Acrylic Surface Coating Market Report 2024

This Acrylic Surface Coating market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The acrylic surface coating market size has grown strongly in recent years. It will grow from $27.15 billion in 2023 to $29.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth during the historical period can be attributed to the rising demand from the construction sector, an increase in automotive production, expanding infrastructure development, higher disposable incomes, and a growing need for protective coatings.

The acrylic surface coating market size is expected to see strong growth in the next few years. It will grow to $38.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth during the forecast period can be attributed to the rise in green building practices, increasing demand for smart coatings, heightened demand from emerging economies, a growth in refurbishment and renovation activities, and a rising interest in energy-efficient buildings. Key trends expected in this period include a shift towards water-based acrylic coatings, the integration of nanotechnology into surface coatings, the development of hybrid acrylic coatings, advancements in bio-based acrylic coatings, and improvements in coating technology.

The increasing demand in the building and construction sector is expected to drive the growth of the acrylic surface coating market in the coming years. Building and construction encompass the processes involved in creating and assembling various structures, including residential, commercial, and infrastructure projects. This demand is fueled by urbanization, population growth, and the need for infrastructure development, which lead to significant investments in residential, commercial, and industrial projects. Acrylic surface coatings are utilized in building and construction to provide durable, weather-resistant finishes that enhance both the appearance and longevity of surfaces. For example, a report from the Office for National Statistics, a UK-based governmental body, indicated that total annual construction output increased by 5.6% in 2022 compared to 2021, following a record rise of 12.8% in 2021. Thus, the growing demand in the building and construction sector is set to propel the acrylic surface coating market.

Leading companies in the acrylic surface coating market are concentrating on creating innovative products, such as acrylic paints, to offer an eco-friendly and sustainable alternative for artists and crafters, while also minimizing waste and environmental impact. Acrylic paints are a type of acrylic surface coating composed of pigments suspended in an acrylic polymer emulsion that acts as the binder. For instance, in April 2024, Decoart, a US-based manufacturer of acrylic paints and specialty finishes, launched DecoEARTH. This all-purpose acrylic paint is made with 70% recycled materials, specifically formulated from reclaimed house paint that would otherwise be discarded in landfills. It provides artists and crafters with a sustainable option featuring 27 mixable colors, a premium matte finish, and excellent coverage on various surfaces such as canvas, wood, and metal. The paint adheres smoothly, offers a buttery consistency for easy application, and its water-based formulation ensures effortless cleanup while being non-toxic and environmentally friendly, making it appealing to both art educators and hobbyists seeking high-quality, eco-conscious materials.

In April 2022, Sherwin-Williams Company, a US-based manufacturer of paints and coatings, acquired the European industrial coatings business of Sika AG for an undisclosed sum. This acquisition aims to enhance Sherwin-Williams' technology and manufacturing capabilities, align with its strategy of acquiring complementary businesses, and drive growth and profitability by expanding its market presence in the industrial coatings sector throughout Europe and beyond. Sika AG is a Switzerland-based producer and seller of acrylic surface coatings.

Major companies operating in the acrylic surface coating market are BASF SE, 3M Company, The Sherwin-Williams Company, PPG Industries Inc., Arkema S.A., Sika AG, Nippon Paint Holdings Co Ltd, RPM International Inc., Asian Paints Ltd., Jotun A/S, Axalta Coating Systems LLC, Berger Paints India Ltd., Lawson Products Inc., Benjamin Moore & Co, Rust-Oleum Corporation, Dunn-Edwards Corporation, Brillux GmbH & Co KG, Hempel A/S, Carboline Company, Krylon Products Group, Resene Paints, Dulux Paints.

Asia-Pacific was the largest region in the acrylic surface coating market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the acrylic surface coating marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the acrylic surface coating marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An acrylic surface coating is a protective layer made from acrylic polymers, designed to enhance the durability and appearance of various surfaces. These coatings are widely utilized across different applications due to their excellent adhesion, durability, and resistance to environmental factors such as UV light, moisture, and chemicals. Their versatility and protective properties make acrylic surface coatings highly sought after in numerous industries.

The primary types of acrylic surface coatings include waterborne coatings, solventborne coatings, and powder coatings. Water-based acrylic coatings use water as the main solvent, making them environmentally friendly and low in volatile organic compounds (VOCs). They are applied to materials such as concrete, plastic, and metals, serving a range of end-user industries including building and construction, automotive and transportation, furniture, aerospace and defense, electrical and electronics, marine, and more.

The acrylic surface coating market research report is one of a series of new reports that provides acrylic surface coating market statistics, including acrylic surface coating industry global market size, regional shares, competitors with a acrylic surface coating market share, detailed acrylic surface coating market segments, market trends and opportunities, and any further data you may need to thrive in the acrylic surface coating industry. This acrylic surface coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The acrylic surface coating market consists of sales of clear coats, primers, acrylic paints, sealants, textured coatings and floor coatings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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