| Product Code: ETC8617443 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a high concentration of acrylic surface coating imports to Nigeria in 2024, the market saw a significant decline with a negative CAGR of -15.56% from 2020 to 2024. The top exporting countries to Nigeria, including Germany, China, and India, continue to play a key role in supplying acrylic surface coatings. However, the sharp decline in growth rate from 2023 to 2024 at -36.92% indicates challenges in the market. It will be crucial for stakeholders to closely monitor market trends and explore strategies to stimulate growth and enhance market competitiveness.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Acrylic Surface Coating Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Acrylic Surface Coating Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Acrylic Surface Coating Market - Industry Life Cycle |
3.4 Nigeria Acrylic Surface Coating Market - Porter's Five Forces |
3.5 Nigeria Acrylic Surface Coating Market Revenues & Volume Share, By Increasing demand, 2021 & 2031F |
3.6 Nigeria Acrylic Surface Coating Market Revenues & Volume Share, By Coatings, 2021 & 2031F |
4 Nigeria Acrylic Surface Coating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in Nigeria, leading to increased demand for acrylic surface coatings. |
4.2.2 Rising disposable income and urbanization driving the demand for aesthetically pleasing coatings. |
4.2.3 Government initiatives promoting infrastructure development and renovation projects. |
4.2.4 Technological advancements leading to the development of high-performance acrylic coatings. |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the overall production cost. |
4.3.2 Competition from alternative coating materials such as epoxy and polyurethane. |
4.3.3 Economic instability and currency fluctuations affecting consumer purchasing power. |
4.3.4 Environmental regulations and sustainability concerns influencing product formulations. |
5 Nigeria Acrylic Surface Coating Market Trends |
6 Nigeria Acrylic Surface Coating Market, By Types |
6.1 Nigeria Acrylic Surface Coating Market, By Increasing demand |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Acrylic Surface Coating Market Revenues & Volume, By Increasing demand, 2021- 2031F |
6.1.3 Nigeria Acrylic Surface Coating Market Revenues & Volume, By Automotive, 2021- 2031F |
6.1.4 Nigeria Acrylic Surface Coating Market Revenues & Volume, By Households, 2021- 2031F |
6.1.5 Nigeria Acrylic Surface Coating Market Revenues & Volume, By Construction, 2021- 2031F |
6.1.6 Nigeria Acrylic Surface Coating Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2 Nigeria Acrylic Surface Coating Market, By Coatings |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Acrylic Surface Coating Market Revenues & Volume, By Thermoplastic, 2021- 2031F |
6.2.3 Nigeria Acrylic Surface Coating Market Revenues & Volume, By Thermosetting, 2021- 2031F |
7 Nigeria Acrylic Surface Coating Market Import-Export Trade Statistics |
7.1 Nigeria Acrylic Surface Coating Market Export to Major Countries |
7.2 Nigeria Acrylic Surface Coating Market Imports from Major Countries |
8 Nigeria Acrylic Surface Coating Market Key Performance Indicators |
8.1 Adoption rate of acrylic surface coatings in new construction projects. |
8.2 Customer satisfaction levels with the durability and finish of acrylic coatings. |
8.3 Number of infrastructure projects utilizing acrylic surface coatings for protection and aesthetics. |
8.4 Rate of innovation in acrylic coating formulations based on customer feedback and market trends. |
8.5 Environmental impact assessment of acrylic coatings compared to other coating materials. |
9 Nigeria Acrylic Surface Coating Market - Opportunity Assessment |
9.1 Nigeria Acrylic Surface Coating Market Opportunity Assessment, By Increasing demand, 2021 & 2031F |
9.2 Nigeria Acrylic Surface Coating Market Opportunity Assessment, By Coatings, 2021 & 2031F |
10 Nigeria Acrylic Surface Coating Market - Competitive Landscape |
10.1 Nigeria Acrylic Surface Coating Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Acrylic Surface Coating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |