Artist Grade Acrylic Paints Market Size, Share, Growth, And Industry Analysis By Type (Fluid Acrylics, Heavy-Body Acrylics, and Others) By Application (Amateur Artist and Professional Artist) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Artist Grade Acrylic Paints Market Report Overview

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The global artist grade acrylic paints market size was USD 411.2 million in 2021 and is expected to reach USD 663.66 million in 2031, exhibiting a CAGR of 4.6% during the forecast period.

Quick-drying acrylic paint is created by mixing pigment with plasticizers, silicone oils, defoamers, stabilizers, and metal soaps. The bulk of acrylic paints are water-based, however once dried, they become water-resistant. The subsequent acrylic painting can resemble a watercolor, fresco, or oil paint depending on how much the paint is diluted with water or altered with acrylic gels, mediums, or pastes. It can also have its own distinctive qualities that can't be achieved with other media. Highly qualified acrylic paints are made with the intention of withstanding chemical reactions brought on by exposure to air, UV light, and water. The most pigment is found in professional-grade acrylics, allowing for greater medium manipulation and minimizing color change when combined with other hues or after drying.

The need for water-based acrylic binders in household paints and artisanal products will propel the growth of the worldwide acrylic paint industry during the upcoming decade. Acrylic paints are  well known for their sturdiness, adaptability, and affordability, and they have grown to be a sizable market over time. Technology-driven improvements in acrylic paints are major drivers of the market's expansion. The range of applications for acrylic paints is expanding, as there are media that are more appropriate available.

COVID-19 Impact: Infrastructure Spending To Boost The Market

The global COVID-19 pandemic has been unprecedented and staggering, with artist grade acrylic paints market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The effects of the COVID-19 pandemic are already being felt on a global level, multiple governments were overwhelmed and felt the severe lack of infrastructure in healthcare and several other industries. As a result, the governments of various nations have ramped up their capital expenditure. Factors such as water resistance, superior finish and consistent drying time are propelling their adoption in construction projects.

Latest Trends

"Rise In Demand Due To Its Durability And Fast Drying Capabilities"

Due to their quick drying and durable qualities, acrylic paints are becoming quite popular among professional artists. It takes a while for oil paints to dry. The pigment may not be fully set for several days. Acrylic paints, on the other hand, dry out quickly and reduce the difficulty. Oil paints also have poor lightfastness. A pigment's lightfastness is measured by how quickly it ages in the presence of light. Acrylic and oil paintings respond to light in different ways. Oil paint ages and deteriorates. With time, the color gets less vibrant and the oil binder becomes more visible. Acrylic colors, however, do not deteriorate with time.

Artist Grade Acrylic Paints Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Fluid Acrylics, Heavy-Body Acrylics and others. Among these two segments, Heavy-Body Acrylics have the majority share of Artist Grade Acrylic Paints Market.

• By Application Analysis

Based on application, the market can be divided into Amateur Artist, Professional Artist. The Professional Artist dominates this segment due to its wider application in several industries.

Driving Factors

"Convenience and Low Maintenance to Ramp Up the Demand "

In recent times, professional painters, as well as the amateur, prefer acrylic paints because of their faster turnaround times. Compared to oil painting, acrylic painting requires fewer tools. They are practical, simple to transport and store, and cheaper than oil paints. Because of their flexibility and rapid drying time, many professional painters use acrylic paints. Additionally, because acrylic paints are simple to clean, they require less upkeep than oil paints and are non-toxic and won't fade or peel over time. Due to their advantages over other paints like oil and watercolours, professional artists are using acrylic paints more and more frequently ramping up the Artist Grade Acrylic Paints Market share.

"Market To Grow Due To Tech-Driven Advancement"

With the adoption of the latest technologies, the characteristics of the Artist Grade Acrylic Paints have been enhanced significantly such as sheen and scrubbability. True one-coat paints were made possible by advancements in water-based (latex or acrylic) paints. In order to make their products safer for the environment and less hazardous, the paint and coatings industry is modifying its formulae to limit the amount of chemicals released into the atmosphere after application. The most recent acrylic paints have a waterproof coating, so when water is applied to the surface whether from a hose or rain, it runs off the surface and picks up dirt.

Restraining Factors

"Drying Up Factor To Affect Consumer Preferences"

Acrylic paint can occasionally dry out or split inside the tube. It has dried when acrylic paint is hard, thick, lumpy, and difficult to remove from the tube. Most acrylic paints are made to dry quickly. However, there are times when the acrylic paint dries on the palette before it can be applied to the canvas. These factors make the artist working on long duration opt out of acrylic paints hampering the artist grade acrylic paints market growth.

Artist Grade Acrylic Paints Market Regional Insights

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"North America Is The Most Profitable Region Due To Its Large-Scale Adoption Of Acrylic Paints"

The fastest-growing utilization of acrylic paints in construction have made North America the most lucrative location for market participants. The North American acrylic paints market is expected to reach maturity in the near future, nevertheless, as opportunities in infrastructure building projects have reached saturation. Because of this, market players are focusing on revenue growth or underdeveloped markets like Latin America and Asia Pacific (APAC).

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Colart (U.K.)
• Daler-Rowney (U.K.)
• Sennelier (France)
• Matisse (U.S.)
• Lukas (Germany)
• Golden Artist Colors (U.S.)
• Turner Colour Works (Japan)
• Acrylicos Vallejo (Spain)
• Royal Talens (Netherlands)
• Decoart (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.