Global Non-Commercial Acrylic Paint Market Overview
The Non-Commercial Acrylic Paint Market Size was estimated at 8.15 (USD Billion) in 2022. The Non-Commercial Acrylic Paint Industry is expected to grow from 8.35(USD Billion) in 2023 to 10.3 (USD Billion) by 2032. The Non-Commercial Acrylic Paint Market CAGR (growth rate) is expected to be around 2.37% during the forecast period (2024 - 2032).
Key Non-Commercial Acrylic Paint Market Trends Highlighted
Since its introduction, the Non-Commercial Acrylic Paint Market has received huge applause due to the growing interest among hobbies, art lovers, and students. This increase has been propelled by the increasing availability of art education programs and workshops. The ongoing trends also include a gradual change of the consumers’ lifestyle to more environmentally friendly, which results in the increased use of water-based and environmentally friendly acrylic paints.
Some of the key factors of this market include the rising need for self-expression and creativity, the readiness of people to join online art forums, and the cheaper costs of acrylic paints in comparison to other available mediums. Apart from this, increasing interest in upcycling and customization has further expanded the scope of applying acrylic paints in home décor and crafts.
In the recent past, the trend has been towards producing specialized acrylic paints for specific applications, for example, for fluid arts and pouring. The market is also experiencing a growth in the sale of artistic tools which make the creation of artworks more exquisite and more colourful. Also, owing to the approach of updating human society, there is the emergence of new formulations of acrylic paints that are more durable and fade-resistant for the needs of contemporary artists and conservators.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Commercial Acrylic Paint Market Drivers
Growing Popularity of Acrylic Painting as a Hobby and Form of Artistic Expression
The Non-Commercial Acrylic Paint Market Industry is experiencing a surge in demand due to the growing popularity of acrylic painting as a hobby and form of artistic expression. Acrylics are water-based paints that are easy to use, versatile, and offer a wide range of colors and effects. They are suitable for a variety of surfaces, including canvas, paper, wood, and fabric. The rise of online tutorials, workshops, and social media platforms dedicated to acrylic painting has further fueled its popularity, making it accessible to a wider audience.This growing interest in acrylic painting is expected to continue driving the demand for non-commercial acrylic paints in the coming years.
Increasing Adoption of Acrylic Paints in Educational Institutions
The Non-Commercial Acrylic Paint Market Industry is also witnessing increasing adoption of acrylic paints in educational institutions. Acrylics are non-toxic, water-soluble, and quick-drying, making them an ideal choice for students of all ages. They are also relatively affordable compared to other types of paints, which makes them a cost-effective option for schools and art programs. The use of acrylics in educational settings is not only helping to foster creativity and artistic expression among students but also contributing to the development of their fine motor skills and problem-solving abilities.
Expansion of the Art and Craft Industry
The expansion of the art and craft industry is another key factor driving the growth of the Non-Commercial Acrylic Paint Market Industry. Acrylic paints are widely used in various arts and crafts projects, including painting, drawing, mixed media, and decorative arts. The versatility of acrylics allows artists and crafters to create a wide range of effects, from realistic to abstract. The growing popularity of DIY projects, home décor, and personalized gifts is further fueling the demand for non-commercial acrylic paints in the art and craft industry.
Non-Commercial Acrylic Paint Market Segment Insights
Non-Commercial Acrylic Paint Market Product Type Insights
The Non-Commercial Acrylic Paint Market is segmented based on product type into acrylic emulsion paint, acrylic mediums and varnishes, acrylic gesso, acrylic pastel paint, and watercolor acrylic paint. Among these, the acrylic emulsion paint segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. This is because acrylic emulsion paints are increasingly used in the construction industry due to their property to be durable and resistance to fading and peeling. In addition, they are also easy to apply.The acrylic mediums and varnishes segment is also expected to have significant growth during the forecast period, due to the increasing use of these products in the art and craft industry. Acrylic mediums are used to change the consistency, texture, and drying time of acrylic paints, whereas acrylic varnishes are used to protect and enhance the finished artwork. The acrylic gesso segment is also expected to have a steady growth during the forecast period, because its use is increasingly being used as an undercoat for canvases and other surfaces for painting.It provides a smooth and even surface to paint on and also prevents the paint from being absorbed into the canvas. The acrylic pastel paint segment is expected to grow at a moderate pace during the forecast period because its demand is increasing among artists and hobbyists. Acrylic pastel paints are used to create the vibrant colors of acrylic paints and the soft texture that can be blended as pastels. The watercolor acrylic paint segment is expected to grow at a slower pace during the forecast period because its use is limited when compared to other types of acrylic paints.These are used to produce effects that are similar to watercolors and are transparent. However, these cannot be used as a replacement for other types of acrylic paints. Overall, the Non-Commercial Acrylic Paint Market is expected to grow steadily during the forecast period, mainly due to the increasing demand for these types of paint in the construction industry, art industry, and craft industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Commercial Acrylic Paint Market Distribution Channel Insights
The distribution channel segment plays a crucial role in the Non-Commercial Acrylic Paint Market. In 2023, the online retail segment held the largest market share, driven by the convenience and wide selection offered by e-commerce platforms. The Non-Commercial Acrylic Paint Market revenue through online retail is projected to reach USD 2.5 billion by 2024, expanding at a CAGR of 4.5%. Brick-and-mortar retail remains a significant channel, particularly for consumers seeking in-person shopping experiences and expert advice. Art and craft stores cater to a niche market of artists and hobbyists, offering specialized products and workshops.Direct-to-consumer sales are gaining traction as brands establish their own online stores and engage directly with customers. Wholesalers and distributors play a vital role in supplying paints to retailers and businesses. The distribution channel segmentation provides insights into the diverse buying patterns and preferences of consumers, enabling manufacturers to optimize their distribution strategies.
Non-Commercial Acrylic Paint Market Application Insights
The Application segment of the Non-Commercial Acrylic Paint Market holds significant importance, influencing the overall market growth and dynamics. Among the various applications, Canvas Painting is projected to dominate the market, accounting for a substantial share of the revenue in 2023 and continuing its dominance throughout the forecast period. The popularity of Canvas Painting stems from the versatility and durability of acrylic paints, making them ideal for creating artwork on canvas. Additionally, Paper Painting and Wood Painting hold notable market shares, driven by their widespread use in arts and crafts projects, school assignments, and home décor applications.Fabric Painting and Ceramics Painting also contribute to the market growth, catering to niche segments such as fashion design and pottery enthusiasts. The Non-Commercial Acrylic Paint Market segmentation provides valuable insights into the specific requirements and preferences of consumers across different applications, enabling market players to tailor their strategies and product offerings accordingly.
Non-Commercial Acrylic Paint Market End User Insights
The Non-Commercial Acrylic Paint Market is segmented by End Users into Hobbyists and Enthusiasts, Students and Educators, Professional Artists, Decorators and DIYers, and Schools and Institutions. The Hobbyists and Enthusiasts segment is the largest, accounting for 45% of the global market revenue in 2023. This segment is driven by the growing popularity of acrylic painting as a hobby and the increasing availability of affordable acrylic paints. The Students and Educators segment is the second largest, accounting for 25% of the global market revenue in 2023.This segment is driven by the increasing demand for acrylic paints in schools and art classes. The Professional Artists segment is the third largest, accounting for 20% of the global market revenue in 2023. This segment is driven by the growing number of professional artists using acrylic paints. The Decorators and DIYers segment is the fourth largest, accounting for 10% of the global market revenue in 2023. This segment is driven by the growing demand for acrylic paints for home décor and DIY projects. The Schools and Institutions segment is the smallest, accounting for 5% of the global market revenue in 2023.This segment is driven by the growing demand for acrylic paints in schools and art classes.
Non-Commercial Acrylic Paint Market Price Range Insights
The Non-Commercial Acrylic Paint Market segmentation by Price Range includes Economy, Mid-Range, Premium, and Professional Grade. The Professional Grade segment is expected to hold the largest share of the market in 2024, owing to its superior quality and performance. The Premium segment is also expected to witness significant growth as consumers become more willing to pay for high-quality products. The Economy segment is expected to remain the most price-sensitive, with consumers looking for affordable options. The Mid-Range segment is expected to grow steadily, as it offers a balance between price and quality.
Non-Commercial Acrylic Paint Market Regional Insights
The Non-Commercial Acrylic Paint Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest regional market, accounting for a significant share of the global revenue. The region's dominance is attributed to the presence of major manufacturers and a strong distribution network. Europe is the second-largest market, followed by APAC. The APAC region is expected to witness significant growth in the coming years, owing to the rising demand from emerging economies such as China and India. South America and MEA are relatively smaller markets, but they offer growth opportunities for market players.The Non-Commercial Acrylic Paint Market is highly competitive, with a number of global and regional players operating in the market. Some of the key players include Liquitex, Golden Artist Colors, Winsor Newton, Daler-Rowney, and Reeves. These companies offer a wide range of products to meet the diverse needs of consumers. The Non-Commercial Acrylic Paint Market is driven by factors such as the increasing popularity of painting as a hobby, the growing demand for art supplies in educational institutions, and the rising disposable income of consumers.The market is also expected to benefit from the growing trend of online art sales.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Commercial Acrylic Paint Market Key Players And Competitive Insights:
Major players in the Non-Commercial Acrylic Paint Market industry are continuously focusing on investing in research and development to develop innovative products and technologies to cater to the demands of end users. Non-Commercial Acrylic Paint Market development has been significantly fuelled by increasing demand for creative products, rising disposable income and emerging trends in art and craft activities. However, the Non-Commercial Acrylic Paint Market Competitive Landscape is characterized by a high competitive level owing to the presence of numerous prominent players in the market. Established and emerging players in the market are focusing on product differentiation, brand building and forming strategic partnerships to increase their market share and retain their positions in the market. Golden Artist Colors, Inc. is a prominent player in the Non-Commercial Acrylic Paint Market. It offers a wide range of acrylic paints and mediums sales and value-added products, including a range of professional-grade and student-grade products. The company has a powerful market presence in the non-commercial acrylic paint market, is a leader in innovation in this market and is renowned for providing high-quality products. The company’s products are popular among artists around the world and available through a network of distributors and retail outlets.Liquitex is a prominent competitor of Golden Artist Colors, Inc. in the Non-Commercial Acrylic Paint Market. Liquitex offers a comprehensive range of acrylic paints, mediums and tools for all artists that use its products. Its products are also high in quality, and the company focuses on offering artists the tools they need for creative work. The products are available from a variety of sources, most commonly from art supply stores, internet retailers and educational institutions.
Key Companies in the Non-Commercial Acrylic Paint Market Include:
- SchminckeneuparaLukas
- Vallejo
- Rembrandt
- Holbein
- Liquitex
- Chroma Atelier
- Lefranc Bourgeois
- Graham
- Da Vinci Paint Co.
- Grumbacher
- DalerRowney
- Matisse Deriva
- Winsor Newton
- Golden Artist Colors
Non-Commercial Acrylic Paint Market Industry Developments
The Non-Commercial Acrylic Paint Market is projected to reach USD 10.3 billion by 2032, exhibiting a CAGR of 2.37% during the forecast period. Rising demand for acrylic paints in the art and craft industry, coupled with the increasing popularity of DIY projects, is driving market growth. Acrylic paints offer quick drying time, versatility, and durability, making them suitable for various applications such as painting, drawing, and mixed media art.Recent market developments include the launch of water-based acrylic paints with improved durability and resistance to fading. Additionally, manufacturers are focusing on developing eco-friendly and sustainable acrylic paints to meet the growing consumer demand for environmentally responsible products.
Non-Commercial Acrylic Paint Market Segmentation Insights
- Non-Commercial Acrylic Paint Market Product Type Outlook
- Acrylic Emulsion Paint
- Acrylic Mediums and Varnishes
- Acrylic Gesso
- Acrylic Pastel Paint
- Watercolor Acrylic Paint
- Non-Commercial Acrylic Paint Market Distribution Channel Outlook
- Online Retail
- Brick-and-Mortar Retail
- Art and Craft Stores
- Direct-to-Consumer Sales
- Wholesalers/Distributors
- Non-Commercial Acrylic Paint Market Application Outlook
- Canvas Painting
- Paper Painting
- Wood Painting
- Fabric Painting
- Ceramics Painting
- Non-Commercial Acrylic Paint Market End User Outlook
- Hobbyists and Enthusiasts
- Students and Educators
- Professional Artists
- Decorators and DIYers
- Schools and Institutions
- Non-Commercial Acrylic Paint Market Price Range Outlook
- Economy
- Mid-Range
- Premium
- Professional Grade
Non-Commercial Acrylic Paint Market Regional Outlook
-
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
8.15(USD Billion) |
| Market Size 2023 |
8.35(USD Billion) |
| Market Size 2032 |
10.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.37% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
SchminckeneuparaLukas, Vallejo, Rembrandt, Holbein, Liquitex, Chroma Atelier, Lefranc Bourgeois, M. Graham, Da Vinci Paint Co., Grumbacher, DalerRowney, Matisse Deriva, Winsor Newton, Golden Artist Colors |
| Segments Covered |
Product Type, Distribution Channel, Application, End User, Price Range, Regional |
| Key Market Opportunities |
Online distribution expansion Growing popularity of fluid art Technological advancements Demand for customized paints Rising disposable income |
| Key Market Dynamics |
Growing demand for DIY art and craft Rising popularity of acrylic painting as a hobby Increasing use in educational settings Technological advancements in acrylic paint formulations Expanding online sales channels. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
In 2023, the Non-Commercial Acrylic Paint Market was valued at approximately USD 8.35 billion. This figure is projected to reach USD 10.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.37% during the forecast period.
North America is anticipated to dominate the Non-Commercial Acrylic Paint Market throughout the forecast period. The region's well-established art and craft industry, coupled with the presence of numerous art institutes and art enthusiasts, is primarily driving its market growth.
The growing popularity of acrylic paints among hobbyists and artists due to their versatility, ease of use, and affordability is a major factor propelling the market growth. Additionally, the increasing demand for art supplies in educational institutions and the rising disposable income in emerging economies are further contributing to the market expansion.
Canvas painting and other art forms hold the largest share of the non-commercial acrylic paint market. Acrylic paints offer vibrant colors, fast drying time, and versatility, making them ideal for various artistic applications.
Some of the prominent players in the Non-Commercial Acrylic Paint Market include Liquitex, Golden Artist Colors, Winsor Newton, Daler-Rowney, and Reeves. These companies offer a wide range of acrylic paint products catering to the diverse needs of non-commercial artists.
One notable trend in the non-commercial acrylic paint market is the growing demand for sustainable and eco-friendly products. Consumers are becoming increasingly eco-conscious, leading to a rise in the popularity of acrylic paints made from recycled materials or with a reduced environmental impact.
The COVID-19 pandemic had a mixed impact on the non-commercial acrylic paint market. While initial lockdowns and restrictions affected art supplies sales, the subsequent shift towards home-based activities led to an increase in demand for art supplies, including acrylic paints. This trend is expected to continue in the post-pandemic era.
One of the primary challenges facing the non-commercial acrylic paint market is the fluctuating prices of raw materials. Acrylic paints are made from various chemicals and pigments, and fluctuations in the prices of these materials can impact the overall cost of production.
The growing popularity of online art communities and social media platforms presents a significant growth opportunity for the non-commercial acrylic paint market. These platforms allow artists to showcase their work, connect with potential customers, and promote the use of acrylic paints.
One trend to watch out for in the non-commercial acrylic paint market is the increasing adoption of digital art tools and technologies. While traditional acrylic paints are still widely used, digital art tools offer certain advantages, such as the ability to create and modify artwork digitally, which could potentially impact the demand for non-commercial acrylic paints in the long run.
