Industry Background:
Acrylic topcoat is an acrylic based finish with alkaline and weathering resistance. It are often used for adornment of concrete, plastered walls, asbestos, also as top coat for water based textured coating. The topcoat are water-based satin varnish that's 100% acrylic designed to seal, protect, and beautify wood and similar surfaces. It is a non-yellowing finish with no harmful solvents or odors. When completely dry, provides a very hard, durable finish that is resistant to most household chemicals. The Acrylic topcoat are used on most interior wood surfaces such as doors, wood trim, cabinets, paneling, picture frames, furniture, also for coatings on automotive and other. It may even be used as a transparent coating over most sorts of wall-covering.This growth is primarily driven by Need for Protective Coatings on Products Used in Various Applications
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Specialty Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as RPM International Inc. (United States), AkzoNobel (Netherlands), PPG Industries (United States), Nippon Paint (Japan), Sherwin-Williams (United States), BASF (Germany), Axalta (United States), Carpoly (China), Kansai Altan Paint Industry and Trade Inc. (Turkey), Jotun (Norway), KCC Corporation (South Korea), Hempel (Denmark) and Chugoku Marine Paints (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2022, PPG Completes the Acquisition of Arsonsisi’s Powder Coatings Manufacturing Business, an industrial coatings company based in Milan, Italy. Financial terms were not disclosed. The transaction will provide PPG with a highly automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy. PPG will also now have metallic bonding capabilities in the Europe, Middle East, and Africa (EMEA) region.
In June 2023, PPG to announce the launch of PPG ENVIRO-PRIME EPIC 200R coatings, a suite of electrocoating (e-coat). a new range of sustainable electro coat (e-coat) products that dry at lower temperatures. Specifically developed for automotive manufacturers, the new coatings allow producers to reduce CO2 emissions and minimize the energy consumption of the lines.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Formulation of Coating Systems That Contain Zero VOCs and Hazardous Air Pollutants (HAPs) for the Zero-VOC and The popularity of Polyurethane Coatings Systems in Waterproofing Coating
Market Growth Drivers:
Need for Protective Coatings on Products Used in Various Applications and Demand for Durability and Sustainability in the Products
Challenges:
Delaying Process of Natural Breathing of Concrete Due to the Use of Polyurethane based Waterproofing Coating
Restraints:
Environmental Concerns Associated with Use of Various Coating
Opportunities:
Growing Demand for Waterproofing Coating in Residential Applications
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Acrylic Topcoat Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Acrylic Topcoat Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Acrylic Topcoat players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Acrylic Topcoat Study Sheds Light on
The Acrylic Topcoat Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Acrylic Topcoat industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Acrylic Topcoat industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.