Thermosetting Acrylic Paint Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 7.5% from 2026 to 2033, reaching USD 2.8 Billion by 2033.
The global thermosetting acrylic paint market was valued at USD 3.5 billion in 2022 and is projected to reach USD 5.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030. In 2023, North America led the market with a 30% share, followed by Asia Pacific at 28%, Europe at 25%, Latin America at 10%, and the Middle East & Africa at 7%. Asia Pacific is the fastest growing region, with a projected CAGR of 6% through 2028, driven by increasing demand for durable, high performance coatings in industrial applications and the growing need for corrosion resistant paints in the petrochemical sector. Within Asia, China and India are among the fastest emerging economies, with China accounting for nearly 45% of the regional market share, amounting to approximately USD 90 billion in 2022. The Indian paint industry was valued at over INR 62,000 crores (USD 8 billion) in 2022, reflecting stable double digit growth over the last two decades. citeturn0search0turn0search1
The markets growth is fueled by technological advancements, particularly in hybrid acrylics, and increasing demand across key end user industries. The superior properties of thermosetting acrylic paints, such as high durability, excellent adhesion, and resistance to chemicals and weathering, make them ideal for applications in automotive, construction, and industrial sectors. However, challenges such as fluctuating raw material prices and stringent environmental regulations regarding volatile organic compound (VOC) emissions pose significant restraints to market growth, particularly in regions with strict environmental norms. Despite these challenges, innovations in eco friendly thermosetting acrylic paints and advancements in technology, such as the development of nanotechnology based acrylic paints, present lucrative opportunities for market players to enhance product performance and expand application scope.
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AkzoNobel
BEHR
PPG
Nippon Paint Holdings
RPM
Vitthal Udyognagar
BASF SE
Dow Chemical
Arkema S.A.
Air Products and Chemicals
Nippon Shokubai
Formosa Plastics Corporation
Mitsubishi Chemical Holdings Corporation
Dic Corporation
Momentive Specialty Chemicals
Hitachi Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Thermosetting Acrylic Paint Market
High-gloss Acrylic Paint
Satin Acrylic Paint
Matte Acrylic Paint
Textured Acrylic Paint
Automotive Coatings
Industrial Coatings
Architectural Coatings
Furniture and Cabinetry Coatings
Construction
Automotive
Marine
Electrical and Electronics
Water-based Acrylic Paints
Solvent-based Acrylic Paints
Hybrid Acrylic Paints
Air-dry Acrylic Paints
Heat-cured Acrylic Paints
UV-cured Acrylic Paints
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Thermosetting Acrylic Paint Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thermosetting Acrylic Paint Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermosetting Acrylic Paint Market, By Type
6. Global Thermosetting Acrylic Paint Market, By Application
7. Global Thermosetting Acrylic Paint Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Thermosetting Acrylic Paint Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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