Industry Background:
Acrylic paint contains pigment suspended in a binder of acrylic polymer emulsion. Water is the vehicle for the acrylic polymer emulsion and acrylics are sold in tubes or jars. It can be applied to the support i.e., canvas, paper, etc. in a number of different ways like, via a paintbrush, palette knife, fingers, or just about anything. They can be used right from the jar or tube, while in most cases the paint is mixed on a palette first. The adaptability of acrylic paint allows it to mimic the very different qualities of both watercolors and oil paints. Acrylics enables artists to capture bold colors and create images that appear solid and substantial.This growth is primarily driven by Growing Demand of Canvass Painting Across the World
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
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 Winsor Newton (United Kingdom), Liquitex (United States), Sennelier (France), Golden Paints (United States), M. Graham Co. (United States), Schemincke (Germany), Daler-Rowney Ltd (United Kingdom), Matisse Structure Paint (Australia), Maimeri blue (Italy) and Old Holland (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2022, Golden Artist Colors Acquires Two Revolutionary Professional Art Materials Brands — PanPastel and Sofft Tools. This acquisition is a significant move by Golden Artist Colors to expand its product offerings and strengthen its position in the art materials market. PanPastel is known for its unique pan-based pastel colors, offering artists a versatile and blendable medium for various art techniques. Sofft Tools, on the other hand, provides a range of innovative applicators and tools designed for working with different art mediums, including pastels and paints. By incorporating these brands into its portfolio, Golden Artist Colors aims to provide artists with a comprehensive range of high-quality materials to enhance their artistic expression and creativity.
In March 2022, Sennelier's launched its first range of acrylic paints, marking its entry into the acrylic paint market. This expansion demonstrates Sennelier's commitment to providing artists with a comprehensive range of high-quality art supplies. By introducing their own line of acrylic paints, Sennelier aims to offer artists a new medium for creative expression, combining their expertise in pigments and color formulation with the versatility and characteristics of acrylic paints. This expansion opens up new possibilities for artists who already appreciate Sennelier's products and attracts a broader audience of acrylic paint users looking for innovative and reliable options.The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, new product launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions and focusing on increasing their client base to strengthen market position.
Influencing Trend:
Growth in Unique Formulations of Paints
Market Growth Drivers:
Growing Demand of Canvass Painting Across the World and Increasing Number of Artists
Challenges:
Concerns Regarding Toxicity Level of Acrylic Paints
Restraints:
High Raw Material Prices
Opportunities:
Huge 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 mainly 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 market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Acrylic Paint Pigment Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Acrylic Paint Pigment Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Acrylic Paint Pigment players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
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
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Acrylic Paint Pigment Study Sheds Light on
The Acrylic Paint Pigment Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Acrylic Paint Pigment industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Acrylic Paint Pigment 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.