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The artist grade acrylic paints market was valued at US$ 925.24 million in 2021 and is projected to reach US$ 1,348.62 million by 2028; it is expected to grow at a CAGR of 5.5% from 2021 to 2028. Artist grade acrylic paints are highly pigmented and produce bright colors on a wide range of surfaces, including canvas, metal, glass, and wood. and are known for their high-quality pigments. Generally, artists prefer acrylic paints over oil paints, owing to their convenience, low-maintenance, excellent lightfastness, and flexibility. Moreover, artist grade acrylic paints are gaining popularity over oil paints, owing to their affordability and low toxicity.

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Based on product type, the artist grade acrylic paints market is segmented into fluid acrylics, heavy-body acrylics, and others. The heavy-body acrylics segment held the largest share of the global artist grade acrylic paints market in 2020. The fluid acrylics segment is projected to grow at the fastest CAGR over the forecast period. Fluid acrylics are acrylic paints with a thin consistency and are composed to flow and spread easily without losing color intensity. Fluid acrylics usually come in bottles with drippers or screw tops that make applying the paint to the palette easy. These are suitable for pouring paints rather than applying them with brushes. These paints are usually formulated with pigments that are dispersed in an acrylic polymer emulsion. The range contains both organic as well as inorganic pigments, including cobalt, quinacridone, and pyrroles. They are highly versatile, excellent for staining and glazing, pouring and dropping techniques, shading, or as an alternative to watercolors. Besides, fluid acrylics also find applications in spraying, dry brush application, staining techniques, fine brushwork, and water media techniques. Fluid acrylics are utilized in airbrushing techniques when diluted with airbrush thinner. They are highly pigmented and have properties such as superior lightfastness, UV resistance, and high coverage.

Furthermore, fluids allow smooth flowing applications while preserving color intensity, film integrity, tinting strength, and adhesion. Fluids blend readily with all acrylic colors and tint gels, mediums, gessoes, and grounds. Thus, the high versatility of fluid acrylics and its growing application for fine brushwork, staining, water media techniques, and pouring and dropping techniques is the key factor anticipated to drive the fluid acrylics segment during the forecast period.

The artist grade acrylic paints market is segmented into five main regions- North America, Europe, (APAC), Middle East and Africa (MEA), and South & Central America (SAM). In 2020, Europe held the largest share of the global artist grade acrylic paints market, and Asia-Pacific is projected to grow at the fastest CAGR over the forecast period. The popularity of artist grade acrylic paints is significantly growing amongst the consumers in Europe, owing to their properties such as versatility, durability, fast drying time, and low toxicity. Moreover, there has been a significant rise in the number of people inclined toward fine arts and painting in the region, potentially driving the regional market. Furthermore, there is a strong presence of prominent manufacturers of artist grade acrylic paints such as SENNELIER, Royal Talens BV, and ACRYLICOS VALLEJO in Europe, which is significantly contributing to the market growth. These players are heavily focusing on product innovation strategy, which is attracting a large group of consumers. This, in turn, is expected to further propel the market growth across Europe in the forthcoming period. The artist grade acrylic paints market in Asia-Pacific 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.

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Impact of COVID-19 Pandemic on Artist Grade Acrylic Paints Market

Many sectors, including the paints and coatings industry, faced unprecedented challenges due to the COVID-19 pandemic. Due to operational difficulties under COVID-19 safety protocols, the paint sector contracted sales during the initial months of the pandemic. The COVID-19 safety regulations made it harder for smaller businesses to operate and sell their products. The supply chains were completely disrupted due to nationwide lockdown and border restrictions, which negatively impacted the sales of paint products. Moreover, the manufacturing of acrylic paints got hampered due to the shortage of raw materials and labor. People started exploring their hobbies during the lockdown period, which created a significant demand for artist grade acrylic paints. Still, there was a demand and supply gap, owing to a shortfall in product supply and a breakdown in the distribution network.

Businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased the situation, leading to a rise in business activities across the globe. Due to the rising vaccination rates across the globe, the market started recovering from the losses, which is expected to positively impact the growth of the artist grade acrylic paints market.

Increasing Demand for Convenient, Low-Maintenance, and Affordable Artist Paints

Acrylic painting requires fewer tools than oil painting. They are convenient, easy to store and transport, and are affordable alternatives to oil paints. Many commercial painters prefer acrylic paints because of their flexibility and quick drying time. Moreover, acrylic paints require less maintenance compared to oil paints as they are easy to clean. Furthermore, acrylic paints are non-toxic and will not crack, peel, or turn yellow with time. Professional artists increasingly use acrylic paints, owing to their benefits over other paints like oil and watercolors. Owing to faster lifestyles, artists require hassle-free painting alternatives.

Moreover, commercial artists generally prefer acrylic paints due to their faster turnaround times. Thus, the rapidly increasing demand for affordable, flexible, and convenient paints is potentially driving the artist grade acrylic paints market. Moreover, manufacturers are improving the characteristics of acrylic paints to cater to the changing requirements of consumers. This factor is also expected to further boost the growth of the artist grade acrylic paints market in the near future.

The key players operating in the artist grade acrylic paints market include Acrylicos Vallejo; Colart International Holdings Ltd.; Da Vinci Paint Co.; Daler-Rowney Ltd.; Decoart, Inc.; Derivan Pty Ltd.; Lukas; Pebeo; Royal Talens BV; and Sennelier.These players heavily focus on product innovation strategy to attract large consumer groups across different regions and enhance customer satisfaction.

The report segments the artist grade acrylic paints market as follows:

Based on product type, the artist grade acrylic paints market is segmented into fluid acrylics, heavy-body acrylics, and others. Based on distribution channel, the artist grade acrylic paints market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. Based on geography, the artist grade acrylic paints market is segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM)

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