The massive use of canvas primer in manufacturing products, including canopies, tents and awnings, is expected to witness substantial growth over the forecast period.
Properties including sturdiness, tearing, smooth surface which is not prone to snagging, resistance to extreme weather conditions and burn resistance are expected to be the key drivers for the global canvas primer market. As a result, canvas primer market is set to register a CAGR of 4.1%-4.9% during 2021-2031.
What is Driving Demand for Canvas Primer Market?
The increasing use of canvas primer by artists for oil and acrylic painting is expected to augment the market growth due to its superior stretching and absorbing properties.
Further, the market is expected to grow on the back of increased demand for canvas primer from the footwear industry for manufacturing canvas shoes due to low production cost and low maintenance.
Moreover, increasing demand for canvas primer for manufacturing products including backpacks, handbags and electronic device cases is also expected to drive the market growth over the next coming years.
However, the impact of COVID-19 on major markets such as the US and China has been adverse, as supply chain disruption in across the world has resulted in a decline in demand for canvas primer. The decrease in the number of new artistic projects and the temporary shutdown of manufacturing facilities are some of the factors hampering the market growth.
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Increase Use of Canvas Primer Among different Industry Complementing the Market Sales
Canvas primer is widely used in the manufacture of awnings and tents, sail and boat covers, bags, military clothing, canvas frames and apparel. The awnings and tent manufacturing industry has the largest market share for canvas primer product due to the widespread use of canvas in the construction of tents, awnings and sunshades. In addition, tents and awnings are expected to see the highest growth rate due to the growing demand from emerging economies.
Moreover, increasing use of canvas primer in apparels especially in military clothing due to its sturdiness is expected to boost the global market growth. Other typical applications of canvas primer products include the use of canvas in the manufacture of tarpaulins, wagon covers, drill rig curtains, saddle bags, generator covers, swimming pool covers and golf cart enclosures is boosting the demand for the product.
US and Canada Canvas Primer Market Outlook
Canvas primer products have the largest market share in North America because of the large scale canvas production and the abundance of cotton available in the region. In addition, the growth of industries including apparel, footwear, bags, tarpaulin and tent is expected to drive the market growth in the region during the forecast period.
Moreover, the growing demand for canvas from the shipping industry is another major factor contributing to the adoption of canvas primer in the US market.
Europe Demand Outlook for Canvas Primer Market
The canvas primer market in the Europe region is expected to grow significantly due to population migration to urban areas. The region is seeing strong growth of the real estate sector in the construction of new homes and buildings.
Therefore, the new construction drives new and innovative decoration products available in the market. Growth of the interior design industry in countries such as Germany, France and the UK has surged the demand for canvas primer products.
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Who are the Key Manufacturers of Canvas Primer Market?
Some of the leading manufacturers of canvas primer market include
- Liquitex
- Golden Artist Colors Inc.
- Grumbacher Gesso
- Gamblin
- Auto Body Paint
- Pro Art
- Sargent Art
- Mont Marte
- Winsor & Newton
- Handy Art
- Liquitex
- Vallejo 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.
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