The rising demand
for decorative paints is one of the biggest factors propelling the need for
acrylic surface coatings across the world. Acrylic coatings are extensively
used in exterior and interior walls, furniture, automotive, and several other
applications. In many countries, the soaring disposable income of people,
large-scale urbanization, and infrastructural development activities, on
account of the rising government incentives and initiatives, are significantly
boosting the demand for aesthetically appealing decorative coatings.
Get a sample copy of this market report: https://www.psmarketresearch.com/market-analysis/acrylic-surface-coatings-market/report-sample
The other important
factor pushing the demand for acrylic coatings is the rising environmental
concerns raised over the widespread usage of paints and coatings consisting of
highly volatile organic compounds (VOC). In addition to this, the several
harmful effects of these volatile compounds such as cancer and respiratory
illness have further bolstered the demand for coatings containing lower levels
of VOCs, such as acrylic coatings. Moreover, the governments of many countries
have enacted policies for reducing the usage of coatings containing high VOCs
and this is massively augmenting the adoption of acrylic coatings throughout
the world.
Driven by the
above-mentioned factors, the global acrylic surface coating market is
expected to witness tremendous growth over the next few years. Acrylic surface
coatings are used in the construction, automotive, furniture, and industrial
applications. Out of these, the construction sector registered significant
usage of acrylic surface coatings in the last few years and this trend is
expected to continue in future as well. The most common types of acrylic coatings
available in the market are solvent-borne, water-borne, and powder coatings.
Globally, the
Asia-Pacific (APAC) region registered large-scale utilization of acrylic
surface coatings over the last few years and it is also expected to observe a
similar trend in the coming years. It is predicted by many industry experts
that the usage of acrylic surface coatings will increase at a rapid rate in the
APAC region in future. This is mainly attributed to the soaring government
investments and initiatives in many countries for infrastructural development
projects, flourishing automotive industry, ballooning adoption of eco-friendly
coatings, and the increasing purchasing power of the people, in the region.
The acrylic surface
coatings are produced in such a way that they can be used in multiple
applications in the paint and coatings industry. Due to escalating construction
and infrastructural development activities all around the globe, especially in
the developing countries of APAC, such as China and India, because of the huge
amounts of government investments, the paints and coatings industry will
observe unparalleled growth across the world and this will create numerous
growth opportunities for the acrylic surface coating market in the
coming years.
Thus, it is clear
that due to the thriving paints and coatings industry and the increasing number
of construction activities, the demand for acrylic surface coatings will
shoot-up across the world in the coming years.