Acrylic Resin Industrial Coatings Market Size, Trends, and Insights By Type (Water-based, Solvent-based, Others), By Application (Paints and Coatings, Adhesive and Sealants, Others), By End Use (Building and Construction, Automotive, Electronics, Packaging, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI22233

Published Date: January 2023

Pages: 220+

Category: Chemicals And Materials

Report Snapshot

CAGR: 5.8%
17.89B
2021
19.11B
2022
28.95B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • BASF SE
  • The Dow Chemical Company
  • Arkema S.A.
  • Air Products And Chemicals Inc
  • Others

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Reports Description

According to Custom Market Insights (CMI), the Global Acrylic Resin Industrial Coatings Market size was estimated at USD 17.89 Billion in 2021 and is expected to reach USD 19.11 billion in 2022 and is expected to hit around USD 28.95 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030.

Acrylic resin industrial coatings are thermoplastic or thermosetting polymers. It is obtained by acrylic and methacrylic ester monomer. It possesses properties such as resistance to photochemical, gloss retention, and high adhesion. In addition, it is less toxic, has low flammability, and has low VOC content owing to which it finds applications in various end-use industries including automotive, building and construction, transportation, electrical, medical, consumer goods, and others.

Growth Factors.

The growing use of acrylic resin industrial coatings in paints and coatings will aid the market growth

Increasing demand from the architecture sector acts as one of the key factors responsible for the growth of the global acrylic resin industrial coatings market. Acrylic resin industrial coatings are preferred over conventional coating materials due to their low volatile organic content, low toxicity, resistance to abrasion, and water retention capacity. Acrylic coatings are extensively used in the building infrastructure for roof and wall coatings along with interior and exterior protecting coating applications. According to an article published by the India Brand Equity Foundation paint market is expected to grow 20% annually in the next two years. These factors are anticipated to increase the demand for acrylic resin coatings in the paints and coatings sector.

Furthermore, the growing trend of renovation activities based on modern theme infrastructure has surged the popularity of DIY projects, where acrylic resin is used to make up slip-resistant versatile, and aesthetically pleasing floors and walls. This factor is anticipated to increase the potential sales of acrylic resin industrial coatings; thus, offering the most lucrative opportunities for the market to grow.

Acrylic resin industrial coatings market Segmentation.

Acrylic resin industrial coatings market, segmented by Type

Depending upon the types, the acrylic resin industrial coatings market is segmented into water-based, solvent-based, and others.

The water-based resin type segment dominated the market in 2021 and accounted for 28.56% of the total market share. Water-based acrylic resins are extensively used in building materials, automotive, electronics, medical devices, and households. In addition, the growing global population, and rise in building and construction activities have spurred the water-based acrylic resin coatings which it is used in the interior and exterior of the building as a protecting material. Excellent durability, less drying time, and cost-effective properties make them ideal coating components. These factors are escalating the demand for water-based acrylic resin coatings during the forecast period.

The acrylic resin industrial coatings market, segmented on the basis of Application

Based on application, the global acrylic resin industrial coatings market is studied across paints and coatings, adhesives and sealants, and others. It is expected that the global paint and coatings application segment to hold a dominant position during 2022 -2030 with a total share of 39.78%.

The emergence of high solid paints and coatings which produces no or low VOCs has surged the popularity of acrylic resin coatings. In addition, growing infrastructure activities in both developed and developing economies have enhanced the need for acrylic resin industrial coatings which are extensively used in paints and coatings. In addition, advancement in technology, rapid growth in the furniture sector, and growing consumer demand for modified furniture have enhanced the performance of acrylic resin coatings which it is widely employed on wooden furniture as a protecting coating. These factors are escalating the growth of the acrylic resin industrial coatings market.

Global Acrylic Resin Industrial Coatings Market 2023–2032 (By Type)

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The acrylic resin industrial coatings market, segmented on the basis of End Use

Based on end use, the global acrylic resin industrial coatings market is studied across building and construction, automotive, electronics, packaging, and others. It is expected that the global building and construction segment to hold a dominant position during 2022 -2030 with a total share of 29.56%.

The growing population has surged the building and construction activities in both developed and developing countries wherein acrylic resin industrial coatings are widely used to make slip-resistant, attractive, and aesthetically pleasing floors and walls. This factor is expected to increase the overall market growth in the upcoming years.

Furthermore, well-established industrial sectors in both developed and developing economies have surged the demand for acrylic resin industrial coatings. In addition, several manufacturers have increased their production capacities for acrylic resin industrial coatings. This factor is likely to boost the market in the upcoming years.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 17.89 Billion
Projected Market Size in 2030 USD 28.95 Billion
Market Size in 2022 USD 19.11 Billion
CAGR Growth Rate 5.8% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players BASF SE, The Dow Chemical Company, Arkema S.A., Air Products And Chemicals Inc, NIPPON SHOKUBAI CO. LTD., Formosa Plastics Corporation, Mitsubishi Chemical Holdings Corporation, DIC CORPORATION, Hexion, Hitachi Chemical Co. Ltd, Poly Metal India, Tuff Coat Polymers Private Limited, MGI Chemicals Pvt. Ltd., Astra Chemtech Private Limited, Paladin Paints & Chemicals Private Limited, and Others
Key Segment By Type, Application, End Use, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Analysis

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant region in the acrylic resin industrial coatings market with a total share of 36.89%. The utilization of acrylic resin coatings has increased in the sectors such as building & construction, automotive, electronics, and others are key market trends in the Asia-Pacific region.

The building & construction sector is one of the booming sectors in the Asia-Pacific region. For instance, according to an article published by Invest India in August 2022, the construction industry in India is expected to reach $1.4 Tn by 2025 due to a robust increase in the urban population which will significantly enhance the demand for acrylic resin coatings where it gives protection to infrastructure during the uncertain weather conditions. It is also used for protecting the windows & doors, floor slab surfaces from UV radiation, and others.

Moreover, China is the topmost producer of electric vehicles in the world where acrylic resin coatings are widely employed in sealing systems, interior roof panels, and other automotive parts as a glassifying agent and anti-corrosion agent which propel the market growth. According to data published by International Trade Administration, China’s construction industry is projected to grow at an annual average rate of 8.6% from 20220-2030. These factors are escalating the demand for acrylic resin coatings in the building and construction sector.

The Europe region has shown considerable growth due to the strong presence of top automobile manufacturers such as BMW, Mercedes-Benz, Porsche, Audi, and Volkswagen that are consistently adding value by producing desirable and attractive cars where acrylic resin industrial coatings are used for sealing applications.

This North American region is also anticipated to maintain its position throughout the forecast period. Countries such as the U.S., Canada, and Mexico have significant contributions to the growth of the acrylic resin coatings market in the region.

Global Acrylic Resin Industrial Coatings Market 2022–2030 (By Billion)

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Key Findings:

  • The water-based type segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 28.56%.
  • Global paint and coatings application segment to hold a dominant position during 2022 – 2030 and accounted for 39.78% of the total market share during the forecast period.
  • The global building and construction end-use segment are expected to hold a dominant position during the forecast period and account for 29.56% of the total market share.
  • Asia-Pacific is the dominant region in the acrylic resin industrial coatings market with a total market share of 36.89% during the forecast period.

Recent Development:

  • In April 2021: Mitsubishi Chemical Inc., is merging seven subsidiaries in the U.S., the primary business of the acquired seven companies will be actively engaged in the manufacturing of acrylics monomer, polyester films, specialty resin, and others. This strategic merger will strengthen Mitsubishi’s product portfolio.
  • In March 2021: BASF SE expanded its acrylic dispersion business in Pasir, Malaysia. This business includes the production of various acrylic dispersion such as Acronal EDGe, Acronal Plus, and many others. This strategic business expansion has enhanced BASF’s product portfolio in the Asia-Pacific region.

Global Acrylic Resin Industrial Coatings Market 2023–2032 (By Application)

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COVID-19 Analysis

The acrylic resin coatings market has had a negative and short-term impact due to the wake of the COVID-19 pandemic, owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.

Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.

However, the acrylic resin industrial coatings market faced several difficulties with material supply chain disruptions, and labour shortages, in 2020.  In addition, the complete shutdown of the automotive, building and construction, and home furnishing sector have affected the market negatively.

Also, several acrylic resin coatings-based product manufacturing companies have either shut down or shrank their operations due to the risk of infection among the workforce.

This has temporarily hampered the demand and supply chain of the acrylic resin coatings market. In addition, the falling income of customers has led contraction in the demand for glasses, refractory materials, and others during the COVID-19 period.

In the first quarter of 2021, the market for acrylic resin industrial coatings experienced an increase in the demand for acrylic resin coatings chemicals in building and construction, automotive, and other end-use industries worldwide, compared to that in 2020.

Segments covered in the report

By Type

  • Water based
  • Solvent based
  • Others

By Application

  • Paints and Coatings
  • Adhesive and Sealants
  • Others

By End Use

  • Building and Construction
  • Automotive
  • Electronics
  • Packaging
  • Others

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Acrylic Resin Industrial Coatings Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Acrylic Resin Industrial Coatings Market : snapshot
  • Chapter 3. Global Acrylic Resin Industrial Coatings Market – Industry Analysis
    • 3.1 Acrylic Resin Industrial Coatings Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Architecture sector and paints
      • 3.2.2 Coatings industry.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
      • 3.7.3 Market attractiveness analysis By End Use
  • Chapter 4. Global Acrylic Resin Industrial Coatings Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Acrylic Resin Industrial Coatings Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Acrylic Resin Industrial Coatings Market – Type Analysis
    • 5.1 Global Acrylic Resin Industrial Coatings Market overview: By Type
      • 5.1.1 Global Acrylic Resin Industrial Coatings Market share, By Type , 2021 and 2030
    • 5.2 Water based
      • 5.2.1 Global Acrylic Resin Industrial Coatings Market by Water based, 2022 – 2030 (USD Billion)
    • 5.3 Solvent based
      • 5.3.1 Global Acrylic Resin Industrial Coatings Market by Solvent based, 2022 – 2030 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Acrylic Resin Industrial Coatings Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Acrylic Resin Industrial Coatings Market – Application Analysis
    • 6.1 Global Acrylic Resin Industrial Coatings Market overview: By Application
      • 6.1.1 Global Acrylic Resin Industrial Coatings Market share, By Application, 2021 and 2030
    • 6.2 Paints and Coatings
      • 6.2.1 Global Acrylic Resin Industrial Coatings Market by Paints and Coatings, 2022 – 2030 (USD Billion)
    • 6.3 Adhesive and Sealants
      • 6.3.1 Global Acrylic Resin Industrial Coatings Market by Adhesive and Sealants, 2022 – 2030 (USD Billion)
    • 6.4 Others
      • 6.4.1 Global Acrylic Resin Industrial Coatings Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Acrylic Resin Industrial Coatings Market – End Use Analysis
    • 7.1 Global Acrylic Resin Industrial Coatings Market overview: By End Use
      • 7.1.1 Global Acrylic Resin Industrial Coatings Market share, By End Use, 2021 and 2030
    • 7.2 Building and Construction
      • 7.2.1 Global Acrylic Resin Industrial Coatings Market by Building and Construction, 2022 – 2030 (USD Billion)
    • 7.3 Automotive
      • 7.3.1 Global Acrylic Resin Industrial Coatings Market by Automotive, 2022 – 2030 (USD Billion)
    • 7.4 Electronics
      • 7.4.1 Global Acrylic Resin Industrial Coatings Market by Electronics, 2022 – 2030 (USD Billion)
    • 7.5 Packaging
      • 7.5.1 Global Acrylic Resin Industrial Coatings Market by Packaging, 2022 – 2030 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global Acrylic Resin Industrial Coatings Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 8. Acrylic Resin Industrial Coatings Market – Regional Analysis
    • 8.1 Global Acrylic Resin Industrial Coatings Market Regional Overview
    • 8.2 Global Acrylic Resin Industrial Coatings Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Acrylic Resin Industrial Coatings Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Acrylic Resin Industrial Coatings Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030
      • 8.4.1 North America Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030 (USD Billion)
    • 8.5 North America Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030
      • 8.5.1 North America Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030 (USD Billion)
    • 8.6 North America Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030
      • 8.6.1 North America Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Acrylic Resin Industrial Coatings Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Acrylic Resin Industrial Coatings Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030
      • 8.8.1 Europe Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030 (USD Billion)
    • 8.9 Europe Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030
      • 8.9.1 Europe Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030 (USD Billion)
    • 8.10 Europe Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030
      • 8.10.1 Europe Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Acrylic Resin Industrial Coatings Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Acrylic Resin Industrial Coatings Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030
      • 8.12.1 Asia Pacific Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030
      • 8.13.1 Asia Pacific Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030
      • 8.14.1 Asia Pacific Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Acrylic Resin Industrial Coatings Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Acrylic Resin Industrial Coatings Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030
      • 8.16.1 Latin America Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030 (USD Billion)
    • 8.17 Latin America Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030
      • 8.17.1 Latin America Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030
      • 8.18.1 Latin America Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Acrylic Resin Industrial Coatings Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Acrylic Resin Industrial Coatings Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030
      • 8.20.1 The Middle-East and Africa Acrylic Resin Industrial Coatings Market, by Type , 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Acrylic Resin Industrial Coatings Market, by Application, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Acrylic Resin Industrial Coatings Market, by End Use, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 BASF SE
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 The Dow Chemical Company
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Arkema S.A.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Air Products And Chemicals Inc
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 NIPPON SHOKUBAI CO. LTD.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Formosa Plastics Corporation
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Mitsubishi Chemical Holdings Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 DIC CORPORATION
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Hexion
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Hitachi Chemical Co. Ltd
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Poly Metal India
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Tuff Coat Polymers Private Limited
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 MGI Chemicals Pvt. Ltd.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Astra Chemtech Private Limited
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Paladin Paints & Chemicals Private Limited.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • BASF SE
  • The Dow Chemical Company
  • Arkema S.A.
  • Air Products And Chemicals Inc
  • NIPPON SHOKUBAI CO. LTD.
  • Formosa Plastics Corporation
  • Mitsubishi Chemical Holdings Corporation
  • DIC CORPORATION
  • Hexion
  • Hitachi Chemical Co. Ltd
  • Poly Metal India
  • Tuff Coat Polymers Private Limited
  • MGI Chemicals Pvt. Ltd.
  • Astra Chemtech Private Limited
  • Paladin Paints & Chemicals Private Limited
  • Others

FAQs

“Asia-Pacific” region will lead the global Acrylic Resin Industrial Coatings market during the forecast period 2022 to 2030.

The key factors driving the market are architecture sector and paints & coatings industry.

The key players operating in the Acrylic Resin Industrial Coatings market are BASF SE, The Dow Chemical Company, Arkema S.A., Air Products And Chemicals Inc, NIPPON SHOKUBAI CO. LTD., Formosa Plastics Corporation, Mitsubishi Chemical Holdings Corporation, DIC CORPORATION, Hexion, Hitachi Chemical Co. Ltd, Poly Metal India, Tuff Coat Polymers Private Limited, MGI Chemicals Pvt. Ltd., Astra Chemtech Private Limited, Paladin Paints & Chemicals Private Limited.

The global Acrylic Resin Industrial Coatings market is expanding growth with a CAGR of approximately 5.8% during the forecast period (2022 to 2030).

The global Acrylic Resin Industrial Coatings market size was valued at USD 17.89 Billion in 2021 and it is projected to reach around USD 28.95 Billion by 2030.

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