PUBLISHER: The Business Research Company | PRODUCT CODE: 1702675
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702675
Acrylic water-based paints are formulated with acrylic polymer emulsion as a binding agent and water as a solvent, offering rapid drying times, minimal odor, and effortless cleanup. Renowned for their adaptability, capacity to adhere to various surfaces, and resilience, these paints find widespread use in both residential and commercial settings for interior and exterior applications.
The primary constituents of acrylic water-based paint include pigment, binder, and additional additives. Pigment serves as the coloring agent, providing hue and opacity to the paint. Acrylic water-based paints are applied on diverse substrates such as metal, paper, wood, canvas, fabric, and glass. They cater to an array of applications including skirting boards, metal appliances, outdoor furniture, architectural paints, bridges, and more, servicing industries ranging from building and construction to electrical and electronics, textile, footwear, furniture, among others.
The acrylic water-based paint research report is one of a series of new reports from The Business Research Company that provides acrylic water-based paint market statistics, including the acrylic water-based paint industry's global market size, regional shares, competitors with an acrylic water-based paint market share, detailed acrylic water-based paint market segments, market trends and opportunities, and any further data you may need to thrive in the acrylic water-based paint industry. This acrylic water-based paint market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The acrylic water based paints market size has grown strongly in recent years. It will grow from $33.92 billion in 2024 to $36.29 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increasingly stringent environmental regulations, growing consumer awareness about the health and environmental benefits of acrylic water-based paints, changing architectural trends towards sustainable and eco-friendly construction materials, expansion of construction and renovation activities, and rising supportive government initiatives.
The acrylic water based paints market size is expected to see strong growth in the next few years. It will grow to $46.93 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to emerging application areas, increasing digitalization in marketing strategies, growing focus on sustainable practices across the paint industry, rising market penetration in developing regions, and growing demand for customization and personalization color options using acrylic water-based paints. Major trends in the forecast period include advanced formulation techniques, innovative packaging solutions, digital color matching tools, use of biodegradable additives, integration of smart paint monitoring systems, IoT sensors, and predictive maintenance algorithms, and use of modular paint systems.
The uptick in construction activities is anticipated to drive the expansion of the acrylic water-based paint market in the foreseeable future. Construction activities encompass a range of tasks involved in erecting, renovating, or altering buildings, infrastructure, and other structures. The surge in construction activities is fueled by factors such as burgeoning urbanization, infrastructure development projects, and the expansion of real estate markets, all of which contribute to the heightened demand for water-based acrylic paints. Construction projects often entail renovation, refurbishment, and maintenance endeavors aimed at enhancing the aesthetic appeal and functionality of existing structures. Acrylic water-based paints find extensive usage for both interior and exterior applications in such construction projects. For example, as per data from the Office for National Statistics in November 2023, Great Britain witnessed a 3.9% (£393 million) upswing in the total construction of new orders in Quarter 3 of 2023 compared to Quarter 2 of the same year. This surge was primarily driven by substantial increases in public other new orders and infrastructure new orders, which soared by 23.7% (£265 million) and 14.3% (£204 million), respectively. Hence, the escalating construction activities are bolstering the acrylic water-based paint market.
Companies operating in the acrylic water-based paint market are channeling their efforts towards technology-driven enhancements, particularly with bio-based technology, which involves integrating natural plant-derived ingredients to substitute petroleum-based resins. This innovation in bio-based technology aims to mitigate the carbon footprint associated with paint production while offering environmentally sustainable solutions to consumers. For instance, in January 2023, PT Mowilex Indonesia, a manufacturer of premium paints and coatings based in Indonesia, unveiled Naturalle Paint, a water-based acrylic binder featuring bio-based technology containing 28% renewable raw materials. This pioneering paint mitigates formaldehyde levels in indoor air by leveraging plant-based components, thereby enhancing indoor air quality with its zero-VOC formulation and formaldehyde-absorption capability. Naturalle paint is environmentally conscious and offers a formaldehyde abatement feature that can elevate indoor air quality.
In February 2024, INEOS Automotive, a UK-based manufacturer of off-road vehicles, partnered with BASF's Coatings division on a global automotive refinish and paint development project. This collaboration aims to surpass industry standards in vehicle body repair and paint refinishing, focusing on delivering sustainable refinish solutions, advanced digital color-matching technology, and comprehensive training. BASF's Coatings division, a Germany-based leader in automotive paints and coatings, including waterborne acrylic coatings, will leverage its expertise to enhance the refinish process. This partnership underscores INEOS Automotive's commitment to quality and innovation in vehicle manufacturing and repair, ensuring long-term sustainability and excellence in automotive aesthetics.
Major companies operating in the acrylic water based paints market are BASF SE, Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., Masco Corporation, RPM International Inc., Axalta Coating Systems Co. Ltd., Diamond Vogel Paints, Valspar Corporation, Kansai Paint Co. Ltd., Asian Paints Limited, Jotun A/S, Cromology, Hempel A/S, DAW SE, Benjamin Moore And Co., Dunn-Edwards Corporation, Teknos Group, Tikkurila, Kelly-Moore Paints, Flugger Group, Tamiya Incorporated, Musashi Paint Co. Ltd., Meffert AG Farbwerke.
Asia-Pacific was the largest region in the acrylic water based paints market in 2024. The regions covered in the acrylic water based paints market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the acrylic water based paints market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The acrylic water-based paints market consists of sales of acrylic polymer emulsions, additives, specialty resins, and colorants that help with enhancing paint viscosity, improving flow and leveling properties, and ensuring stability, shelf life, and durability. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Acrylic Water Based Paints Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on acrylic water based paints market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for acrylic water based paints ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The acrylic water based paints market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.