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Global Acrylic Water Based Paints Market Worth $44.85 Billion by 2029, Growing at 5.8% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.Acrylic Water Based Paints Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, the market size for acrylic water-based paints has seen substantial growth. It is projected to grow from $33.92 billion in 2024 to $35.8 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. Contributing elements to this historical growth include, tougher environmental regulations, heightened consumer knowledge regarding the health and environmental advantages of acrylic water-based paints, a shift in architectural trends towards sustainable and eco-friendly construction materials, an increase in construction and renovation activities, and supportive initiatives from the government.
What Is the Expected CAGR for the Acrylic Water Based Paints Market Growth Through 2029?
In the coming years, the market size for acrylic water-based paints is projected to experience robust growth, escalating to $44.85 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. This anticipated growth during the forecast period is due to factors such as the emergence of new application areas, increased use of digitalization in marketing approaches, a heightened concentration on eco-friendly practices in the paint industry, expanding market presence in developing regions, and a rising demand for individualized color options through the use of acrylic water-based paints. Noteworthy market trends for the forecast period include the development of advanced formulation processes, creative packaging solutions, digital tools for color matching, the use of environmentally-friendly additives, the incorporation of intelligent paint monitoring systems, IoT sensors, predictive maintenance algorithm and implementation of modular paint systems.
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What Are the Primary Drivers Behind Acrylic Water Based Paints Market Growth?
The upswing in construction activities is predicted to spur the advancement of the acrylic water-based paint market in the near future. These activities encompass the creation, renovation, or modification of buildings, infrastructure, and various other structures. The rise in construction is attributed to the expansion of urban areas, infrastructure improvement initiatives, and swelling real estate markets, which stimulate the requirement for acrylic water-based paints. Often, these construction ventures incorporate renovation, refurbishment, and preservation actions intended to improve the aesthetics and practicality of pre-existing structures. Acrylic water-based paints serve both interior and exterior uses within these construction projects. For example, in November 2023, the Office for National Statistics, a UK-based national statistical institute, reported a 3.9% (£393 million) hike in the total new constructions in Great Britain, a rise from Quarter 2 in the same year. This growth was largely due to major boosts in public and infrastructure new orders, experiencing increases by 23.7% (£265 million) and 14.3% (£204 million) respectively. Hence, the escalation of construction activities is bolstering the growth of the acrylic water-based paint market.
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What Are the Key Segments Driving Acrylic Water Based Paints Market Growth?
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)
What Are the Technological Trends Impacting the Acrylic Water Based Paints Market?
Firms involved in the acrylic water-based paint sector put a great emphasis on technological advancements and enhancements, specifically bio-based technology which integrates plant-derived components as alternatives to petroleum-based resins. The objective of this innovative technology is to lessen the environmental impact of paint production by providing eco-friendly solutions for end users. To illustrate, in January 2023, PT Mowilex Indonesia, a firm based in Indonesia that specializes in the creation of superior paints and coatings, introduced Naturalle Paint, a water-based acrylic solution that utilizes bio-based technology and comprises 28% renewable raw materials. This ground-breaking paint eliminates formaldehyde from the air indoors, thanks to the plant-based elements, enhancing the quality of the indoor air due to its zero-VOC composition and formaldehyde absorption capacity. Naturalle paint is green and boasts a feature that allows for formaldehyde reduction, thereby improving indoor air quality.
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Who Are the Major Competitors in the Global Acrylic Water Based Paints Market?
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 Region Dominates the Acrylic Water Based Paints Market Share in 2025?
Asia-Pacific was the largest region in the acrylic water based paints market in 2024. 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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