Shift in Demand from Developed to Developing Nations Fuels Growth in Acrylic Coatings Industry, with an Anticipated CAGR of 4.9% - ResearchAndMarkets.com
The global market for acrylic coatings is on a trajectory of significant growth, with estimations indicating an increase from $61.9 billion in 2023 to reach $78.6 billion by 2028.
- The global market for acrylic coatings is on a trajectory of significant growth, with estimations indicating an increase from $61.9 billion in 2023 to reach $78.6 billion by 2028.
- This growth is expected to be driven by a compound annual growth rate (CAGR) of 4.9% from 2023 through 2028.
- Acrylic coatings are witnessing high demand across various end-use industries worldwide, spurred by factors such as rising urbanization, infrastructure developments in developing nations, and the need to reduce volatile organic compounds (VOCs).
- A notable trend in the paint and coatings industry is the shift in demand from developed regions like Europe and the U.S. to developing nations such as China and India.