Acrylic powder is a polymer material mainly used in the beauty industry for creating nail enhancements. When mixed with a liquid monomer, it forms a durable, moldable substance. It is also employed in various industrial applications, such as coatings, paints, and adhesives, because of its strong, weather-resistant properties.
The primary types of acrylic powders include clear acrylic powder, colored acrylic powder, glitter acrylic powder, and other specialty powders. Clear acrylic powder is a transparent polymer commonly used in nail enhancements, offering a durable finish while allowing the natural nail to show through. Its applications extend to fingernails, plaster production, textile printing inks, specialty coatings, dry film photography, and more, catering to end users such as beauty salons, households, and other commercial establishments.
The acrylic powder market research report is one of a series of new reports from the business research company that provides acrylic powder market statistics, including acrylic powder industry global market size, regional shares, competitors with an acrylic powder market share, detailed acrylic powder market segments, market trends and opportunities, and any further data you may need to thrive in the acrylic powder industry. This acrylic powder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The acrylic powder market size has grown strongly in recent years. It will grow from $50.52 billion in 2023 to $54.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth during the historical period can be attributed to increasing disposable income, the expansion of nail salons, the growth of the spa industry, a surge in men's grooming products, and a growing aging population.
The acrylic powder market size is expected to see strong growth in the next few years. It will grow to $73.98 billion in 2028 at a compound annual growth rate (CAGR) of 8%. The growth projected for the forecast period can be attributed to rising consumer awareness, the expansion of online retail platforms, increased emphasis on hygiene and safety, a shift towards vegan and cruelty-free products, and a focus on educational workshops. Key trends during this period include product formulation customization, innovations in fast-drying acrylic powders, the integration of technology in product applications, advancements in color technology, and improvements in product shelf life.
The rising demand in the cosmetics and beauty industry is expected to drive the growth of the acrylic powder market in the coming years. This industry covers a wide array of products and services aimed at enhancing or altering appearance, including makeup, skincare, haircare, fragrances, and personal care items. Factors such as growing consumer awareness about grooming, advancements in product formulations and technology, and increasing demand for personal care products are contributing to this growth. Acrylic powder plays a crucial role in nail products by improving their durability and finish, providing a solid foundation for nail enhancements and designs. For example, in October 2023, the Bureau of Labor Statistics, a US government agency, reported a 12.3% rise in personal care products and services in 2022, following a significant 19.3% increase in 2021. Consequently, the growing demand in the cosmetics and beauty sector is fueling the expansion of the acrylic powder market.
The expansion of the building and construction industry is also expected to boost the acrylic powder market's growth in the future. This industry's growth is driven by urbanization, increased infrastructure spending, higher demand for residential and commercial properties, and technological advancements in construction. Acrylic powder is widely used in this sector to enhance the strength, durability, and aesthetic qualities of materials such as concrete, plaster, and coatings, improving adhesion and resistance to environmental conditions. For instance, in 2022, the Office for National Statistics, a UK-based authority, reported a rise in total new construction work by £18,161 million ($22.70 billion), with the private and public sectors growing by 16.8% and 13.1%, respectively. As a result, the growth in the building and construction sector is expected to drive further expansion in the acrylic powder market.
Leading companies in the acrylic powder market are focusing on developing nail art powders with self-leveling formulas to ensure smoother application, enhance design precision, and meet the increasing demand for high-quality, professional-grade nail products. A self-leveling formula allows the product to spread evenly over a surface, reducing imperfections and creating a flawless finish without requiring excessive manipulation during application. For instance, in August 2023, Legacy Nails Products, a US-based brand specializing in professional nail care products and enhancements, introduced the magenta-colored acrylic nail powder collection. This collection offers a variety of vibrant magenta-toned acrylic powders, enabling nail technicians to create striking nail art designs. The magentas collection allows nail artists to incorporate bold, eye-catching magenta shades into their acrylic nail creations.
Major companies operating in the acrylic powder market are BASF SE, Dow Inc., LG Chem Ltd., Mitsubishi Chemical Corporation, DIC Corporation, OPI Products LLC, Troy Corporation, Mia Secret Inc., Esschem Europe, Young Nails Inc., Glam and Glits Nail Design Inc., Tammy Taylor Nails Inc., Akzentz, Star Nail International, EzFlow, Nailite Inc., Supernail, Kupa Inc., Modelones, Gelish, Kiara Sky, Entity Beauty
North America was the largest region in the acrylic powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the acrylic powder marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the acrylic powder marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The acrylic powder market consists of sales of nail acrylic powders, artistic acrylic powders, coating powders, and adhesives and sealants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Acrylic Powder Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on acrylic powder market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for acrylic powder ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The acrylic powder market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered:1) By Type: Clear Acrylic Powder; Colored Acrylic Powder; Glitter Acrylic Powder; Other Specialty Acrylic Powders
- 2) By Application: Fingernail; Plastisol Production; Textile Printing Inks; Specialty Coatings; Dry Film Photo; Other Applications
- 3) By End Users: Beauty Salons; Households; Other Commercial Establishments
- Companies Mentioned: BASF SE; Dow Inc.; LG Chem Ltd.; Mitsubishi Chemical Corporation; DIC Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.