Report : North America Artist Grade Acrylic Paints Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Fluid Acrylics, Heavy-Body Acrylics, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Heavy-Body Acrylics Segment to Dominate North America Artist Grade Acrylic Paints Market during 2021–2028
According to a new market research study on “North America Artist Grade Acrylic Paints Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Distribution Channel” is expected to reach US$ 373.70 million by 2028 from US$ 272.02 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the North America artist grade acrylic paints market along with the drivers and restraints pertaining to the market growth. Surge in popularity of acrylic paints over oil paints is the major factor driving the growth of the North America artist grade acrylic paints market. However, issues associated with the availability of innovative/substitute products such as powder paints hinder the growth of North America artist grade acrylic paints market.
The North America artist grade acrylic paints market is segmented into product type, distribution channel and country. Based on product type, the North America artist grade acrylic paints market is segmented into fluid acrylics, heavy- body acrylics, and others. The heavy-body acrylics segment dominated the market in 2020 and fluid acrylics segment is expected to be the fastest growing during the forecast period. Based on distribution channel, the North America artist grade acrylic paints market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The supermarkets & hypermarkets segment dominated the market in 2020 and online retail segment is expected to be the fastest growing during the forecast period. Based on country, the artist grade acrylic paints market is classified into US, Canada, and Mexico.
The US recorded the highest number of COVID-19 confirmed cases than Mexico and Canada. The crisis adversely affected the paints industry in the region due to a restricted supply chain, raw material shortage, and shutdown of manufacturing units. In addition, the overall disruptions in manufacturing processes and research and development activities restrained the growth of the artist-grade acrylic paints market. However, the strong foothold of e-commerce platforms in the region ensured an uninterrupted supply of consumer products even during the lockdown period, which is projected to boost the regional market growth in the coming years. Moreover, rapid vaccination in the US also boosted the market recovery rate favoring the growth of the artist-grade acrylic paints market across North America.
Acrylicos Vallejo; Colart International Holdings Ltd.; Decoart, Inc.; Lukas; Pebeo; and Royal Talens BV are among the leading companies in the North America artist grade acrylic paints market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com