Global Art Paint Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Art Paint Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Art Paint market finds that the global Art Paint market reached a value of USD 2519.51 million in 2022. It’s expected that the market will achieve USD 3469.46 million by 2028, exhibiting a CAGR of 5.48% during the forecast period.

During COVID-19, development opportunities in the art paint market

As the global lockdown caused by COVID-19 has led to an increase in demand, the art paint supply market may gain the upper hand in terms of growth. Since governments of various countries have implemented isolation policies, many people are using this time to complete their hobbies, such as painting. This aspect may provide huge growth opportunities for the art paint market between 2021 and 2025. The promotion of cultural and indigenous art types in various countries may greatly increase the supply of art. Over the years, as people's awareness of the environment has increased, the use of biodegradable art paint has also gained considerable momentum. This factor may promote the good growth of the art paint market.

As the number of families with children continues to increase, casual art is becoming more and more popular

The impact of COVID-19 will have a short-term impact on the art paint market. However, due to the increasing number of families with children and the increasing popularity of leisure art, the demand for art paint will inevitably increase greatly during the forecast period. Government agencies in many countries are now announcing easing of standards to get the economy back on track. This provides a golden opportunity for the art paint supply market to resume growth. Therefore, based on all these factors, the art paint supply market may only experience a short-term decline in growth.

The general concept of art education in developing countries

The general concept of art education in developing countries has promoted the development of the art paint market. Throughout the school, the use of Watercolor, pens, pencils, paper, markers, etc. for artistic purposes has become the main contributor to the entire art paint product market. In addition, as an important extracurricular activity, more and more attention is paid to art and handicrafts, which is another aspect of driving the demand for art paint.

Companies focused on stationery products are increasing their investments in acrylic paint, further creating lucrative prospects for manufacturers.

Acrylic paint has been treated as a type of medium that is suitable for kindergarten classrooms only over the past few decades. However, with the advancement of pigmentation, consistency, and finishes, many artists - David Hockey, Helen Frankenthaler, Mark Rothko – are preferring acrylic paints as an ideal choice. This changing preference has boosted the prominence of acrylic paints among artists over the years. In addition, excellent properties of acrylic paint are broadening their adoption among artists, globally.

Acrylic paints are low-maintenance mediums that do not require custom supplies such as conventional oil paints. They offer the benefits of enhanced consistency and texture. The versatile nature of acrylic paints is making them an ideal medium that allows artists to paint on different kinds of canvases. Artists are the key consumers of acrylic paints. Companies focused on stationery products are increasing their investments in acrylic paint, further creating lucrative prospects for manufacturers. Hence, increasing adoption of acrylic paint as a professional medium of painting will continue to drive the art paint market growth in the coming years.

Region Overview:

In 2022, the share of the Art Paint market in North America stood at 46.26%.

Company Overview:

Faber Castell is one of the major players operating in the Art Paint market, holding a share of 15.8% in 2023.

Faber Castell

Faber-Castell is one of the world's largest and oldest manufacturers of pens, pencils, other office supplies (e.g., staplers, slide rules, erasers, rulers) and art supplies, as well as high-end writing instruments and luxury leather goods. Headquartered in Stein, Germany, it operates 14 factories and 20 sales units throughout the globe.

FILA

FILA founded in Florence in 1920 and managed since 1956 by the Candela family, is a highly consolidated, dynamic and innovative Italian industrial enterprise and continues to grow market share. FILA is an icon of Italian creativity globally through its coloring, drawing, modelling, writing and painting tools, hanks to brands such as Giotto, Tratto, Das, Didò, Pongo, Lyra, Doms, Maimeri, Daler-Rowney and Canson.

Segmentation Overview:

As for product types, the Acrylic Paints segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Leisure Purposes, with a market share of 41.03% in 2022.

Key Companies in the global Art Paint market covered in Chapter 3:

Talens
Gamblin
Prismacolor
Spectrum Noir
Mont Marte
Old Holland
Matisse
Artlicious
Sennelier
STA
Virtuoso
Pebeo
Crafts 4 All
Ohuhu
Staedtler
Simba Lion
Copic
Amsterdam
Rembrandt
Faber Castell
Lukas
Arteza
Elifo
Wooster Brush
Da Vinci Brush
Folkart
Van Gogh
Grumbacher
Benicci
Schmincke
Pentel
Heartybay
Golden
Artify Art Supplies
Michael Harding
FILA
Bianyo
Mitsubishi Pencil
Hahnemuhle
Colart (Liquitex, Winsor & Newton and Lefranc & Bourgeois)
Strathmore
Daniel Smith
Tombow
Lineon

In Chapter 4 and Chapter 14.2, on the basis of types, the Art Paint market from 2018 to 2029 is primarily split into:

Acrylic
Oil
Watercolor
Markers
Pencils
Pens/Fineliners
Inks
Paper
Canvas
Brushes
Medium/additives
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Art Paint market from 2018 to 2029 covers:

Professional
Educational
Leisure Purposes
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)