Acrylic Processing Aid Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI1719
Acrylic Processing Aid Market size is expected to grow significantly owing to its cost effectiveness in manufacturing plastic products. Rapidly growing building and construction industry and rising product applications in several end use industries including, trim-board, containers, windows & doors, roofing, flooring and pipes will enhance the industry growth.
Acrylic processing aid market will rise with growth in end-use industries of PVC. Some of the PVC products including pipe fittings, bottles, profiles, fencing, sheets and foam sheets need acrylic processing aid to attain better flow during the process, intensifying production efficacy and producing excellent surface gloss which increases the overall output.
Growing consumer goods, packaging and automotive industries will provide positive outlook to acrylic processing aid market. However, huge investment required for research and development operations may restrict the acrylic processing aid market.
APA are elements accustomed with PVC molecules and generally have high molecular weight while, lubricants have low molecular weight. It helps in performing various functions which include lowering the melting temperature through fast combination of PVC mixes, enhancing the surface gloss of products & heat stability and maintaining the melt flow-ability. They are often confused with lubricants as bot enhance the fluidity of PVC products, they are also known as flow improvers. The product is utilized to upgrade PVC processing based on high molecular weight acrylate / methacrylate polymers, they are completely compatible with PVC and give high transparency. It enhances PVC combination and homogeneity. Elasticity and melt strength can be fully observed under proper selection of process.
Acrylic processing aid is manufactured using three types of fabrication process which includes extrusion, injection molding, filament winding and pultrusion. Among the classified fabrication processes, extrusion segment holds the largest market share and is estimated to grow significantly. It is a process of treating high volume of plastics, the raw materials are fed into the machine and are melted at very high temperature depending upon the nature of the plastic. However, strict regulations may restrain the future growth of this fabrication process.
Based on the polymer types, PVC is projected to be the largest acrylic processing aid market. It is widely used in automotive industry due to its flexibility, cost-effective process and providing safe and high quality of automobile components. It is less expensive as compared to other products and it reduces the overall weight of automobiles, thus fostering the industry growth.
APA is used in various end-user industries including, automotive, consumer goods, packaging and building & construction. Among them, building & construction industry is the fastest growing segment owing to high demand for flexible, strong, chemical and oil resistive products. Containers, windows & doors, pipes, roofing and floorings are the key products that widely uses APA.
North America is the most developed acrylic aid market and will remain the same during the forecasted years. Upsurge in demand for packaging and automotive industries will flourish the market demand. Europe is second largest acrylic processing aid market owing to high number of automotive and construction industries in the region. In addition, strict norms created by the government will help the acrylic processing aid market to propel with time in both the regions.
Asia Pacific region is projected to be the fastest growing region for acrylic processing aid market owing to huge investments in several industries including packaging, automotive, consumer goods and construction & building. Emerging economies are rapidly transforming in this region which will fuel the product growth. Also, rising spending capacity in middle class population in India and China will reinforce the market demand. The Middle East and Africa region for acrylic processing aid market is also expected to up surge owing to high infrastructural development in the region.
Global acrylic processing aid market competitive in nature. Several prominent leaders that dominates the market are DOW Chemical Company, BASF, 3M, Arkema, Akdeinz Kimya, LG Chem, Kaneka, Mitsubishi Rayon, Shangdong Rike Chemicals and Shangdong Ruifeng Chemical.
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