Major Force in the Acrylic Water Based Paints Market 2025: Growing Construction Activities Fuel Demand For Acrylic Water-Based Paints

"How Will the Acrylic Water Based Paints Market Grow, and What Is the Projected Market Size?
In recent times, the acrylic water-based paints market has seen a firm rise in its size. The forecast is for the market to swell from $33.92 billion in 2024 to $36.29 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.0%. Factors influencing this growth during the historical period comprise increasingly rigorous environmental rules, heightened consumer consciousness about the health and ecological advantages of acrylic water-based paints, the shift in architectural trends towards sustainable and environmentally friendly building materials, the growth of construction and renovation undertakings, and rising government initiatives supportive of this trend.

In the coming years, the market size of acrylic water-based paints is anticipated to experience robust growth, eventually reaching $46.93 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. The growth during this forecast period can be credited to evolving application sectors, escalating digitalization in marketing tactics, increasing emphasis on sustainable methods within the paint industry, surging market inroads in developing areas, and heightened demand for bespoke and unique color choices made through acrylic water-based paints. The forecast period will see emerging trends such as cutting-edge formulation methods, creative packaging solutions, digital color coordination tools, use of eco-friendly additives, amalgamation of intelligent paint monitoring systems, IoT sensors, predictive maintenance algorithms, and the adoption of modular paint systems.

What Is Driving the Growth Trajectory of the Acrylic Water Based Paints Market?
The spike in construction operations is anticipated to drive the acrylic water-based paint market's expansion. Construction operations encompass the creation, renovation, or alteration of buildings, infrastructure, and other physical structures. The surge in construction can be attributed to escalating urbanization, infrastructure enhancement projects, and flourishing real estate markets, which all contribute to the escalated demand for acrylic water-based paints. Construction undertakings often incorporate refurbishment and upkeep tasks to improve existing structures' aesthetics and utility. These acrylic water-based paints find applications in both interior and exterior contexts within construction tasks. For example, in November 2023, data from the Office for National Statistics, a British statistical organization, indicated a 3.9% (£393 million) increase in new construction orders in Great Britain in the third quarter of 2023, as compared to the second quarter of that year. This surge was principally fueled by substantial growth in public other new orders and infrastructure new orders, exhibiting increases of 23.7% (£265 million) and 14.3% (£204 million), respectively. Hence, the uptrend in construction tasks is propelling the expansion of the acrylic water-based paint market.

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Who Are the Major Industry Players Fueling Acrylic Water Based Paints Market Expansion?
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

Which Key Developments Are Influencing the Acrylic Water Based Paints Market?
Firms engaged in the acrylic water-based paint market are directing their attention towards improvements underpinned by technology, specifically bio-based tech that includes ingredients sourced from plants to substitute petroleum-derived resins. The objective of this bio-based tech advancement is to curtail the carbon emissions during paint development while also offering green solutions for users. To illustrate, PT Mowilex Indonesia, a company based in Indonesia known for producing high-quality paints and coatings, in January 2023, introduced Naturalle Paint. This is an acrylic binder based on water which employs bio-based technology and comprises of 28% renewable raw materials. This ground-breaking paint absorbs formaldehyde from within indoor spaces by leveraging plant-based components, thereby enhancing the quality of indoor air through its formaldehyde-absorbing and zero-VOC (volatile organic compounds) formulation. Being environmentally-friendly, Naturalle paint also has an ability to mitigate formaldehyde, augmenting indoor air quality.

How Is the Segmentation of the Acrylic Water Based Paints Market Defined?
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

Subsegments:
1) By Pigment: Organic Pigments, Inorganic Pigments, Titanium Dioxide, Iron Oxide Pigments, Other Specialty Pigments
2) By Binder: Acrylic Resin, Styrene-Acrylic Resin, Pure Acrylic Resin, Other Synthetic Resins
3) By Other Component: Solvents (Water, Alcohols, Glycol-Based), Additives (Thickeners, Dispersants, Surfactants), Fillers (Calcium Carbonate, Kaolin), Preservatives (Antimicrobial Agents), Other Chemical Additives (UV Stabilizers, Anti-corrosive Agents)

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What Is the Leading Region in the Acrylic Water Based Paints Market?
Asia-Pacific was the largest region in the acrylic water based paints market in 2023. The regions covered in the acrylic water based paints market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Acrylic Water Based Paints Global Market Report?

- Market Size Analysis: Analyze the Acrylic Water Based Paints Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Acrylic Water Based Paints Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Acrylic Water Based Paints Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Acrylic Water Based Paints Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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