Water Colour Palette Market set to witness steady growth with a CAGR of over 5.2% during 2022-2031

-

 According to the latest research, sales of water colour palette is set to witness steady growth with a CAGR of over 5.2% during 2021-2031. Demand for Water Colour Palette might witness substantial growth post suffering a drop in demand and sales throughout the COVID-19 pandemic period. Post-pandemic the anticipated growth in the art enthusiasts is expected to see a rise in demand for Water Colour Palette.

Customers are increasingly adopting to various wooden palette over plastic palettes that are used in the water colour arts. The boom in wooden accessory industry has been a major contributing factor towards the growth of the market. Use of such palettes by various professional art enthusiasts is also on the growth curve and thus, impacting the market growth positively.

The characteristics of the wooden palettes to avoid the corrosion has been one of the greatest drive for the adoption of such palettes.

Request a free sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-14165

One of the key factors driving the worldwide market’s growth is rising consumer base in the art enthusiast category. The rise of painting purely in water colours and oil paints has been a driving factor in this category. Moreover, the market for such palettes is predicted to grow in response to rising customer demand for stylish wooden accessories that can be attributed to the high use of water colours, correspondingly, acting as a major factor in the market growth.

Trend in Water Colour Palette Likely to Augment Sales

The oval shape painting palettes are being increasingly preferred by the art community all over the world. The ergonomics provided in such palettes prevents it from colour spillage and mixing with other colours better than different shaped palettes such as round, square, rectangle, etc. The high preference of such palettes has helped the market growth in a high manner leading to greater preference from beginner artists besides professional artists.

Though the availability of plastic palettes is greater than wooden palettes, the trend of wooden palette as a better tray for water colour painting is higher in the market. Such adoption of wooden trays has improved with better quality palettes being offered in the market by the key players. Alternatively, preference of these palettes by professional artists has seen a surge in demand in the last few years and has paved a path for wooden palettes in the art of water colour painting.

Impact of COVID-19 on Water Colour Palette Market

The coronavirus widespread has had a substantial impact on a wide variety of enterprises and their supply and value chains at all levels. One of the businesses that is now suffering as a result of the pandemic is consumer products.

Discover more about report analysis with figures and data tables, along with the table of contents. Request for TOC- https://www.futuremarketinsights.com/toc/rep-gb-14165

Inadequate logistics, traffic management, and public mobility limitations in impacted nation-states throughout the world had caused supply delays in raw material supply, which is one of the most critical sectors of the market’s value chain. Major market participants have had to rethink their contingency preparations and risk management as a result of the pandemic. Although, with decline in cases the market is anticipated to revive itself fully in near future.

Who are the Key Manufacturers and Suppliers of Water Colour Palette?

Some of the leading manufacturers and suppliers of water colour palette include

  • Winsor & Newton
  • Schmincke
  • Old Holland
  • Daniel Smith
  • Shanghai SIIC Marie Painting Materials
  • Hebei Chinjoo Art Materials
  • PEBEO
  • Daler-Rowney
  • Madisi
  • Anhui Zhongsheng among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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.

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid expansion of the
Read more