Acrylic Paints Market will grow at highest pace owing to rising demand from artistic applications
Key Takeaways
Key players operating in the acrylic paints market are The Kraft Heinz Company, Fonterra Co-operative Group Limited, Groupe Lactalis S.A., Grande Cheese Company, Arla Foods Inc., BelGioioso Cheese Inc., Granarolo S.p.A, Saputo Cheese USA Inc., Sargento Foods Inc., and Organic Valley. Rising participation in art activities globally is fueling the demand for acrylic paints. Acrylic paint sales saw significant growth during the COVID-19 pandemic as people took up art as a pastime activity while being confined at home. Technological advancement in acrylic paint formulations is helping manufacturers launch premium, long-lasting and environment-friendly varieties.
Market Trends
Waterborne Acrylic Paints Market Demand are gaining popularity owing to their low VOC content. Major players are focusing on developing and promoting waterborne formulations to capitalize on the growing environmental consciousness. Heat resistant and exterior grade acrylic paints suitable for applications like signage are another fast emerging trend in the market.
Market Opportunities
Growing DIY home decor trend is opening new revenue channels for acrylic paint makers. Manufacturers can launch affordable, premium quality tester packs suitable for small home art projects. Rapid urbanization in developing countries will drive demand for acrylic paints used in construction activities like interior walls, ceilings, etc.
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