The Global Tempera Paint Market Growth Accelerated By Increasing Adoption In K-12 Activities

 

Tempera paints are a type of poster paint that uses water as a solvent and is consumed as a primary art and craft material for Kids. Tempera paints are non-toxic, washable, and quick-drying in nature which makes it ideal for art education purposes for kids from pre-school to grade 12. It is easy to handle and clean ideal for primary grades art projects.

The Global Tempera Paint Market Size is estimated to be valued at US$ 4.74 Bn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing adoption of Tempera paints in K-12 activities is one of the major trends driving the growth of the Global Tempera Paint Market. Tempera paint is the most commonly used painting medium for art and craft activities for kids from pre-school through 12th grade in schools across the globe. It not only helps kids to freely explore their creativity but also aids in their cognitive, motor, social, and emotional development. Most importantly, its non-toxic and washable properties make it safe for use by children without any risks. This growing focus on incorporating art-based activities in early education is expected to propel the demand for tempera paints over the forecast period.

Segment Analysis
The global tempera paint market is dominated by the acrylic tempera paint sub-segment. Acrylic tempera paints have higher durability compared to traditional tempera paints which use egg yolk as a binder. Acrylic paints can withstand moisture and last longer without cracking. Hence, they are more suitable for academic activities involving artwork and preferred more by schools. Traditional tempera paints face issues of moisture accumulation which can damage paintings.

Key Takeaways
The global tempera paint market is expected to witness high growth over the forecast period of 2024 to 2031. Supported by rising government investments in education sector and focus on developing modern academic infrastructure. The global Tempera Paint Market is estimated to be valued at US$ 4.74 Bn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024-2031.

Regional analysis
The Asia Pacific region currently dominates the global tempera market and is expected to continue its dominance during the forecast period. Higher student population and increasing education budgets in countries like China and India are driving tempera paint demand. The region is witnessing rapid development of academic facilities which in turn is boosting the tempera paint market.

Key players
Key players operating in the tempera paint market are BASF SE and British Petroleum Plc. BASF SE is one of the largest paint and coatings manufacturers globally. The company offers comprehensive range of tempera paints including acrylic and traditional egg-based varieties. British Petroleum Plc launched new eco-friendly water-based tempera paints in 2020 catering to the growing demand for sustainable products.

Get More Insights Here: https://www.newswirestats.com/tempera-paint-market-size-share-and-growth-forecast-2023-2030/