Rising Popularity Among Amateur And Professional Artists Is Likely To Fuel Acrylic Paints Market Growth

 

Acrylic Paints Market

Acrylic paints are water-based paints that come in the form of liquid, thick paste, solid or in a spray applicable form. Acrylic paints are highly versatile in nature and widely used for commercial and household purposes such as painting walls, canvas, signs, clothes and more. They offer various advantages like fast drying, water clean-up, bright color choices along with UV and weather resistance.

The global acrylic paints market is estimated to be valued at US$ 290.26 million in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends:

One of the key market trends fueling the growth of the acrylic paints market is its rising popularity among amateur and professional artists. Acrylic paints have gained immense popularity among fine artists due to its versatility, control over application and ability to produce works of art akin to traditional oil paintings. Moreover, acrylic paints offer benefits like fast drying, water cleanup, adherence to various surfaces and ability to rework or blend colors on the canvas which has further augmented its preference among artists. Additionally, growing DIY and home decor projects have also contributed to the increasing consumption of acrylic paints globally during the forecast period.

 

Segment Analysis

The global acrylic paints market is segmented into waterborne and solvent-borne. The waterborne segment dominates the market and accounts for around 60% share owing to its low volatile organic compound emissions and easy clean-up with water. With stringent regulations regarding solvent emissions, the demand for waterborne acrylic paints is growing rapidly.

 

Key Takeaways

The Global Acrylic Paints Market Size is expected to witness high growth in the forecast period of 2023 to 2030.

 

Regional analysis

Asia Pacific region dominates the acrylic paints market currently with a share of more than 35% backed by growing construction activities in countries like China and India. The region is expected to continue its dominance with the fastest growth in the forecast period due to expanding middle-class population and their increasing spending on home décor and painting activities.

 

Key players

Key players operating in the acrylic paints market are The Sherwin-Williams Company, PPG Industries, BASF SE, Akzo Nobel N.V., RPM International Inc. The Sherwin-Williams Company and PPG Industries are the leading players due to their wide product portfolios and global presence.
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https://www.newsstatix.com/acrylic-paints-market-size-share-growth-outlook-2023/

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