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Acrylic Paints Market By Type (Fluid Acrylics, Heavy-Body Acrylics, Slow-Drying Acrylics), By Technology (Water-Based, Solvent-Based), By Application (Arts & Crafts, Building & Construction, Automotive, Aerospace & Defense, Textiles, Packaging), By End-User (Professional Artists, Students & Hobbyists, Industrial) and By Region; Global Insights & Forecast (2024 – 2030)
As per Intent Market Research, the Acrylic Paints Market was valued at USD 68.1 billion in 2023 and will surpass USD 107.5 billion by 2030; growing at a CAGR of 6.7% during 2024 - 2030.
Fluid Acrylics to Dominate the Acrylic Paints Market
Fluid Acrylics captured the largest share of the acrylic paints market. This type of acrylic, which is a water-based emulsion, exhibits a slightly milky appearance that turns translucent upon drying. This initial milkiness can lighten the perceived value of the color. As the water evaporates from the emulsion and the binder becomes clearer, the pigment's value tends to darken. This phenomenon, known as the wet-to-dry color shift, is most pronounced with dark transparent pigments, such as alizarin, and less noticeable with lighter opaque pigments, like cadmium yellow.
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North America is Projected to Have the Largest Market Size During the Forecast Period
North America has emerged as the most lucrative region for market players, driven by the increasing use of acrylic paints in construction activities. However, as the focus shifts towards infrastructure projects, the demand for acrylic paints in North America is expected to mature in the near future. Additionally, supportive government investments and favorable tax policies are enhancing infrastructure development, thus fueling the demand for acrylic paints.
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The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. This information is essential for developing effective marketing strategies and creating products or services that meet the needs of the target market. The report also covers a detailed analysis of the competitive landscape which includes major players, their recent developments, growth strategies, product benchmarking, and manufacturing operations among others. Also, brief insights on start-up ecosystem and emerging companies is also included as part of this report.
Report Objectives:
The report will help you answer some of the most critical questions in the Acrylic Paints Market. A few of them are as follows:
- What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
- What are the prevailing technology trends in the Acrylic Paints Market?
- What is the size of the Acrylic Paints Market based on segments, sub-segments, and regions?
- What is the size of different market segments across key regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa?
- What are the market opportunities for stakeholders after analyzing key market trends?
- Who are the leading market players and what are their market share and core competencies?
- What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
- What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?
Report Scope:
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Report Features |
Description |
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Market Size (2023) |
USD 68.1 billion |
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Forecasted Value (2030) |
USD 107.5 billion |
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CAGR (2024 – 2030) |
6.7% |
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Base Year for Estimation |
2023 |
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Historic Year |
2022 |
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Forecast Period |
2024 – 2030 |
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Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
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Segments Covered |
Acrylic Paints Market By Type (Fluid Acrylics, Heavy-Body Acrylics, Slow-Drying Acrylics), By Technology (Water-Based, Solvent-Based), By Application (Arts & Crafts, Building & Construction, Automotive, Aerospace & Defense, Textiles, Packaging), By End-User (Professional Artists, Students & Hobbyists, Industrial) |
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Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
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Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
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1. Introduction |
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1.1. Market Definition |
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1.2. Scope of the Study |
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1.3. Research Assumptions |
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1.4. Study Limitations |
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2. Research Methodology |
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2.1. Research Approach |
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2.1.1. Top-Down Method |
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2.1.2. Bottom-Up Method |
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2.1.3. Factor Impact Analysis |
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2.2. Insights & Data Collection Process |
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2.2.1. Secondary Research |
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2.2.2. Primary Research |
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2.3. Data Mining Process |
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2.3.1. Data Analysis |
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2.3.2. Data Validation and Revalidation |
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2.3.3. Data Triangulation |
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3.Executive Summary |
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3.1. Major Markets & Segments |
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3.2. Highest Growing Regions and Respective Countries |
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3.3. Impact of Growth Drivers & Inhibitors |
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3.4. Regulatory Overview by Country |
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4. Acrylic Paints Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030) |
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4.1. Fluid Acrylics |
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4.2. Heavy-Body Acrylics |
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4.3. Slow-Drying Acrylics |
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4.4. Others |
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5. Acrylic Paints Market, by Technology (Market Size & Forecast: USD Million, 2022 – 2030) |
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5.1. Water-Based |
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5.2. Solvent-Based |
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6. Acrylic Paints Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030) |
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6.1. Arts & Crafts |
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6.2. Building & Construction |
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6.3. Automotive |
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6.4. Aerospace & Defense |
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6.5. Textiles |
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6.6. Packaging |
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6.7. Others |
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7. Acrylic Paints Market, by End-User (Market Size & Forecast: USD Million, 2022 – 2030) |
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7.1. Professional Artists |
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7.2. Students & Hobbyists |
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7.3. Industrial |
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8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030) |
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8.1. Regional Overview |
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8.2. North America |
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8.2.1. Regional Trends & Growth Drivers |
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8.2.2. Barriers & Challenges |
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8.2.3. Opportunities |
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8.2.4. Factor Impact Analysis |
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8.2.5. Technology Trends |
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8.2.6. North America Acrylic Paints Market, by Type |
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8.2.7. North America Acrylic Paints Market, by Technology |
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8.2.8. North America Acrylic Paints Market, by Application |
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8.2.9. North America Acrylic Paints Market, by End User |
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8.2.10. By Country |
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8.2.10.1. US |
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8.2.10.1.1. US Acrylic Paints Market, by Type |
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8.2.10.1.2. US Acrylic Paints Market, by Technology |
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8.2.10.1.3. US Acrylic Paints Market, by Application |
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8.2.10.1.4. US Acrylic Paints Market, by End User |
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8.2.10.2. Canada |
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8.2.10.3. Mexico |
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*Similar segmentation will be provided for each region and country |
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8.3. Europe |
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8.4. Asia-Pacific |
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8.5. Latin America |
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8.6. Middle East & Africa |
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9. Competitive Landscape |
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9.1. Overview of the Key Players |
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9.2. Competitive Ecosystem |
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9.2.1. Level of Fragmentation |
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9.2.2. Market Consolidation |
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9.2.3. Product Innovation |
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9.3. Company Share Analysis |
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9.4. Company Benchmarking Matrix |
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9.4.1. Strategic Overview |
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9.4.2. Product Innovations |
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9.5. Start-up Ecosystem |
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9.6. Strategic Competitive Insights/ Customer Imperatives |
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9.7. ESG Matrix/ Sustainability Matrix |
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9.8. Manufacturing Network |
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9.8.1. Locations |
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9.8.2. Supply Chain and Logistics |
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9.8.3. Product Flexibility/Customization |
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9.8.4. Digital Transformation and Connectivity |
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9.8.5. Environmental and Regulatory Compliance |
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9.9. Technology Readiness Level Matrix |
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9.10. Technology Maturity Curve |
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9.11. Buying Criteria |
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10. Company Profiles |
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10.1. BASF |
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10.1.1. Company Overview |
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10.1.2. Company Financials |
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10.1.3. Product/Service Portfolio |
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10.1.4. Recent Developments |
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10.1.5. IMR Analysis |
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*Similar information will be provided for other companies |
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10.2. AkzoNobel N.V. |
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10.3. DuluxGroup |
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10.4. FolkArt (Plaid Enterprises, Inc.) |
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10.5. Gamblin Artists Colors |
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10.6. Golden Artist Colors, Inc. |
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10.7. Kansai Paint |
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10.8. Liquitex (Colart) |
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10.9. Nippon Paint Holdings |
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10.10. PPG Industries |
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10.11. Royal Talens B.V. |
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10.12. Sennelier |
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10.13. The Sherwin-Williams Company |
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10.14. Winsor & Newton (Colart) |
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11. Appendix |
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A comprehensive market research approach was employed to gather and analyze data on the Acrylic Paints Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Acrylic Paints Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
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Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Acrylic Paints ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Acrylic Paints Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
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Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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