Dry Erase Paint Market: Global Industry Analysis and Forecast (2023-2029)

Dry Erase Paint Market was valued at US$ 689 Mn. in 2022. Global Dry Erase Paint Market size is estimated to grow at a CAGR of 3.1% over the forecast period.
Dry Erase Paint Market Overview:
On account of advantageous benefits and features, the dry erase paint market is expected to gain traction not only in the education sector but also in the corporate and corporate learning sectors. Dry erase paint could potentially have a broader range of applications. Aside from the usual dry erase whiteboards used in conference rooms, businesses might employ dry erase paint on nearly any flat surface.To know about the Research Methodology :- Request Free Sample Report

Dry erase paints, also called whiteboard paints or erasable markers, are whiteboard markers that can be used to draw on a whiteboard. A whiteboard is a rectangular flat hardwood surface that has been coated with a white glossy plastic coating and is used to write on with an erasable marker. Dry erase paints or markers are non-permanent paints or markers used for writing on a board that can be quickly wiped clean after use. These markers range in price and quality from low-cost, low-quality paint to pricey, high-quality paint. The paints are available in a variety of colors.
Market Dynamics:
On account of approving interests and possessions, the global dry erase paint market is expected to face friction not only in the teaching sector but also in the business and corporate education sections. There could be a wide range of dry erase paint implementations available. The uniqueness of being allowed to use illegal surfaces at buildings or other barriers may drive operators to change their thought processes.

Therefore, using dry erase paint in the office could be one of the ways to count the elements of teamwork and pleasure at work. With technological advancements, the global market is expected to introduce solutions with low to zero evaporative organic combinations. This might help industry competitors gain permission from government agencies such as the Occupational Safety and Health Administration and the Environmental Protection Agency. Different items offered across the globe dry erase paint market is expected to spark interest in business cooperation methods.

The Dry Erase Paint market is showing continuous high demand thanks to its convenience. In terms of application, the utilization of dry erase paints extends from temporary writing using acetate sheets used for overhead projectors to writing on whiteboards and similar other shiny surfaces. The paint is used to write on drywall, masonite, wood, cement, and metal, among other surfaces. Dry erase paints should be flexible enough to be put over acrylic latex painted surfaces as well as drywall without causing damage to the substrate. However, the market is expected to face significant restraints due to excessive VOC emissions and odor.

Civilizations and manageable organization combinations ought to growth the want for dry-erase paint. Schools and Preschools also are expected to hook up with the improvement with the growth of cooperative mastering and different innovative compounds withinside the coaching segments. Innovative views like washer-friendly partitions ought to decide to be crucial for the all-inclusive improvement of the market. In addition, dry erase paints are transient paints or eradicable markers, which can be used for writing on a whiteboard that may be rubbed off from the whiteboard readily after utilization.

The dry erase paint industry is expected to introduce solutions that contain minimal to no volatile organic compounds as technology (VOCs) advances during the forecast period. This is expected to help industry participants gain favor with regulatory agencies like the Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA). As a result The dry erase paint market is expected to grow at a significant rate during the forecast period.
Dry Erase Paint Market Segment Analysis:
Based on the Resin Type, the market is segmented into Acrylics, Epoxy, Polyurethanes, Polysiloxane, and Others. The Polysiloxane segment held the largest market share, accounting for 36.1% in 2022. The segment growth is attributed to growing popularity among consumer across the globe. Polysiloxane resin is a high solid content, low VOC coating that is strongly crosslinked onto an intact substrate to form a chemical and stain resistant film. It has the same disinfecting odor as medical facilities and is suitable for professional residential applications. These factors are driving the dry-erase paint market for this segment.

Based on the Application, the market is segmented into Companies, Healthcare Facilities, and Educational Institutions. The Educational Institutions segment held the largest market share, accounting for 44.7% in 2022. The segment growth is attributed to the growing demand and use of dry erase paint in educational institutions. An increasing number of educational institutions across the globe are also driving the market growth for this segment.
Regional Insights:
The North America region held the largest market share accounted for 40.5% in 2022. The region's growth is attributed to the top-notch acquisition of various join automation built IWBs in North America, especially in the U.S education, business, and administrative industries. In addition, the presence of a number of the vital IWB manufacturing industries like Cisco, Smart Technologies, Egan, and Team board are also driving the dry erase paint market growth in the region.

The objective of the report is to present a comprehensive analysis of the global Dry Erase Paint Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Dry Erase Paint Market dynamic, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Dry Erase Paint Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 689 Mn.


Forecast Period 2023 to 2029 CAGR:
3.1%
Market Size in 2029:
US $ 853.17 Mn.


 Segments Covered:
by Resin Type
Acrylics
Epoxy
Polyurethanes
Polysiloxane
Others


by Application
Companies
Healthcare Facilities
Educational Institutions



Dry Erase Paint Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Dry Erase Paint Market Key Players are:
1. Precision Coatings
2. Kokuyo Camlin
3. Candy Paint Asia
4. The Sherwin Williams Company
5. Dulux Idea Paint Products
6. Products Group
7. LA-CO Industries
8. Hiatchi Limited
9. NEC Display
10.WEpaint

Frequently Asked Questions:

1] What segments are covered in the Global Dry Erase Paint Market report?
Ans. The segments covered in the market report are based on Resin Type and Application.

2] Which region is expected to hold the highest share in the Global Dry Erase Paint Market?
Ans. The North America region is expected to hold the highest share in the market.

3] What is the market size of the Global Dry Erase Paint Market by 2029?
Ans. The market size of the market by 2029 is expected to reach US$ 853.17 Mn.

4] What is the forecast period for the Global Dry Erase Paint Market?
Ans. The forecast period for the market is 2023-2029.

5] What was the market size of the Global Dry Erase Paint Market in 2022?
Ans. The market size of the market in 2022 was valued at US$ 689 Mn.