Global Acrylic Water Based Paints Market Trends 2024, Forecast To 2033
1 Jul, 2024
The acrylic water-based paints market has demonstrated significant growth, escalating from $31.81 billion in 2023 to $33.92 billion in 2024, with a CAGR of 6.6%. Historical growth is driven by stringent environmental regulations, growing consumer awareness of health and environmental benefits, architectural trends favoring sustainable materials, expansion in construction and renovation activities, and supportive government initiatives. Moving forward, the market is expected to maintain strong growth, reaching $44.05 billion by 2028 at a CAGR of 6.8%. Future growth drivers include emerging application areas, digitalization in marketing strategies, emphasis on sustainability across the paint industry, penetration in developing regions, and demand for customizable color options. Key trends in the forecast period encompass advanced formulation techniques, innovative packaging solutions, digital color matching tools, biodegradable additives, smart paint monitoring systems integrating IoT sensors, and predictive maintenance algorithms.
Global Acrylic Water Based Paints Market Key Driver
The burgeoning construction activities are expected to fuel the growth of the acrylic water-based paint market going forward. Construction involves building, renovating, and maintaining structures, driven by urbanization, infrastructure projects, and real estate expansion. Acrylic water-based paints, used extensively in both interior and exterior applications, benefit from increased construction projects. Notably, in the UK, new construction orders rose by 3.9% in Quarter 3 of 2023, driven by public and infrastructure projects. This uptrend underscores market growth prospects for acrylic water-based paints, in line with projected market sizes for 2023, 2024, and 2028.
Get A Free Sample Of The Acrylic Water Based Paints Market ReportGlobal Acrylic Water Based Paints Market Segments
The acrylic water based paints market covered in this report is segmented –
1) By Component: Pigment, Binder, Other Component
2) By Substrate Material: Metal, Paper, Wood, Canvas, Fabric, Glass, Other Substrate Materials
3) By Application: Skirting Board, Metal Appliances, Outdoor Furniture, Architectural Paints, Bridges, Other Applications
4) By End-Use Industry: Building And Construction, Electrical And Electronics, Textile, Footwear, Furniture, Other End-Use Industries
By Geography:The regions covered in the acrylic water based paints market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the acrylic water based paints market in 2023.
Major Acrylic Water Based Paints Industry Players
BASF SE, Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., Masco Corporation, RPM International Inc., Axalta Coating Systems Co. Ltd., Diamond Vogel Paints, Valspar Corporation, Kansai Paint Co. Ltd., Asian Paints Limited, Jotun A/S, Cromology, Hempel A/S, DAW SE, Benjamin Moore And Co., Dunn-Edwards Corporation, Teknos Group, Tikkurila, Kelly-Moore Paints, Flugger Group, Tamiya Incorporated, Musashi Paint Co. Ltd., Meffert AG Farbwerke
Purchase The Global Acrylic Water Based Paints Market Report Directly And Get A Swift DeliveryAcrylic Water Based Paints Market Overview
Acrylic water-based paints are a type of paint that uses acrylic polymer emulsion as a binder and water as a solvent. Known for quick drying times, low odor, and easy cleanup, these paints are versatile and durable, suitable for both interior and exterior applications in residential and commercial settings.
Acrylic Water Based Paints Global Market Report 2023 provides data on the global acrylic water based paints market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The acrylic water based paints market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.