The Global Acrylic Water based paint market expects to perform positively in 2024. The year expects to have major growth in the current year and continue the same in the upcoming years. There are several reasons behind the increase in demand. The major reason is the increase in the construction activities. It includes different activities such as renovation, repair, or new construction. Why there is a high demand for these paints?

Acrylic Water Based Paint

Why Acrylic Water Based Paint Performing Well In The Market?

Acrylic water based paint is easily dilutes in water. Not only that, they dry up in a few minutes or an hour. They also prevent cracking and do not fade away easily. Acrylic water-based paints are performing well in the market. They are the most demanded paints in the industry. The global report for acrylic water-based paints also shows a growth in the coming year. According to the report, the industry went up by 6.6% in the current year. It was a $31.81 billion industry which can reach $33.92 Billion in 2024.

In the coming four years, the market is projected to reach $44.05 Billion. Why the industry is having such a fast growth? Everyone is curious to know the reason behind this growth. Well, the major reason is the increase in the construction activities. It includes all kinds of renovation, development, infrastructure building, urbanization or real estate growth. Construction activities are increasing for several reasons. The foremost important is the infrastructure development in the country. The government is taking major projects at the moment for both residential and commercial development.

Thus, acrylic water-based paints play a huge role here. Construction activities are increasing globally as well as in India. There is a big market to capture at the moment. Let us have a look at the role of advanced technology in this development. Apart from construction activities, technology also plays a crucial role. Today, researchers can get the technology in real life faster than earlier times. The company uses bio-based technology and uses natural plant-derived ingredients rather than petroleum-based resins.

The replacement of petroleum-based resins leads to more environment-friendly products. The paints are much safer to use. They also help in reducing the carbon footprint contributing to the goal of net carbon zero by different countries. Apart from that, sustainable solutions get promoted in the process heading everyone towards a better living standard. The industry will grow further in the coming years. Stay tuned for more information.

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