Global Acrylic Paints Market Overview, 2024-29
The Acrylic Paints Market is segmented into By Product Type (Heavy Body Acrylics, Fluid Acrylics, Open Acrylics and Others), By Application (Walls, Fabrics, Metal, Ceramics and Others) and By Distribution Channel (Online and Offline).
- Bonafide Research
- 22-10-2024
- Region : Global
- Category : Consumer Goods & Services
- Household Goods
The global acrylic paints market, valued at over USD 400 million in 2023, is growing due to increasing environmental awareness and rising interest in sustainable art practices.
Acrylic Paints Market Analysis
The global acrylic paints market is a vibrant and evolving sector, characterized by its adaptability and wide range of applications. Acrylic paints are favored for their quick drying times, versatility, and ability to adhere to various surfaces, making them a popular choice among artists, hobbyists, and professionals. The market encompasses a diverse array of uses, from fine arts and crafts to industrial applications such as automotive coatings and architectural finishes. This versatility is driving the demand for acrylic paints across multiple industries, including construction, textiles, and home furnishings. Environmental regulations are increasingly influencing production processes, with a growing emphasis on sustainability. Governments in various regions are promoting eco-friendly practices and products, which has led manufacturers to innovate and develop low-VOC (volatile organic compounds) and non-toxic acrylic paints. These regulations not only aim to reduce environmental impact but also cater to the rising consumer demand for sustainable products. Organizations such as the American Coatings Association (ACA) provide resources, networking opportunities, and platforms for collaboration among industry stakeholders. These associations often engage in lobbying efforts to influence policy decisions that affect the industry. North America will provide a wider acrylic paint market competitive landscape, as numerous competitors are actively competing in the country. Also, economic developments in the country leverage their growth in the market, fueling the acrylic paint market growth. The growing urbanization and population in Asia-Pacific will elevate the acrylic paint market size. Moreover, governmental initiatives and policies will spur the demand trends for acrylic paints. Sustainability guidelines and circular economy trends will encourage leading acrylic paint manufacturers to produce eco-friendly goods in Europe. This will transform the acrylic paint market’s competitive landscape in the region. According to the research report "Global Acrylic Paints Market Overview, 2029," published by Bonafide Research, the Global Acrylic Paints market was valued at more than USD 400 Million in 2023. The growing concern about sustainability and the budding culture of DIY and upcycling projects spurs the demand for acrylic colors. Consumers redesign their homes with rising demand for acrylic colors. Painting houses, refurbishing furniture, and renovating home décor are another few key drivers for the acrylic paint market growth. The spurring infrastructural development drives the demand for interior design and painting. The rising commercial and non-commercial sectors spur the demand for acrylic paints, increasing the acrylic paint market size. The growing urbanization is a major driving force for the market demand enhancement. It also drives the demand for industrial coatings, fueling the market growth. Technological evolution is assisting leading acrylic paint manufacturers in innovating and augmenting products. Due to this, a wider range of choices are available for consumers, a key market driver. The growing art field demands acrylic paints. Also, the increasing freedom of artistic expression drives the acrylic paint market. The growing urbanization rate is attributed to the increasing population in the Globally. This drives the construction and building industry. This generates demand for acrylic paints. Due to the growing impasto techniques, the demand for heavy-body acrylics will likely increase. Also, they will add significantly to the market growth. The construction and building industry is an important market segment, and it holds the maximum market share due to the substantial growth in the sector. The rising consumer inclination toward eco-friendly and non-toxic paints is a key market trend inflating the acrylic paint market size. A spike in the preference for low-VOC acrylic paints is observed, governing the acrylic paint market growth.
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
Download SampleMarket Dynamic
Market Drivers • Growing Demand for Sustainable and Eco-friendly Products: Acrylic paints, due to their water-based formulation, are increasingly preferred for their low environmental impact compared to solvent-based paints. They emit fewer volatile organic compounds (VOCs), making them more suitable for residential, commercial, and industrial applications where sustainability and indoor air quality are priorities. The shift towards eco-friendly products is driven by stricter environmental regulations and increased consumer awareness about sustainability, boosting demand for acrylic paints. • Expanding Construction and Automotive Industries:The rapid growth in construction, especially in developing countries, has spurred demand for high-quality coatings like acrylic paints. The automotive sector, which uses acrylic paints for exterior and interior components due to their durability, UV resistance, and color retention, continues to drive growth. Infrastructure investments and the rising automotive sector in emerging markets further fuel this demand. Market Challenges • Fluctuating Raw Material Prices: Acrylic paints rely on petroleum-based materials such as acrylic acid and methyl methacrylate. Volatility in oil prices, which directly impacts raw material costs, creates uncertainty for manufacturers. This fluctuation affects profit margins and lead to pricing challenges for both producers and consumers. Companies need to manage cost pressures while maintaining competitive prices, making raw material volatility a significant challenge for the acrylic paints market. • Intense Market Competition: The acrylic paints market is highly competitive with numerous global and local players. Leading brands face constant pressure from low-cost manufacturers, especially in price-sensitive regions. To stay competitive, companies need to invest heavily in research, innovation, and marketing, which increases operational costs. This competition makes it difficult for smaller players to thrive, and the larger companies must constantly evolve to maintain market share. Market Trends • Shift Towards Waterborne and Low-VOC Paints: Increasing consumer preference for safer, low-VOC products is driving innovation in waterborne acrylic paints. Governments and environmental bodies impose stricter regulations on the use of hazardous chemicals, encouraging manufacturers to produce more eco-friendly formulations. The rising focus on sustainable construction practices and the push for green building certifications further support this trend, making waterborne paints a growing segment. • Rise of Smart Paints and Coatings: Technological advancements have led to the development of smart acrylic paints with features like self-cleaning, antimicrobial, and UV-protective properties. These specialty coatings are gaining popularity across residential, commercial, and industrial applications. For example, antimicrobial coatings are increasingly in demand post-pandemic, while UV-protective paints offer extended durability in outdoor applications, catering to evolving consumer needs for functional, long-lasting solutions.
Acrylic Paints Segmentation
| By Product Type | Heavy Body Acrylics | |
| Fluid Acrylics | ||
| Open Acrylics | ||
| Others | ||
| By Application | Walls | |
| Fabrics | ||
| Metal | ||
| Ceramics | ||
| Others | ||
| By Distribution Channel | Online | |
| Offline | ||
Based on the report, the product type is segmented into heavy body acrylics, fluid acrylics, open acrylics, others. Heavy Body Acrylics are characterized by their thick consistency, making them suitable for applications requiring high viscosity and structural integrity. These acrylics are often used in artistic endeavors, such as painting and crafting, where a textured finish is desired. Their ability to hold brush strokes and maintain form after application makes them a preferred choice among artists. Fluid Acrylics, on the other hand, have a lower viscosity, allowing for smooth application and easy blending. They are ideal for techniques such as pouring and glazing, where a more fluid consistency is beneficial. Fluid acrylics are versatile and can be used in a variety of artistic applications, from fine art to decorative crafts. Open Acrylics are designed to remain workable for extended periods, allowing artists more time to blend colors and create detailed work without rapid drying. This property is particularly advantageous in techniques that require layering or intricate detail work. Open acrylics provide a unique solution for artists who prefer to work slowly or in a more controlled manner. The others category encompasses various specialty acrylics and formulations that cater to niche applications. These include additives or mixed media products that enhance specific properties such as adhesion, flexibility, or durability. Based on the report, the application is segmented into walls, fabrics, metal, ceramics, others. Walls are a primary application for acrylic paints due to their excellent adhesion, durability, and water resistance. These properties make them ideal for both interior and exterior surfaces, allowing for vibrant colors that can withstand various environmental conditions. Acrylic paints are commonly used in residential and commercial buildings, enhancing aesthetic appeal while providing protective coatings. Fabrics utilize acrylic paints in textile applications, where they offer flexibility and a wide range of color options. These paints are often employed in fashion design and home décor, allowing artists and manufacturers to create unique patterns and designs on fabric materials. The ability of acrylics to bond well with textiles ensures that colors remain vivid and do not easily fade. In the Metal sector, acrylic paints are favored for their resistance to corrosion and rust. They provide a protective layer that enhances the longevity of metal surfaces, making them suitable for automotive, industrial, and architectural applications. Their quick drying time also allows for efficient production processes. Ceramics benefit from acrylic paints because they can be used to create decorative finishes on pottery and tiles. These paints adhere well to ceramic surfaces and can be sealed to enhance durability. The others category encompasses various applications such as arts and crafts, furniture refinishing, and specialized industrial uses. This versatility highlights the broad appeal of acrylic paints across different sectors, driven by their adaptability and performance characteristics. Based on the report, the distribution channel is segmented into offline, online. Offline distribution remains a significant segment, primarily comprising specialty stores, art supply shops, and larger retail outlets. These physical stores offer customers the advantage of directly interacting with products, allowing them to assess color options, texture, and quality before making a purchase. The knowledgeable staff in these stores can provide personalized recommendations and guidance, enhancing the shopping experience for artists and hobbyists alike. This channel is particularly favored by professionals who prefer to see and feel the products they are buying, ensuring they meet their specific artistic needs. Online distribution has emerged as the fastest-growing segment in the acrylic paints market. The rise of e-commerce platforms has transformed how consumers access art supplies, providing convenience and a broader selection of products. Online retailers often feature extensive inventories that not available in local stores, allowing customers to explore various brands and formulations from the comfort of their homes. This shift towards online shopping is driven by increasing digitalization and consumer preferences for quick and easy purchasing options. Moreover, online platforms enable manufacturers to reach a wider audience globally, overcoming geographical barriers that might limit offline sales.
Click Here to Download this information in a PDF
Acrylic Paints Market Regional Insights
Asia Pacific is the fastest-growing region in the acrylic paints market primarily due to rapid urbanization and increasing infrastructure development in emerging economies like India and China. The region's growth is significantly driven by a burgeoning population that demands more housing and commercial spaces, leading to a surge in construction activities. As urban areas expand, there is a heightened need for high-quality, durable paints that can withstand environmental factors while providing aesthetic appeal. Acrylic paints, known for their quick drying time, versatility, and low toxicity, are particularly favored in these applications. Rising disposable incomes allow consumers to invest in home improvement and renovation projects, further boosting demand for acrylic paints. The presence of major manufacturers in the region, such as Nippon Paints and Asian Paints, facilitates easy product availability and innovation in paint formulations, catering to diverse consumer needs. Favorable government policies aimed at enhancing infrastructure are propelling investments into construction and renovation projects across Asia Pacific. This combination of demographic trends, economic growth, and supportive policies creates a robust environment for the acrylic paints market to thrive.
Click Here to Download this information in a PDF
Key Development
• In February 2024, BASF Coatings signed a partnership agreement with INEOS Automotive. It is a three-year agreement that will launch a global body and paint program. This move will elevate the organization’s market status, availing a better marketplace for the business. • In April 2024, AkzoNobel invests €8 million in Dutch research labs. This has been aimed at enhancing the innovation capacity of its plants. The organization seeks to expand its innovation, lifting its product standards. Consequently, the business will gain a sustainable competitive advantage. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Acrylic paints market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type • Heavy Body Acrylics • Fluid Acrylics • Open Acrylics • Others By Application • Walls • Fabrics • Metal • Ceramics • Others By Distribution Channel • Online • Offline The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Acrylic paints industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
Request Table of Contents
Related Reports
Allows one individual to access the purchased report Read More
Allows up to five individuals to access the purchased report Read More
Allows all employees of an organization to access the purchased report. Internal sharing only Read More
Allows all employees of an organization to access the purchased report. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral Read More
Safe and Secure SSL Encrypted
Quick Contacts
Want to customize this report?
We offer 10% Free Customization at the time of purchase
Get Free Customization
Trusted Partners
Budget constraints? Get in touch with us for special pricing
Request DiscountOrder Detail
- Order Placed (21 November, 2024)
- Notify To Team (21 November, 2024)
- Report updation (22 November, 2024)
- Report Quality Check (22 November, 2024)
- Report Dispatch (23 November, 2024)
- Hard Copy
Recently Viewed Products
Global Acrylic Paints Market Overview, 2024-29
We are friendly and approachable, give us a call.