Acrylic Solid Surface Market Size, Share, Key Drivers, Growth and Opportunity Analysis
The acrylic solid surface market will grow at a rate of 3.55% for the forecast period of 2021 to 2028. Rise in the construction on a global-scale, both in the residential and commercial sectors is a vital factor driving the growth of acrylic solid surface market.
Acrylic solid surface is defined as a man-made material which is composed of alumina trihydrate (ATH), acrylic, epoxy or polyester resins and pigments. It is generally used in seamless countertop installations and can be heated and bent in three-dimensional shapes through a process known as thermoforming.
Increase in the use of aesthetically appealing designs with various colours and shapes to beautify homes is the vital factor escalating the market growth, also rise in the rapid urbanization in non-residential units such as corporate offices, public toilets, malls and shopping complexes, hospitals, and schools and rise in the industrialization in some parts of the world are the major factors among others driving the acrylic solid surface market. Moreover, rise in the research and development activities in the market and rise in the demand from emerging economies will further create new opportunities for the acrylic solid surface market in the forecast period of 2021- 2028.
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The major players covered in the acrylic solid surface market report are DuPont, LG HAUSYS, Hanwha Group, LOTTE Chemical CORPORATION, Durasein, ARISTECH SURFACES LLC, Wilsonart LLC, Guangzhou Gelandi New Material Co., Ltd, Guangdong Fusheng new materials, Kingkonree International China Surface Industrial Co., Ltd, SYSTEMPOOL and Umiya Carbon Private Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Acrylic Solid Surface Market Report:
The acrylic solid surface market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the acrylic solid surface market is segmented into casting molding solid surface and extrusion molding solid surface.
- The acrylic solid surface market is also segmented on the basis of application into commercial and residential.
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Acrylic Solid Surface Market Regional Analysis/Insights
The Acrylic Solid Surface market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Acrylic Solid Surface 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 market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Acrylic Solid Surface within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Acrylic Solid Surface market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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