Press release
Acrylic Powder Market Drives, Emerging Trends, Key Value And Forecast 2031
The global acrylic powder market was valued at USD 48.3 billion in 2021 and is expected to reach USD 92.1 billion by 2031, growing at a CAGR of 6.6%. Its increasing use in various industries, including cosmetics, construction, and paints & coatings, fuels this growth.
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Market Size and Growth:
The Asia Pacific region dominates the market, followed by North America and Europe. This trend is attributed to the rising disposable incomes and growing demand for beauty products in these regions. Additionally, the increasing application of acrylic powder in construction and infrastructure development in emerging economies like China and India is further propelling market expansion.
Market Segmentation:
By Service Type:
Bulk Acrylic Powder
Pre-mixed Acrylic Powder
By Sourcing Type:
Synthetic
Bio-based
By Application:
Cosmetics (Nail care, makeup)
Construction (Adhesives, sealants)
Paints & Coatings (Protective coatings, decorative finishes)
Pharmaceuticals (Drug delivery systems)
Others (Agriculture, water treatment)
By Industry Vertical:
Beauty & Personal Care
Construction
Paints & Coatings
Pharmaceuticals
Others
Regional Analysis:
Asia Pacific holds the largest market share due to its booming beauty industry and rapid infrastructural development.
North America and Europe exhibit steady growth driven by their established construction and paints & coatings industries.
Latin America and the Middle East & Africa show promising growth potential due to their rising disposable incomes and increasing urbanization.
Market Drivers and Challenges:
Drivers:
Growing demand for durable and aesthetic nail enhancements in the beauty industry.
Increasing use of acrylic powder in construction for its lightweight, weather-resistant properties.
Rising demand for environmentally friendly and sustainable acrylic powder alternatives.
Expanding applications in diverse industries like pharmaceuticals and water treatment.
Challenges:
Fluctuations in raw material prices.
Stringent environmental regulations on the production and disposal of acrylic powder.
Increasing competition from alternative materials like gel nail products.
Market Trends:
Growing popularity of bio-based and eco-friendly acrylic powders.
Increasing demand for customized and innovative acrylic powder products.
The rise of e-commerce platforms for the purchase of acrylic powder.
Adoption of automation and advanced technologies in acrylic powder production.
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Future Outlook:
The acrylic powder market is expected to witness continued growth over the next decade due to its versatility, increasing applications, and growing demand in emerging economies. Key players in the market are focusing on developing innovative and sustainable products to cater to evolving consumer preferences and regulatory requirements.
Key Market Study Points:
Identification of the key market segments and their growth potential.
Analysis of the competitive landscape and leading market players.
Assessment of the impact of market drivers and challenges.
Forecast of the future market size and growth trajectory.
Competitive Landscape:
The acrylic powder market is moderately competitive with a mix of global and regional players. Some of the key players include Arkema, BASF SE, Evonik Industries, Dow Chemical Company, Nippon Shokubai Co., Ltd., and AkzoNobel N.V.
Recent Developments:
Arkema introduced a new bio-based acrylic powder for the cosmetics industry.
BASF launched a new line of waterborne acrylic powders for paints & coatings applications.
Evonik Industries invested in expanding its acrylic powder production capacity in Asia.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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