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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%. In 2017, the US held the largest market share, projecting an annual revenue of USD 534.39 million. The report offers extensive research analysis on the Acrylic Powder Market, with a categorization based on End-user, including cosmetics, inks, automotive, plastics, and others. It further segments the market by Application, encompassing fingernail, plastisol production, textile printing inks, and others. Additionally, the report provides geographical segmentation, covering APAC, North America, Europe, South America, and Middle East and Africa.. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD million) for all the mentioned segments.
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Growing emphasis on aesthetic appeal is a key factor boosting the market growth. The global acrylic powder market is thriving due to the rising importance of aesthetic appeal. Consumers worldwide are focusing on maintaining well-groomed nails to achieve trendy looks. Artificial nails, like acrylic nails, serve as fashionable accessories and help lengthen and enhance the appearance of natural nails. They offer benefits such as consistent length and shape, versatile decoration options, and added strength to prevent natural nail breakage.
Acrylic nails are quick to apply and highly durable, with acrylic powder being a key component known for its strength, clarity, and scratch resistance. These attributes, along with a maintenance period of 10 to 15 days, make acrylic powders a cost-effective choice compared to nail polishes, driving increased demand for nail grooming. In summary, the growing emphasis on aesthetic appeal is a major driver for the global acrylic powder market's growth.
Cosmetics Segment Dominates the Acrylic Powder Market
The cosmetic segment shows a gradual increase in the market share of USD 1,129.65 million in 2017 and continue to grow by 2021. The cosmetics industry is a prominent end-user segment in the global acrylic powder 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. Acrylic powder also contributes to the longevity of foundations, providing long-lasting wear and improved durability. Such trending factors are boosting the market growth.
Acrylic Powder Market - Revenue Share by Cosmetics Segment, 2017-2027
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APAC Holds a Prominent Position in the Acrylic Powder 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 of the acrylic powder market 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 the growth of the acrylic powder market 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.
Acrylic Powder Market Size, By Region, Global, 2017-2027
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The Acrylic Powder 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 of the market and information about 15 market 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.
The acrylic powder market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
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Acrylic Powder Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2022 |
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Historic period |
2017 - 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.35% |
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Market growth 2023-2027 |
USD 820.67 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.97 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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Market dynamics |
Parent market analysis, 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 forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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