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Segmentation, Major Trends, and Competitive Overview of the Acrylic Powder Market
Acrylic Powder Market
Projected Growth and Market Size of the Acrylic Powder Industry
The acrylic powder market is forecasted to achieve substantial growth, reaching a value of $83.25 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 7.5% during the forecast period. Several factors fuel this expansion, including the growing popularity of at-home nail care, rising disposable incomes, the broadening use of specialty coatings, and ongoing innovation in acrylic formulations. Additionally, demand for aesthetically appealing finishes and durable, weather-resistant materials is contributing to the market's strength. Notable trends influencing this growth include the rising uptake of nail enhancement products, increasing application in specialty coatings, the surge in customized nail art, and greater industrial application of acrylic powders.
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Key Drivers Behind the Expansion of the Acrylic Powder Market
One of the main drivers of growth is the increasing consumer focus on nail enhancement products, which are becoming more popular due to changing beauty trends and self-care routines. The availability of innovative acrylic powder options tailored for professional and at-home use supports this demand.
Another crucial factor is the expanding role of acrylic powders in specialty coatings across various industries. These powders offer enhanced durability and weather resistance, making them attractive for automotive, architectural, and industrial applications. Innovation in acrylic formulations is also enabling new product capabilities, further stimulating market growth.
Prominent Players Influencing the Acrylic Powder Market Landscape
The acrylic powder market is dominated by several leading companies, including BASF SE, Dow Inc., LG Chem Ltd., Mitsubishi Chemical Corporation, and DIC Corporation. Other notable players are OPI Products LLC, Troy Corporation, Mia Secret Inc., Young Nails Inc., Glam and Glits Nail Design Inc., Tammy Taylor Nails Inc., Akzentz, and Star Nail International. Additional influential companies include EzFlow, Nailite Inc., Supernail, Kupa Inc., Modelones, Gelish, Kiara Sky, and Entity Beauty.
A significant strategic move occurred in February 2023 when Kansai Helios Coatings GmbH, based in Austria and specializing in industrial and architectural powder coatings, acquired CWS Lackfabrik GmbH. This acquisition strengthened Kansai Helios's technical expertise and product offerings in acrylic and powder coatings, while also expanding its manufacturing presence in Europe and gaining access to CWS's established customer base. CWS Lackfabrik GmbH, headquartered in Germany, focuses on manufacturing acrylic powder coatings and synthetic resins for industrial and architectural applications.
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Emerging Innovations and Upcoming Trends in Acrylic Powder
Leading companies in the acrylic powder market are focusing on developing nail art powders with enhanced features such as self-leveling formulas. These formulas ensure smoother application, reduce imperfections, and help in achieving professional-quality finishes with greater ease and precision.
For example, in August 2023, Legacy Nails Products, a US-based professional nail care brand known for innovative products, introduced a new magenta-colored acrylic nail powder collection. This vibrant range allows nail technicians to create striking magenta-themed nail art, catering to the rising demand for bold and customized nail designs.
Detailed Segmentation of the Acrylic Powder Market
This market is segmented into various categories for a comprehensive understanding:
1) By Type: Clear Acrylic Powder, Colored Acrylic Powder, Glitter Acrylic Powder, and Other Specialty Acrylic Powders.
2) By Application: Fingernail use, Specialty Coatings, and Other Applications.
3) By End Users: Beauty Salons, Households, and Other End Users.
Further subcategories include:
- Clear Acrylic Powder: Fast Setting, Medium Setting, Slow Setting.
- Colored Acrylic Powder: Pastel Colors, Bright Colors, Dark Colors.
- Glitter Acrylic Powder: Fine Glitter, Chunky Glitter.
- Other Specialty Acrylic Powders: UV Reactive Powder, Glow-in-the-Dark Powder, Thermal Color-Changing Powder.
This segmentation highlights the extensive variety of product types and applications catering to diverse consumer and industrial needs in the acrylic powder market.
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