Acrylic Powder Market Scope and overview, Segments Analysis and Opportunities 2031

Acrylic Powder Market Introduction

Acrylic powder is a combination of polymer and liquid monomer. Various kinds of polymers such as poly(methyl methacrylate) (PMMA), poly(ethyl methacrylate) (PEMA), and poly-HEMA are used as base products to manufacture acrylic powders. The main ingredient used in acrylic nail powder is poly(ethyl methacrylate), which is a combination of two different monomers - ethyl methacrylate (EMA) and methyl methacrylate (MMA). It also contains benzophenone-1 to keep the powder from discoloring when exposed to ultraviolet light. Acrylic powder uses in cosmetics and automotive industries can be ascribed to their outstanding smoothness, excellent weatherability, and good chemical resistance.

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Acrylic Powder Market Outlook 2031

The global acrylic powder market was valued at US$ 48.3 Bn in 2021

It is estimated to rise at a CAGR of 6.6% from 2022 to 2031

The global acrylic powder market is expected to reach US$ 92.1 Bn by the end of 2031

Analysis of Key Players in Global Acrylic Powder Market

The global acrylic powder market is consolidated, with both large-scale as well as small-scale vendors controlling the overall share. Expansion of product portfolios and mergers and acquisitions are notable strategies adopted by key players. BASF SE, Arkema, Akzo Nobel, DIC Corporation, Mitsubishi Chemical Holdings Corporation, and PPG are some of the key players operating in the market.

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Increase in Focus on Esthetic Appeal Augmenting Demand for Acrylic Powders

Key drivers of acrylic powder market include increase in focus on esthetic appeal and surge in demand for acrylic powders for protective coating of automotive body parts. Nail grooming plays a major role in maintaining esthetic appeal. Consumers across the globe are shifting their focus on the latest fashionable products to achieve trendy looks. Artificial nails are fake nails placed over natural ones and are used as a fashion accessory. These help to lengthen short nails, making fingers look longer and slender. Artificial nails can be trimmed, filed, and painted. They resemble natural nails when painted with the right glue and colors.

Acrylic nails offer several benefits, as they are much more attractive than natural nails. They offer uniformity in length and shape and also provide various options for decorations. Acrylic artificial nails are highly durable, resistant, and prevent natural nails from cracking. The process of applying and drying artificial nails is also not lengthy, which makes them the perfect choice for working women.

Acrylic powder is also an excellent thermoplastic for artificial nail resin, as it provides outstanding strength, stiffness, optical clarity, and scratch resistance, thereby providing a long life to nails. The maintenance time is between 15 to 20 days, which makes acrylic powders cost-effective in comparison to nail polishes. These features boost the demand for nail grooming among the population. Thus, increase in focus on esthetic appeal is expected to fuel the global acrylic powder market size.

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Surge in Demand for Acrylic Powders for Protective Coating of Automotive Body Parts

Acrylic powder coating is a viable substitute for liquid painting. In luxury cars, acrylic powders and liquids are majorly used in the engine compartment to protect from corrosion and to boost the esthetic appeal of cars. In 2021, the global market for luxury cars stood at around US$ 560 Bn, with over 9% year-on-year growth. Acrylic powder coatings are utilized to coat chassis and engine parts in luxury cars. The coatings also protect wheels from corrosion. Such advantages boost the demand for acrylic powders in the automotive sector.

Most acrylic powder coatings used currently are referred to as GMA acrylics, owing to the incorporation of GMA (glycidyl methacrylate) monomer in the polymer backbone. GMA acrylics are almost universally used as clear coats. Major characteristics of GMA coats include outstanding smoothness, good chemical resistance, optical clarity, and water white color.

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