Acrylic Enamels Market Trends, Size and Forecast (2021-2031)
The Acrylic Enamels Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The acrylic enamels market report is segmented by application (walls, metal, ceramics, fabrics, and others). The market is segmented based on the end-use industry (building and construction, industrial, textile, automotive, and others). The global analysis is further broken down at the regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Acrylic Enamels Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Acrylic Enamels Market Segmentation
Application- Walls
- Metal
- Ceramics
- Fabrics
- Building and Construction
- Industrial
- Textile
- Automotive
Strategic Insights
Acrylic Enamels Market Growth Drivers- Rising Demand for Acrylic Enamels in the Automotive Industry: The automotive sector is one of the largest end-users of acrylic enamels, especially for coating automobiles. The demand for acrylic enamels is expected to grow further on account of rising automobile production coupled with rising aesthetics and durability among the automobile parts. This segment is also expected to grow with the trend of green and low VOC (volatile organic compound) coatings gaining ground.
- Booming Construction Industry: The construction industry is experiencing impressive growth on a global scale, and even more so in some developing countries. Building and construction applications use acrylic enamels for the interior and exterior surfaces, thanks to their superior adhesion, durability, and resistance to weather. As urbanization increases and development projects grow, the acrylic enamel market will be enhanced by the demand for qualitative coatings.
- Advancements in Acrylic Enamel Technology: Advancements in the coatings technology, for instance, water-based acrylic enamels, have been introduced to optimum performance enhancement. These developments are aimed at improving the acrylic enamels’ resistance to weather, ease of application, and environmental friendliness, encouraging their use by both manufacturers and consumers. The launching of a new application that offers a superior finish as well as ease of application is, however supporting the expansion of the market.
- Shift Towards Sustainable Acrylic Enamels: The growing concept of sustainability around the world is impacting the acrylic enamel market. The market is observing a shift towards low-VOC, water-based enamels, which lower any adverse effects on the environment. The manufacturers, in turn, are looking for ways to develop products that are friendly to the environment and even aim at higher environmental standards than the existing ones as the clientele becomes more green marketing oriented.
- Growing Demand for Customized Specialty Acrylic Enamels for Specific Applications: There is a growing trend to develop specifically required customized specialty acrylic enamels for specific applications. This includes products tailored to applications on surfaces such as metals, wood, and plastics, and coatings with special finishes for example, UV protective and anti-corrosive properties. This globalization of coating is Expected as industries will try to enhance the hidden selling features of their products performance-wise and appearance wise.
- Innovation and Multi-Functionality Drive Market Expansion: Enhanced coatings incorporating smart technologies over the years have been a new trend. Smart acrylic enamels which change their color due to atmospheric conditions or which may clean themselves are becoming common. The increase in the use of intelligent materials indicates the general tendency toward innovations in materials development and satisfies the needs of customers for new and multi-functional products.
- Growth Opportunities for Acrylic Enamels in Emerging Markets: Acrylic enamels have plenty of room for penetration in Asia-Pacific, Latin America and to some extent in African countries as they are developing economies. These regions are experiencing rapid industrialization, urbanization, and infrastructural developments which increases the demand for quality coatings. By designing affordable, high quality performance acrylic enamels that meet the requirements of the local population, manufacturers can be able to extend their territories in these markets.
- Strategic Collaborations Fuel Innovation and Competitiveness: Strategic collaborations between manufacturers and suppliers or application developers can lead to innovations in the acrylic enamel market. Companies with this objective may seek partnerships for research and development with some other companies or research institutes, which would allow such companies to come up with new products or enhance the previous ones, enabling them to compete in aggressive business weather.
- The Rise of E-Commerce Expands Sales Channels: With the rise of e-commerce, additional sales channels for acrylic enamels are being created. Such channels allow manufacturers to appeal to a larger clientele, for instance, not only professional painters but also hobbyists and small-sized contractors. Meticulous planning of such strategies, specifically in the context of e-commerce, will promote the brand and make it accessible. Thus, great scope for growth exists in such a scenario.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Acrylic Enamels Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Acrylic Enamels Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Sustainability and eco-friendly products is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the acrylic enamels market due to its rapidly growing automotive and building and construction industries.
Based on end-use industry, the building and construction segment is expected to witness the fastest growth during the forecast period.
Azkonobel, Asian Paints India, BASF SE, Berger Paints India, Berkshire Hathaway, PPG Industries, The Dow Chemical, Sherwin-Williams, National Coatings, and Gellner Industrial are the key players operating in the acrylic enamels market.
The growth in the automotive industry is driving the market growth.
The Acrylic Enamels Market is estimated to witness a CAGR of 4% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Acrylic Enamels Market - By Type
1.3.2 Acrylic Enamels Market - By Application
1.3.3 Acrylic Enamels Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ACRYLIC ENAMELS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ACRYLIC ENAMELS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ACRYLIC ENAMELS MARKET - GLOBAL MARKET ANALYSIS
6.1. ACRYLIC ENAMELS - GLOBAL MARKET OVERVIEW
6.2. ACRYLIC ENAMELS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ACRYLIC ENAMELS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. STYRENE ACRYLIC EMULSION
7.3.1. Overview
7.3.2. Styrene Acrylic Emulsion Market Forecast and Analysis
7.4. COPOLYMER ACRYLIC
7.4.1. Overview
7.4.2. Copolymer Acrylic Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. ACRYLIC ENAMELS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. FURNITURE
8.5.1. Overview
8.5.2. Furniture Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ACRYLIC ENAMELS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Acrylic Enamels Market Overview
9.1.2 North America Acrylic Enamels Market Forecasts and Analysis
9.1.3 North America Acrylic Enamels Market Forecasts and Analysis - By Type
9.1.4 North America Acrylic Enamels Market Forecasts and Analysis - By Application
9.1.5 North America Acrylic Enamels Market Forecasts and Analysis - By Countries
9.1.5.1 United States Acrylic Enamels Market
9.1.5.1.1 United States Acrylic Enamels Market by Type
9.1.5.1.2 United States Acrylic Enamels Market by Application
9.1.5.2 Canada Acrylic Enamels Market
9.1.5.2.1 Canada Acrylic Enamels Market by Type
9.1.5.2.2 Canada Acrylic Enamels Market by Application
9.1.5.3 Mexico Acrylic Enamels Market
9.1.5.3.1 Mexico Acrylic Enamels Market by Type
9.1.5.3.2 Mexico Acrylic Enamels Market by Application
9.2. EUROPE
9.2.1 Europe Acrylic Enamels Market Overview
9.2.2 Europe Acrylic Enamels Market Forecasts and Analysis
9.2.3 Europe Acrylic Enamels Market Forecasts and Analysis - By Type
9.2.4 Europe Acrylic Enamels Market Forecasts and Analysis - By Application
9.2.5 Europe Acrylic Enamels Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Acrylic Enamels Market
9.2.5.1.1 Germany Acrylic Enamels Market by Type
9.2.5.1.2 Germany Acrylic Enamels Market by Application
9.2.5.2 France Acrylic Enamels Market
9.2.5.2.1 France Acrylic Enamels Market by Type
9.2.5.2.2 France Acrylic Enamels Market by Application
9.2.5.3 Italy Acrylic Enamels Market
9.2.5.3.1 Italy Acrylic Enamels Market by Type
9.2.5.3.2 Italy Acrylic Enamels Market by Application
9.2.5.4 United Kingdom Acrylic Enamels Market
9.2.5.4.1 United Kingdom Acrylic Enamels Market by Type
9.2.5.4.2 United Kingdom Acrylic Enamels Market by Application
9.2.5.5 Russia Acrylic Enamels Market
9.2.5.5.1 Russia Acrylic Enamels Market by Type
9.2.5.5.2 Russia Acrylic Enamels Market by Application
9.2.5.6 Rest of Europe Acrylic Enamels Market
9.2.5.6.1 Rest of Europe Acrylic Enamels Market by Type
9.2.5.6.2 Rest of Europe Acrylic Enamels Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Acrylic Enamels Market Overview
9.3.2 Asia-Pacific Acrylic Enamels Market Forecasts and Analysis
9.3.3 Asia-Pacific Acrylic Enamels Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Acrylic Enamels Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Acrylic Enamels Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Acrylic Enamels Market
9.3.5.1.1 Australia Acrylic Enamels Market by Type
9.3.5.1.2 Australia Acrylic Enamels Market by Application
9.3.5.2 China Acrylic Enamels Market
9.3.5.2.1 China Acrylic Enamels Market by Type
9.3.5.2.2 China Acrylic Enamels Market by Application
9.3.5.3 India Acrylic Enamels Market
9.3.5.3.1 India Acrylic Enamels Market by Type
9.3.5.3.2 India Acrylic Enamels Market by Application
9.3.5.4 Japan Acrylic Enamels Market
9.3.5.4.1 Japan Acrylic Enamels Market by Type
9.3.5.4.2 Japan Acrylic Enamels Market by Application
9.3.5.5 South Korea Acrylic Enamels Market
9.3.5.5.1 South Korea Acrylic Enamels Market by Type
9.3.5.5.2 South Korea Acrylic Enamels Market by Application
9.3.5.6 Rest of Asia-Pacific Acrylic Enamels Market
9.3.5.6.1 Rest of Asia-Pacific Acrylic Enamels Market by Type
9.3.5.6.2 Rest of Asia-Pacific Acrylic Enamels Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Acrylic Enamels Market Overview
9.4.2 Middle East and Africa Acrylic Enamels Market Forecasts and Analysis
9.4.3 Middle East and Africa Acrylic Enamels Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Acrylic Enamels Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Acrylic Enamels Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Acrylic Enamels Market
9.4.5.1.1 South Africa Acrylic Enamels Market by Type
9.4.5.1.2 South Africa Acrylic Enamels Market by Application
9.4.5.2 Saudi Arabia Acrylic Enamels Market
9.4.5.2.1 Saudi Arabia Acrylic Enamels Market by Type
9.4.5.2.2 Saudi Arabia Acrylic Enamels Market by Application
9.4.5.3 U.A.E Acrylic Enamels Market
9.4.5.3.1 U.A.E Acrylic Enamels Market by Type
9.4.5.3.2 U.A.E Acrylic Enamels Market by Application
9.4.5.4 Rest of Middle East and Africa Acrylic Enamels Market
9.4.5.4.1 Rest of Middle East and Africa Acrylic Enamels Market by Type
9.4.5.4.2 Rest of Middle East and Africa Acrylic Enamels Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Acrylic Enamels Market Overview
9.5.2 South and Central America Acrylic Enamels Market Forecasts and Analysis
9.5.3 South and Central America Acrylic Enamels Market Forecasts and Analysis - By Type
9.5.4 South and Central America Acrylic Enamels Market Forecasts and Analysis - By Application
9.5.5 South and Central America Acrylic Enamels Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Acrylic Enamels Market
9.5.5.1.1 Brazil Acrylic Enamels Market by Type
9.5.5.1.2 Brazil Acrylic Enamels Market by Application
9.5.5.2 Argentina Acrylic Enamels Market
9.5.5.2.1 Argentina Acrylic Enamels Market by Type
9.5.5.2.2 Argentina Acrylic Enamels Market by Application
9.5.5.3 Rest of South and Central America Acrylic Enamels Market
9.5.5.3.1 Rest of South and Central America Acrylic Enamels Market by Type
9.5.5.3.2 Rest of South and Central America Acrylic Enamels Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ACRYLIC ENAMELS MARKET, KEY COMPANY PROFILES
11.1. ASIAN PAINTS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HOBBYCOLOURS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NIPPON PAINT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NOROO PAINT AND COATINGS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PPG INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHERWIN-WILLIAMS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SOLVAY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TAUBMANS
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THOMPSON ENAMEL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Asian Paints
2. BASF SE
3. HOBBYColours
4. Nippon Paint
5. Noroo Paint and Coatings
6. PPG Industries
7. Sherwin-Williams
8. Solvay
9. Taubmans
10. Thompson Enamel
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For