US Non-Commercial Acrylic Paints Market 2022 Industry Trends, CAGR 4.9%, Share, Size and Forecast Report 2028
NEWARK, NEWARK, UNITED STATES OF AMERICA, May 11, 2022 /EINPresswire.com/ — US sales non-commercial acrylic paints marketis expected to reach US$276.7 million in 2022. Expanding at a healthy CAGR of 4.9%, the market size is expected to reach US$369.0 million by 2028.
The US South is cited as a top consumer market in the US non-commercial acrylic paint landscape due to a rich end-user base, with an above-average growth rate expected in a near future.
As thick-bodied acrylics continue to gain the strongest traction which has been attributed to their strong colors, better coverage and fast drying times, the report indicates that their adoption will be greater in canvas-based applications. and paper. The non-commercial application of acrylic paint on canvas accounts for over a third of total paint consumption, while that on paper and wood accounts for a combined share of over 40%.
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DIY activities are giving significant impetus to market growth
The report estimates that the major applications of non-commercial acrylic paint in the United States include canvas, paper, and wood, with artifacts designed by professional artists and students. With the advent of DIY and hobbies, other substrates such as metal and ceramic are also likely to present a range of lucrative opportunities for the use of non-commercial acrylic paints.
The growth and urgency of non-commercial acrylic paints in the United States is largely attributed to the growth of DIY-based artifacts and finished products, and the considerable investment by academic institutions in skills development programs, absorbing into a largely non-commercial acrylic paints.
Apart from academic and commercial artefacts, non-commercial acrylic paints are gaining popularity in home interior decoration and in the further design of earthenware and pottery ware, thus creating an additional scope of added value for designers.
Over 60% of non-commercial acrylic paint consumed in the United States is artist-grade.
FMI has divided the US non-commercial acrylic paint market 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 varying degree of fast or slow drying rate helps professional artists enormously when designing a paint for a long process or a relatively short time of finishing the applied paint.
Currently, more than 3/5 of total non-commercial acrylic paint consumption in the United States is represented by artist-grade paint. However, the dramatically increasing number of students interested in painting and related career options will result in relatively higher opportunities for student-grade non-commercial acrylic painting in the United States, as the analysis suggests. of the IMF.
The market share of offline sales channels in the US non-commercial acrylic paint market is expected to remain clearly dominant over that of online sales channels. However, the report also highlights a rising share of online store revenue, which is expected to surpass in terms of growth rate, over the next few years.
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US Non-Commercial Acrylic Paints Market: Vendor Insights
The non-commercial acrylic paints market in the United States is considered to be a fairly consolidated market, with the overall market share of established Tier 1 players accounting for more than half of the overall market value.
Aggressive marketing, product development and consolidation of sales and service footprint are said to be the major development strategies of the major players in the US non-commercial acrylic paints market.
The report highlights some of the major companies 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 . BV, Golden Artist Colors, Inc., Croma Atlier, M. Graham & Co. and PEBEO SAS.
US non-commercial acrylic paints market by category
By type:
Fluid Acrylics
Thick Body Acrylics
Slow drying agents
By level:
Artist Category
Student grade
By app
Drink
Metal
Fabrics
Ceramic
Cloth
Paper
By region:
South
Midwest
Northeast
West
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About Future Market Insights (IMF)
Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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