Acrylic Paint Market

Acrylic Paint Market Outlook from 2024 to 2034

Everyone has painted in his childhood. From painting on paper to painting our dreams, we all grew up. The properties and applications of painting changed over time, didn’t they?

From the industrial perspective, different paints have varying importance, and so does acrylic paint. This market will be analyzed in the report.

The prospects of the acrylic paint market growth are governed by a sluggish CAGR of 4.2%, which will likely elevate the acrylic paint market size to USD 209.4 million by 2034 from USD 138.8 million in 2024.

Attributes	Key Insights
Estimated Market Size in 2024	USD 138.8 million
Projected Market Value in 2034	USD 209.4 million
Value-based CAGR from 2024 to 2034	4.2%

Acrylic Paint Market Trends

• The rising consumer inclination toward eco-friendly and non-toxic paints is a key market trend inflating the acrylic paint market size. Moreover, a spike in the preference for low-VOC acrylic paints is observed, governing the acrylic paint market growth.
• Leading acrylic paint manufacturers favor technological integration. Due to this, advancements in paint formulation spur, driving the innovation in the market. These factors help top acrylic paint brands in positioning in the market.
• The growing preference for DIY trends drives the demand for acrylic paints in the household sector. Therefore, this market trend is boosting the acrylic paint sales.

Expanding Construction Industry is the Driving Force for the Acrylic Paint Market

The historical data suggests that the acrylic paint market size changed from USD 120.1 million to USD 134.8 million from 2019 to 2023. This market progress was capped at an extremely sluggish CAGR of 2.3%.

The trending product innovation by leading acrylic paint manufacturers spurred the demand for paints. Due to the growing technological infrastructure, this was accompanied by advanced manufacturing setups.

However, the acrylic paint market growth could not break free due to COVID-19. Due to heavy restrictions, several industries were shut down, affecting the market.

Historical CAGR from 2019 to 2023	2.3%
Forecast CAGR from 2024 to 2034	4.2%

The growing construction and building industry demands acrylic paints from top acrylic paint brands. Due to this, the acrylic paint market size has increased, and it is projected to enhance.

Proliferated e-commerce platforms spike the ease of distribution, assisting the acrylic paint market growth. Therefore, it is another critical demand generator.

Acrylic Paint Market Growth Drivers

• The spurring infrastructural development drives the demand for interior design and painting. The rising commercial and non-commercial sectors spur the demand for acrylic paints, increasing the acrylic paint market size.
• The growing urbanization is a major driving force for the market demand enhancement. It also drives the demand for industrial coatings, fueling the market growth.
• Technological evolution is assisting leading acrylic paint manufacturers in innovating and augmenting products. Due to this, a wider range of choices are available for consumers, a key market driver.
• The growing art field demands acrylic paints. Also, the increasing freedom of artistic expression drives the acrylic paint market.

Acrylic Paint Market Growth Restraints

• Stringent regulatory policies to meet environmental standards might be a hindrance for top acrylic paint brands. This might affect the acrylic paint market growth.
• The availability of eco-friendly colors might be a better substitute, which creates a threat to the market. This might restrict the acrylic paint market size.

Country-wise Analysis

North America will provide a wider acrylic paint market competitive landscape, as numerous competitors are actively competing in the country. Also, economic developments in the country leverage their growth in the market, fueling the acrylic paint market growth.

The growing urbanization and population in Asia-Pacific will elevate the acrylic paint market size. Moreover, governmental initiatives and policies will spur the demand trends for acrylic paints.

Sustainability guidelines and circular economy trends will encourage leading acrylic paint manufacturers to produce eco-friendly goods in Europe. Hence, this will transform the acrylic paint market’s competitive landscape in the region.

Forecast CAGRs from 2024 to 2034

Countries	Forecasted CAGR
Japan	1.8%
The United States of America	2.3%
Spain	3.1%
China	4.7%
India	6.2%

Eco-friendly Products Spur the Japanese Acrylic Paint Market Growth

The Japanese acrylic paint market growth will be accelerated at a CAGR of 1.8% through 2034. The Japanese population seeks eco-friendly goods due to the rising awareness of environmental safety.

This augments the acrylic paint market size in the country, driving its growth rate. Also, non-toxic and non-volatile paints are preferred, spurring the demand for this segment in the acrylic paint market.

The United States Recreational Industry Agitates the Acrylic Paint Market Size

The United States will experience an elevated acrylic paint market size through 2034 at a CAGR of 2.3%. The growing consumer trends toward pursuing hobbies and following passion are driving the acrylic paint market growth.

The widespread awareness about personal care and growing emphasis on self-care spurs the recreational industry. These factors drive the demand for activities like painting, creating the need for acrylic paints.

Spain Emphasizes Culture and Arts, Driving the Acrylic Paint Market Growth

The Spanish acrylic paint market size will be agitated steadily at a CAGR of 3.1% through 2034.

The Spanish educational system has included different art forms in its curriculum to ensure the wholesome growth of students. As a result, frequent requirements for colors spur the acrylic paint market growth in Spain.

Rapid Urbanization in China Boosts the Acrylic Paint Market Size

The growing urbanization rate in China is attributed to the increasing population in the country. This drives the construction and building industry. Consequently, this generates demand for acrylic paints.

Commercial and non-commercial sectors are booming, requiring painting and redevelopment assignments. Thus, the Chinese acrylic paint market growth will propagate moderately at a CAGR of 4.7% through the forecasted period.

Growing DIY Projects Spurs the Indian Market Growth

The growing concern about sustainability and the budding culture of DIY and upcycling projects spurs the demand for acrylic colors. Consumers redesign their homes with rising demand for acrylic colors.

Painting houses, refurbishing furniture, and renovating home décor are another few key drivers for the acrylic paint market growth. As a result, the Indian acrylic paint market size will increase moderately at a CAGR of 6.2%, the highest among all the countries.

Category-wise Insights

Due to the growing impasto techniques, the demand for heavy-body acrylics will likely increase. Also, they will add significantly to the market growth. The construction and building industry is an important market segment, and it holds the maximum market share due to the substantial growth in the sector.

Category	Product Type- Heavy-body Acrylics
Market Share in 2024	54.2%
Market Segment Drivers	Leading acrylic paint manufacturers use heavy-body acrylics for their homogeneous consistency. The better color intensity enhances the popularity of acrylic colors, ensuring the market demand. Impasto techniques demand these acrylic paints, fueling the segment growth.

Category	Industry Vertical- Building & Construction
Market Share in 2024	47.4%
Market Segment Drivers	To ensure the durability of paints on walls and roofs, acrylic paints are used in the building and construction industry. UV resistance of acrylic paints enhances their usability, driving the acrylic paint market growth. A short drying period enhances efficiency, generating more demand in the sector and driving the acrylic paint market size.

Competitive Landscape of the Acrylic Paint Market

The global acrylic paint market is experiencing a great push due to the excessive competition in the industry. Leading acrylic paint manufacturers clutter the competitive landscape.

They employ various key expansion strategies, gaining a competitive edge. Partnerships, collaborations, product innovation, acquisitions and mergers, and international expansion are key moves benefitting them.

New entrants can negotiate a better marketplace through strategic offering of key assets against a respectable market position. Also, strategic alliances might help them gain a better marketplace. Leading acrylic paint manufacturers and new entrants fuel the acrylic paint market growth.

Key Market Developments

• In February 2024, BASF Coatings signed a partnership agreement with INEOS Automotive. It is a three-year agreement that will launch a global body and paint program. This move will elevate the organization’s market status, availing a better marketplace for the business.
• In April 2024, AkzoNobel invests €8 million in Dutch research labs. This has been aimed at enhancing the innovation capacity of its plants. The organization seeks to expand its innovation, lifting its product standards. Consequently, the business will gain a sustainable competitive advantage.

Key Coverage of Acrylic Paint Market Report

• Global acrylic paint market size and forecast and future of acrylic paint market.
• Acrylic paint market trends, acrylic paint industry report, and global acrylic paint market share.
• Investment opportunities in the acrylic paint market and profit margin in the acrylic paint industry.
• Mergers and acquisitions in the acrylic paint industry and Untapped potential of the acrylic paint market.
• Strategies for new entrants to gain market share in the competitive acrylic paint market and the role of international trade in the acrylic paint market.
• Growth rate of the acrylic paint market, growth drivers of the acrylic paint market, and acrylic paint market segmentation.
• Challenges and risks in the acrylic paint market.

Report Scope

Attributes	Details
Estimated Market Size in 2024	USD 138.8 million
Projected Market Valuation in 2034	USD 209.4 million
Value-based CAGR 2024 to 2034	4.2%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD million
Key Regions Covered	North America ; Latin America ; Western Europe ; Eastern Europe ; South Asia and Pacific ; East Asia ; The Middle East and Africa
Key Market Segments Covered	By Product Type ,By Application ,By Industry Vertical ,By Region
Key Countries Profiled	The United States ,Canada ,Brazil ,Mexico ,Germany ,The United Kingdom ,France ,Spain ,Italy ,Poland ,Russia ,Czech Republic ,Romania ,India ,Bangladesh ,Australia ,New Zealand ,China ,Japan ,South Korea ,GCC Countries ,South Africa ,Israel
Key Companies Profiled	Azkonobe ;Asian Paints India ;Basf SE ;Berger Paints India ;Berkshire Hathaway ;Ppg Industries ;The Dow Chemical ;Sherwin-Williams ;National Coatings ;Gellner Industrial

Acrylic Paint Market - Key Segments

By Product Type:

• Heavy Body Acrylics
• Fluid Acrylics
• Open Acrylics
• Others

By Application:

• Walls
• Fabrics
• Metal
• Ceramics
• Others

By Industry Vertical:

• Building & Construction
• Industrial
• Textile
• Automotive
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• The Middle East and Africa

Frequently Asked Questions

At what CAGR the acrylic paint market will likely progress through 2034?

The acrylic paint market is estimated to progress at a CAGR of 4.2% through 2034.

What will the market size of the acrylic paint market be by 2034?

The acrylic paint market will likely reach US$ 209.4 million by 2034.

What will the market size of the acrylic paint market be by 2024?

The acrylic paint market will attain a market size of US$ 138.8 million in 2024.

Which product type will likely hold the largest acrylic paint market share in 2024?

The acrylic paint market's heavy body acrylics segment will hold 54.2% of the market share in 2024.

Which industry vertical segment will hold the largest acrylic paint market share in 2024?

The acrylic paint market's building & construction segment will likely secure 47.4% of the market space in 2024.