery and equipment. The
major factor favoring the growth of this type in
the market is growing environmental concern. The
waterborne thermosetting acrylic coating is
majorly used as a basecoat in automotive
industry, wherein it accounts for more than 50
of the overall automotive basecoat. In North
America, vast number of plants now use waterborne
basecoats, and in Germany, which accounts for
about 45 of total vehicle production in Europe,
waterborne basecoats account for about 85 of the
total basecoat market. Collectively, the
waterborne thermosetting acrylic enamel is
projected to grow at highest CAGR during the
forecast period. Thermosetting acrylic latex is
also an important type of Acrylic Coating which
is mainly used in object finishes in industrial
equipment. Growth of industrialization in
developing countries is an important driving
factor for this type of Acrylic Coating. Lastly,
the thermoplastic waterborne acrylic latex (or
emulsion) coatings are generally used as
architectural finishes and, to a much lesser
extent, on factory-finished wood products. In
addition to these types, the solvent borne
formulations are also find significant
applications in automotive and light-truck
topcoats and as container and machinery coatings
in number of industries. Enquiry of the Report
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Acrylic Protective Coating MARKET 2020
Regional Analysis
The Global Acrylic Protective Coating Market is
geographically divided into five key regions
which are Asia Pacific, North America, Europe,
Latin America, and Middle East Africa. Asia
Pacific is the leading region among them owing to
the increasing demand from building
construction, automotive, and wind energy sector
in this region. Countries namely India, China,
and Japan are leading markets in this region
owing to the growth in demand from major end use
industries such as marine, automotive, and
building construction in these countries. North
America is the second most significant region in
the Global Acrylic Protective Coating Market.
U.S. is the major contributor in this region due
to the presence of well-established and leading
end use industries such as marine, defense,
aerospace and sports industry. Europe is another
substantial region in the Global Acrylic
Protective Coating Market. The major markets in
this region are Germany, U.K., France and Italy,
where there is a growing demand of Acrylic
Protective Coatings by automobile industry. Latin
America is witnessing rise in industrialization
along with the pacifying political and economic
scenario in Brazil and Colombia.
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Acrylic Protective Coating MARKET 2020
Application Major Players in this Research
Acrylic Protective Coating Market Prominent
Players Key players in the Global Acrylic
Protective Coating Market are ., PPG Industries
(U.S.), Arkema SA (France), Wacker Chemie AG
(Germany), SIKA AG (Switzerland), RPM
International Inc. (U.S.), The Valspar
Corporation (U.S.), Axalta Coating Systems
(U.S.), HEMPEL A/S (Denmark), B.M. REAL
INTERNATIONAL (Romania), Dunn-Edwards Corporation
(U.S.), and others.
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