Enjoy complimentary customisation on priority with our Enterprise License!
The acrylic powder market size is forecast to increase by USD 895.1 million, at a CAGR of 5.54% between 2023 and 2028. The market growth is driven by the emphasis on aesthetic appeal in the automotive, construction, and consumer goods industries and rising disposable incomes. Acrylic powders are used for protective coatings on automotive body parts, furniture coatings, and nail enhancements. The acrylic powder market is driven by various applications across industries, including polymer substances like Polymethyl methacrylate (PMMA) and Polyethyl methacrylate (PEMA). These coatings enhance appearance, durability, and offer high-quality finishes, meeting the evolving needs of consumers and industries.
To learn more about this market forecast report, Download Report Sample
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The fingernail segment dominates the marketduring the forecast period. The global acrylic powder market experienced significant growth in 2023, with the fingernail segment leading the demand. Acrylic powder, a polymer substance, is commonly used in the beauty and cosmetics industry for creating artificial nails and nail enhancements. The combination of acrylic powder and a liquid monomer forms a thermoplastic, which can be shaped and molded onto fingernails. Acrylic powder is extensively used in the formulation of various cosmetic products, contributing to their performance and aesthetic appeal.
For more details on other segments, Download Sample Report
The fingernail segment shows a gradual increase in the market share of USD 1.23 billion in 2018. This paste-like substance hardens rapidly when exposed to air, providing quick drying time and efficient application. In the fashion accessory sector, acrylic powder is utilized in various applications beyond nail grooming. It is employed in the production of luxury cars for corrosion protection and in plastisol production. Additionally, it is used in textile printing inks, specialty coatings, dry film photoresists, eyeshadows, and blushes. Acrylic powder's chemical resistance and weatherability make it an ideal choice for these applications. Acrylic powder is derived from ethyl methacrylate (EMA) and methyl methacrylate (MMA) monomers, which undergo polymerization when combined with a polymer like poly-HEMA. Benzophenone-1 and ultraviolet light are often used as initiators in the polymerization process. The resulting high-performance materials offer excellent smoothness, durability, and resistance to various environmental factors. E-commerce platforms and advanced logistics have made it easier for consumers to purchase acrylic powder and related products. As a result, the market for acrylic powder is expected to continue its growth trajectory in the coming years. Acrylic powder is also used in the production of clear coats, adhesives, sealants, and paints and coatings, further expanding its applications.
To understand geographic trends Download Report Sample
APAC is estimated to contribute 46% to the growth of the global market during the forecast period. APAC is a key region for the manufacturing and consumption of acrylic powder, driven by factors such as rapid industrialization, urbanization, and a thriving cosmetics industry. factors contributing to the growth in APAC is the growing demand for acrylic powder from the cosmetics industry. Countries such as China, Japan, South Korea, and India have witnessed a rise in demand for cosmetic products in recent years, including those that utilize acrylic powder as a key ingredient. The rising disposable incomes, changing beauty trends, and increased consumer awareness of cosmetic products have fueled the demand for acrylic powder, which in turn will drive growth in the region during the forecast period. The automotive industry in APAC is witnessing rapid growth, leading to increased demand for acrylic powder coatings for vehicle exteriors, trims, and automotive interior parts. The focus of the automotive sector on lightweight and environmentally friendly materials has further boosted the demand for acrylic powder, as it offers advantages such as low VOC emissions and excellent color retention properties. Thus, the growing automotive industry in the region will drive the growth of the regional market during the forecast period.
Acrylic powder is a crucial polymer substance in various industries, including nail enhancements, paints, coatings, adhesives, sealants, high-performance materials, plastics, cosmetics, and inks. It is produced by polymerizing ethyl methacrylate (EMA) or methyl methacrylate (MMA) monomers under ultraviolet light in the presence of a photoinitiator such as Benzophenone-1. Acrylic powder helps enhance the texture and consistency of foundation formulas, ensuring smooth and even application on the skin. The resulting acrylic powder is then mixed with a liquid monomer, such as Poly-HEMA, to create a polymer substance. The global acrylic powder market is significant due to its wide applications in diverse sectors. In the cosmetics industry, acrylic powder is used to create long-lasting nail enhancements. Acrylic powders, combined with liquid monomers like Ethyl methacrylate (EMA) and Methyl methacrylate (MMA), are essential in the cosmetic and beauty industry for nail grooming, nail polishes, and nail maintenance. In the manufacturing sector, it is used in the production of paints, coatings, adhesives, sealants, high-performance materials, and plastics. The market for acrylic powder is expected to grow due to increasing demand for these applications. Consumers can purchase acrylic powder through various channels, including online platforms and mobile commerce.
The market is experiencing notable growth driven by an intensified focus on aesthetics. Achieving well-maintained nails is crucial for attaining the desired visual appeal, reflecting prevailing fashion trends. This trend prompts consumers worldwide to explore innovative beauty products like artificial nails. These overlays enhance the length of short nails, resulting in a sleeker appearance, further customizable through trimming, filing, and painting to effectively mimic natural nails. Acrylic nails offer distinct advantages over natural ones, providing uniform length, shape, and versatile decoration options.
Further, the durability and resilience of acrylic nails make them particularly popular among working women due to their swift application and drying process. Acrylic powder, a superior thermoplastic used in artificial nail resin, enhances nail strength, stiffness, clarity, and scratch resistance, extending nail lifespan. Affordable and enduring, acrylic powders necessitate maintenance every 10 to 15 days, driving demand for nail care services. Overall, the increasing emphasis on aesthetics is a significant factor driving the growth of the global acrylic powder market in the forecast period.
The rapid expansion of e-commerce and global trade has transformed businesses and consumer behavior worldwide, particularly in the beauty and personal care industry. E-commerce, fueled by technological advancements and changing consumer habits, has made it easier for businesses to reach global markets, significantly increasing product accessibility. Consumers enjoy the convenience of shopping online, leading to the growth of industries like nail salons and spas.
Moreover, aligned with market growth and trends, e-commerce has enabled small and medium-sized businesses to engage in cross-border trade without physical stores, opening new revenue opportunities. This expansion has intensified competition, driving businesses to offer better products, competitive pricing, and excellent service. These trends are expected to boost the growth of the global acrylic powder market during the forecast period.
Several health and safety concerns associated with the use of acrylic powder are a key challenge hampering the growth of the market. Using acrylic powder raises various health and safety worries. Allergic reactions are a key concern, with potential skin irritation, redness, itching, or swelling due to ingredient sensitivities. Reading labels and being aware of known allergies is crucial to avoid issues.
Further, chemical sensitization poses a risk through repeated exposure, leading to heightened sensitivity or allergy development. Those working with acrylic powders should take precautions like gloves and ventilation. Inhaling dust and fumes during application also poses respiratory risks, demanding proper salon ventilation and protective masks. Incorrect application or removal methods can damage nails, emphasizing the importance of professional assistance. Regulatory restrictions, like those on MMA, further affect safety and market integrity. Hence, health and safety concerns could challenge the growth of the global acrylic powder market in the forecast period.
The Market is fragmented in nature. Some significant players include Arkema Group, Asian Paints Ltd., Axalta Coating Systems LLC., BASF SE.
The research report also includes detailed analyses of the competitive landscape and information about 15 companies, including:
Berger Paints India Ltd., Brillux GmbH and Co. KG, Chemilac Paints Pvt Ltd, DIC Corp., Dow Chemical Co., Makevale Group, Jesons Industries Ltd, Jotun AS, The Karnak Corp., KM Nail Manufacturer, Nippon Paint Holdings Co. Ltd., RPM International Inc., Sika AG, The Sherwin Williams Co., and PPG Industries Inc.
Acrylic powder is a crucial polymer used in various industries for producing acrylic products. The primary raw materials for acrylic powder production include ethyl methacrylate (EMA) and methyl methacrylate (MMA), which are liquid monomers. Acrylic powder undergoes polymerization when exposed to ultraviolet light and a polymerization initiator such as Benzophenone-1. Acrylic powder finds extensive applications in diverse sectors. In the personal care industry, it is used in nail grooming for artificial nails, nail polishes, and nail enhancements. For fashion accessories, acrylic powder is used in producing clear coats for luxury cars and corrosion protection. In the industrial sector, it is used in plastisol production, textile printing inks, specialty coatings, and dry film photoresists. Acrylic powder offers several advantages such as smoothness, weatherability, and chemical resistance. It is also used in producing high-performance materials like polymethyl methacrylate (PMMA) and polymethyl acrylate (PMA) for various applications.
Further, with the increasing popularity of e-commerce platforms, the logistics and transportation of acrylic powder have become more streamlined, making it easily accessible to manufacturers worldwide. The market for acrylic powder is expected to grow significantly due to its versatility and wide range of applications. Some of the key applications include nail maintenance, paints, coatings, adhesives, sealants, and various other high-performance materials. The future of acrylic powder looks bright as it continues to be a preferred choice for various industries due to its unique properties. In the fashion accessory and beauty sectors, GMA (glycidyl methacrylate) enhances color variety and durability in fingernails, eyeshadows, and blushes, while eco-friendly ingredients in paints and coatings cater to the construction sector's need for sustainable solutions.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.54% |
Market growth 2024-2028 |
USD 895.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.14 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 46% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akzo Nobel NV, Arkema SA, Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Berger Paints India Ltd, Brillux GmbH and Co. KG, Chemilac Paints Pvt Ltd, DIC Corp., Dow Inc., Jesons Industries Ltd, Jotun AS, KM Nail Manufacturer, Makevale Group, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Karnak Corp., and The Sherwin Williams Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.