Artist Grade Acrylic Paints Market Size, Global Trends, Latest Techniques, Key Segments and Geography Forecasts Till 2028

According to our latest market study on "Artist Grade Acrylic Paints Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Fluid Acrylics, Heavy-Body Acrylics, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others),'' the market was valued at US$ 925.24 million in 2021 and is projected to reach US$ 1,348.62 million by 2028; it is expected to grow at a CAGR of 5.5% from 2021 to 2028.

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Impact of COVID-19 Pandemic on Artist Grade Acrylic Paints Market

Many sectors, including the paints and coatings industry, faced unprecedented challenges due to the COVID-19 pandemic. Due to operational difficulties under COVID-19 safety protocols, the paint sector contracted sales during the initial months of the pandemic. The COVID-19 safety regulations made it harder for smaller businesses to operate and sell their products. The supply chains were completely disrupted due to nationwide lockdown and border restrictions, which negatively impacted the sales of paint products. Moreover, the manufacturing of acrylic paints got hampered due to the shortage of raw materials and labor. People started exploring their hobbies during the lockdown period, which created a significant demand for artist grade acrylic paints. Still, there was a demand and supply gap, owing to a shortfall in product supply and a breakdown in the distribution network.
Businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased the situation, leading to a rise in business activities across the globe. Due to the rising vaccination rates across the globe, the market started recovering from the losses, which is expected to positively impact the growth of the artist grade acrylic paints market.

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The report segments the artist grade acrylic paints market as follows:

Based on product type, the artist grade acrylic paints market is segmented into
• fluid acrylics
• heavy-body acrylics
• others.
• Based on distribution channel, the artist grade acrylic paints market is segmented into supermarkets
• hypermarkets
• specialty stores
• online retail
• others
Based on geography, the artist grade acrylic paints market is segmented into
• North America
• Europe
• Asia-Pacific (APAC)
• Middle East & Africa (MEA)
• South & Central America (SAM).

The global key players in Artist Grade Acrylic Paints market
• Acrylicos Vallejo
• Colart International Holdings Ltd.
• Da Vinci Paint Co.
• Daler-Rowney Ltd.
• Decoart, Inc.
• Derivan Pty Ltd.
• Lukas
• Pebeo
• Royal Talens BV.
• Sennelier

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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defence, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

This release was published on openPR.