What Is The Definition Of The Global Acrylic Powder Market?
Acrylic powder is a polymer material used primarily in the beauty industry for creating nail enhancements when mixed with a liquid monomer, forming a durable, moldable substance. It is also utilized in industrial applications, such as in coatings, paints, and adhesives, due to its strong, weather-resistant properties.
Acrylic Powder Global Market Report 2024 provides data on the global acrylic powder market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The acrylic powder market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Market Size And Growth Rate Of The Global Acrylic Powder Market Projected?
The acrylic powder market has expanded significantly, growing from $50.52 billion in 2023 to $54.48 billion in 2024 at a CAGR of 7.8%. This growth stems from rising disposable incomes, the expansion of nail salons, growth in the spa industry, the surge in men’s grooming products, and an aging population. By 2028, the market is expected to reach $73.98 billion at a CAGR of 8%, fueled by increased consumer awareness, the growth of online retail platforms, a focus on hygiene and safety, the popularity of vegan and cruelty-free products, and educational workshops. Key trends include product customization, innovations in fast-drying acrylic powders, the integration of technology in applications, advancements in color technology, and improvements in product shelf life.
What Are The Primary Growth Drivers In The Acrylic Powder Market?
The cosmetics and beauty industry is anticipated to drive the growth of the acrylic powder market, driven by consumer demand for personal care products and advancements in product formulations. Acrylic powders are integral to nail products, enhancing durability and providing a strong base for creative designs. The Bureau of Labor Statistics reported a 12.3% rise in personal care product and service expenditures in 2022, following a notable increase in 2021.
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What Is The Segmentation Of The Global Acrylic Powder Market?
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
What Emerging Trends Are Shaping The Acrylic Powder Market Landscape?
In the acrylic powder market, companies are innovating with nail art powders featuring self-leveling formulas to improve application precision and meet the demand for professional-grade nail products. A self-leveling formula ensures even spreading across surfaces, minimizing flaws and achieving a smooth finish with minimal effort. For instance, in August 2023, Legacy Nails Products, a U.S.-based brand, launched its magentas-colored acrylic nail powder collection. This vibrant range allows nail artists to incorporate bold magenta tones into their designs, offering eye-catching and high-quality results.
Which Region Has The Fastest Expansion In The Acrylic Powder Market?
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.
