Global Acrylic Paints Market is projected to surpass US$ 230 million by 2027, at CAGR of 6.1% (2019 – 2027)
                     Global Acrylic Paints Market is projected to surpass US$ 230 million by 2027, at CAGR of 
6.1% (2019 – 2027)
Market Overview:
Acrylic Paint is made of pigment suspended in acrylic polymer emulsion, and possesses a variety of
unique characteristics such as water resistance, fast drying, durability and flexibility, versatility of 
application on any surface such as canvas, paper, or glass, and ease of application. Acrylic paint is 
preferred by artists owing to its fast drying property. Moreover, acrylic paint is highly versatile and 
its properties can be modified by mixing it with water or other gels and pastes. The excellent 
durability of acrylic paints means their colour may not fade with time and the quality will remain 
consistent over the years. Since it is a plastic polymer, acrylic paint dries into a durable, flexible, 
and water resistant surface, and successive layers can be added to it without disturbing the layer at 
the core.
The global acrylic paints market size is projected to surpass US$ 230 million by 2027, and register a
CAGR of 6.1% over the forecast period (2019 – 2027).
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Market Dynamics:
Acrylic paint is highly preferred over other forms such as oil paints, owing to the former’s unique 
properties such as consistent drying time, flexible nature, and durability among others. These 
features are driving demand for acrylic paints over its counterparts in the market. Acrylic paints 
have been classified into two grades: student acrylics, professional (or artist) acrylics. Both grades 
have similar characteristics, however artist acrylics possess higher concentrations of pigment, 
whereas student acrylics have less pigments, lesser variety of colours, and comparatively cheaper 
formulas. Furthermore, there is a wide range of acrylic paints such as heavy-body acrylics, soft 
body acrylics, open acrylics, and exterior acrylics among others. However, heavy-body acrylics 
have significant demand owing to factors such as faster drying, variety of colours, and better 
coverage.
Moreover, the rise in the construction sector is expected to propel demand for acrylic paints over the
next few years. Affordability and consumer preference is another key factor that is expected to 
increase the demand for acrylic paints. Furthermore, acrylic paints are the preferred choice for 
external applications owing to its water resistant property. The rising number of artists and canvas 
painting across the globe is likely to positively impact the global acrylic paints market. Growing 
preference for acrylic paints over oil paints by artists is estimated to rise steadily owing to a wide 
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 
apply more layers of acrylic paint to prevent cracking. Other painting materials such as oil pastels, 
chalk, ink, and charcoal can also be applied on top of dried acrylic paint. Moreover, it is easy to 
clean up compared to oil paints.
Market Outlook:
Asia Pacific is expected to be the largest market for acrylic paints owing to an increasing number of
students focusing on painting and allied careers which has led to a large demand for non-
commercial, student-grade acrylic paints in the region. Furthermore, growing economies in the 
Latin America region are likely to account for a significant market share over the forecast period. 
North America is not likely to witness high growth due to presence of mature markets such as the 
U.S. Europe is expected to experience slower growth in comparison to Asia Pacific and Latin 
America.
Some of the major players in the global acrylic paint market are Berkshire Hathaway, Asian 
Paints India, Berger Paints India, Azkonobel, and BASF SE.
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