Rise of Online Communities and Tutorials Catapults the Demand for Non-commercial Acrylic Paints in the United States; FMI Analysts Projects Demand to Rise at a 4.5% CAGR until 2034. According to a recent report released, non-commercial acrylic paints are expected to witness sustained demand in the US as preference for fast-drying paints takes off in canvas- and paper-based applications.

NEWARK, DE / ACCESSWIRE / July 31, 2024 / The demand for non-commercial acrylic paints in the United States is predicted to surge at a 4.5% CAGR through 2034. According to the estimates, the non-commercial acrylic paint industry in the United States is valued at USD 299.3 million in 2024 and is projected to surpass USD 466.5 million by 2034.

The growth of online communities devoted to creativity and the arts has widened access to educational materials and peer support for budding artists. Through social media groups, forums, and instructional videos, people can readily connect with other like-minded individuals, exchange useful tips and strategies, and request feedback on their work.

In addition to providing a supportive and encouraging environment, this virtual ecosystem acts as a catalyst for creativity, encouraging more individuals to take up a paintbrush and give acrylic painting a try. As more people get enrolled in these communities, the demand for non-commercial acrylic paints in the United States rises.

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The emergence of e-commerce platforms has revolutionized the way people purchase art supplies, particularly acrylic paints that are not intended for commercial use. Online stores provide a huge assortment of goods, affordable prices, and the ease of buying whenever and wherever you choose.

Given their increased accessibility, acrylic paint businesses can now reach a wider audience outside of traditional brick-and-mortar storefronts. The non-commercial acrylic paints industry in the United States is experiencing tremendous development due to e-commerce, particularly among younger generations.

Key Takeaways from the Report on Non-commercial Acrylic Paint Industry in the United States

• The industry expanded at a 3.1% CAGR between 2019 and 2023.

• The heavy-body acrylic type segment holds 61.8% of market shares in 2024.

• The canvas application segment captured 34% of market shares in 2024.

• The demand in the Northeast United States is projected to rise at a 26.3% CAGR through 2034.

• The demand in the Southeast United States is anticipated to develop at a 19.7% CAGR through 2034.

• The demand in the Southwest United States is projected to rise at a 14.5% CAGR through 2034.

• The demand in the Midwest United States is anticipated to develop at a 17.2% CAGR through 2034.

• The demand in the West United States is projected to rise at a 22.3% CAGR through 2034.

"Strategic alliances and customization are essential for increasing revenues of the non-commercial acrylic paints industry in the United States. In order to maintain resilience in this dynamic market, businesses must swiftly adjust to satisfy the desires of environmentally concerned consumers." Says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape

The non-commercial acrylic paints industry in the United States is highly competitive, with prominent companies striving for market share and brand domination. Established companies like Liquitex, Golden Artist Colors, and Winsor & Newton have a long history of quality, innovation, and product differentiation, which has helped them maintain their position as industry leaders. These businesses retain a competitive advantage in the industry by using broad distribution networks, strong brand equity, and wide product portfolios, offering premium-grade acrylic paints customized to the requirements and preferences of both professional painters and enthusiasts.

Recent Developments

• In April 2023, Up PaintTM, an upcycled paint company, introduced Up Box. It is a novel approach for the appropriate recycling of post-consumer water-based paint. It provides a sustainable alternative to traditional paint disposal procedures.

• In August 2022, Engineered Polymer Solutions (EPS) launched EPS 2786, a new all-acrylic polymer for high-quality gloss interior and exterior architectural DIY and/or professional paints.

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Top Key Players in the United States Non-commercial Acrylic Paints Industry

• Golden Artist Colors, Inc.

• Liquitex Artist Materials

• Da Vinci Paint Co.

• Chroma Atelier

• Crafts 4 All

• Daler-Rowney

• Faber-Castell

• Winsor & Newton

• Koninklijke Royal Talens B.V.

• Reeves; M. Graham & Co.

• PEBEO SAS

• HK Holbein Inc.

• Decoart Inc.

• Plaid

• Crayola

• AEM Hi Arts

• Colors 4 Crafts

• Matisse

• Arteza

• Americana Acrylic

Segmentation Analysis

By Type:

The industry trifurcates into fluid acrylics, heavy-body acrylics, and slow-drying agents by type.

By Grade:

The sector bifurcates into artist grade and student grade based on grade.

By Application:

Non-commercial acrylic paints find application in wood, metal, fabrics, ceramics, canvas, and paper.

By Sales Channel:

The sector bifurcates into online and offline based on sales channels.

By Region:

The industry analysis is conducted in the Southwest, Southeast, Midwest, Northeast, and West parts of the United States.

Authored By

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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