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Top Companies in the Non-Commercial Acrylic Paints Market include Liquitex Artist Materials, Decoart Inc., Winsor & Newton, Reeves, Faber-Castell, Plaid Enterprises Inc.

05-31-2019 12:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Non-Commercial Acrylic Paints Market

Non-Commercial Acrylic Paints Market

The US has been North America’s prime investment pocket over the years, where the demand for non-commercial acrylic paint is expected to remain sound over the course of coming years. The approximately US$ 230 million market for non-commercial acrylic paint is foreseen to grow by 4.3% Y-o-Y, in 2019. Future Market Insights (FMI) delivers key insights on the US non-commercial acrylic paints market, in its latest report.

The South US is cited as a prominent consumer market in the US landscape of non-commercial acrylic paint owing to a rich end-user base, with an above-average growth rate projected for the near future.

While heavy-body acrylics continue to gain strongest traction that has been attributed to their strong colors, better coverage, and fast-drying times, the report indicates that their adoption will be more prominent in canvas- and paper-based applications. Non-commercial acrylic paint application on canvas accounts for over 1/3rd of the total paint consumption, whereas that on paper and wood accounts for a combined share of more than 40%.

DIY Activities Are Providing a Significant Push to Market Growth

The report opines that the key applications of non-commercial acrylic paint across the US include canvas, paper, and wood, with artefacts designed by professional artists and students. With the advent of DIY crafts and hobby activities, other substrates such as metal and ceramics are also likely to present a range of lucrative opportunities for the usage of non-commercial acrylic paints. The growth and emergency of non-commercial acrylic paints in the US is prominently attributed to the growth of DIY-based artefacts and finished products, and considerable investments by academic institutions in skill development programmes, imbibing non-commercial acrylic paints to a significant degree.

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Apart from academic and commercial artefacts, non-commercial acrylic paints are particularly gaining popularity in home interior design, and additional design in terracotta and pottery items, thus creating additional scope of value addition for designers.

Over 60% Non-commercial Acrylic Paint Consumed in the US is Artist-grade

FMI has bifurcated the US market for non-commercial acrylic paint into two commonly available grades – viz. artist grade (high concentration of acrylic resin for slow drying sales channels) and student grade (low concentration of acrylic resin for fast drying sales channels). The varied degree of fast or slow drying rate immensely helps professional artists when designing a paint for a long-duration process or relatively short duration of finishing the paintwork applied.

Currently, more than 3/5th of the total consumption of non-commercial acrylic paint in the US is accounted by artist-grade paint. However, the dramatically increasing number of students developing interest in painting and related career options will translate into relatively higher opportunities for student-grade non-commercial acrylic paint in the US, as suggested by FMI’s analysis.

The market share of offline sales channels in the US non-commercial acrylic paint market is likely to remain clearly dominant over that of online sales channels. However, the report also points to a growing revenue share of online stores, which is expected to outpace in terms of rate of growth, over the coming years.

Us Non Commercial Acrylic Paints Market Reports - Table of Contents
1. Executive Summary

     1.1. U.S. Market Outlook

     1.2. Demand Side Trends

     1.3. Supply Side Trends

     1.4. Technology Roadmap

     1.5. Analysis and Recommendations

2. Market Overview

     2.1. Market Coverage / Taxonomy

     2.2. Market Definition / Scope / Limitations

3. Key Market Trends

     3.1. Key Trends Impacting the Market

     3.2. Product Innovation / Development Trends

4. Key Success Factors

     4.1. Product Adoption / Usage Analysis

     4.2. Product USPs / Features

     4.3. Analysis on Scope of Application By End Users (Individual Home vs. Artists/Designers vs. Educational Institutions)

     4.4. Demographic Analysis of U.S. for consumption of Non-Commercial Acrylic Paints

     4.5. Strategic Promotional Strategies

5. U.S. Non-Commercial Acrylic Paints Market Demand Analysis 2013-2017 and Forecast, 2018-2028

     5.1. Historical Market Volume (Units) Analysis, 2013-2017

     5.2. Current and Future Market Volume (Units) Projections, 2018-2028

     5.3. Y-o-Y Growth Trend Analysis

6. U.S. Non-Commercial Acrylic Paints Market - Pricing Analysis

     6.1. Regional Pricing Analysis By Grade

     6.2. Pricing Break-up

            6.2.1. Manufacturer Level Pricing

            6.2.2. Distributor Level Pricing

     6.3. U.S. Average Pricing Analysis Benchmark

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US Non-Commercial Acrylic Paints Market: Vendor Insights

The non-commercial acrylic paints market in the US is observed to be a fairly consolidated market, with the aggregate market share of tier-1 level established players more than half of the overall market value.

Aggressive marketing, product development, and consolidation of sales and service footprint will reportedly be the key developmental strategies of leading players in the US non-commercial acrylic paints market.

The report highlights some of the prominent companies that are operating in the US non-commercial acrylic paints market, such as Liquitex Artist Materials, Decoart Inc., Winsor & Newton, Reeves, Faber-Castell, Plaid, Crafts 4 All, Koninklijke Royal Talens B.V., Golden Artist Colors, Inc., Croma Atlier, M. Graham & Co., and PEBEO SAS.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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