The watercolor market is set to witness steady growth during 2021-2031, with a CAGR of around 3.5-4.5%. The watercolor market is likely to grow demand based on the fact that more than 50% of the chemical in colors are removed and instead, water is used.
This not only reduces the hidden danger of flammability of colors but also, has no major adverse effect on the user while painting or spraying colors and also, causes minimal pollution to the environment while in consumption.
What is Driving Demand for Water Color Market?
With the advancing industries and growing demand of customers for low volatile natural ingredients in water colors, various industries continue to grow the demand. Additionally, the growing interest of customers in the packaging and labeling industry and its application remain to be the major reason driving the demand.
Further, the sales of watercolors are projected to become attributable to the rising demand for environment-friendly and practical products that offer usability on a large scale basis. Besides, the evolving printing industry is another major factor advancing the deals of the water colors industry.
The COVID-19 pandemic had severely affected the global economy by shutting the industrial sectors and growing the amount of unemployment. Moreover, the changing preferences of individuals consisted of essential items thus, hindering the growth of the water colors industry. Therefore, the water colors industry is likely to consume considerable uptime to recover from the crisis.
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Innovation in Products thus, Growing the Painting Industry
In the case of water-based colors, the density of the liquid is comparatively lower than the others and thus, has a reduced overall weight. Further, the water colors become easy to handle and thus, help in growing the customer base. Due to the presence of fewer chemicals, the water colors are more versatile and durable, and also usable by kids as well.
The growth in a number of extra recreational activities in educational institutes also increases the demand for safe painting products thus, growing the volume of sales of water colors. Moreover, the rapidly expanding advertisement and textile market are creating a lucrative market for water colors in the future. Better printing quality and effects at an affordable price are also encouraging the usage of water colors.
U.S. and Canada Water Color Market Outlook
North America is one of the largest markets for water color globally due to the fact that parents are very keen on making their kids participate in activities that are separate from the daily curriculum. Thus, high demand for organic and safe colors that are not hazardous are likely to create new growth opportunities for water color market.
In addition, the rapid urbanization and growth in the construction industry are promoting the use of cost-effective, convenient, and reliable products thus, is also encouraging global investment in the industry. Moreover, the recovering industries and commercial sectors are likely to provide a large range of expansion rate and usability of water colors, thus, growing the volume of sales.
Europe Demand Outlook for Water Color
The world-famous painters present in the countries of Europe majorly drive the global painting business. Thus, the innovation in types of colors present in the market will be directly be influenced and the sales are projected to grow.
Moreover, the high rate of adoption of smartphones and online shopping is likely to help the color industry to expand their customer base drastically as online retailers tend to supply products at a global range.
The growth in the number of manufacturing plants and industries and less reliability on other countries to conduct trading of materials for the production of various products is likely to create an evolving and growing market for the water color industry.
Who are the Key Manufacturers and Suppliers of Water Color?
Some of the leading manufacturers and suppliers of water color include
- Holbein
- Lukas
- Da Vinci
- Maimeri
- Sennelier
- Kremer
- Winsor and Newton
- Blockx
- Daler Rowney
- Grumbacher
- Lefranc & Bourgeois
- Yarka among others.
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The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Segments
By Product Type:
- Pure Transparent Watercolors
- Semi-Transparent Watercolors
- Opaque Watercolors
By End User:
- Students
- Artists/ Professionals
By Price Range:
- Less than US$ 25
- US$ 25 – US$ 100
- US$ 100 – US$ 200
- More than US$ 200
By Sales Channel:
- Wholesalers/ Distributors
- Supermarkets/ Hypermarkets
- Specialty Stores
- Multi-brand Stores
- Online Retailers
- Others
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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