The acrylic paints market has witnessed significant growth over the past few years due to its advantages over traditional oil paints such as fast drying time, water cleanup, and vibrant color. Acrylic paint forms a hard, durable bond with canvas that allows for layering and blending of colors without disturbing underlying paint. It is widely used for artistic and craft applications such as graphic arts, fine art, advertising, and home décor.
The Global acrylic paints market is estimated to be valued at US$ 334.38 Mn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 To 2031.
Key Takeaways
Key players: The key players operating in the acrylic paints market are The Kraft Heinz Company, Fonterra Co-operative Group Limited, Groupe Lactalis S.A., Grande Cheese Company, Arla Foods Inc., BelGioioso Cheese Inc., Granarolo S.p.A, Saputo Cheese USA Inc., Sargento Foods Inc., and Organic Valley.
Key opportunities: Acrylic Paints Market Demand from the decor industry for production of acrylic paints in various colors and shades is expected to present lucrative opportunities. Increasing demand for water-based and low VOC paints from the construction industry will further aid market growth over the forecast period.
Global expansion: Key players are expanding their production facilities globally especially in Asia Pacific and South America to leverage increased demand. Acrylic paint companies are also focusing on product innovation by developing premium and eco-friendly paints to capture more market share.
Get More Insights On, Acrylic Paints Market
For More Insights Discover the Report In language that Resonates with you