The global Canvas Panels market is anticipated to grow at a CAGR of 4.6 % during the forecast period (2022-2028). Canvas board demand is being driven by changing end-user demand for lightweight, easy-to-transport painting materials. Furthermore, the canvas itself contains a variety of dynamic properties that find numerous applications in a variety of industries, including canvas board, and thus remains a profitable avenue for canvas board manufacturers. Furthermore, the introduction of extra-curricular activities in educational institutes across the globe is likely to increase demand for products in the painting category, thereby increasing demand for canvas boards which will impact the market growth during the forecast period. Furthermore, the hardwearing quality and water-resistant capabilities entice customers, thereby broadening its applications.
Artists and painters are shifting away from canvas in favour of glass, metal, and cardboard, which is putting a damper on the industry’s demand for canvas board. Canvas, as a fabric, is long-lasting and has a wide range of properties, making it ideal for use in a variety of applications such as painting, bags, shoes, furniture, and shelters, among others. Furthermore, the expanding construction industry is likely to favour the use of canvas as a product that can be deployed to provide shade at doors, windows, patios, and gardens. Furthermore, the availability of various online platforms that allow customers to learn anything has driven the DIY trend in recent times. This has always been a problem for manufacturers, as customers tend to learn and apply their design ideas.
However, as industries evolve and new innovative products are introduced, artists and painters are gradually shifting from canvas to glass, metal, and cardboard, which is a major disadvantage in the canvas panels market, causing demand to fall.
Consumer spending on infrastructure and interior design in residential areas has increased in the US and Canada in recent years. The widespread adoption of the internet of things, as well as various promotions via advertising and digital platforms, are further fueling market growth. Furthermore, the culture of the region encourages individuals to participate in or maintaining a hobby as an extra-curricular activity, which is likely to create a new opportunity for canvas panels on a large scale, thus growing the market during the forecast period.
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Competitive Landscape-
Arteza, MontMarte International, Fredrix Artist Canvas, Michaels Stores Inc., US Art Supply, Jerry’s Artarama, among others.
By Type
5inch x 5inch
5inch x 7inch
6inch x 6inch
8 Inch x 10 Inch
9 Inch x 12 Inch
Others
By Application
Art Galleries
Universities and Schools
Individual Artists
Others
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Scope of the Report
The research study analyzes the Global Canvas Panels industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Canvas Panels Market Report
1. What was the Global Canvas Panels Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Canvas Panels Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Canvas Panels Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Canvas Panels market.
- The market share of the Global Canvas Panels market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Canvas Panels market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Canvas Panels market.
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