USD 18.25 Billion
Report ID:
SQMIG15E2578 |
Region:
Global |
Published Date: January, 2025
Pages:
192
|Tables:
94
|Figures:
71
Global Acrylic Surface Coating Market size was valued at USD 18.25 Billion in 2023 and is poised to grow from USD 19.19 Billion in 2024 to USD 28.34 Billion by 2032, growing at a CAGR of 5.12% in the forecast period (2025-2032).
The global acrylic surface coating market growth is expected to increase rapidly due to the increasing demand for acrylic surface coating in a wide range of industries, including automotive, home, construction, and industrial. Acrylic surface coatings are preferred because of their higher color retention, durability, and inertness, especially when exposed to harsh outside conditions. This further propels their popularity across many industries by making them perfect for applications where long-lasting performance and attractive appearance are crucial. The main drivers of the market, especially in decorative paints and finishes, are rising disposable incomes and increased urbanization. Decorative paints are expected to grow significantly because more people seek high-quality, visually appealing surface coverings for their houses.
The market will also expand due to the increase in building activities and the increasing demand for metal fabrication, furniture, and plastic coatings. Moreover, with outstanding performance and environmental characteristics, powder coatings are rapidly making inroads across the consumer goods, furniture, automotive, and architectural segments. The broad deployment of acrylic surface coatings in thousands of applications bodes well for impressive market growth prospects. For the next couple of years, the market for acrylic surface coatings is predicted to increase as increased consumer demand for durable, premium-quality coatings couples with increased industrial and building activities.
Market snapshot - (2025-2032)
Global Market Size
USD 18.25 Billion
Largest Segment
Water-Borne
Fastest Growth
Powder-Based
Growth Rate
5.12% CAGR
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The global acrylic surface coating market is segmented into substrate, technology, end-user industry, and region. By substrate, the market is divided into concrete, metal, plastic, and wood. Depending on technology, it is classified into water-borne, solvent-borne, powder-based, and other technologies. According to end-user industry, the market is categorized into building & construction, automotive, aerospace & defense, industrial, and other end-user industries. Regionally, it is studied across North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
As per the 2024 global acrylic surface coating market analysis, the concrete segment is the most used substrate in the acrylic surface coating because of its widespread use in construction and infrastructure projects. Acrylic coatings are widely applied on concrete surfaces to provide enhanced durability, weather resistance, and aesthetic appeal. This paint helps improve and prevents moisture entry into cracking paints or causing them to dry faster; therefore, it prevents damage or decays resulting from excessive ultraviolet as experienced by unpainted surfaces Enhanced increase in modernity due to increasing urbanization worldwide as infrastructure also advances thus contributing to widespread adoption of the application. Furthermore, continuous innovation in acrylic formulations tailored for concrete use, such as self-cleaning and anti-skid properties, continues to accelerate their demand in this segment.
The acrylic surface coating market is projected to witness increased growth in its metal substrate segment due to rising use in automobile, industrial, and architectural industries. Acrylic coatings on metals provide superior protection against corrosion and UV rays besides having good adhesion. Metal substrates in acrylic coatings would increase due to growth in automobile usage globally. Additionally, this industry would boost industrial and construction activities. It aligns with the environmental regulations regarding the adoption of eco-friendly powder coatings for metal surfaces, driving this segment to grow further. Enhanced product innovation toward metal surfaces is expected to grow this market due to heat-resistant and energy-efficient coatings.
Based on the 2024 global acrylic surface coating market forecast, the water-borne acrylic coating segment dominated the market. Low VOC emissions, strong observance of environmental regulations, and environmentally friendly water-borne acrylic coatings are the prime factors propelling this industry. Sustainability and health concerns are highly essential in fields such as buildings, furnishings, and automobiles. They have exceptional resistance to weathering, durability, and bonding abilities on all kinds of substrates. The trend for water-borne technology is moving ahead with more demand for greener options with increased awareness about the effects on the environment and human health. Improvements in water-borne formulations, including longer drying periods and better performance, are bringing additional benefits.
Such applications will make powder-based technology widely used in the next few years due to such benefits as its low VOC, high efficiency, and superior finishing quality. More uses of powder coating are witnessed owing to its inexpensiveness and durability, thus making it impervious to chipping compared to other coats, in industry sectors such as architecture, appliance, and auto. Manufacturers are shifting towards powder-based coatings as a sustainable alternative to conventional solvent-based methods due to the strict environmental regulations implemented globally. In addition, the segment is expanding mainly because of the development of powder-coating processes, which include improved textures and the ability to coat heat-sensitive materials.
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Due to rapid industrialization, urbanization, and construction activity in countries such as China, India, and Southeast Asia. Asia-Pacific now accounts for the major portion of the global acrylic surface coating industry. Expanding consumer goods and automotive sectors along with aesthetic demand are key driving factors of this region towards demanding high-performance coatings. Apart from this, improving disposable incomes and investments in infrastructure projects also accelerates growth in this market. Production for acrylic surface coatings is further expanded with readily available inexpensive labor and raw materials to ensure Asia-Pacific's lead position globally.
The Middle East & Africa will also expand significantly over the next years with increased construction and infrastructure undertaking, especially within the Gulf Cooperation Council countries. The efforts of governments in developing smart cities, tourism infrastructure, and urban growth are leading to demand for long-lasting and visually attractive coatings. Furthermore, acrylic surface coatings are witnessing increased demand because of investment in industrial production facilities and car assembly plants. This region is emerging as a promising sector for growth in the market due to growing awareness about sustainable solutions and development in eco-friendly coatings.
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Rising Demand from Automotive and Construction Sectors
Shifting Towards Sustainable Coatings
Raw Materials are Prone to Volatility in Terms of Price
Stringent Environmental Rules
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To stay ahead, major players are currently focusing more on innovation, sustainability, and strategic partnerships in the fiercely competitive global acrylic surface coating market. Large corporations invest in R&D to manufacture high-performance, environmentally friendly coatings that meet customer needs and regulatory issues. Market participants also merge, acquire, and expand regionally to expand their global reach and serve a variety of applications in the automotive, construction, and industrial markets.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global acrylic surface coating market will significantly grow with increasing uses of acrylic coating across automotive, construction, furniture, and consumer goods. Technological advancements of the last several decades, focusing more on innovations within waterborne and powder-based technologies, can help satisfy growing requirements for coatings to serve higher performances such as improved durability and color retention in line with improved environment friendliness. Increased levels of urbanization and improved disposable incomes drive markets especially across decorative and protective segments. However, stringent environmental regulations on solvent-based coatings and R&D expenses associated with meeting those requirements become a hurdle for the smaller players. Nevertheless, this market is expected to grow in the near future due to new developments in green solutions, improved adoption of green practices, and increasing application scope in developing countries.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 18.25 Billion |
Market size value in 2032 | USD 28.34 Billion |
Growth Rate | 5.12% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Acrylic Surface Coating Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Acrylic Surface Coating Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Acrylic Surface Coating Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Acrylic Surface Coating Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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