Cathodic Acrylic Market Trends

Segmentation Analysis:

The Cathodic Acrylic Market is segmented by End-use, Application. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on End-use the market is segmented as, The cathodic acrylic market is divided into consumer goods, manufacturing, automotive, and construction sectors. As these coatings provide both corrosion protection and external weathering as well as an exclusive selection of hues and glosses, their demand is rising across a variety of end-use sectors. For instance, there is a spiking demand for electrocoating in the industrial and construction landscape. A rise in smart city construction projects across the globe will encourage the usage of electrocoated material.
• Based on Application the market is segmented as, The cathodic acrylic market is divided into automotive parts & accessories, agricultural implements, garden equipment, heavy-duty equipment, and other equipment like marine, furniture, etc. Robust demand for automotive parts and accessories should augment the use of cathodic acrylic across electrocoating applications. Its superior UV endurance and corrosion resistance have driven its adoption in a variety of automotive applications. As the demand for electrocoating is increasing across the automotive sector, companies that specialize in cathodic acrylic are developing new products. For instance, in December 2020, Axalta Coating Systems launched a new environment-friendly and tin-free primer which can exclusively be used in automotive parts, agriculture, construction, and general industry sectors. Asia Pacific region is anticipated to account for a sizable portion of the global cathodic acrylic market share due to the presence of several end-use industries. The region is home to some of the renowned companies in the automotive, manufacturing, construction, to consumer goods sectors. Electrocoating needs in these end-use industries will drive up product demand in the region. One of the market leaders, BASF, has recently launched an acrylic dispersions production line in India. The new production line aims at serving paper, coatings, and adhesives industries across South Asia.