The global market for the acrylic pad market is estimated to be worth USD 4,353.6 million in 2021 and is anticipated to reach a value of USD 5,965.4 million by 2031. Sales are projected to rise at a CAGR of 3.2% over the forecast period between 2021 and 2031. The revenue generated by the acrylic pad market in 2020 was USD 4,210.4 million. The industry is anticipated to exhibit a Y-o-Y growth of 3.4% in 2021.
Global Acrylic Pad Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 (A) | USD 4,210.4 million |
| Estimated Size, 2021 (E) | USD 4,353.6 million |
| Projected Size, 2031 (F) | USD 5,965.4 million |
| Value-based CAGR (2021 to 2031) | 3.2% |
The target market is segmented under size, activities, price range, and sales channel. The market is further sub-categorized under these segments to provide a granular aspect which will benefit the businesses operating in the market to improve on their products, gain a competitive edge over other players, and grasp a major portion of the market, in parallel.
The acrylic pad market is steadily on the rise because of its application in art, design and other professional activities. Drawing painters including artists and hobbyists love acrylic pads because of their smooth surface required to produce bright and clear strokes. The pads are thick and will not warp, providing a surface suitable for use with acrylic paints, markers, and other media. DIY arts and crafts, craft programs, and applying creative skills are some of the reasons behind the increased demand. Furthermore, conscious buyers are insisting on environment-friendly products of high quality that are usable in both individual and business settings.
The competitive landscape of the acrylic pad market is characterized by a mix of established players and emerging brands, each vying to capture a share of this growing segment. Key players in the market include CANSON, Arteza.com, Strathmore, and US Art Supply among others. Key companies compete on factors such as design innovation, product quality, and brand reputation.
The industry is set to experience upward growth during the forecast period. It is projected to create an incremental opportunity of USD 1,611.9 million and is predicted to rise approximately 1.4 times the current market value through 2031.
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Acrylic pad are in high demand due to rising consumer expenditure on paints. An acrylic pad is used by most artists, especially those who are just getting started with acrylic paints. Because it will be used with a thicker substance, the paper should be heavier to avoid warping.
The acrylic artist paper pad by Royal & Langnickel, for example, is 9 12 inches long and comprises 22 sheets. This thick, textured paper is suitable for watercolors, acrylic, gouache, and ink. These sheets are bonded at the top for a secure grip and a clean tear, and they're engineered to stay wrinkle-free even when painted over multiple layers.
Many industry competitors are developing it expressly for artists who have extremely specific requirements for acrylic painting pads. As a result consumers are even opting for eco-friendly acrylic pad which is encouraging the players in the market to design eco-friendly acrylic pad. For instance, Canson is a well-known brand for high-quality paint-friendly paper. The acid-free cold-press textured paper can withstand numerous washing. This pad contains 30 pages that are 11 x 15 inches in size.
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Previously, the United States was the world's largest paper producer. Americans place a high value on the arts. According to the majority of the inhabitants in the region, the arts boost personal well-being and help people comprehend other cultures.
On a personal level, they are frequently involved in arts such as painting. As a result, the region's need for acrylic pad is increasing. For instance, US Art Supply develops Acrylic painting paper pads which has pack of two spiral pads containing 12 sheets each of 11 x 14-inch.
Europe's fine arts and culture are well-known. The creations of Europe's great artists are so well-known over the world that they may be identified immediately.
As a result of such outstanding artwork, people are encouraged to develop and paint art. As a result, due of its numerous benefits, it encourages artists to adopt acrylic pad. Furthermore, market participants are concentrating on providing the best acrylic pad.
Strathmore's acrylic pad, for example, is long-lasting, heavyweight, and perfect for acrylic painting. The textured surface with a linen finish keeps layers of paint that won't peel off or bleed through. This pad is acid-free and produced in France, and it comes in four different sizes.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Acrylic Pad Market
