The global acrylic processing aid (APA) market was USD 645.4 Million in 2016, and is projected to reach USD 1,173.6 Million by 2026, registering a CAGR of 6.2% between 2016 and 2026. The increasing demand for APA based PVC in end-use applications drives the APA market.
The APA market is classified on the basis of polymer type into polyvinylchloride (PVC) and others. PVC dominated the APA market, in 2015 and is projected to be the largest polymer type segment between 2016 and 2026. It provides flexibility which is helpful in making modern automobiles cost-effective, safe, and of high quality. It helps in reducing the weight of vehicles by the lightness of its components in comparison to other materials. PVC is also less expensive as compared to other plastics.
The APA market is classified on the basis of fabrication into extrusion, injection molding, and others. Extrusion is expected to be the fastest-growing fabrication process segment of the APA market between 2016 and 2026. Extrusion is used to process high volume of plastics. The pellets, granules, flakes, or powders are fed into the extrusion machine and melted under high temperature (depending upon the type of plastic to be extruded).
The APA market is segmented on the basis of end-use industry into building & construction, packaging, consumer goods, automotive, and others. The building & construction industry is expected to be the largest and fastest-growing end-use industry for APA between 2016 and 2026. The demand for APA in this industry is expected to increase mainly due to the increasing demand for strong, flexible, chemical & oil resistive, and cost-effective building & construction products such as, pipes, flooring, roofing, windows & doors, containers, trimboard, and others.
The APA market is segmented on the basis of region into Asia-Pacific, Europe, North America, Middle East & Africa, and South America. Currently, Asia-Pacific is the largest market for APA. Asia-Pacific is also projected to be the fastest-growing market between 2016 and 2026. This growth is attributed to the rising demand for plastics of APA in this region.
- 3M Company
- Akdeniz Kimya A.S.
- Arkema SA
- Basf SE
- Kaneka Corporation
- LG Chem Ltd.
- Mitsubishi Rayon Co., Ltd.
- Shandong Rike Chemicals Co., Ltd.
- Shandong Ruifeng Chemical Co. Ltd.
- The Dow Chemical Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 APA Market, by Polymer Type
8 APA Market, by Fabrication Process
9 APA Market, by End-Use Industry
10 APA Market, by Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/ht9pv9/acrylic
Laura Wood, Senior Manager
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SOURCE Research and Markets