ACRYLIC COATINGS MARKET ANALYSIS

Regional Analysis

Market Outlook

Asia Pacific has accounted for the highest market share in the past few years, and the trend is likely to continue over the forecast period owing to an industrial boom in the region. Rapidly expanding end use industries such as automotive, construction, and metal in emerging economies such as China and India are contributing to the demand for acrylic coatings in Asia Pacific. Furthermore, the growing gross domestic product and disposable income of the population in this region is expected to benefit the market growth in the upcoming years. Europe is expected to be the second largest market for acrylic coatings, and is likely to witness significant growth, particularly in the wood substrate acrylic coating segment. The North America market is expected to grow at a steady rate following the economic slump in 2009. Other regions such as Latin America and Africa are also projected to contribute to the market share as a result of increasing urbanization and industrialization in the regions.

Geographies Covered