Acrylic paint is a fast-drying paint created of pigment hung up in acrylic polymer emulsion and plasticizers, defoamers, silicone oils, stabilizers, or metal soaps. According to BlueQuark Research and Consulting, the global Acrylic Paint market is expected to grow considerably during the forecasted period. Factors such as the increasing number of acrylic paints that have been preferred for coatings on external home structures due to their being water resistant, particularly during the wet season, are expected to drive the acrylic paint market in the forecasted period. Further, the rising number of artists and canvas paintings across the globe is expected to drive the acrylic paint market in the forecasted period. Furthermore, the need for water-based acrylic binders in household paints and artisanal products will propel the growth of the worldwide acrylic paint industry during the forecasted period. However, fast-drying paints often appear to dry quickly on the pallet and require special pallets to deal with it. The use of acrylic paints may be troublesome for young aspiring artists, who may need to be faster. This is also one of the obstacles to the growth of the Acrylic Paints Industry.

Building and Construction has been the primary market for Acrylic Paint. With the growing construction industry and its need for acrylic paints, particularly in Asia-Pacific, North America and Europe, the demand for acrylic paints for all kinds of buildings is expected to increase. The residential application segment is witnessing growth due to the rising penetration from untapped markets. Acrylic surface coatings are widely utilized in the building and construction sector due to their inertness and excellent colour retention when exposed to outdoor conditions. Acrylics are available in different forms, such as emulsions (latex), enamels, lacquers, and powders. The chief component of acrylic polymers is acrylic and methacrylic acid which offer a polymer structure that has little capacity to absorb UV light, which raises its resistance to weathering and oxidation than oil-based paints, epoxies or alkaloids due to which its application has increased in buildings & construction sector. The increase in the construction sector is expected to propel the demand for acrylic paints over the next few years. Affordability and consumer preference is other key factor expected to surge the demand for acrylic paints. Acrylic paints are primarily used as a primer coat to seal and protect the surface of the material you're applying it on. Primers form an invisible barrier against corrosion, water, oil, etc., which means your paint will last longer than if you use traditional enamel without priming first. Acrylics can also be applied on surfaces like metal, brick, or wood to give them a protective coat. Further, due to its water-resistant property, acrylic paints are the preferred choice for external applications. Growing preference for acrylic paints over oil paints by artists is estimated to rise steadily owing to an extensive range of advantages. Unlike oil paints, acrylic paints are quick to dry, flexible, and elastic. The elastic nature of acrylic paints prevents cracking. Also, as with oil paints, artists do not have to offer more layers of acrylic paint to prevent cracking. Other painting materials, like oil pastels, chalk, ink, and charcoal, can also be used on top of dried acrylic paint. It is simple to clean up compared to oil paints. The rising number of artists and canvas paintings globally will likely positively impact the global acrylic paints market.

The Asia-Pacific region is anticipated to dominate the market for acrylic surface coatings during the forecasted period. Due to the increasing building and construction sector, the demand for acrylic surface coatings has increased in countries like China, India, and Japan. Acrylic surface coatings are utilized as protective coatings in aerospace applications other than paints, fabric and leather finishes, floor polishes, and paper coatings. Paintings were the primary market for Acrylic Paints. The increasing popularity of new models offering better finishing and textures, the per capita income of people and efforts on the part of manufacturers to introduce improved versions such as eco-friendly, odour-free and dust-proof paints and water-proof paints have stimulated the growth of the painting application. Over the years, this evolving preference has boosted the popularity of acrylic paintings among artists. In addition, the excellent properties of acrylic paint extend their acceptance among artists worldwide. Acrylic paints are low-maintenance mediums that do not require customized supplies such as traditional oil paints. They deliver the benefits of better quality and texture. The flexible nature of acrylic paints makes them the perfect medium for artists to paint various styles of paintings. Artists are the primary users of acrylic paint. The technical advances in the end-use application of acrylic paints are vital factors in the industry's growth. The scope of application of acrylic paints is expanding with an increasing number of compatible media. Acrylic paint can be applied to paper, canvas, walls, and other surfaces. R&D of high-performance acrylic paint bonds is one of the leading competitive differentiation strategies. Significant players use market intelligence, such as customer preferences and geographic analysis, to build research and development activities.

Some market key players are Acrylicos Vallejo, Colart International Holdings Ltd., Da Vinci Paint Co., Daler-Rowney Ltd., and Decoart, Inc.

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Global Acrylic Paint Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Acrylic Paint Market by segmenting based on Technology (Water-borne, Solvent-borne, Powder-based, and Other Technologies), End-user Industry (Building and Construction, Automotive, Aerospace and Defense, Industrial, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.