The new research report from Technavio discusses in detail the key drivers and trends responsible for growth, as well as the segments with the maximum growth potential.
“With the development of non-slip flooring and increasing applicability of hybrid coatings, it is not surprising that the construction industry segment accounts for 57% of the total market revenue for the period of 2014-2019,” says Sriram Mohan, Lead Analyst, Chemicals and Materials, Technavio Research.
These non-slip coatings contain a crystal clear polycarbonate aggregate and find application in both interior and exterior surfaces. This coating is exceptionally durable and its advantages include fade resistance and non-yellowing high gloss finish. This first of a kind acrylic coating is expected to gain wide acceptance with time.
Increasing preference for hybrid coatings, which is prepared by physically blending an acrylic polymer with another functional polymer like an epoxy, is a key trend that is expected to bolster market growth by overcoming the various inadequacies of conventional acrylic paints.
A segment to look out for is the construction industry sector, which analysts predict is going to grow due to the increasing rate of urbanization in the EMEA region, the North American region and the Americas. The leading companies in the global acrylic surface coatings market are Axalta, BASF, DOW Chemicals, Nippon, PPG, Sherwin-Williams, and Valspar.