Global Acrylic Processing Aid Market, By Polymer Type (Polyvinyl Chloride, Others), Fabrication Process (Extrusion, Injection Molding, Others), Application (Pipes and Fitting, Door and Window, Packaging and Films, Furniture, Footwear, Others), End-Use Industry (Building and Construction, Packaging, Consumer Goods, Automotive, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
There has been immense growth in the chemical industry from last few years. Additionally, the growing demand for acrylic processing aids in sectors like automotive, consumer products, building and construction, and packaging is the primary factor driving the market. These determinants are estimated to significantly accelerate the market expansion rate over the forecast period.
Global acrylic processing aid market was valued at USD 650.24 million in 2021 and is expected to reach USD 1142.54 million by 2029, registering a CAGR of 7.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Polymer Type (Polyvinyl Chloride, Others), Fabrication Process (Extrusion, Injection Molding, Others), Application (Pipes and Fitting, Door and Window, Packaging and Films, Furniture, Footwear, Others), End-Use Industry (Building and Construction, Packaging, Consumer Goods, Automotive, Others)
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Countries Covered
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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
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Market Players Covered
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Ashland (U.S.), Arkema (France), BASF SE (Germany), Kemira (Finland), The Lubrizol Corporation (U.S.), NIPPON SHOKUBAI CO. LTD (Japan), Dow (U.S.), Henan Qingshuiyuan Technology CO., Ltd., (China), Aurora Fine Chemicals (U.S.), Zouping Dongfang Chemical Co., Ltd. (China), ACURO ORGANICS LIMITED (U.S.), Maxwell Additives Pvt. Ltd (India), Chemtex Speciality Limited (India), Polysciences, Inc.(U.S.), PROTEX INTERNATIONAL (France), Evonik Industries AG (Germany)
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Market Opportunities
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Market Definition
Acrylic processing aid is usually used for the fusion and homogeneity of polyvinyl chloride. Because it offers quicker merging, increased production yield, greater melt flexibility and strength, less plate-out, improved surface shine and finishing, better thickness, and improved tensile strength, acrylic processing aid is employed by PVC makers.
Acrylic Processing Aid Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increasing Demand for Acrylic Processing Aid
Growing demand for affordable tools to assist in the production of plastic goods, rising product usage across a range of end-use applications, and the prevalence of affordable and flexible materials are some of the factors supporting the growth of the acrylic processing aid market over the forecast period. On the other hand, expanding applications from the automotive and construction sectors will further increase a number of favorable factors that will contribute to the expansion of the acrylic processing aid market over the time covered by the forecast period. The main purposes of acrylic processing assistance are to improve process ability, decrease the shark skin effect during extrusion, and boost plastic materials flow. In important end-use industries like packaging, building & construction, automotive, consumer products, and others, use of acrylic processing aid in plastics is gaining traction.
Furthermore, the comparing PVC to more traditional materials like metals, glass, paper, and ceramics, it has better mechanical, electrical, abrasion, chemical, and other qualities. It promotes quicker fusion, higher production output, improved melt strength and elasticity, decreased plate-out and melt texture, improved surface gloss and finishing, better thickness, and greater tensile strength, PVC manufacturers use acrylic as a processing aid during the fabrication process. Additionally, the expansion of the end-use industries is projected to bolster the market's growth.
Opportunities
- New Technologies and Investments
Furthermore, market players are further developing new technologies for polymerization and are also to produce better-quality plastics with enhanced features extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing investments and funding for the product will further expand the future growth of the acrylic processing aid market.
Restraints/Challenges
- Lack Of Funding
However, due to a lack of funding, small businesses rarely invest in research and development activities. This has a detrimental effect on the overall growth of acrylic processing aid in the area.
- Huge Repairing Costs
Additionally, the majority of the pipes and fittings are underground and therefore any malfunction or failure could result in much more expensive repairs, which will further challenge the acrylic processing aid market growth rate.
This acrylic processing aid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the acrylic processing aid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Acrylic Processing Aid Market
The recent outbreak of coronavirus had a negative impact on the acrylic processing aid market. The need for the acrylic processing aid used in the processing of plastics has decreased as a result of the decline in demand for plastics from end-use industries such as automotive, building & construction, consumer products, packaging, and so forth. Industries are projected to be fully operational by the end of 2020 after being opened up in Q3 2020 but with a small workforce.
The US Census Bureau reports that April's home projects were down 19% from the same month last year. Over that time, PVC consumption decreased by 25%. Due to a lack of funding, several projects have gone undone. With the aforementioned considerations, it is anticipated that the acrylic processing aid market would expand slowly in 2020 before reviving with positive development over the projected term. With the aforementioned considerations in mind, the market for acrylic processing aids is anticipated to expand negatively in 2020 before rebounding with positive growth throughout the course of the forecast period.
Recent Development
- In July 2020, A new process aid from Arkema called PLASTISTRENGTH® 562 NA is intended to assist PVC converters in striking a better balance between formulation cost and processing performance. This novel technology offers constant PVC fusion and filler integration, increased melt power, and effective processing in both rigid and semi-rigid extruded or calendared PVC products.
Global Acrylic Processing Aid Market Scope
The acrylic processing aid market is segmented on the basis of polymer type, fabrication process, application and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Polymer Type
- Polyvinyl Chloride
- Others
Fabrication Process
- Extrusion
- Injection Molding
- Others
Application
- Pipes and Fitting
- Door and Window
- Packaging and Films
- Furniture
- Footwear
- Others
End-Use Industry
- Building and Construction
- Packaging
- Consumer Goods
- Automotive
- Others
Acrylic Processing Aid Market Regional Analysis/Insights
The acrylic processing aid market is analyzed and market size insights and trends are provided by country, polymer type, fabrication process, application and end-use industry as referenced above.
The countries covered in the acrylic processing aid 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.
North America dominates the market in terms of market share and revenue, and this dominance is expected to continue during the forecast period of 2022-2029. The increasing automotive and packaging applications in the region are driving market growth in this region.
Asia-Pacific, on the other hand, is expected to grow rapidly over the forecast period of 2022-2029, owing to increased investment from various end-use industries as well as increased spending by the region's middle-class population.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Acrylic Processing Aid Market Share Analysis
The acrylic processing aid 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 acrylic processing aid market.
Some of the major players operating in the acrylic processing aid market are
- Ashland (U.S.)
- Arkema (France)
- BASF SE (Germany)
- Kemira (Finland)
- The Lubrizol Corporation (U.S.)
- NIPPON SHOKUBAI CO. LTD (Japan)
- Dow (U.S.)
- Henan Qingshuiyuan Technology CO., Ltd., (China)
- Aurora Fine Chemicals (U.S.)
- Zouping Dongfang Chemical Co., Ltd. (China)
- ACURO ORGANICS LIMITED (U.S.)
- Maxwell Additives Pvt. Ltd (India)
- Chemtex Speciality Limited (India)
- Polysciences, Inc. (U.S.)
- PROTEX INTERNATIONAL (France)
- Evonik Industries AG (Germany)
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