Acrylic Surface Coating Market Size 2021 : Worldwide Industry Demand Analysis, Trends Evaluation, Growth Strategies and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Acrylic Surface Coating Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Acrylic Surface Coating Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

As per the latest report published by Variant Market Research, Global Acrylic Surface Coating Market is estimated to reach $41.3 billion by 2024; growing at a CAGR of 6.3% from 2016 to 2024. Acrylic surface coating offers various benefits like easy application, low drying time, and eco-friendly nature which increase its applications in several end use areas. The growing investments about infrastructure expansion in emerging economies, increasing adoption from the end-use industries particularly automotive and construction, increasing demand for aesthetically attractive coatings, and rising governmental rules and regulations about green environment are predicted to generate high demand for acrylic surface coating over the forecast period. The recent trend of use of various technologies like waterborne coating, powder coating, solventborne coating in acrylic surface coating also boost the demand.

Major factors driving the global acrylic surface coating market are rising urbanization and infrastructure developments in developing nations, high adoption from the end use industries, green environment regulations. However, growing raw material prices may hamper the market growth. Furthermore, recent product invention and technological expansions to reduce environmental consequence would unfold with numerous growth opportunities in the forecasted year.

Major segments of the global acrylic surface coating market are substrate, technology, application, and geography. By substrate, the market is bifurcated into plastic, concrete, metals, and other substrates. Technology comprises waterborne, solventborne, powder, and other technologies. Moreover, application is further bifurcated into construction, automotive, general industry, furniture, and other applications.

Geographically, global acrylic surface coating market is segmented into North America, Europe, Asia Pacific, Rest of the World (RoW) North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Spain, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

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The major players competing in the market are The Dow Chemical Company, BASF SE, Axalta Coating Systems, NIPSEA Group, PPG Industries, Inc., The Valspar Corporation, The Sherwin-Williams Company, SACAL International Group Ltd., Nippon Paint Holdings Co., Ltd., and Asian Paints Limited, among others.

The key takeaways from the report
The report will provide detailed analysis of Acrylic Surface Coating Market with respect to major segments such as substrate, technology, and application

The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Acrylic Surface Coating Market has been included in the report

Profile of the key players in the Acrylic Surface Coating Market will be provided, which include key financials, product & services, new developments and business strategies

Scope of the Global Acrylic Surface Coating Market:
Substrate Segments

Plastic
Concrete
Metal
Other Substrates
Technology Segments

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Waterborne
Solventborne
Powder
Other Technologies
Application Segments

Construction
Automotive
General Industry
Furniture
Other Applications
Geographical Segments

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
RoW
South America
Middle East
Africa

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