| Product Code: ETC8833743 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Philippines saw significant acrylic surface coating import shipments from key exporters such as Thailand, Malaysia, Japan, China, and Vietnam. Despite the diverse sources, the market displays low concentration with a Herfindahl-Hirschman Index (HHI) remaining at a low level. The compound annual growth rate (CAGR) from 2020 to 2024 stood impressively at 12.92%, indicating a robust upward trend in demand. Moreover, the growth rate from 2023 to 2024 was recorded at 11.42%, highlighting the resilience and attractiveness of the Philippines market for acrylic surface coatings.

The acrylic surface coating market benefits from rising demand in automotive, construction, and industrial sectors. These coatings offer excellent finish, durability, and resistance to weathering, which are key requirements for infrastructure projects in the Philippines. Continued investments in road and residential development are driving this market forward.
Acrylic surface coatings are gaining traction in the Philippines owing to their weather resistance, quick-drying properties, and eco-friendliness. The coatings are widely used in automotive, construction, and industrial applications. Market growth is propelled by the rising awareness of sustainable materials and increasing urban development projects.
The acrylic surface coating market is constrained by environmental policies that limit the use of high-VOC coatings. Manufacturers are compelled to invest heavily in R&D to develop low-VOC and waterborne alternatives without compromising performance. Additionally, the market is fragmented with many local players who face difficulties scaling operations and maintaining consistent quality standards.
The expansion of construction, automotive, and furniture industries fuels the acrylic surface coating market in the Philippines. Investing in production facilities or distribution networks that offer high-performance, weather-resistant, and aesthetically pleasing coatings can capture growing demand. There is also a rising preference for low-VOC and environmentally friendly coatings, providing scope for companies focusing on sustainable product lines.
Surface coatings are regulated for VOC content, toxicity, and product performance by the DENR and DTI. The government promotes the development of low-VOC and environmentally friendly coatings in line with sustainable development goals.
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 Philippines Acrylic Surface Coating Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Acrylic Surface Coating Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Acrylic Surface Coating Market - Industry Life Cycle |
3.4 Philippines Acrylic Surface Coating Market - Porter's Five Forces |
3.5 Philippines Acrylic Surface Coating Market Revenues & Volume Share, By Increasing demand, 2021 & 2031F |
3.6 Philippines Acrylic Surface Coating Market Revenues & Volume Share, By Coatings, 2021 & 2031F |
4 Philippines Acrylic Surface Coating Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction and infrastructure development projects in the Philippines |
4.2.2 Increasing demand for eco-friendly and sustainable coating solutions |
4.2.3 Rise in renovation and remodeling activities in residential and commercial sectors |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Competition from alternative coating technologies like polyurethane coatings |
4.3.3 Regulatory challenges related to environmental and safety standards |
5 Philippines Acrylic Surface Coating Market Trends |
6 Philippines Acrylic Surface Coating Market, By Types |
6.1 Philippines Acrylic Surface Coating Market, By Increasing demand |
6.1.1 Overview and Analysis |
6.1.2 Philippines Acrylic Surface Coating Market Revenues & Volume, By Increasing demand, 2021- 2031F |
6.1.3 Philippines Acrylic Surface Coating Market Revenues & Volume, By Automotive, 2021- 2031F |
6.1.4 Philippines Acrylic Surface Coating Market Revenues & Volume, By Households, 2021- 2031F |
6.1.5 Philippines Acrylic Surface Coating Market Revenues & Volume, By Construction, 2021- 2031F |
6.1.6 Philippines Acrylic Surface Coating Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2 Philippines Acrylic Surface Coating Market, By Coatings |
6.2.1 Overview and Analysis |
6.2.2 Philippines Acrylic Surface Coating Market Revenues & Volume, By Thermoplastic, 2021- 2031F |
6.2.3 Philippines Acrylic Surface Coating Market Revenues & Volume, By Thermosetting, 2021- 2031F |
7 Philippines Acrylic Surface Coating Market Import-Export Trade Statistics |
7.1 Philippines Acrylic Surface Coating Market Export to Major Countries |
7.2 Philippines Acrylic Surface Coating Market Imports from Major Countries |
8 Philippines Acrylic Surface Coating Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly acrylic coatings in the market |
8.2 Number of new construction permits issued in the Philippines |
8.3 Growth in the market demand for acrylic coatings in renovation projects |
9 Philippines Acrylic Surface Coating Market - Opportunity Assessment |
9.1 Philippines Acrylic Surface Coating Market Opportunity Assessment, By Increasing demand, 2021 & 2031F |
9.2 Philippines Acrylic Surface Coating Market Opportunity Assessment, By Coatings, 2021 & 2031F |
10 Philippines Acrylic Surface Coating Market - Competitive Landscape |
10.1 Philippines Acrylic Surface Coating Market Revenue Share, By Companies, 2024 |
10.2 Philippines Acrylic Surface Coating Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |