Global Acrylic Resin Industrial Coatings Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Technology Coverage, By End-use Industry Coverage, By Geographic Coverage and By Company)
Published Date: Oct 2023 |
Format:
| No. of Pages: 180
The market size of acrylic resin industrial coatings is presently around US$17.5 Bn. By the end of 2030, the market size is expected to witness a CAGR of 6%, says the report.
AkzoNobel N.V., PPG Industries, BASF SE, Sherwin-Williams Company, Asian Paints, Kansai Paint Co. Ltd., Jotun Group, Berger Paints, and J.W. Ostendorf GmbH are some of the biggest names steering the competitive landscape of the acrylic resin industrial coatings market.
The water-borne category leads the acrylic resin industrial coatings market. In terms of end-use industry, the industrial machinery segment spearheads the market for acrylic resin industrial coatings.
Key growth drivers for this market include increasing demand for durable, weather-resistant coatings, environmental regulations favoring low VOC coatings, and the expansion of industries like construction, automotive, and aerospace that require high-performance coatings.
Technology innovations like nanotechnology and smart coatings are expected to be driving the innovation wave in this industry. To stay ahead, businesses will invest heavily in R&D, collaborate with technology providers, and monitor major industry trends to adopt new coating technologies that meet evolving market demands.