The Global Extruded Acrylic Market Growth at a rate of 3.8% in the forecast period 2022 to 2029
Market Analysis and Insights - Global 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.
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The Global Extruded Acrylic 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.
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On the basis of type, the extruded acrylic market is segmented into sheet, pipe and tube, rod and others.
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On the basis of distribution channel, the extruded acrylic market is e-commerce, b2b sales, brick and mortar store and others.
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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.
Global 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 the extruded acrylic market.
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Key Players Global 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.
Global Extruded Acrylic Market Report Answers the Following Questions:
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How much revenue will the Global Extruded Acrylic Market generate by the end of the forecast period?
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Which market segment is expected to have the maximum market share?
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What are the influencing factors and their impact on the Global Extruded Acrylic Market ?
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Which regions are currently contributing the maximum share of the overall Global Extruded Acrylic Market ?
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What indicators are likely to stimulate the Global Extruded Acrylic Market ?
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What are the main strategies of the major players in the Global Extruded Acrylic Market to expand their geographic presence?
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