PUBLISHER: SkyQuest | PRODUCT CODE: 1722320
PUBLISHER: SkyQuest | PRODUCT CODE: 1722320
Global Acrylic Powder Market size was valued at USD 1.36 Billion in 2023 and is poised to grow from USD 1.42 Billion in 2024 to USD 2.02 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
The global acrylic powder market is experiencing significant growth driven by heightened consumer demand for nail enhancement products, particularly among millennials and Gen Z. With a preference for durable, chip-resistant items suitable for both artistic nail designs and professional manicures, consumers are increasingly drawn to DIY nail kits fueled by social media influencers. The rise of the middle class and Western beauty trends in the Asia-Pacific region, including China, South Korea, and India, also contribute to this demand surge. Innovative, customizable products like tailored and color-changing powders appeal to trend-conscious consumers. E-commerce is vital for reaching a broader audience, especially for emerging brands. Regulatory pressures are ushering in sustainable reformulations, while the beauty industry rebounds from the pandemic through hybrid service models combining salon visits with at-home solutions.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Acrylic Powder market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Acrylic Powder Market Segments Analysis
Global Acrylic Powder Market is segmented by Product Type, Application, End-Use, Distribution Channel and region. Based on Product Type, the market is segmented into Clear Acrylic Powder, Colored Acrylic Powder and Glitter Acrylic Powder. Based on Application, the market is segmented into Nail Art and Extensions, Powder Coatings, Consumer Goods and Furniture, Plastisol production, Textile printing inks and Others. Based on End-Use, the market is segmented into Beauty and Cosmetics Industry, Furniture Manufacturers, Automotive, Construction and Others. Based on Distribution Channel, the market is segmented into Direct Sales, Distributors and Wholesalers, Online Retailers and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Acrylic Powder Market
The Global Acrylic Powder market is significantly driven by the increasing popularity of professional nail salons, particularly in more developed regions. For instance, California has witnessed a substantial rise in licensed manicurists from 90,000 in 2015 to over 120,000 by 2023. Additionally, the Philippines saw a remarkable 35% growth in nail care certifications, with over 14,000 issued by TESDA in 2022 compared to 2018. This surge in training programs further enhances demand for acrylic powder. Furthermore, brands such as OPI and Young Nails are innovating products, while the influence of social media trends, which garnered over 10 billion views for #acrylicnails, serves to amplify market interest.
Restraints in the Global Acrylic Powder Market
The global acrylic powder market is hindered by its dependence on methyl methacrylate (MMA), a petrochemical susceptible to fluctuations in crude oil prices and disruptions in the supply chain. Between 2020 and 2023, Brent crude prices varied significantly, ranging from below USD 20 to above USD 130 per barrel, resulting in a direct correlation with MMA prices, which surged by 15 to 20% in early 2022. Additionally, over 50% of MMA production is concentrated in East Asia, making the market particularly vulnerable to any regional disturbances. The limited availability of bio-based MMA further exacerbates the supply risks within this sector.
Market Trends of the Global Acrylic Powder Market
The Global Acrylic Powder market is experiencing significant growth driven by increasing demand in the cosmetics and nail care sectors, particularly with the rising popularity of acrylic nails among consumers. Additionally, the expanding application of acrylic powders in various industries, including construction and automotive for lightweight and durable materials, is propelling market expansion. Sustainability trends are also influencing manufacturers to develop eco-friendly acrylic powders, catering to environmentally conscious consumers. Moreover, technological advancements in product formulation are enhancing the performance and versatility of acrylic powders. As these trends converge, they present lucrative opportunities for companies to enhance revenue streams and market presence globally.