Acrylic Paints Market Predicted to Reach US$ 165 Mn by 2031, Growing at a CAGR of 4.4% | Persistence Market Research

The global acrylic paints market is on a steady growth trajectory, projected to expand at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. According to Persistence Market Research, the market is expected to increase from an estimated valuation of US$ 122.4 Mn in 2024 to US$ 165 Mn by the end of 2031. This growth is largely fueled by increasing demand from the art & craft segment, expanding construction activities, and the rising trend of DIY home decoration across various regions.

Acrylic paints, known for their fast-drying properties, vivid pigmentation, and water-solubility, have become a preferred choice in both industrial and artistic applications. Their versatility, durability, and resistance to weather make them highly suitable for interior and exterior use. The artist-grade paints segment is leading the market in terms of value, primarily due to the surging popularity of creative hobbies. Meanwhile, North America has emerged as the dominant regional market, driven by a mature art community, strong institutional sales, and robust home renovation trends.

Elevate your business strategy with comprehensive market data. Request a sample report now: https://www.persistencemarketresearch.com/samples/34216

✅Key Highlights from the Report:

➤The global acrylic paints market is projected to reach US$ 165 Mn by 2031, growing at a CAGR of 4.4%.
➤Artist-grade acrylic paints hold the highest market share due to demand from professionals and hobbyists.
➤North America remains the leading market, supported by strong consumer spending on arts and home improvement.
➤Water-based acrylics dominate due to their non-toxic composition and ease of use.
➤Rising DIY trends and online art tutorials are significantly boosting the sales of acrylic paints.
➤The Asia Pacific market is witnessing rapid growth due to increasing art education and rising disposable income.

✅Market Segmentation:

The acrylic paints market can be segmented by product type into artist-grade and student-grade. Artist-grade paints contain a higher concentration of pigments and offer superior lightfastness and color retention, making them ideal for professional use. Student-grade paints, on the other hand, are more affordable and suitable for beginners or educational purposes, thus catering to schools, colleges, and hobbyists.

Another key segmentation is based on application, where the market is divided into art and craft, construction, and industrial coatings. While art and craft continue to dominate the application landscape, construction and industrial applications are steadily growing. Acrylic-based paints are increasingly used for protective and decorative purposes in both commercial and residential buildings due to their UV resistance and durability.

✅Regional Insights:

North America remains the most lucrative region in the acrylic paints market. The strong presence of professional artists, art institutions, and growing popularity of DIY home decor have significantly contributed to the region's leading position. Additionally, rising awareness around eco-friendly products supports the growth of water-based acrylic paints.

Asia Pacific is rapidly emerging as a high-growth region. Increasing investment in art education, coupled with the rise of art tourism and e-commerce platforms offering global access to premium paint brands, has accelerated market expansion. Countries like China and India are witnessing a surge in demand from both the commercial and consumer segments.

Market Drivers

One of the main drivers propelling market growth is the surging popularity of creative hobbies and DIY culture. Platforms like YouTube and Pinterest have cultivated a growing base of amateur artists and crafters who prefer acrylics due to their ease of use and vibrant results. The affordability of student-grade options has made these paints accessible to a broader audience.

Additionally, the growth of the real estate and construction industry globally has opened up new avenues for acrylic paints in coatings and surface finishes. Their resistance to fading, cracking, and yellowing makes them ideal for architectural and protective coatings. Acrylics are also being integrated into new formulations for environmentally responsible building materials.

Market Restraints

Despite promising growth, the market faces challenges such as price volatility of raw materials. Acrylic paints are made from petrochemical derivatives like acrylic acid and methacrylate, which are susceptible to fluctuations in crude oil prices. These changes can impact manufacturing costs and pricing strategies.

Another limitation is the lack of awareness in certain developing regions, where traditional oil-based or solvent-based paints still dominate. Many potential consumers in low-income markets are unfamiliar with the benefits of acrylic paints or lack access to quality products, which restricts penetration.

Market Opportunities

The growing consumer inclination toward sustainable and non-toxic products presents a major opportunity. Water-based acrylic paints, free from volatile organic compounds (VOCs), align well with green building codes and eco-conscious consumer preferences. Manufacturers that focus on plant-based or bio-derived formulations stand to gain significantly.

Moreover, the expansion of e-commerce and online art communities is opening up direct-to-consumer channels for paint brands. Small-scale producers and niche product lines now have greater visibility, and end users have access to an expansive range of acrylic paint products globally. Personalization and subscription-based offerings are also gaining traction in this space.

✅Reasons to Buy the Report:

■Understand the growth trajectory of the acrylic paints market and future outlook through 2031.
■Access valuable insights into product innovations, sustainability trends, and material preferences.
■Evaluate competitive dynamics and emerging players in the global and regional markets.
■Gain clarity on market segmentation to identify key investment and expansion areas.
■Leverage data-driven intelligence to support marketing and strategic planning decisions.

Do You Have Any Query Or Specific Requirement? Request Customization of Report: https://www.persistencemarketresearch.com/request-customization/34216

✅ Key Players

✦BASF SE
✦Dow Inc.
✦Nippon Paint Holdings Co., Ltd.
✦PPG Industries, Inc.
✦Asian Paints Limited
✦Sherwin-Williams Company
✦Royal Talens BV
✦Liquitex
✦Colart Group
✦Pebeo SA

■Royal Talens introduced a new line of eco-friendly, highly pigmented acrylic paints designed for professionals.
■Liquitex launched a refillable packaging initiative to reduce plastic use and enhance sustainability practices.

In summary, the acrylic paints market is expected to witness healthy and sustained growth driven by the convergence of artistic demand, industrial utility, and environmental innovation. The shift toward eco-conscious consumer behavior, combined with expanding global access to acrylic paint products via online retail, sets the stage for continued market development. As more consumers and businesses seek vibrant, durable, and environmentally friendly paint solutions, acrylics will play a pivotal role in meeting these evolving needs through 2031 and beyond.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.