Global Extruded Acrylic Market, By Type (Sheet, Pipe and Tube, Rod and Others), Distribution Channel (E-Commerce, B2B Sales, Brick and Mortar Store and Others), Application (Glazing Sheet, Signage Sheet, Furniture, Display and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Extruded Acrylic Market
Rising demand for acrylic sheets by the various end-user industries as a substitute of glass has led to the rise in the extruded acrylic market value. Data Bridge Market Research analyses that the extruded acrylic market will witness a CAGR of 3.8% for the forecast period of 2021-2028.
Acrylic polymers are a chemical reaction between a monomer and a catalyst. Extruded acrylic sheets are manufactured by a continuous process and are less expensive than glass or cast acrylics. These are thermoformable and possess excellent optical properties. Moreover, the extruded acrylic sheets are dimensionally stable and have limited thickness. Transparent extruded acrylic sheets are clearer than glass and even lighter in weight. The extruded acrylic sheets possess moisture resistance properties coupled with other properties such as UV resistance and flexibility. This means that extruded acrylic offers resistance to cold, heat, humidity and sunlight.
The rise in construction activities coupled with rapid urbanization and infrastructural development, especially in developing economies, propels the growth in demand for extruded acrylic. Rising industrialization and expansion of various end-user industries also bolstered the growth in the extruded acrylic market value. Extruded acrylic sheets offer a range of advantages and possess properties like resistance proof, anti-fogging, high strength, lightweight, clarity, among others. These significantly act as the major growth determinants for the extruded acrylic market globally. The extruded acrylic sheets also offer a range of advantages over glass materials. As a result, these are highly demanding and used by the end-user verticals.
Recycling extruded acrylic sheets is not easy as it is a non-biodegradable product. Recycling is a costly process. Thus, this, in turn, will hamper the growth of the extruded acrylic market. Fluctuations in the prices of raw materials will also challenge the growth of the extruded acrylic market. The availability of low-cost substitutes will further derail the rate of growth for the extruded acrylic market. The recent outbreak of coronavirus has also negatively impacted the production and supply of extruded acrylic sheets. Industrial shutdown as a result of the COVID-19 epidemic led to the shortage in supply.
This extruded acrylic market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on extruded acrylic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Extruded Acrylic Market Scope and Market Size
The extruded acrylic market is segmented on the basis of type, distribution channel and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the extruded acrylic market is segmented into sheet, pipe and tube, rod and others.
- On the basis of distribution channel, the extruded acrylic market is e-commerce, b2b sales, brick and mortar store and others.
- On the basis of application, the extruded acrylic market is segmented into glazing sheet, signage sheet, furniture, display and others.
Global Extruded Acrylic Market Country Level Analysis
The extruded acrylic market is analysed and market size, volume information is provided by country, type, distribution channel and application as referenced above.
The countries covered in the extruded acrylic market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific has dominated the extruded acrylic market and will continue to flourish its dominance during the forecast period. This is because the developing countries in the region are rapidly undergoing urbanization. The growth in construction activities has led to infrastructural development, which has led to the rise in demand for extruded acrylic. The region is also expected to register the highest growth rate for the forecast period due to major key players in the region.
The country section of the extruded acrylic market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Extruded Acrylic Market Share Analysis
The extruded acrylic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to extruded acrylic market.
The major players covered in the extruded acrylic market report are Evonik Industries AG, Mitsubishi Chemical Corporation., Arkema, PMMA, Plas-Tech Inc., Plaskolite., JuMei Acrylic, SHEN CHUEN ACRYLIC (NINGBO) CO., LTD., Ray Chung Acrylic Enterprise Co.,Ltd., Asia Poly Industrial Sdn Bhd., Elastin International Corp., 3A Composites GmbH, Perspex International, BASF SE, Piedmont Plastics, PT Astari Niagara Internasional., Artistech Surfaces LLC, MARGACIPTA WIRASENTOSA, LEI MEI ACRYLIC (DONGGUAN) COMPANY LIMITED and Preferred Plastics, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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