Acrylic Powder Market: Global Share, Size, Growth, Trends & Outlook ( 2022 – 2032 )
Acrylic Powder Market
The acrylic powder market has grown significantly in recent years, driven by the increasing demand for artificial nails for both cosmetic and medical purposes. The market is expected to continue to grow in the coming years, driven by factors such as the growing popularity of nail art and the increasing availability of DIY nail kits. The worldwide acrylic powder market was valued at approximately $51.53 billion in 2022 and is projected to succeed in $98.56 billion by 2032, with a compound annual rate of growth (CAGR) of 6.7% during the forecast period (2023-2032). The major players in the acrylic powder market include Gelish/Hand & Nail Harmony, CND (Creative Nail Design), OPI Products, Young Nails, Kupa Inc, ASP (American Society of Podiatrists), LCN and IBD (International Beauty Distributor). These companies have a strong presence in the market and a wide range of product offerings.
Acrylic Powder Insights
Acrylic powder is prominently used to enhance the appearance of fingernails. It is made of a polymer powder and a monomer liquid, that are mixed together to shape a thick paste that may be molded into unique shapes. The powder can be modified to suit the user’s requirements. Benefits of acrylic dipping powder include excellent image clarity, excellent gloss retention, exceptional salt spray, excellent weathering and low temperature treatment acrylic powder is available in various colors, allowing for a wide range of nail art designs. It is also durable and long-lasting, making it a famous preference for individuals who need to have a polished search for an extended duration.
Acrylic Powder Market Key Driving Factors
The acrylic powder market is driven by several factors, including:
- Growing fashion consciousness among consumers: The increasing trend of favor and personal grooming is riding the demand for acrylic nails and different cosmetic products, which in turn is using the call for acrylic powder.
- Increasing disposable income: With rising disposable profits, consumers are capable of affording money for extra luxurious merchandise, such as acrylic nails. This is specifically actual in developing countries in which disposable earnings is growing, leading to extra call for for cosmetic merchandise.
- Rising popularity of artificial nails: Artificial nails, particularly acrylic nails, have become increasingly popular in recent years as they can be used to create various nail designs and are considered more durable than natural nails.
- Advances in technology: As technology improves, it has allowed for the development of new and more durable types of acrylic powder. For example, some companies are developing powders that are easier to apply and offer better adhesion. These new products are becoming an increasing number of popular inside the marketplace.
- Increasing demand in other industries: Acrylic powder is also used in other industries such as construction and dentistry, and as these industries grow, the demand for acrylic powder is also expected to increase.
- Wide range of product varieties and colors: The wide range of product varieties and colors of acrylic powder available in the market is also an important driver for the growth of the acrylic powder market, as it offers customers many options to choose from.
Acrylic Powder Market Key Trend & Development
Some of the new key trends and developments in the acrylic powder market include:
- Growing demand for organic and natural ingredients: There is an increasing trend towards using organic and natural ingredients in cosmetic products, including acrylic powders. This is driven by the developing awareness of environmental problems and the desire for extra sustainable and eco-friendly merchandise.
- New formulations for enhanced performance: Manufacturers are developing new formulations of acrylic powder that provide more advantageous performance, together with higher adhesion and durability. These new merchandises are designed to satisfy the growing demand for remarkable, lengthy-lasting nail enhancements.
- Increasing popularity of dip powder systems: Dip powder systems are a newer alternative to traditional acrylic powders, which offer a more convenient and less messy application process. This trend is driven by the desire for a simpler and easier-to-use nail enhancement method.
- Introduction of innovative colors and finishes: Manufacturers are introducing revolutionary colors and finishes of acrylic powders, such as holographic, chrome, and glitter finishes. This trend is pushed via the growing demand for unique and desirable nail designs.
- Increasing use in medical and dental applications: Acrylic powder is likewise utilized in clinical and dental applications, together with prosthetics and dental implants. The growing call for those packages is predicted to power the growth of the acrylic powder market inside the clinical and dental industries.
Acrylic Powder Market Segmentation
The Acrylic Powder Market can be segmented based on the following:
- By Type
- Clear acrylic powder
- Colored acrylic powder
- Glitter acrylic powder
- other specialty acrylic powders
- By End users
- Beauty salons
- Other commercial establishments
- By Application
- Plastisol Production
- Textile Printing Inks
- Specialty Coatings
- Dry Film Photo
- By Geography
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Argentina, Rest of Latin America)
- Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Acrylic Powder Market: Report Scope
Base Year Market Size
Forecast Year Market Size
Acrylic Powder Market Regional Synopsis
The North American market for acrylic powder is driven by the increasing popularity of artificial nails and other cosmetic products. By 2032, the market is predicted to be worth $30.49 billion, growing at a CAGR of 9.0% (2023-2032), with the USA serving as the region's largest market against an earlier estimation of worth $12.88 billion in 2022.
The European market for acrylic powder is driven by the growing fashion consciousness among consumers, particularly in countries such as France, Germany, and the United Kingdom. By 2032, the market is predicted to be worth $19.33 billion, growing at a CAGR of 6.5% (2023-2032) against an earlier estimation of worth $10.30 billion in 2022.
The Asia Pacific market is the largest market for acrylic powder, due to the large population and increasing disposable income in countries such as China and India. By 2032, the market is predicted to be worth $31.84 billion, growing at a CAGR of 7.5% (2023-2032) against an earlier estimation of worth $15.45 billion in 2022
Latin America market for acrylic powder is driven by growing demand for acrylic powder in various applications such as artificial nails, construction and dentistry. By 2032, the market is predicted to be worth $13.18 billion, growing at a CAGR of 5.5% (2023-2032) against an earlier estimation of worth $7.72 billion in 2022.
Middle East & Africa market for acrylic powder is driven by growing demand for acrylic powder in various applications such as artificial nails and dentistry. Increasing disposable income and growing awareness about personal grooming are driving the market. By 2032, the market is predicted to be worth $8.38 billion, growing at a CAGR of 5.0% (2023-2032) against an earlier estimation of worth $5.15 billion in 2022.
Acrylic Powder Market Challenges
Despite the growth prospects of the Acrylic Powder Market, several challenges could impact the development and commercialization of Acrylic Powder Market:
Health and environmental concerns: The use of acrylic powder in nail salons has raised concerns about health and environmental hazards. The chemicals used in acrylic powder can cause respiratory problems, skin irritations, and allergic reactions, which could pose health risks to nail technicians and customers. Additionally, the disposal of acrylic powder can also have negative impacts on the environment.
Competition from other nail enhancement products: While acrylic powder is a popular nail enhancement product, it faces competition from other products such as gel nails, dip powder, and nail wraps. These products are gaining popularity among consumers due to their ease of use and long-lasting effects.
Cost of products: Acrylic powder products can be costly, which can limit their accessibility to certain consumer segments. The high cost of acrylic powder products may deter some consumers from using them and opt for cheaper alternatives.
Availability of raw materials: The acrylic powder market relies heavily on the availability of raw materials such as acrylic monomers and polymers. Any disruptions in the supply chain of these materials could have negative impacts on the market.
Stringent Regulations: There are regulations in place in various countries regarding the use of acrylic powder in nail salons. These regulations could restrict the use of acrylic powder, affecting the growth of the market.
Acrylic Powder Market Key Players
- Mitsubishi Chemical Holdings Corporation
- DIC Corporation
- BASF SE
- The Sherwin-Williams Company
- Esschem Europe
- Cosmaire Co. Limited
- Hebei Yibang Building Material Co. Ltd.