Global Tempera Paint Market Is Estimated To Witness High Growth Owing To Increasing Use in Arts and Crafts
The global Tempera Paint Market is estimated to be valued at US$ 4.11 billion
in 2022 and is expected to exhibit a CAGR of 5.4% over the forecast period
2022-2030, as highlighted in a new report published by Coherent Market
Insights.
Market Overview:
Tempera paint refers to a type of paint that is commonly used in arts and
crafts. It is made from pigments mixed with a water-soluble binder, such as egg
yolk or glue. This type of paint has been extensively used for centuries due to
its vibrant colors, smooth texture, and ease of use. Tempera paint is known for
its quick drying time, which makes it a popular choice among artists of all
skill levels.
The advantages of using tempera paint include its versatile nature, as it can
be used on various surfaces such as canvas, wood, and paper. It also provides
excellent coverage and can be easily blended to create different shades and
colors. Furthermore, tempera paint is non-toxic and safe for use by children,
making it suitable for educational purposes.
Market Key Trends:
One key trend in the tempera paint market is the increasing demand from the
arts and crafts industry. With the growing popularity of DIY crafts and
creative activities, there is a rising need for high-quality paints that can
deliver vibrant colors and smooth finishes. Tempera paint fulfills these
requirements and is widely used in various art forms, such as painting,
sculpture, and printmaking.
Moreover, the growing focus on art education in schools further drives the
demand for tempera paint. Educational institutions are incorporating art
programs into their curriculum to enhance creativity and cognitive development
among students. As a result, there is an increasing demand for tempera paint in
schools and other educational settings.
PEST Analysis:
- Political: The government regulations and policies regarding the use of
chemicals in paints can impact the market. Stringent regulations that promote
the use of eco-friendly and non-toxic paints are likely to drive the demand for
tempera paint.
- Economic: Economic factors such as disposable income and consumer spending on
arts and crafts can influence the market. As personal income increases,
individuals are more likely to spend on creative activities, leading to higher
demand for tempera paint.
- Social: The growing awareness about the benefits of art therapy and its
positive impact on mental well-being is expected to boost the demand for
tempera paint. Additionally, the rising popularity of DIY crafts among
individuals of all age groups is driving the market.
- Technological: Technological advancements in paint manufacturing, such as the
development of water-soluble binders and improved pigmentation techniques, are
driving the growth of the tempera paint market.
Key Takeaways:
- The global Tempera
Paint Market Overview is
expected to witness high growth, exhibiting a CAGR of 5.4% over the forecast
period, due to increasing demand from the arts and crafts industry.
- North America dominates the global tempera paint market, followed by Europe
and Asia Pacific. The Asia Pacific region is expected to witness the fastest
growth due to the rising popularity of art education and increasing disposable
income in countries like China and India.
- Key players operating in the global tempera paint market are Crayola LLC,
Faber-Castell AG, Sargent Art, Reeves (Colart Group), Liquitex (Colart Group),
Sax Arts & Crafts, Prang (Dixon Ticonderoga Company), RASCHER GmbH,
Richeson Art Materials, and Jovi S.L.
In conclusion, the global tempera paint market is poised to experience
significant growth in the coming years. The increasing use of tempera paint in
arts and crafts, coupled with the rising demand from the education sector, is
driving market growth. Additionally, technological advancements and the focus
on eco-friendly paints are further propelling the market. With a positive
outlook and promising market trends, the tempera paint market presents
lucrative opportunities for key players in the industry.
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