The acrylic resin dispersion-based primers market in the construction industry is marked by robust growth and innovation. These primers serve as vital preparatory materials for construction projects, enhancing the adhesion and durability of subsequent coatings. Innovations in formulation and application methods are driving market expansion. Germany, with its thriving construction sector, leads the European market. The growth and innovation in acrylic resin dispersion-based primers contribute to improved construction quality and longevity, meeting the evolving demands of the construction industry.
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Data Bridge Market Research analyses that the Europe Acrylic Resin Dispersion Based Primers in Construction Market, which was USD 3,98,204.90 thousand in 2022, is expected to reach USD 6,99,687.92 thousand by 2030, growing at a CAGR of 7.30% during the forecast period of 2023 to 2030. Acrylic resin dispersion-based primers play a crucial role in the construction market by preparing surfaces for subsequent coatings. These primers ensure proper adhesion and durability, making them essential for achieving long-lasting and high-quality construction finishes.
Key Findings of the Study
Environmental regulations are expected to drive the market's growth rate
In the construction industry's acrylic resin dispersion-based primers market, compliance with eco-friendly coatings and construction materials is a prominent driver. As environmental regulations become stricter, there is a growing demand for primers that align with sustainable construction practices. Acrylic resin dispersion primers, with their low VOC (volatile organic compound) content and environmentally friendly formulations, cater to this need. This ensures regulatory compliance and reflects the industry's commitment to reducing its environmental footprint and promoting eco-conscious building practices.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Absorbent Substrate, Non-Absorbent Substrate), Surface (Cement, Concrete, Plaster, Plastic, Flooring Tiles, and Others), Type (Water Based and Solvent Based), Application (Before Interior Paints, Before Skim Coats and Renders, Before Thermal Insulation Façade System, Under Self-Levelling Compounds, Under Tile Adhesives, In Dry Wall System on Gypsum Boards), End-Use (New Residential Construction, New Non-Residential Construction, New Civil Engineering, Civil Engineering Renovation, Non-Residential Renovation, and Residential Renovation)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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Market Players Covered
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PPG Industries, Inc. (U.S.), Axalta (U.S.), Henkel Adhesives Technologies India Private Limited (Germany), The Sherwin-Williams Company (U.S.), Sika Deutschland GmbH (Germany), Nippon Paint Holdings Co., Ltd. (Japan), Akzo Nobel N.V. (Netherlands), Hempel A/S (Denmark), Baumit (Germany), ATLAS Sp. z o.o. (Poland), Rust-Oleum (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe acrylic resin dispersion based primers in construction market are segmented on the basis of material, surface, type, application, and end-use.
- On the basis of material, the Europe acrylic resin dispersion based primers in construction market are segmented into absorbent substrate, and non-absorbent substrate.
- On the basis of surface, the Europe acrylic resin dispersion based primers in construction market are segmented into cement, concrete, plaster, plastic, flooring tiles, and others.
- On the basis of type, the Europe acrylic resin dispersion based primers in construction market are segmented into water based and solvent based.
- On the basis of application, the Europe acrylic resin dispersion based primers in construction market are segmented into before interior paints, before skim coats and renders, before thermal insulation façade system, under self-levelling compounds, under tile adhesives, and in dry wall system on gypsum boards.
- On the basis of end-use, the Europe acrylic resin dispersion based primers in construction market are segmented into new residential construction, new non-residential construction, new civil engineering, civil engineering renovation, non-residential renovation, and residential renovation.
Major Players
Data Bridge Market Research recognizes the following companies as the Europe acrylic resin dispersion based primers in construction market players in Europe acrylic resin dispersion based primers in construction market are PPG Industries, Inc. (U.S.), Axalta (U.S.), Henkel Adhesives Technologies India Private Limited (Germany), The Sherwin-Williams Company (U.S.), Sika Deutschland GmbH (Germany).
Market Developments
- In 2021, Axalta Coating Systems introduced a novel product, Cromac XP, a solvent-borne base coat. This addition aimed to enhance the company's product portfolio and boost production efficiency. The innovation is expected to drive revenue growth by meeting the demand for high-performance coating solutions, solidifying Axalta's industry position.
- In December 2020, Jotun established a collaborative venture with Hyundai Heavy Industries (HHI) and HMM Co., Ltd to implement its Hull Skating Solutions (HSS) on a fleet of new build ships. This strategic partnership is expected to expand the adoption of Jotun's HSS solution, driving revenue growth and enhancing the company's market position, reflecting a mutually beneficial alliance within the maritime industry.
- In November 2020, the company inaugurated a cutting-edge, fully automated production facility in Montornès del Vallès, Spain. As part of its expansion, a substantial investment of 22 million euros was directed toward a 24,000 square meter warehouse. This facility is designated as the future logistics hub for Southern Europe, positioning the company for enhanced regional operations and growth.
Regional Analysis
Geographically, the countries covered in the Europe acrylic resin dispersion based primers in construction market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
Germany is expected to dominate the Europe acrylic resin dispersion based primers in construction market in the forecast period 2023-2030
Germany is rapidly emerging as a dominant player in the European acrylic resin dispersion-based primers in the construction market. This is largely attributed to the substantial growth within the construction sector. Germany's construction industry is experiencing significant expansion, leading to a heightened demand for construction-related materials such as acrylic resin dispersion-based primers. This trend underscores Germany's pivotal role in shaping the European market for these construction materials.
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