Cathodic Acrylic Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

Cathodic Acrylic Market size is anticipated to grow exponentially over the span of 2023-2032, due to rising product demand in the construction and automotive sector.
 

Cathodic acrylic is a form of electrocoating that is largely used for exterior finishes and areas that call for a decorative appearance. It provides the optimum balance of color control, exterior durability, and corrosion resistance for a variety of applications. These coatings are available in a broad variety of colors and gloss levels and provide benefits like corrosion resistance and UV durability while maintaining their original appearance through all weather conditions.
 

The automotive and industrial manufacturing applications have also witnessed high demand for cathodic acrylic. It works as a corrosion-resistant primer with UV durability and is widely used in many painting applications. The coating also provides decent chip resistance and excellent throw power, thereby increasing its capacity to coat at a consistent thickness over a cathode with uneven shapes. The increasing usage of coatings in furniture, architecture, and consumer products will further expand its penetration on a global scale.
 

Based on end-use, the cathodic acrylic market is divided into consumer goods, manufacturing, automotive, and construction sectors. As these coatings provide both corrosion protection and external weathering as well as an exclusive selection of hues and glosses, their demand is rising across a variety of end-use sectors. For instance, there is a spiking demand for electrocoating in the industrial and construction landscape. A rise in smart city construction projects across the globe will encourage the usage of electrocoated material.
 

In terms of application, the cathodic acrylic market is divided into automotive parts & accessories, agricultural implements, garden equipment, heavy-duty equipment, and other equipment like marine, furniture, etc. Robust demand for automotive parts and accessories should augment the use of cathodic acrylic across electrocoating applications. Its superior UV endurance and corrosion resistance have driven its adoption in a variety of automotive applications.
 

As the demand for electrocoating is increasing across the automotive sector, companies that specialize in cathodic acrylic are developing new products. For instance, in December 2020, Axalta Coating Systems launched a new environment-friendly and tin-free primer which can exclusively be used in automotive parts, agriculture, construction, and general industry sectors.
 

Asia Pacific region is anticipated to account for a sizable portion of the global cathodic acrylic market share due to the presence of several end-use industries. The region is home to some of the renowned companies in the automotive, manufacturing, construction, to consumer goods sectors. Electrocoating needs in these end-use industries will drive up product demand in the region. One of the market leaders, BASF, has recently launched an acrylic dispersions production line in India. The new production line aims at serving paper, coatings, and adhesives industries across South Asia.
 

The key companies operating in the global cathodic acrylic market include BASF SE, Luvata OY, Hawking Electrotechnology Ltd., Axalta Coating Systems, Metokote Corporation, Inc., Valspar Corp., KCC Corporation, Koch Membrane Systems Inc, PPG Industries Inc, and Nippon Paint Holdings Co.
 

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