Acrylic coating is utilized in various end-use applications such roof coatings, wall coatings, floor coatings, and others. Wall coatings end-use application is expected to account major share in residential and commercial sectors in the global acrylic coating market. Its waterproofing and elongation properties is expected to drive demand for wall coatings in the global acrylic coating market.
The global acrylic coating market report has been segmented on the basis of type, application, and region.
On the basis of type, the global acrylic coating market has been segmented into methacrylates, acrylates & hybrids, solvency, and property (thermoplastic & thermosetting). The methacrylates segment is expected to account for the largest share in terms of revenue in the global acrylic coating market, owing to increasing demand from residential and commercial sectors. Property segment revenue is projected to register highest CAGR over the next ten years.
On the basis of application, the global acrylic coating market has been segmented into paints & coatings, construction, industrial & commercial, paper & paperboard, textiles & fibers, and adhesives. The paints & coatings segment is estimated to account for significant share in the global acrylic coating market in terms of revenue.
On the basis of region, the global acrylic coating market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Market in Asia Pacific is expected to account for major revenue share in the global track dumper market over the forecast period. Asia Pacific market is also expected to register largest CAGR in terms of revenue in next five years, owing to increasing demand for coatings from commercial and residential sectors in this region.
Key players operating in the global market include BASF SE, Dow Chemical Corporation, Arkema S.A., Air Products and Chemicals, Inc., Nippon Shokubai Co., Ltd., Formosa Plastics Corporation, Mitsubishi Chemical Holdings Corporation, DIC Corporation, Momentive Specialty Chemicals Inc., and Hitachi Chemical Co., Ltd.