Acrylic paints are quick drying paints with pigment in an acrylic polymer emulsion, and water-soluble but on drying become water resistant. The demand for acrylic paints is higher than oil paints in the market owing to the versatility offered by acrylic paints. The acrylic paints market is likely to grow in coming years due to the rise in global infrastructure. The rise in construction activity is likely to raise the demand for paint in the near future. Acrylic paints are chosen coatings for external home structures especially during the wet season as they are water resistant, hence the demand is sure to increase. The acrylic paints market is driven by the increase in the number of artists worldwide. Canvass painting are in global demand, which will also increase the demand for acrylic paints as it is the most preferred as compared to oil paints.
|High Growth Market||Asia-Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||Akzo Nobel N.V. (The Netherlands), Asian Paints Limited (India), BASF SE (Germany), Berger Paints India Ltd (India), Sherwin-Williams Company (United States), PPG Industries, Inc. (United States), The Dow Chemical Company (United States), Nippon Paint Holdings Co., Ltd. (Japan), Ashland Global Specialty Chemicals Inc. (United States) and Synthomer plc (United Kingdom)|
This growth is primarily driven by Increasing global infrastructure, Growing number of artists around the globe and High demand of canvass painting around the world.
Globally, a noticeable market trend is evident The demand for acrylic paint has been steadily increasing, driven by the growing interest in art and creative activities The Specialty Chemicals sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Akzo Nobel N.V. (The Netherlands), Asian Paints Limited (India), BASF SE (Germany), Berger Paints India Ltd (India), Sherwin-Williams Company (United States), PPG Industries, Inc. (United States), The Dow Chemical Company (United States), Nippon Paint Holdings Co., Ltd. (Japan), Ashland Global Specialty Chemicals Inc. (United States) and Synthomer plc (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The competitive landscape of the acrylic paint market is characterized by several key players, including Golden Artist Colors, Liquitex, Winsor & Newton, M. Graham & Co., and Grumbacher. These companies are renowned for their high-quality acrylic paints, catering to the needs of professional artists and art enthusiasts. They offer a wide range of colors, formulations, and art supplies to meet diverse artistic requirements. These players often focus on innovation, product development, and artist engagement to maintain their competitive edge in the market.
Key Developments in the Market:
In December 2022, Sherwin-Williams Company acquired ICA Group. ICA is now part of Sherwin-Williams Industrial Wood Division in the Performance Coatings Group operating segment. The combination of our businesses provides opportunities to accelerate growth in the region and beyond
Recent environmental regulations are the factors which bring new resins and additives to market. Environmental regulations & the demands to update formulations to meet them change constantly & coatings raw materials need to change to keep up. As new limits placed are on the environmental release of Volatile Organic Compounds (VOCs), heavy metals or alkylphenol ethoxylates (APEs/APEOs).
The demand for acrylic paint has been steadily increasing, driven by the growing interest in art and creative activities
Market Growth Drivers:
Increasing global infrastructure, Growing number of artists around the globe and High demand of canvass painting around the world
Toxicity level of acrylic paints
High raw material prices
Growing construction Industry and Increasing Opportunities from untapped markets
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Acrylic Paint Market
- Analysis about New Entrants in Acrylic Paint Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Acrylic Paint Study Sheds Light on
The Acrylic Paint Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Acrylic Paint industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Acrylic Paint industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.