ACRYLIC COATINGS MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Acrylic coatings can be applied over a wide range of surfaces such as wood, steel, aluminum, primers rich in zinc, concrete, piping, and others. As a result, acrylic coatings are expected to witness a high demand from coating and paint industries. Furthermore, there is a significant demand for decorative paints for application in exterior and interior walls which is driving the growth of the market. Increasing disposable income in emerging economies combined with rapid urbanization has led to a demand for aesthetically pleasing infrastructure and decorative coatings. Key players across the globe are also focusing on investments in untapped regions which is expected to benefit the overall market growth over the forecast period. Moreover, increasing number of environmentally friendly regulations by government agencies have led to industries opting for coatings containing low intensity volatile organic compounds, as a result of rising health concerns among the global population such as cancer risk and respiratory illnesses. Environmental policies have driven manufacturers to produce ecofriendly products that will not have a harsh impact on the environment and public health. Such regulations are facilitating the growth of the global acrylic coatings market.

Although, there are some limitations to waterborne coatings with regards to the weather at the time of application, and have a moderate scope of affecting the market growth. For instance, in extremely humid conditions (over 90% humidity), acrylic coatings may take longer to dry.