Asia Pacific Artist Grade Acrylic Paints Market

Market Introduction

APAC comprises several economies such as India, China, Japan, South Korea, and Australia. The artist grade acrylic paints market in APAC has experienced a considerable shift over the years. Moreover, with the continual number of professional artists, the artist grade acrylic paints market will witness growth during the forecast period. Further, the various advantages offered by artist grade acrylic paints is another key factor predicted to support the market growth in the region. Artist grade acrylic paints often contain pure pigments. These paints intermix well and are more vibrant, owing to the strength and purity of the pigments. These paints are ideal for all painting techniques, including sketching and underpainting. The manufacturers in the region are formulating artist grade acrylic paints with high quality pigments and a satin finish, as well as a range of opacities. They are highly versatile; and also retain peaks and brush strokes. Also, the acrylic paints dry quickly compared to oils paints. Development of non-toxic, low VOC acrylic paints is the major factor driving the growth of the APAC artist grade acrylic paints market.  

The COVID-19 pandemic is causing a significant economic loss in APAC. The consequence and impact became worse during the second wave of the COVID-19 pandemic. The governments of various APAC countries took possible steps to restrict the spread by announcing lockdown, which, in turn, lowered the revenue generated by the artist-grade acrylic paints market in the region. However, the situation changed significantly as the governments of countries such as China, India, and Japan introduced the vaccine and promoted the vaccination drives. Moreover, the governments also eased out the lockdown restrictions and travel bans, which positively impacted the sales of consumer products across the region. This factor is expected to propel the growth of the artist-grade acrylic paints market across APAC over the forthcoming period.

Asia Pacific Artist Grade Acrylic Paints Strategic Insights

Strategic insights for the Asia Pacific Artist Grade Acrylic Paints provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Artist Grade Acrylic Paints Report Scope

Asia Pacific Artist Grade Acrylic Paints Regional Insights

The geographic scope of the Asia Pacific Artist Grade Acrylic Paints refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The artist grade acrylic paints market in APAC is expected to grow from US$ 207.25 million in 2021 to US$ 333.24 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. 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 light fastness. Light fastness 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 region; thereby driving the artist-grade acrylic paints market.

Key Market Segments

The APAC artist grade acrylic paints market is segmented into product type, distribution channel and country. Based on product type, the APAC 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 APAC 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.

Major Sources and Companies Listed

• To understand the APAC artist grade acrylic paints market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC artist grade acrylic paints market
• Efficiently plan M&A and partnership deals in APAC artist grade acrylic paints market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC artist grade acrylic paints market
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Artist Grade Acrylic Paints Market Segmentation

APAC Artist Grade Acrylic Paints Market –By

Product Type

• Heavy-Body Acrylics
• Fluid Acrylics
• Others

APAC Artist Grade Acrylic Paints Market –By Distribution Channel

• Supermarkets & Hypermarkets
• Specialty Stores
• Online Retail
• Others

APAC Artist Grade Acrylic Paints Market -By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Artist Grade Acrylic Paints Market -

Company Profiles

• Acrylicos Vallejo
• Colart International Holdings Ltd.
• Decoart, Inc.
• Derivan Pty Ltd.
• Lukas
• Pebeo
• Royal Talens BV