Global Acrylic Protective Coating Market by Type (Thermoplastic Waterborne Acrylic Latex, Thermosetting Acrylic Coating, Waterborne Thermosetting Enamels), by End Use Industry (Building & Construction, Industrial, Automotive, Aerospace, Marine, and Others) and by Region till 2023
Pune, India -- (SBWIRE) -- 03/28/2018 -- The major regions in the Global Acrylic Protective Coating Market are Asia Pacific, North America, and Europe. Other regions are Latin America and Middle East & Africa. Among the major regions, Asia Pacific is the largest shareholder in terms of size of the Global Acrylic Protective Coating Market. It holds more than 45% of market size of the Global Acrylic Protective Coating Market. China and India are leading markets in the region. The developing countries in this region are rapidly taking up the infrastructure development activities, which is the main driver of growth in the regional market. The government initiative to provide affordable housing to all and rapid growth in physical and social infrastructure, undertaken by Indian government is expected to help push the growth of regional market. In addition to the public investment in physical infrastructure, there is a growing need of housing for increasing population which would further push the demand of acrylic protective coating in this region. Apart from construction industry, the automobile industry is also flourishing in this region. India and Japan are pulling in maximum demand of Acrylic Protective Coating for established automobile industry in these countries. The emerging economies namely, India, Myanmar, and Indonesia are heavily investing in marine industry, wherein there is a growing demand of the product due to its resistance to chemical and salt water.
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North America is following Asia Pacific in terms of market size of the Global Acrylic Protective Coating Market. U.S. and Canada are holding major share in the regional acrylic protective coating market. The mature economies in this region are taking up the reconstruction activities to further develop its existing physical infrastructure in a bid achieve sustainability. This, in turn, is driving the demand of Acrylic Protective Coating forward in this region. Apart from construction industry the second most significant industry in this region is automobile and transportation. In transportation sector the maximum demand of acrylic protective coating is pushed by aerospace industry. Europe is another significant region in the Global Acrylic Protective Coating Market owing to the presence of major end use industries such as automotive and other miscellaneous industries. The substantial end use industry in this region is automobile industry. The use of Acrylic Protective Coating for making interior and exterior basecoat in high end luxury cars is the main driver of market in this region. Germany, France, and Italy are the major contributors in the regional Acrylic Protective Coating Market. Increasing standard of living of people around the world is responsible for growing demand of luxury cars. This factor may help the regional Acrylic Protective Coating Market to grow further. Other regions in the Global Acrylic Protective Coating Market are Middle East & Africa and Latin America. Latin America is anticipated to gain momentum during the forecast period due to the steady rise in industrialization mingled with reviving economic condition of Brazil and Argentina.
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.)
The Global Acrylic Protective Coating Market is segmented on the basis of type, end use, and region. Based on type the market is divided into thermoplastic waterborne acrylic latex, thermosetting acrylic coating, and waterborne thermosetting enamels. On the basis of end use industry the Global Acrylic Protective Coating Market is segmented into building & construction, industrial, automotive, aerospace, marine, and others. Geographically, there are five major regions in which the market is divided. It includes, Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
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