HOME Research Insight New Product Launch is the Key Strategy Adopted by the Leading Players in the Global Acrylic Processing Aid (APA) Market



New Product Launch is the Key Strategy Adopted by the Leading Players in the Global Acrylic Processing Aid (APA) Market


The global acrylic processing aid (APA) market size was USD 645.4 million in 2016, and is projected to reach USD 1,173.6 million by 2026, registering a CAGR of CAGR of 6.2% between 2016 and 2026. New product launches, agreements, and mergers & acquisitions are the strategies adopted by the key players to strengthen their foothold in the APA market. The maximum number of strategic developments were undertaken in Asia-Pacific, followed by North America and Europe between 2014 and 2016.

Key players operating in the APA market are LG Chem Ltd. (Korea), Kaneka Corporation (Japan), Arkema SA (France), The Dow Chemical Company (U.S.), and Mitsubishi Rayon Co., Ltd. (Japan), 3M Company (U.S.), BASF SE (Germany), Shandong Ruifeng Chemical Co. Ltd (China), Akdeniz Kimya A.S. (Turkey), and Shandong Rike Chemicals Co., Ltd. (China).

Kaneka Corporation (Japan) is one of the major APA manufacturers globally. The company has been focusing on agreements and mergers & acquisitions to maintain its foothold in the market. For instance, in June 2015, the company made an agreement with Blagden Specialty Chemicals (U.K.) to distribute its range of processing aids in the U.K. and Ireland market. Kane Ace processing aids of various grade helps in processing PVC and wide variety of engineering plastics.
Arkema SA is another major player in the APA market. The company has been focusing on new product launches as a part of its strategic development activities. In 2015, the company introduced P580, a new acrylic processing aid. This product has high molecular weight and helps to reduce the density without leading to the collapse of cell structure.

This report provides a detailed analysis of the APA market and segments of the same based on polymer type, fabrication process, end-use industry, and region. On the basis of polymer type, the market has been segmented into polyvinylchloride and others (PMMA, ABS, PC, and ABS). On the basis of fabrication process, the market has been segmented into extrusion, injection molding, and others (calendaring and thermoforming). The market is also segmented on the basis of end-use industry, namely, building & construction, packaging, automotive, consumer goods, and others (electrical & electronics, healthcare, and sports). On the basis of region, the market has been segmented into Asia-Pacific, Europe, North America, South America, and Middle East & Africa.

Related Reports:

Acrylic Processing Aid Market by Polymer Type (PVC), Fabrication Process (Extrusion, Injection Molding), End-Use Industry (Building & Construction, Packaging, Automotive, Consumer Goods) - Global Forecast to 2026

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