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What are the factors driving the Acrylic Paints size? Berkshire Hathaway, Asian Paints India, Berger Paints India, Azkonobel, and BASF SE.

Acrylic Paints

Acrylic Paints

Acrylic Paint is made of pigment suspended in acrylic polymer emulsion, and possesses a variety of unique characteristics such as water resistance, fast drying, durability and flexibility, versatility of application on any surface such as canvas, paper, or glass, and ease of application.

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Acrylic paint is preferred by artists owing to its fast drying property. Moreover, acrylic paint is highly versatile and its properties can be modified by mixing it with water or other gels and pastes. The excellent durability of acrylic paints means their colour may not fade with time and the quality will remain consistent over the years. Since it is a plastic polymer, acrylic paint dries into a durable, flexible, and water resistant surface, and successive layers can be added to it without disturbing the layer at the core.

Market Dynamics

Acrylic paint is highly preferred over other forms such as oil paints, owing to the former’s unique properties such as consistent drying time, flexible nature, and durability among others. These features are driving demand for acrylic paints over its counterparts in the market. Acrylic paints have been classified into two grades: student acrylics, professional (or artist) acrylics.

The rising number of artists and canvas painting across the globe is likely to positively impact the global acrylic paints market. Growing preference for acrylic paints over oil paints by artists is estimated to rise steadily owing to a wide range of advantages.

Market Outlook

Asia Pacific is expected to be the largest market for acrylic paints owing to an increasing number of students focusing on painting and allied careers which has led to a large demand for non-commercial, student-grade acrylic paints in the region. Furthermore, growing economies in the Latin America region are likely to account for a significant market share over the forecast period.

Key Players

Some of the major players in the global acrylic paint market are Berkshire Hathaway, Asian Paints India, Berger Paints India, Azkonobel, and BASF SE.

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