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Showing posts with the label Acrylic Surface Coating Market Share

Why Are Acrylic Surface Coatings Beneficial for Environment?

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The low levels of volatile organic compounds (VOCs) in acrylic surface coatings have led to their increasing adoption. This can be ascribed to the growing awareness about the harmful effects of VOCs, like cancer and respiratory illnesses. On account of these reasons, governments of various countries have amended norms to lower the VOC emission levels, which are coercing the manufacturers to develop eco-friendly coatings. Moreover, the amplifying environmental concerns have encouraged manufacturers and customers to shift toward acrylic products. Furthermore, the increasing usage of coatings for decorative purposes will escalate the market for acrylic surface coating at a CAGR of 5.2% during 2016–2022. The market was valued at $24,121.1 million in 2015, and it is expected to reach $34,720.3 million by 2022. These coatings are used for raising the aesthetic value of vehicles, interior and exterior walls, and furniture. As a result, the high-volume adoption of decorative coatings can be o...