Acrylic Colors Market is Expected to Grow at a CAGR of 6.1 percent to 6.9% in 2031

The global acrylic paint industry will continue to grow in the coming decade, thanks to the growing use of water-based acrylic binders in house paints and among artisanal professionals. Acrylic colours have established themselves as a significant market throughout the years due to their durability, versatility, and affordability. As a result, the acrylic colours market is expected to grow at a CAGR of 6.1 percent to 6.9% in 2031.

What is Driving Demand for Acrylic Colors Market?

Technology-based advances in end-application of acrylic colors are key factors for market growth. An increasing number of compatible media are expanding the application area of acrylic paints. Further, the acrylic colors can be used on paper, canvas, walls and many other surfaces, which is expected to drive market growth in the coming years.

Moreover, infrastructure development is a major factor in the growth of the acrylic colors market. Factors such as water resistance, superior finish and consistent drying time are leading to their adoption in construction projects. Consumer demand for high-performance exterior paints, sun-reflecting, water-resistant, and outstanding finish quality is making acrylic colors preferred choice for exterior surfaces.

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However, in the wake of COVID-19, it has faced unprecedented challenges. The pandemic has affected the supply chain, putting pressure on the workforce and availability of key inputs.

With regard to retail sales in the country, manufacturers are leaning more towards online channels as social distancing has significantly changed the shopping habits of the consumer. As a result, most companies in the market have started accepting online orders for customers to help them fight the spread of COVID-19 safely.

Acrylic Colors Gaining High Preference among Artistics

Acrylic colors has been considered the only suitable medium for kindergarten classrooms for the past few decades. However, with the advancement of pigment, finishes and stability, many artists – David Hockey, Helen Frankenthaler, Mark Roth‌ko – are choosing acrylic colors as their ideal alternative.

This changing importance has increased the popularity of acrylic colors among artists over the years. In addition, the amazing properties of acrylic colors are expanding their range among artists around the world.

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Therefore, companies focused on stationery products are increasing their investments in acrylic colors, creating lucrative opportunities for manufacturers. Therefore, the adoption of acrylic paint as a professional painting medium will continue to drive the market in the coming year.

US and Canada Acrylic Colors Market Outlook

North America has been the most remunerative region for market players, owing to surging adoption of acrylic colors in construction activities. With the growing real estate projects in U.S and Canada, companies are selecting acrylic colors to differentiate themselves in the competitive real estate market. As a result, construction contractors will continue to buy more acrylic colors products in the region.

Moreover, leading companies in the region have undertaken R&D activities and programs aimed at developing aesthetics for the expansion and development of these products. In addition, commercial viability and the final use of the product are the main focus of these researchers. Advancement in design boosting user applicability is expected to drive the market revenue.

Europe Demand Outlook for Acrylic Colors Market

The demand for acrylic colors in the European market is estimated to grow significantly in the upcoming years. Increasing foreign direct investments (FDI) and the proliferation of technology in countries such as Germany, U.K., and France is creating remunerative opportunities for manufacturers. Supportive government investments and tax policies further the growth of infrastructure development, which in turn is resulting in demand for acrylic colors in the European region.

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