Rising Popularity of Acrylic Paints over Oil Paints
According to our latest market study on “Artist Grade Acrylic Paints Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Fluid Acrylics, Heavy-Body Acrylics, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others),’’ the market was valued at US$ 925.24 million in 2021 and is projected to reach US$ 1,348.62 million by 2028; it is expected to grow at a CAGR of 5.5% from 2021 to 2028.
Artist grade acrylic paints are highly pigmented. They produce vibrant colors on a variety of substrates such as canvas, wood, glass, and metal. Furthermore, compared to other paints, such as oil paints, artist grade acrylic paints are easier to use and cost-effective. Artist grade acrylic paints are becoming more popular than oil paints due to their convenience, affordability, enhanced pigment quality, and minimum maintenance.
Acrylic paints are gaining massive popularity among professional artists due to their fast drying and long-lasting properties. Oil paints take a long time to dry. It could take days for the pigment to be fully set. However, acrylic paints dry out quickly and minimize the hassle. Moreover, oil paints have poor lightfastness. Lightfastness defines how fast a pigment fades when exposed to light. Oils and acrylics react to light in distinct ways. Oil paints fade over time. The pigment becomes duller with time, and the oil binder shows through. However, acrylic colors do not fade over time. Therefore, paintings painted using acrylic paints look more visually bright and appealing than those painted with oil paints. Acrylic paints are popular among artists because of their vibrant hues. Acrylics paints have the potential to adhere to a variety of surfaces, including paper, canvas, wood, glass, and a variety of other materials, such as hobby models. Moreover, different mediums can be employed to modify the binding properties of acrylic paints, making them more flexible and durable than oil paints. All these properties of acrylic paints are boosting their popularity among artists across the globe, thereby driving the artist grade acrylic paints market.
The key players operating in the global artist grade acrylic paints market include Acrylicos Vallejo; Colart International Holdings Ltd.; Da Vinci Paint Co.; Daler-Rowney Ltd.; Decoart, Inc.; Derivan Pty Ltd.; Lukas; Pebeo; Royal Talens BV; and Sennelier. These players heavily focus on product innovation strategy to attract large consumer groups across different regions and enhance customer satisfaction.
Impact of COVID-19 Pandemic on Artist Grade Acrylic Paints Market
Many sectors, including the paints and coatings industry, faced unprecedented challenges due to the COVID-19 pandemic. Due to operational difficulties under COVID-19 safety protocols, the paint sector contracted sales during the initial months of the pandemic. The COVID-19 safety regulations made it harder for smaller businesses to operate and sell their products. The supply chains were completely disrupted due to nationwide lockdown and border restrictions, which negatively impacted the sales of paint products. Moreover, the manufacturing of acrylic paints got hampered due to the shortage of raw materials and labor. People started exploring their hobbies during the lockdown period, which created a significant demand for artist grade acrylic paints. Still, there was a demand and supply gap, owing to a shortfall in product supply and a breakdown in the distribution network.
Businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased the situation, leading to a rise in business activities across the globe. Due to the rising vaccination rates across the globe, the market started recovering from the losses, which is expected to positively impact the growth of the artist grade acrylic paints market.
Artist Grade Acrylic Paints Market Breakdown – by Region
Artist Grade Acrylic Paints Market Size, Share and Forecast -2028
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Artist Grade Acrylic Paints Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Fluid Acrylics, Heavy-Body Acrylics, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others)
Artist Grade Acrylic Paints Market Size, Share and Forecast -2028
Download Free SampleArtist Grade Acrylic Paints Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Fluid Acrylics, Heavy-Body Acrylics, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others)
The report segments the artist grade acrylic paints market as follows:
Based on product type, the artist grade acrylic paints market is segmented into fluid acrylics, heavy-body acrylics, and others. Based on distribution channel, the artist grade acrylic paints market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. Based on geography, the artist grade acrylic paints market is segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).
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