Extruded sheets are the dominant product segment. It occupied over 51.39% of the global volume share in 2018 owing to robust demand for high-performance sheets in various industrial sectors. Excellent thickness tolerance of these sheets makes them ideal for applications where complex shapes are required. Additionally, extruded sheets also provide cost-efficiency since they are produced using economical techniques.
Increasing usage of acrylic beads as a texturing agent for thermoplastics or coatings is likely to prove conducive to future growth. The segment is expected to grow at the fastest CAGR of 9.2% from 2019 to 2025. These beads are also an ideal ingredient as binders in curable formulations, such as glues, resins, and composites. Increasing demand for aquariums and other structural panels is generating lucrative opportunities for pellets and cast acrylics.
Based on end-use, the market has been segmented into automotive, construction, electronics, and signs and display. The product is widely used in internally lighted signs for advertising and directions since it fosters excellent transmission of visible light. Telecommunication signs and displays and endoscopy applications are also utilizing fiber optics made from this material, owing to its property to retain a beam of reflected light within surfaces.
Post time: Mar-25-2021