US Non-commercial Acrylic Paint Market is growing at US$ 369.0 Mn by 2028
The US has been North America’s prime investment pocket over the years, where the demand for non-commercial acrylic paint is expected to remain sound over the course of coming years. The approximately US$ 230 million market for non-commercial acrylic paint is foreseen to grow by 4.3% Y-o-Y, in 2022. Future Market Insights (FMI) delivers key insights on the US non-commercial acrylic paints market, in its latest report.
The South US is cited as a prominent consumer market in the US landscape of non-commercial acrylic paint owing to a rich end-user base, with an above-average growth rate projected for the near future.
While heavy-body acrylics continue to
gain strongest traction that has been attributed to their strong colors, better
coverage, and fast-drying times, the report indicates that their adoption will
be more prominent in canvas- and paper-based applications. Non-commercial
acrylic paint application on canvas accounts for over 1/3rd of
the total paint consumption, whereas that on paper and wood accounts for a
combined share of more than 40%.
DIY Activities Are
Providing a Significant Push to Market Growth
The report opines that the key applications of non-commercial acrylic
paint across the US include canvas, paper, and wood, with artefacts designed by
professional artists and students. With the advent of DIY crafts and hobby
activities, other substrates such as metal and ceramics are also likely to
present a range of lucrative opportunities for the usage of non-commercial
acrylic paints. The growth and emergency of non-commercial acrylic paints in
the US is prominently attributed to the growth of DIY-based artefacts and
finished products, and considerable investments by academic institutions in
skill development programmes, imbibing non-commercial acrylic paints to a
significant degree.
Apart from academic and commercial artefacts, non-commercial acrylic
paints are particularly gaining popularity in home interior design, and
additional design in terracotta and pottery items, thus creating additional
scope of value addition for designers.
Over 60%
Non-commercial Acrylic Paint Consumed in the US is Artist-grade
FMI has bifurcated the US market for non-commercial acrylic paint into
two commonly available grades – viz. artist grade (high concentration of
acrylic resin for slow drying sales channels) and student grade (low concentration
of acrylic resin for fast drying sales channels). The varied degree of fast or
slow drying rate immensely helps professional artists when designing a paint
for a long-duration process or relatively short duration of finishing the
paintwork applied.
Currently, more than 3/5th of
the total consumption of non-commercial acrylic paint in the US is accounted by
artist-grade paint. However, the dramatically increasing number of students
developing interest in painting and related career options will translate into
relatively higher opportunities for student-grade non-commercial acrylic paint
in the US, as suggested by FMI’s analysis.
The market share of offline sales channels in the US non-commercial
acrylic paint market is likely to remain clearly dominant over that of online
sales channels. However, the report also points to a growing revenue share of
online stores, which is expected to outpace in terms of rate of growth, over
the coming years.
US Non-Commercial
Acrylic Paints Market: Vendor Insights
The non-commercial acrylic paints market in the US is observed to be a
fairly consolidated market, with the aggregate market share of tier-1 level
established players more than half of the overall market value.
Aggressive marketing, product development, and consolidation of sales
and service footprint will reportedly be the key developmental strategies of
leading players in the US non-commercial acrylic paints market.
The report highlights some of the prominent companies that are operating
in the US non-commercial acrylic paints market, such as Liquitex Artist
Materials, Decoart Inc., Winsor & Newton, Reeves, Faber-Castell, Plaid,
Crafts 4 All, Koninklijke Royal Talens B.V., Golden Artist Colors, Inc., Croma
Atlier, M. Graham & Co., and PEBEO SAS.
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