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The acrylic powder market size is forecast to increase by USD 820.67 million between 2022 and 2027, accelerating at a CAGR of 5.35%. The market is witnessing significant growth, driven by several key factors. Firstly, there's a growing emphasis on aesthetic appeal across various industries, including automotive, construction, and consumer goods, leading to an increased demand for acrylic powders. Particularly in the automotive sector, there's a surge in the use of acrylic powders for protective coating on body parts, enhancing both appearance and durability. Additionally, rising disposable incomes and changing lifestyles are fueling the demand for acrylic powders as consumers seek high-quality finishes and durable coatings for their possessions. This trend is particularly notable in the home improvement and personal care sectors, where acrylic powders are used for applications such as furniture coatings and nail enhancements. With these driving forces at play, the acrylic powder market is expected to experience sustained growth as manufacturers innovate to meet the evolving needs of industries and consumers alike for aesthetic, durable, and high-performance coatings.
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This market report extensively covers market segmentation by End-user (cosmetics, inks, automotive, plastics, and others), Application (fingernail, plastisol production, textile printing inks, and others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
Cosmetics Segment Dominates the Market
The cosmetic segment shows a gradual increase in the market share of USD 1.13 billion in 2017 and continue to grow by 2021. The cosmetics industry is a prominent end-user segment in the global market. Acrylic powder is extensively used in the formulation of various cosmetic products, contributing to their performance and aesthetic appeal. One of the key applications of acrylic powder in cosmetics is in the production of foundations. Acrylic powder helps enhance the texture and consistency of foundation formulas, ensuring smooth and even application on the skin. It aids in the dispersion of pigments and other ingredients, resulting in a more uniform and natural-looking finish. They also contribute to the longevity of foundations, providing long-lasting wear and improved durability. Such trending factors are boosting the market growth.
Market - Revenue Share by Cosmetics Segment, 2017-2027
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APAC Holds a Prominent Position in the Market
APAC is estimated to contribute 45% 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 surge 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 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.
Market Size, By Region, Global, 2017-2027
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The Acrylic Powder Market extends its influence across various sectors, including cosmetics, automotive, inks, and plastics. This versatility underscores its significance in multiple industries. Within the Global Acrylic Powder Market, competitive dynamics are shaped by factors like competitive rivalry, threat of new entry, threat of substitution, supplier bargaining power, and buyer bargaining power. A thorough value chain analysis and pricing analysis provide insights into market dynamics.
Key players in this arena, such as Ace Matrix, Clariant, Creative Proteomics, and others, are subject to rigorous company profiles and SWOT analysis to identify strategic advantages. Companies like ALLIANCE PHARMA and Frontage Labs emphasize customer satisfaction, while Intertek Group, PerkinElmer, Bioneeds India, and others contribute diverse expertise. As market dynamics evolve, strategic alliances and mergers reshape industry landscapes, emphasizing the importance of innovation and agility.
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.
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 Value Chain Analysis, Pricing Analysis, and Company Profiles highlight significant trends in the market. One key trend reshaping the industry is the rapid expansion of the e-commerce sector and global trade. This surge is transforming the landscape of commerce, offering unprecedented growth opportunities for businesses and enhanced convenience for consumers worldwide. E-commerce's exponential growth, driven by technological advancements and evolving consumer preferences, is revolutionizing the shopping experience, and facilitating global access to products like nail supplies. Its convenience transcends traditional retail boundaries, enabling seamless global transactions. This surge in e-commerce activity is fueling international trade, particularly in sectors such as nail products. By facilitating global market entry and fostering competition, e-commerce drives innovation, ultimately enhancing product quality. This overarching trend propels the growth of the global acrylic powder market, capitalizing on the opportunities presented by e-commerce and global trade.
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.
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 Akzo Nobel NV, 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.
In terms of competitive dynamics, the market experiences significant Competitive Rivalry, with companies vying for market share. The Threat of New Entry is moderate, influenced by factors like entry barriers and existing brand loyalty. While there's a Threat of Substitution from alternative products, such as other types of coatings, the Supplier Bargaining Power is typically lower due to the availability of raw materials. Conversely, the Buyer Bargaining Power can vary based on the size and influence of customers. Value Chain Analysis and Pricing Analysis are crucial for understanding market dynamics, ensuring efficient operations, and setting competitive prices. Key players are Labcorp Drug Development and PI Industries, each with their unique strengths and weaknesses.
In the dynamic market, a multitude of players, including Ace Matrix, Clariant, Creative Proteomics, and others, engage in fierce competition. Through comprehensive company profiles and SWOT analysis, these entities strategize to capitalize on strengths and opportunities while mitigating weaknesses and threats. Ace Matrix may focus on innovation, Clariant on global reach, and Creative Proteomics on research prowess. Companies like ALLIANCE PHARMA and Frontage Labs prioritize customer service and satisfaction. Meanwhile, Intertek Group, PerkinElmer, Bioneeds India, Baroda Agro Chemicals, and JRF Global bring diverse strengths to the table. As the market evolves, strategic alliances and mergers reshape the competitive landscape, underscoring the importance of agility and innovation in sustaining market leadership.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 - 2027.
Acrylic Powder Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.35% |
Market growth 2023-2027 |
USD 820.67 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.97 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
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 Group, Asian Paints Ltd., Axalta Coating Systems LLC., BASF SE, 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. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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