Styrene
Acrylic is a kind of coating which is used for building and
construction to provide concrete and roofing applications to improve or
provide flexibility, heat sealability, salt stability, and water
resistance. Chemically styrene acrylic is nothing but modified acrylic polymer to increase weathering resistance of the
polymer. Coating of styrene acrylic increases the longevity of roofs
and other building materials which are at direct expose to the outer
atmosphere. With the rise in global warming houses and building coated
with styrene acrylic are on trend. Over the forecast period, it can be
anticipated that the styrene acrylic market will increase with the rise
in demand of weather proof coating. Global Styrene acrylic Market Dynamics The
growth of global styrene acrylic market is driven by growing
construction industry. The macroeconomic factors responsible for the
growth of global styrene acrylic market is the rapid rate of
urbanization, rising disposable income which results into high demand
for weather proof houses and apartments. Consumers now look for living
spaces which can meet their demands and require least of maintenance.
Such demand push the constructor and builders to utilize those goods and
raw material s which are treated with styrene acrylic. Even automobile
manufacturers are working on modified styrene acrylic to incorporate
into coating of automobile outer body in order to make the vehicle less
weather prone and in the process making car interior least affected by
outer temperature. Owing
to its strong chemical composition, industry and industry workers
manufacturing styrene acrylic are prone to myriad health issues. And
since styrene acrylic is made with natural gas and crude oil. Recent
price fluctuations of crude oil in the international market has deterred
the profit of styrene acrylic market. Such factors can act as a
restraint for styrene acrylic market growth. Global Styrene acrylic Market Segmentation Global styrene acrylic market is segmented
by application, end-user, and region. By application global styrene
acrylic market is segmented as coating, paint. Among the application
segment, painting contributes for the significant revenue share over the
forecast period in global styrene acrylic market, owing to increasing
demand for styrene acrylic paint in various segments. By end-user, the
global styrene acrylic market is segmented as the construction industry,
chemical industry. Based on application, the global styrene acrylic market is segmented into: · Coating · Paint Based on end-user, the global styrene acrylic market is segmented into: · Construction Industry · Automobile Industry · Chemical Industry · Others Global Styrene acrylic Market Regional Outlook Based
on the geographies, the global styrene acrylic market is fragmented
into seven key regions -- North America, Latin America, Western Europe,
Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East
& Africa. Among the aforementioned regions, North America accounts
for a significant share of global styrene acrylic market, owing to
relatively high-value share of the region in the global construction
industry. Western Europe is followed by North America region in the
global styrene acrylic market, owing to the substantial growth of
automobile industry in the region. The Asia-Pacific except Japan region
accounts for significantly high volume share in the global styrene
acrylic market, owing to the substantial growth in the construction
industry in the region. Eastern Europe and Japan also accounts for
significant value share in the global styrene acrylic market over the
forecast period. The developing economy such as Middle East Africa and
Latin America have been exhibiting moderate opportunity in the global
styrene acrylic market, owing to the moderate growth rate in the
construction industry and growing population. Overall, the outlook for
the global styrene acrylic market will have a positive growth over the
forecast period, owing to the increasing demand for the pharmaceuticals
as an anti-counterfeiting measure. Global Styrene acrylic Market Player Few
players in the global styrene acrylic market include BASF, The Lubrizol
Corporation, Arkema, Wacker Chemie AG, DIC Corporation, Trinseo,
Momentive Performance Materials Holdings LLC, Omnova Solutions Inc.,
Nuplex Industries Ltd, The DOW Chemical Company. Source:https://www.persistencemarketresearch.com/market-research/styrene-acrylic-market.asp