The global extruded acrylic market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors for the market growth include increasing demand for infrastructure development as well as residential construction, growing penetration of the product in applications such as signage and sanitary ware and rising need for commercial construction in countries like Germany and France. However, volatility of raw material prices are hindering the market growth.
Global extruded acrylic market segmented on the basis of type, application and region.
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Building and Construction Dominate the Global Extruded Acrylic Market
Based on application, global extruded acrylic market segmented into light and signage, building and construction, automotive and transport and others. Building and Construction held considerable market share during forecast period. The growth of the construction industry, on account of increasing number of hotel construction projects, is expected to drive product demand. The superior properties of acrylic sheets, mainly as a replacement for glass panels, renders the product very useful for several functions in the architecture & construction industry. The increasing number of businesses across the globe is likely to assist construction of commercial buildings, thus expanding the market growth.
Europe Leads the Global Extruded Acrylic market
PBI’s global extruded acrylic market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Europe accounted for larger revenue share in global extruded acrylic market with considerable CAGR. The growth in this region is due to growth in automotive and construction industries in the region. Also, Germany is the major contributor for the growth of the market in this region owing to increasing use of the product in visual communication and retail applications such as display trays, casings, and POS.
Strategic Launched are the key strategies adopted by market players
Global extruded acrylic market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in May 2012, Evonik Cyro launched ACRYLITE Hi-Gloss Co-Extruded Acrylic Sheet. This enhances the product’s durability and prevents any scrapes, smudges or color damaging scratches. The new design process eliminates subsequent coating processes such as lamination and painting necessary when producing back-painted glass.
Key player’s profiles in the report are Altuglas (Arkema), Evonik, Guang Shun Plastic, Jiangxi Oulida, Jiushixing, Jumei, Mitsubishi Rayon, Plaskolite, Polycasa, Taixing Donchamp and Unigel Group.
Precision Business Insights (PBI) in its report titled “Global Extruded Acrylic Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Semitransparent Extruded Acrylic Sheet
o Colour Extruded Acrylic Sheet
o Transparent Extruded Acrylic Sheet
o Light and Signage
o Building and Construction
o Automotive and Transport
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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