Middle East and Africa 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)
The artist grade acrylic paints market in MEA is expected to grow from US$ 42.38 million in 2021 to US$ 49.36 million by 2028; it is estimated to grow at a CAGR of 2.2% from 2021 to 2028.
Over the recent years, there has been a significant surge in the number of artists across the region. The rising interest of people in different art formats has boosted the growth of the art market. Moreover, the importance of arts is increasing significantly in the minds of people. Therefore, people are increasingly choosing arts and design as their career options. Moreover, there has been a growing inclination toward painting and fine arts as people view them as a healing therapy. Furthermore, Non-Fungible Token (NFT) is a new cryptocurrency like bitcoin and dogecoin, where artists can digitally trade their artworks and earn money. This platform is expected to provide lucrative opportunities to artists across the region. This factor may also boost the growing interest of people in arts. Thus, the rising interest in painting and fine arts is one of the rapidly emerging trends in the market, which is expected to boost the growth of the artist-grade acrylic paints market.
South Africa recorded the highest COVID-19 cases in the MEA, followed by Saudi Arabia and the UAE. The UAE was the first country in the region to report the first confirmed case of COVID-19. Due to the lockdown in the MEA countries, the distribution network was significantly disrupted, which affected the sales of artist-grade acrylic paints. However, the circumstances are far better than earlier. The market is experiencing positive recovery signs, and the sales of consumer products have surged. The government of the UAE has eased out various restrictions and permitted various sales channels like supermarkets and hypermarkets, departmental stores, convenience stores to start their operations. These factors are projected to boost the sale of artist-grade acrylic paints in the MEA in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the artist grade acrylic paints market. The MEA artist grade acrylic paints market is expected to grow at a good CAGR during the forecast period.
MEA Artist Grade Acrylic Paints Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
MEA Artist Grade Acrylic Paints Market Segmentation
MEA Artist Grade Acrylic Paints Market – By Product Type
- Heavy-Body Acrylics
- Fluid Acrylics
- Others
MEA Artist Grade Acrylic Paints Market – By Distribution Channel
- Supermarkets & Hypermarkets
- Specialty Stores
- Online Retail
- Others
MEA Artist Grade Acrylic Paints Market- By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Artist Grade Acrylic Paints Market-Companies Mentioned
- Acrylicos Vallejo
- Colart International Holdings Ltd.
- Decoart, Inc.
- 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. MEA Artist Grade Acrylic Paints Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. MEA Artist Grade Acrylic Paints Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Raised 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 Ascent in 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 – MEA Market Analysis
6.1 MEA Artist Grade Acrylic Paints Market Overview
6.2 MEA Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Artist Grade Acrylic Paints Market Analysis – By Product Type
7.1 Overview
7.2 MEA 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. MEA Artist Grade Acrylic Paints Market Analysis – By Distribution Channel
8.1 Overview
8.2 MEA 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. MEA Artist Grade Acrylic Paints Market – Country Analysis
9.1 Overview
9.1.1 MEA: Artist Grade Acrylic Paints Market, by Key Country
9.1.1.1 South Africa: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.1.2 South Africa: Artist Grade Acrylic Paints Market, by Distribution Channel
9.1.1.2 Saudi Arabia: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.2.2 Saudi Arabia: Artist Grade Acrylic Paints Market, by Distribution Channel
9.1.1.3 UAE: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.3.2 UAE: Artist Grade Acrylic Paints Market, by Distribution Channel
9.1.1.4 Rest of MEA: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Artist Grade Acrylic Paints Market, by Product Type
9.1.1.4.2 Rest of MEA: Artist Grade Acrylic Paints Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on MEA 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 PEBEO
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 Royal Talens BV
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 LUKAS
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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Artist Grade Acrylic Paints Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Artist Grade Acrylic Paints Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Artist Grade Acrylic Paints Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Artist Grade Acrylic Paints Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Artist Grade Acrylic Paints Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Artist Grade Acrylic Paints Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA Artist Grade Acrylic Paints Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA Artist Grade Acrylic Paints Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms, MEA Artist Grade Acrylic Paints Market
LIST OF FIGURES
Figure 1. MEA Artist Grade Acrylic Paints Market Segmentation
Figure 2. MEA Artist Grade Acrylic Paints Market Segmentation – By Country
Figure 3. MEA Artist Grade Acrylic Paints Market Overview
Figure 4. Heavy-Body Acrylics Segment Held the Largest Share of the MEA Artist Grade Acrylic Paints Market
Figure 5. Rest of MEA Held Largest Share of MEA Artist Grade Acrylic Paints Market
Figure 6. MEA Artist Grade Acrylic Paints Market, Key Market Players
Figure 7. MEA: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Artist-Grade Acrylic Paints Market, Ecosystem
Figure 10. MEA Artist Grade Acrylic Paints Market Impact Analysis of Drivers and Restraints
Figure 11. MEA: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Artist Grade Acrylic Paints Market Breakdown, by Product Type, 2020 & 2028
Figure 13. MEA Fluid Acrylics: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Heavy Body Acrylics: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Others: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Artist Grade Acrylic Paints Market Breakdown, by Distribution Channel, 2020 & 2028
Figure 17. MEA Supermarkets and Hypermarkets: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Specialty Stores: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Online Retail: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Others: Artist Grade Acrylic Paints Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA: Artist Grade Acrylic Paints Market, by Key Country-Revenue 2020 (US$ Million)
Figure 22. MEA: Artist Grade Acrylic Paints Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. South Africa: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Saudi Arabia: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. UAE: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of MEA: Artist Grade Acrylic Paints Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in MEA Country Markets- Acrylicos Vallejo
- Colart International Holdings Ltd.
- Decoart, Inc.
- Lukas
- Pebeo
- Royal Talens BV
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA artist grade acrylic paints market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA artist grade acrylic paints market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the artist grade acrylic paints market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution