Asia Pacific 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)
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.
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Market Overview and Dynamics
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
A few major primary and secondary sources referred to for preparing this report on artist grade acrylic paints market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Acrylicos Vallejo; Colart International Holdings Ltd.; Decoart, Inc.; Derivan Pty Ltd.; Lukas; Pebeo; and Royal Talens BV are among others.Reasons to buy report
- 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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
4. APAC Artist Grade Acrylic Paints Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. APAC Artist Grade Acrylic Paints Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Popularity of Acrylic Paints over Oil Paints
5.1.2 Increasing Demand for Convenient, Low-Maintenance, and Affordable Artist Paints
5.2 Market Restraint
5.2.1 Availability of Innovative/Substitute Products such as Powder Paints
5.3 Market Opportunities
5.3.1 Development of Non-Toxic, Low VOC Acrylic Paints
5.4 Future Trends
5.4.1 Growing Number of Professional Artists and Rising Inclination towards Fine Arts and Painting
5.5 Impact Analysis of Drivers and Restraint
6. Artist Grade Acrylic Paints – APAC Market Analysis
6.1 APAC Artist Grade Acrylic Paints Market Overview
6.2 APAC Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
7. APAC Artist Grade Acrylic Paints Market Analysis – By Product Type
7.1 Overview
7.2 APAC Artist Grade Acrylic Paints Market Breakdown, by Product Type, 2020 & 2028
7.3 Fluid Acrylics
7.3.1 Overview
7.3.2 Fluid Acrylics: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Heavy Body Acrylics
7.4.1 Overview
7.4.2 Heavy Body Acrylics: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Artist Grade Acrylic Paints Market Analysis – By Distribution Channel
8.1 Overview
8.2 APAC Artist Grade Acrylic Paints Market Breakdown, by Distribution Channel, 2020 & 2028
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Artist Grade Acrylic Paints Market – Country Analysis
9.1 Overview
9.1.1 APAC: Artist Grade Acrylic Paints Market, by Key Country
9.1.1.1 Australia: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.1.2 Australia: Artist Grade Acrylic Paints Market, by Distribution Channel
9.1.1.2 China: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.2.2 China: Artist Grade Acrylic Paints Market, by Distribution Channel
9.1.1.3 India: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.3.2 India: Artist Grade Acrylic Paints Market, by Distribution Channel
9.1.1.4 Japan: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.4.2 Japan: Artist Grade Acrylic Paints Market, by Distribution Channel
9.1.1.5 South Korea: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.5.2 South Korea: Artist Grade Acrylic Paints Market, by Distribution Channel
9.1.1.6 Rest of APAC: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.6.2 Rest of APAC: Artist Grade Acrylic Paints Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on APAC Artist-Grade Acrylic Paints Market
10.1 Overview
11. Company Profiles
11.1 Acrylicos Vallejo
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Colart International Holdings Ltd.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 DecoArt, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Derivan Pty Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 PEBEO
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Royal Talens BV
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 LUKAS
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
- Acrylicos Vallejo
- Colart International Holdings Ltd.
- Decoart, Inc.
- Derivan Pty Ltd.
- Lukas
- Pebeo
- Royal Talens BV