Acrylic Paints Market is growing at an average pace and is anticipated to record a CAGR of 4.5 % during 2022-2032

Acrylic paints market is growing at an average pace and is anticipated to record a CAGR of 4.5 % during 2022-2032.

“One of the primary differentiating competitive tactics is the development of high-performance acrylic paint bonding for manufacturers to emerge as winners in the market.”

Advances in technology-driven end use applications of acrylic paints are significant factors driving market expansion. The expansion of infrastructure also plays a pivotal role in fuelling the growth of the acrylic paints market as factors such as the water resistance and superior finish boost the its popularity.

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How is the Acrylic Paints Market Classified?

“Acrylic paint set out to be a medium for elementary use has gained a wide range of application & preference in the recent times with diversified products.”

Acrylic paint has been treated as a type of medium that is suitable for kindergarten classrooms only over the past few decades. However, with the advancement of pigmentation, consistency, and finishes, many artists – David Hockey, Helen Frankenthaler, Mark Rothko – are preferring acrylic paints as an ideal choice for acrylic art.

This changing preference has boosted the prominence of acrylic paints among artists over the years. In addition, excellent properties of acrylic paint are broadening their adoption among artists, globally.

Acrylic paints are low-maintenance mediums that do not require custom supplies such as conventional oil paints. They offer the benefits of enhanced consistency and texture. The versatile nature of acrylic paints is making them an ideal medium that allows artists to do acrylic painting on canvas.

Artists are the key consumers of acrylic paints. Companies focused on stationery products are increasing their investments in acrylic paint, further creating lucrative prospects for manufacturers. Hence, increasing adoption of acrylic paint as a professional medium of painting will continue to drive the market growth in the coming years.

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Which Region Holds a Dominant Stance in Acrylic Paints Market?

”Spending on acrylic paints market in North America is rising with the product’s adoption in home furnishing, construction, and textile.”

North America has been the most remunerative region for market players, owing to surging adoption of acrylic paints in construction activities. However, with the saturation of opportunities in infrastructure development projects, the North America acrylic paints market is poised to attain a mature market in the near term. As such, market players are turning to untapped regions such as Latin America and Asia Pacific (APAC) or revenue generation.

Increasing foreign direct investments (FDI) and the proliferation of technology in countries such as Mexico, India, Colombia, and Indonesia are creating remunerative opportunities for acrylic paints manufacturers.

Supportive government investments and tax policies further the growth of infrastructure development, which in turn is resulting in demand for acrylic paint and boosting acrylic paints market.

How is the Competition Landscape in Acrylic Paints Market?

Key players in the acrylic paints market are Azkonobe, Asian Paints India, BASF SE, Berger Paints India, Berkshire Hathaway among others.

Manufacturers are focusing on enhancing their product portfolios for manufacturing the best acrylic paint and complementing features such as colours, finish, adhesion, consistency, resistance to water and sunlight.

Major players are leveraging industrial automation to expand their production capacity and global footprint.

As residential infrastructure is a high growth area in developing countries, market players are capitalizing on research efforts towards evolving consumer trends in colour preference and desired finishes.

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