Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global waterborne acrylic coatings Market was valued at USD 41.7 billion in 2016 and is expected to grow at 5.77% CAGR to reach USD 61.3 billion by the end of 2023. Waterborne acrylic coatings are gaining traction across the global owing to its various advantages over solvent borne coatings such as good resistance to heat and abrasion, low flammability, and excellent adhesion among others. Moreover, less amount of coating material is required for the surface treatment of a desired surface as compared to solvent based coatings. Besides, the environmental feasibility of waterborne acrylic coatings over the solvent based coatings, which is highly regulated and restricted in the developed markets will be a significant factor driving the market for global waterborne acrylic coatings.
Although known as architectural coatings, waterborne acrylic coatings has moved into all sorts of applications such as general industry, automotive, and packaging among others. Over the course of time developing regions witnessed significant industrialization. The globally renowned manufacturers are targeting developing markets for expansion in order to tap the opportunities offered by developing markets. Moreover, the availability of cheap labor and easy availability of raw materials in the developing markets are some of the other factors supporting the paradigm shift. However, the resultant industrialization has propelled the emissions jeopardizing the environment. Coatings being an integral part in construction sector and other process industries contribute significantly to pollution caused by traditional coatings used across these industries. Hence, the need for eco-friendly low VOCs coating is identified as the major market impetus factor driving the overall demand for waterborne acrylic coatings market.
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- The Dow Chemical Company,
- PPG Industries,
- BASF SE,
- DIC Corporation,
- Nippon Paints Limited
- Axalta Coating Systems among others.
The global waterborne acrylic coating market is segmented on the basis of applications, end use and region. On the basis of applications, global waterborne acrylic coating market is segmented into construction material, architectural wood, automotive OEM, automotive aftermarket, metal packing, and protective coatings among others. Based on the end use industry, the global waterborne acrylic coatings market is divided into building & construction, automotive, woodworking, packaging, and general industries among others.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Waterborne Acrylic Coatings Market Research Report- Forecast to 2023”
Considering the global industrialization and urbanization rates, the construction activities across the globe is also increasing. Also, the housing markets in the developed regions such as North America and Europe is regaining its pace after the economic slowdown that had an adverse effect on the housing markets of the respective regions. Furthermore, automotive production has also surged in the recent past owing to declined crude oil prices. Pickup trucks and SUV sales hit historic high in the North America. Collectively, the above mentioned factors has pulsated the demand for coatings. With increasing legislations on emissions of VOCs, sustainable coatings is the need of the hour, which in turn is propelling the demand for waterborne acrylic coatings owing to its environmental feasibility as well as enhanced performance over solvent based coatings.
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Table of Content
1 Report Prologue 12
2 Scope Of The Report 13
2.1 Market Definition 13
2.2 Scope Of The Study 13
2.2.1 Research Objectives 13
2.2.2 Assumptions 14
2.2.3 Limitations 14
2.3 Market Structure 14
3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19
4 Market Dynamics 20
List of Tables
Table 1 Impact Analysis: Drivers 21
Table 2 Global Waterborne Acrylic Coating Market, By Application, 2015-2023 (Usd Billion) 31
Table 3 Global Waterborne Acrylic Coating Market, By Application, 2015-2023 (Million Tons) 32
Table 4 Global Waterborne Acrylic Coating Market For Construction Material, By Application, 2015-2023 (Usd Billion) 33
Table 5 Global Waterborne Acrylic Coating Market For Construction Material, By Application, 2015-2023 (Million Tons) 34
Table 6 Global Waterborne Acrylic Coating Market For Architectural Wood, By Application, 2015-2023 (Usd Billion) 35
List of Figures
Figure 1 Top Down & Bottomup Approach 18
Figure 2 Forecast Model 19
Figure 3 Drivers, Restraints, Opportunities, And Trends Of Global Waterborne Acrylic Coating Market 21
Figure 4 Urban Population Growth (2015-2023) 22
Figure 5 Automotive Production (2015-2023) 23
Figure 6 Restraints: Impact Analysis 24
Figure 7 Trends & Opportunities: Impact Analysis 25
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