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Key Trends Reshaping the Acrylic Water Based Paints Market: Bio-Based Technology Revolutionizes The Acrylic Water-Based Paint Market Industry Transformation
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Acrylic Water Based Paints Market Size Growth Forecast: What to Expect by 2025?
The market for acrylic water-based paints has seen robust growth in the past few years. The current market value of $33.92 billion in 2024 is projected to increase to $36.29 billion in 2025, marking a compound annual growth rate (CAGR) of 7.0%. This growth during the historic period is largely due to stricter environmental laws, heightened customer awareness regarding the health and environmental advantages of acrylic water-based paints, shifting architectural patterns favoring sustainable and environmentally friendly construction materials, a surge in construction and renovation activities, and supportive government initiatives.
How Will the Acrylic Water Based Paints Market Size Evolve and Grow by 2029?
The market for acrylic water-based paints is predicted to witness robust expansion in the forthcoming years, reaching an estimated value of $46.93 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%. This surge during the forecast period is due to factors such as the emergence of new application areas, the increased use of digital technology in marketing, a growing emphasis on sustainability within the paint industry, heightened market penetration in emerging regions, and a rise in demand for personalized color options provided by acrylic water-based paints. Significant trends forecasted for this period encompass advanced paint formulation methods, cutting-edge packaging solutions, digital tools for color matching, the incorporation of eco-friendly additives, integration of intelligent paint monitoring systems, IoT sensors, predictive maintenance algorithms, and the employment of modular paint systems.
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What Drivers Are Propelling the Growth of Acrylic Water Based Paints Market Forward?
The uptick in construction endeavors is predicted to push the expansion of the acrylic water-based paint market in the near future. Construction undertakings include the development, alteration, or refurbishment of buildings, infrastructures, and various other structures. The escalating number of construction activities is a result of burgeoning urbanization, infrastructural enhancement projects, and growing real estate sectors which thereby instigate the requirement for water-based acrylic paints. In the course of infrastructure development projects, activities like refurbishing, renovation, and maintenance are often required to upgrade the visual appeal and utility of the existing structures. Such projects extensively use acrylic water-based paints for both exterior and interior applications. For instance, the Office for National Statistics, a national statistical institution based in the UK, reported in November 2023 that the total construction of new orders in Great Britain observed a raise of 3.9% (£393 million) in the third quarter of 2023 as compared to the second quarter of the same year. The primary contributors to this growth were substantial rises in public new orders and infrastructure new orders, which jumped by 23.7% (£265 million) and 14.3% (£204 million) respectively. Therefore, the escalation in construction endeavors is propelling the acrylic water-based paint market.
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Which Emerging Trends Are Transforming the Acrylic Water Based Paints Market in 2025?
Firms in the acrylic water-based paint industry are prioritizing technological enhancements featuring bio-based methods, which use natural elements derived from plants as substitutes for petroleum-based resins. This proficiency in bio-based technology aims at shrinking the carbon emissions during paint manufacture and providing ecologically sustainable alternatives for customers. Take for example PT Mowilex Indonesia, a firm based in Indonesia that produces high-quality paints and coatings, introduced Naturalle Paint in January 2023. This water-based acrylic binder infused with bio-based technology consists of 28% renewable raw materials. This ground-breaking paint acts to eliminate formaldehyde from indoor air utilizing ingredients from plants, upgrading indoor air wellness through its zero-VOC formula and the capacity to soak up formaldehyde. Naturalle paint is eco-friendly and possesses the ability to reduce formaldehyde hence improving the indoor air purity.
What Are the Key Segments in the Acrylic Water Based Paints Market?
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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Who Are the Key Players Shaping the Acrylic Water Based Paints Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth 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.
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