The Acrylic Powder Market Size was estimated at 1.58 (USD Billion) in 2022.The Acrylic Powder Market Industry is expected to grow from 1.62(USD Billion) in 2023 to 2.13 (USD Billion) by 2032. The Acrylic Powder Market CAGR (growth rate) is expected to be around 3.06% during the forecast period (2024 - 2032).
Key Acrylic Powder Market Trends Highlighted
With regard to the acrylic powder market, the rise in popularity of nail art and decoration and enhancement, growth in the number of people willing to get nail extensions and further enhancements, and the rise in income levels in developing countries act as the key market drivers. There is a boom in the nail care industry since acrylic powder continues to be a preferred material for artificial nails due to its strength, flexibility, availability, and ease of application in artificial nail use. For acrylic powder sales, the main areas of potential include the growth of the beauty and wellness sphere, growing demand for professional and home-use nail supplies over the Internet, and home manicures done in the DIY style. Within the scope of new product development, there are extended options like powders that are more durable and flexible and some research alternatives that are sustainable in nature. Recent patterns in the market trends regarding acrylic powder include clear and non-opaque acrylic powders and the popularizing demand of wanting their nails done; a subtle natural look is being pursued more by most. New developments of hybrid acrylic powders that integrate the advantages of petroleum-based liquid and powder systems have ideal core structural integrity without compromising on flexibility. A new series of acrylic powders with thicker pigmented bases and glitters will be used to achieve the bold chic design of the nails without comprising acrylic.Rising take-up of professional training and certification programs that focus on developing and building upon the credibility of acrylic powder machine nail stylists.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylic Powder Market Drivers
Rising Demand for Artificial Nails
The acrylic powder market is driven by increasing demand for artificial nails. Acrylic nails are highly preferred for nail enhancement due to their various benefits, such as their durable nature, versatility in designs, and affordability. Nowadays, people are more passionate about art on nails and prefer having long and strong nails, which in turn boosts and drives the market. The growing consciousness of nail care and the increased number of nail salons further increases the demand for acrylic powder.Rising innovations and increased trends in nail art applications will drive the acrylic powder market. Many people are inclined to use artificial nails for a better appearance, which further increases the market.
Technological Advancements
Another factor that is driving the acrylic powder market is technological advancement. The development of new and improved formulas for acrylic powder results in it being more durable, chip-resistant, and easy to use. These technological advancements make acrylic nails more attractive to consumers and propel the growth of this market. Moreover, the development of new techniques and tools facilitates the application of powder and helps nail technicians produce beautiful and long-lasting nails.Thus, as technology advances, the acrylic powder market continues to grow.
Increasing Disposable Income
Another factor that increases the demand for the acrylic powder market is the rising disposable income in emerging economies. As people have more money to spend on various things, they tend to invest more in themselves and their appearance. This leads to a growing need for various nail services and the popularity of acrylic nails. It is expected that the growing middle class in such countries as China, India, and Brazil will increase the demand for acrylic powder in the coming years.
Acrylic Powder Market Segment Insights
Acrylic Powder Market Application Insights
The Application segment of the Acrylic Powder Market holds significant importance, contributing to its overall growth and dynamics. Among the key applications, Nail Extensions accounted for the largest revenue share in 2023, estimated at approximately USD 0.69 billion. This dominance is attributed to the growing popularity of nail art and the increasing demand for long, sculpted nails. Nail Overlays, another prominent application, is expected to register a steady growth rate over the forecast period due to its ability to enhance the natural nails' strength, durability, and appearance.Nail Sculpting, a technique used to create custom-designed artificial nails, is projected to witness a significant rise in demand, driven by the growing trend of nail artistry and the desire for unique and personalized nail designs. Dental Applications, although accounting for a smaller market share, are expected to gain traction due to the increasing use of acrylic powder in denture fabrication and other dental procedures. This growth is primarily attributed to the rising popularity of nail enhancements, the increasing demand for dental applications, and the expanding beauty and cosmetics industry.Moreover, the growing awareness of nail care and the advancements in nail art techniques are further fueling the market expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylic Powder Market Form Insights
The form segment of the acrylic powder market is divided into Powder, Liquid, and Gel. Among these, the Powder segment dominated the market in terms of revenue and is projected to do so over the forecast period. The Powder segment accounted for over 45% of the total Acrylic Powder Market revenue in 2023 and is expected to reach a market valuation of USD 1.2 billion by 2032, expanding at a CAGR of 3.5% over the mentioned forecast period. Compared to other forms, powder is more popular due to its easy use, versatility, and durability. The powder is more suitable for professional nail technicians as it is easier to control and shape the artificial nails made using the powder.Powder application leaves a superior finish that is long-lasting.
Acrylic Powder Market Color Insights
The Acrylic Powder Market is segmented by Color into Clear, Pink, White, Ombre, and Glitter. Among these, the Clear segment held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period. The growing demand for clear acrylic powder in nail art and extensions has contributed to its significant market share. The Pink segment is projected to witness the highest CAGR during the forecast period, owing to the increasing popularity of pink shades in nail fashion. White acrylic powder is also expected to experience steady growth, as it is commonly used for French manicures and nail tips.Ombre and Glitter acrylic powders are gaining popularity as they offer unique and eye-catching nail designs. The Glitter segment is expected to grow at a significant rate, as it allows for a wide range of creative and sparkly nail looks.
Acrylic Powder Market Grade Insights
The Acrylic Powder Market is segmented based on Grade into Professional, Salon, and Home Use grades. The Professional grade segment accounted for the largest revenue share of 42.8% in 2023 and is expected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for professional nail care services, particularly in emerging economies. The Salon grade segment held a significant revenue share of 37.2% in 2023 and is expected to witness steady growth. The Home Use grade segment is projected to expand at a CAGR of 4.3% during the forecast period, driven by the growing popularity of DIY nail care and the increasing availability of home-use acrylic powder kits.
Acrylic Powder Market Regional Insights
Regionally, North America is anticipated to maintain its dominance throughout the forecast period, capturing a significant market share due to the rising demand for acrylic powder in the automotive, construction, and healthcare industries. Europe is expected to follow North America, driven by the growing adoption of acrylic powder in various end-use applications. The Asia-Pacific region is projected to witness the fastest growth over the forecast period, owing to the increasing demand from emerging economies such as China and India. South America and the Middle East and Africa are also expected to contribute to the overall market growth, albeit at a slower pace compared to other regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Acrylic Powder Market Key Players and Competitive Insights
Major players in the Acrylic Powder Market industry are continuously developing new products and technologies to meet the changing needs of customers. Leading Acrylic Powder Market players are also investing in research and development to improve the quality and performance of their products. The development of the acrylic powder market is driven by the increasing demand for acrylic products in various industries, such as automotive, construction, and electronics. The Acrylic Powder Market Competitive Landscape is characterized by the presence of a number of and regional players.Leading Acrylic Powder Market player Evonik Industries is a leader in the production of acrylic monomers, polymers, and composites. The company offers a wide range of acrylic products, including acrylic powder, acrylic resins, and acrylic fibers. Evonik Industries has a strong presence, with manufacturing facilities in Europe, Asia, and North America. The company is committed to providing high-quality acrylic products and services to its customers.
A competitor of Evonik Industries in the Acrylic Powder Market is The Dow Chemical Company. Dow is a leader in the production of chemicals and plastics. The company offers a wide range of acrylic products, including acrylic powder, acrylic resins, and acrylic fibers. Dow has a strong presence, with manufacturing facilities in Europe, Asia, and North America. The company is committed to providing high-quality acrylic products and services to its customers.
Key Companies in the Acrylic Powder Market Include
Acrylic Powder Market Industry Developments
The acrylic powder market is projected to reach USD 2.13 billion by 2032, exhibiting a CAGR of 3.06% during the forecast period 2024-2032. The market growth is attributed to the rising demand for acrylic powder in the nail care industry, particularly in emerging economies. The increasing popularity of nail art and nail extensions is fueling the demand for acrylic powder, owing to its durability, versatility, and ability to create intricate designs.Recent news developments in the market include the launch of new acrylic powder formulations by major players, such as the introduction of hypoallergenic and odorless acrylic powders. These advancements cater to the growing consumer demand for safe and user-friendly nail care products. Furthermore, the expansion of e-commerce platforms has facilitated the distribution of acrylic powder, making it more accessible to consumers globally.
Acrylic Powder Market Segmentation Insights
Acrylic Powder Market Application Outlook
Acrylic Powder Market Form Outlook
Acrylic Powder Market Color Outlook
Acrylic Powder Market Grade Outlook
Acrylic Powder Market Regional Outlook
Frequently Asked Questions (FAQ) :
The acrylic powder market size was valued at USD 1.62 billion in 2023 and is projected to reach USD 2.13 billion by 2032, exhibiting a CAGR of 3.06% during the forecast period.
The growth of the acrylic powder market is primarily attributed to the rising demand for acrylic nails, owing to their durability, versatility, and aesthetic appeal. Additionally, the increasing use of acrylic powders in various industrial applications, such as adhesives, sealants, and coatings, is further propelling market growth.
The North America region is expected to witness significant growth in the acrylic powder market, owing to the increasing adoption of acrylic nails in countries like China, India, and Japan. The growing beauty and personal care industry in these countries is driving the demand for acrylic powders.
Acrylic powder has applications in various industries, including cosmetics, construction, and manufacturing. In the cosmetics industry, it is primarily used for nail enhancements, such as acrylic nails and nail art. In construction, acrylic powder is employed as an additive in adhesives, sealants, and coatings to enhance their strength and durability. Additionally, acrylic powder is used in the manufacturing of plastics, automotive parts, and electronic components.
The acrylic powder market is moderately fragmented, with several key players operating in the industry. Some of the prominent companies include Arkema, Evonik Industries, Dow Chemical Company, BASF SE, and Lucite International. These companies focus on innovation, product development, and strategic partnerships to gain a competitive edge in the market.
The acrylic powder market is witnessing several emerging trends, including the growing demand for eco-friendly and sustainable acrylic powders. Additionally, the advent of advanced technologies, such as 3D printing and UV curing, is creating new opportunities for the application of acrylic powders in various industries.
The COVID-19 pandemic had a moderate impact on the acrylic powder market. During the initial stages of the pandemic, the market experienced a decline due to the closure of salons and beauty centers. However, as the pandemic subsided, the market rebounded, driven by the increasing demand for at-home nail care products and the gradual reopening of salons.
The acrylic powder market faces certain challenges, including the stringent regulations imposed on the use of certain chemicals in the production of acrylic powders. Additionally, the rising environmental concerns associated with the disposal of acrylic waste pose challenges for market growth.
The future outlook for the acrylic powder market is positive. The growing demand for acrylic nails and the increasing use of acrylic powders in industrial applications are expected to drive market growth in the coming years. Additionally, the development of innovative and sustainable acrylic powder products is anticipated to create new opportunities in the market.
Key growth opportunities for the acrylic powder market include the expansion into emerging markets, the development of new applications in industries such as healthcare and automotive, and the adoption of sustainable and eco-friendly production practices. Additionally, collaborations between manufacturers and research institutions to develop advanced acrylic powder formulations present opportunities for innovation and market growth.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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