Acrylic Water Based Paints Market Size, Future Trends, Key Growth Drivers, Share Analysis And Forecast To 2033

The new report published by The Business Research Company, titled Acrylic Water Based Paints Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the acrylic water based paints market size has grown strongly in recent years. It will grow from $31.81 billion in 2023 to $33.92 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The acrylic water based paints market size is expected to see strong growth in the next few years. It will grow to $44.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15503&type=smp

Growing Construction Activities Fuel Demand For Acrylic Water-Based Paints
The increasing construction activities are expected to propel the growth of the acrylic water-based paint market going forward. Construction activities refer to tasks involved in creating, renovating, or modifying buildings, infrastructure, and other structures. The increasing number of construction is due to growing urbanization, infrastructure development projects, and expanding real estate markets, which fuel the demand for water-based acrylic paints. Construction projects often involve renovation, refurbishment, and maintenance activities to enhance the appearance and functionality of existing structures. Acrylic water-based paints are used for both interior and exterior applications in construction projects. For instance, in November 2023, according to the Office for National Statistics, a UK-based national statistical institute, the total construction of new orders in Great Britain saw a 3.9% (£393 million) increase in Quarter 3 of 2023 compared to Quarter 2 of the same year. This rise was predominantly driven by significant increases in public other new orders and infrastructure new orders, which surged by 23.7% (£265 million) and 14.3% (£204 million), respectively. Therefore, increasing construction activities are driving the acrylic water-based paint market.

Bio-Based Technology Revolutionizes The Acrylic Water-Based Paint Market
Companies operating in the acrylic water-based paint market focus on technology-driven improvements with bio-based technology, incorporating natural plant-derived ingredients to replace petroleum-based resins. This bio-based technology innovation aims to reduce the carbon footprint of paint production while offering environmentally sustainable solutions for consumers. For instance, in January 2023, PT Mowilex Indonesia, an Indonesia-based company that manufactures premium paints and coatings, launched Naturalle Paint, a water-based acrylic binder with bio-based technology that contains 28% renewable raw materials. This innovative paint removes formaldehyde from indoor air by utilizing plant-based elements, improving indoor air quality with its zero-VOC formulation and ability to absorb formaldehyde. Naturalle paint is environmentally friendly and features a formaldehyde abatement capability that can enhance indoor air quality.

The acrylic water based paints market covered in this report is segmented -

1) By Component: Pigment, Binder, Other Component
2) By Substrate Material: Metal, Paper, Wood, Canvas, Fabric, Glass, Other Substrate Materials
3) By Application: Skirting Board, Metal Appliances, Outdoor Furniture, Architectural Paints, Bridges, Other Applications
4) By End-Use Industry: Building And Construction, Electrical And Electronics, Textile, Footwear, Furniture, Other End-Use Industries

Buy Now & Get Exclusive Discount on this Report, Checkout link @ https://www.thebusinessresearchcompany.com/Discount?id=15503&type=discount

Major companies operating in the acrylic water based paints market are BASF SE, Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., Masco Corporation, RPM International Inc., Axalta Coating Systems Co. Ltd., Diamond Vogel Paints, Valspar Corporation, Kansai Paint Co. Ltd., Asian Paints Limited, Jotun A/S, Cromology, Hempel A/S, DAW SE, Benjamin Moore And Co., Dunn-Edwards Corporation, Teknos Group, Tikkurila, Kelly-Moore Paints, Flugger Group, Tamiya Incorporated, Musashi Paint Co. Ltd., Meffert AG Farbwerke

Contents of the report:
1. Executive Summary
2. Acrylic Water Based Paints Market Report Structure
3. Acrylic Water Based Paints Market Trends And Strategies
4. Acrylic Water Based Paints Market - Macro Economic Scenario
5. Acrylic Water Based Paints Market Size And Growth
…..
27. Acrylic Water Based Paints Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/acrylic-water-based-paints-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.