Market Overview:
The global Fine Art Paints market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to various factors such as the increasing demand for Fine Art Paints from artists, art students and art lovers, and the growing popularity of Fine Art Paintings among consumers. In addition, the increasing disposable income of consumers is also contributing to the growth of this market. The global Fine Art Paints market can be segmented on the basis of type into oil colour, watercolour, acrylic colour and Chinese colour. The oil colour segment is expected to dominate this market during the forecast period owing to its properties such as high opacity and covering power which make it ideal for painting large-scale paintings. However, with technological advancements being made in paints manufacturing industry, other types such as watercolour and acrylic are also gaining traction among artists due their properties such as transparency and fast drying time respectively. On the basis of application, this market can be segmented into artist paint brushes & palettes), art student (paint tubes & pans), art lover (canvas boards) and others (such as greeting cards). Among these segments, artist segment dominates this market owing to rising demand for customized paintings by individual customers across different parts of world .
Product Definition:
Fine art paints are used by artists to create paintings, drawings, and sculptures. The paints are made of pigments and a binding agent, such as oil or acrylic. Fine art paints can be used to create a variety of different effects, depending on the type of paint and the way it is applied.
Oil Colour:
Oil Colour, also known as oil painting, is a type of paint made by the process of grinding and mixing pigments with an organic solvent (like linseed oil or alkyd resins) to produce a paint that is thicker than water but flows when applied to a surface. Oil Colours are very popular among painters owing to its various advantages such as it does not require any drying time; it has better covering power; and provides even coverage on the surface.
Water Colour:
Watercolour is a painting technique in which the paints are made of water and various organic solvents. The paints contain either all-purpose water-based or oil-based paint. Watercolours are usually transparent, but can be opaque depending on the amount of dryness or how much pigment is added to it.
Application Insights:
The application segment includes the artist, art student, and other. The others category comprises of corporate and private collectors. The demand for paintings by the collector other than artists is expected to witness growth owing to rising purchasing power in countries like China, India, Brazil etc., where people have started collecting fine arts pieces as an investment portfolio.
Art students are likely to exhibit high consumption of paints due to their low cost compared with professional artists. In addition, increasing number of schools & colleges offering visual arts as a subject matter will boost product demand from art students across regions including North America and Europe over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of fine artists, who use different types of paints for their paintings. China and India are among the largest consumers of these paints globally due to an increase in demand from artistically inclined people from middle-class families as well as those belonging to high-income groups.
North America is anticipated to witness significant growth over the next eight years owing to increasing awareness about art amongst young adults and students. Moreover, some U.S.-based companies such as Valspar Corporation have been providing oil colours for more than 150 years, which will also drive product demand in this region during the forecast period.
Europe accounted for more than 20% share of total revenue in 2017 on account that many countries including Spain, Italy and France are major producers.
Growth Factors:
- Increasing demand from the construction industry for decorative paints and coatings.
- Rising disposable income of consumers, which is resulting in an increase in demand for high-end paints and coatings.
- Rapid urbanization and growing population, which is leading to an increase in the number of new buildings and homes being constructed, thereby driving the demand for fine art paints.
- Technological advancements that are resulting in the development of new types of paints and coatings, such as water-based or low VOC (volatile organic compounds) products, which are more environmentally friendly and have a longer shelf life than traditional oil-based products. 5 .Growing popularity of DIY (do it yourself) projects among consumers as a way to save money on home renovations
Scope Of The Report
Report Attributes
Report Details
Report Title
Fine Art Paints Market Research Report
By Type
Oil Colour, Water Colour, Acrylic Colour, Chinese Colour, Others Colour
By Application
Artist, Art Student, Art Lovers, Other
By Companies
Winsor & Newton, Schmincke, Old Holland, Daniel Smith, Shanghai SIIC Marie Painting Materials, Hebei Chinjoo Art Materials, PEBEO, Daler-Rowney, Madisi, Anhui Zhongsheng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Fine Art Paints Market Report Segments:
The global Fine Art Paints market is segmented on the basis of:
Types
Oil Colour, Water Colour, Acrylic Colour, Chinese Colour, Others Colour
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Artist, Art Student, Art Lovers, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Winsor & Newton
- Schmincke
- Old Holland
- Daniel Smith
- Shanghai SIIC Marie Painting Materials
- Hebei Chinjoo Art Materials
- PEBEO
- Daler-Rowney
- Madisi
- Anhui Zhongsheng
Highlights of The Fine Art Paints Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oil Colour
- Water Colour
- Acrylic Colour
- Chinese Colour
- Others Colour
- By Application:
- Artist
- Art Student
- Art Lovers
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fine Art Paints Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fine art paints are made with a higher quality pigment and thinner paint than regular paints. They are designed for artists, photographers, and other professionals who require the best possible results.
Some of the key players operating in the fine art paints market are Winsor & Newton, Schmincke, Old Holland, Daniel Smith, Shanghai SIIC Marie Painting Materials, Hebei Chinjoo Art Materials, PEBEO, Daler-Rowney, Madisi, Anhui Zhongsheng.
The fine art paints market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fine Art Paints Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fine Art Paints Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fine Art Paints Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fine Art Paints Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fine Art Paints Market Size & Forecast, 2018-2028
4.5.1 Fine Art Paints Market Size and Y-o-Y Growth
4.5.2 Fine Art Paints Market Absolute $ Opportunity
Chapter 5 Global Fine Art Paints Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fine Art Paints Market Size Forecast by Type
5.2.1 Oil Colour
5.2.2 Water Colour
5.2.3 Acrylic Colour
5.2.4 Chinese Colour
5.2.5 Others Colour
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fine Art Paints Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fine Art Paints Market Size Forecast by Applications
6.2.1 Artist
6.2.2 Art Student
6.2.3 Art Lovers
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fine Art Paints Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fine Art Paints Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fine Art Paints Analysis and Forecast
9.1 Introduction
9.2 North America Fine Art Paints Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fine Art Paints Market Size Forecast by Type
9.6.1 Oil Colour
9.6.2 Water Colour
9.6.3 Acrylic Colour
9.6.4 Chinese Colour
9.6.5 Others Colour
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fine Art Paints Market Size Forecast by Applications
9.10.1 Artist
9.10.2 Art Student
9.10.3 Art Lovers
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fine Art Paints Analysis and Forecast
10.1 Introduction
10.2 Europe Fine Art Paints Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fine Art Paints Market Size Forecast by Type
10.6.1 Oil Colour
10.6.2 Water Colour
10.6.3 Acrylic Colour
10.6.4 Chinese Colour
10.6.5 Others Colour
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fine Art Paints Market Size Forecast by Applications
10.10.1 Artist
10.10.2 Art Student
10.10.3 Art Lovers
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fine Art Paints Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fine Art Paints Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fine Art Paints Market Size Forecast by Type
11.6.1 Oil Colour
11.6.2 Water Colour
11.6.3 Acrylic Colour
11.6.4 Chinese Colour
11.6.5 Others Colour
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fine Art Paints Market Size Forecast by Applications
11.10.1 Artist
11.10.2 Art Student
11.10.3 Art Lovers
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fine Art Paints Analysis and Forecast
12.1 Introduction
12.2 Latin America Fine Art Paints Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fine Art Paints Market Size Forecast by Type
12.6.1 Oil Colour
12.6.2 Water Colour
12.6.3 Acrylic Colour
12.6.4 Chinese Colour
12.6.5 Others Colour
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fine Art Paints Market Size Forecast by Applications
12.10.1 Artist
12.10.2 Art Student
12.10.3 Art Lovers
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fine Art Paints Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fine Art Paints Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fine Art Paints Market Size Forecast by Type
13.6.1 Oil Colour
13.6.2 Water Colour
13.6.3 Acrylic Colour
13.6.4 Chinese Colour
13.6.5 Others Colour
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fine Art Paints Market Size Forecast by Applications
13.10.1 Artist
13.10.2 Art Student
13.10.3 Art Lovers
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fine Art Paints Market: Competitive Dashboard
14.2 Global Fine Art Paints Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Winsor & Newton
14.3.2 Schmincke
14.3.3 Old Holland
14.3.4 Daniel Smith
14.3.5 Shanghai SIIC Marie Painting Materials
14.3.6 Hebei Chinjoo Art Materials
14.3.7 PEBEO
14.3.8 Daler-Rowney
14.3.9 Madisi
14.3.10 Anhui Zhongsheng
