Press release
Tempera Paint Market Estimated to Experience a Hike in Growth by 2024 - 2031 | Crayola LLC, Faber-Castell AG, Sargent Art
Tempera Paint Market
Global tempera paint market is estimated to be valued at USD 4.39 Bn in 2024 and is expected to reach USD 6.38 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Market Dynamics:
The increasing number of schools and rising adoption of arts and crafts activities in the education curriculum are fueling the demand for tempera paints. According to UNESCO Institute for Statistics, the global enrollment ratio in primary education increased from 89% in 2015 to 91% in 2020. In addition, tempera paints are vibrant, non-toxic, washable, and inexpensive. They are widely used by teachers, students, and parents for projects, illustrations, and posters. Moreover, the advantages of tempera paint over other types, such as oil paints, including easier blending and clean up are also contributing to its increased adoption.
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Tempera Paint Market Opportunity - Expansion in DIY and Craft Hobbies
With people spending more time at home during the pandemic, there has been increasing focus on do-it-yourself (DIY) activities and craft hobbies. Tempera paints are well suited for various colorful art and craft projects undertaken as hobbies by adults and kids. Leading manufacturers can potentially tap into the expanding DIY and hobby segment by launching tempera paints incorporated with newer color shades, themes and design templates. Product innovation and effective marketing can help tempera paints gain broader usage beyond schools in individual households engaged in crafting as a pastime activity. This offers new growth avenues for players in the market.
Tempera Paint Market Trend - Focus on Eco-friendly Variants
With rising environmental consciousness, there is a growing demand for sustainable products across industries. In the tempera paints market too, manufacturers are investing in developing eco-friendly variants with natural ingredients, less-toxic pigments and bio-degradable packaging. Some key players have launched tempera paint lines with organic and vegetable based dyes. The trend is expected to gain further traction with strict regulations and evolving buyer preferences favoring green alternatives. The transition towards natural and sustainable product variants will remain a major trend shaping the future outlook of tempera paints market.
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Top Companies Featured in This Report:
★ Crayola LLC
★ Faber-Castell AG
★ Sargent Art
★ Reeves (Colart Group)
★ Liquitex (Colart Group)
★ Sax Arts & Crafts
★ Prang (Dixon Ticonderoga Company)
★ RASCHER GmbH
★ Richeson Art Material
★ Jovi S.L.
★ Handy Art
★ Prang
★ Pelikan
Market Segmentation:
By Product Type:
★ By End User: Schools and Educational Institutions, Professional Artists, Hobbyists and DIY Enthusiasts
★ By Packaging: Bottles and Tubes
★ By Colour Variation: Basic colours and Assorted colours
★ By Price Range: Economy Range, Mid-range, Professional Grade
★ By Distribution Channel: Retail Stores and Online Store
By Applications:
★ By Application : Fine Arts and Crafts
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Tempera Paint Market Competition Landscape by Players
Chapter 4: Assessment of Tempera Paint Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Tempera Paint sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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