Chemicals

Acrylic Powder Market Growth, Trends 2024-2033

The acrylic powder global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Acrylic Powder Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

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 in the historic period can be attributed to rising disposable income, expansion of nail salons, growth in the spa industry, surge in men’s grooming products, and an 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 in the forecast period can be attributed to increasing consumer awareness, the rise of online retail platforms, the focus on hygiene and safety, the focus on vegan and cruelty-free products, and the focus on educational workshops. Major trends in the forecast period include customization in product formulations, innovations in fast-drying acrylic powders, integration of technology in product applications, advancements in color technology, and advancements in product shelf life.

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Scope Of Acrylic Powder Market

The Business Research Company’s reports encompass a wide range of information, including:

Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.

Acrylic Powder Market Overview

Market Drivers –

The growing demand in the cosmetics and beauty industry is expected to propel the growth of the acrylic powder market going forward. The cosmetics and beauty industry encompasses a wide range of products and services to enhance or alter appearance, including makeup, skincare, haircare, fragrances, and personal care items. This growth is attributed due to increasing consumer awareness about grooming, advancements in product formulation and technology, and a rising demand for personal care products. Acrylic powder enhances the durability and finish of nail products, providing a strong base for nail enhancements and designs. For instance, in October 2023, according to the Bureau of Labor Statistics, a US-based government agency, personal care products and services experienced a significant rise of 12.3% in 2022, following a notable increase of 19.3% in 2021. Therefore, the growing demand in the cosmetics and beauty industry is driving the growth of the acrylic powder market.

Market Trends –

Major companies operating in the acrylic powder market are developing nail art powders with features such as a self-leveling formula to ensure smoother application, enhance design precision, and meet the growing demand for high-quality, professional-grade nail products. A self-leveling formula refers to a product’s ability to spread evenly across a surface, minimizing imperfections and creating a smooth, flawless finish without the need for excessive manipulation during application. For instance, in August 2023, Legacy Nails Products, a US-based professional nail care brand specializing in innovative nail products and enhancements, launched the magentas colored acrylic nail powder collection. This collection features a range of vibrant magenta-toned acrylic nail powders that nail technicians can use to create stunning nail art designs. The magentas collection allows nail artists to incorporate bold, eye-catching magenta shades into their acrylic nail creations.

The acrylic powder market covered in this report is segmented –

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

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Regional Insights –

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.

Key Companies –

Major companies operating in the acrylic powder marker 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

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