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The acrylic rods and tubes market size is estimated to grow at a CAGR of 5.39% between 2022 and 2027 and the size of the market is forecast to increase by USD 367.83 million. The growth of the market depends on several factors, such as advancements in technology, growing usage of sustainable and eco-friendly materials, and the rise in the construction industry.
This acrylic rods and tubes market report extensively covers market segmentation by type (extruded and cast), application (signage, point of sale displays, model making, and others), and geography (APAC, Europe, North America, Southern Europe, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Acrylic Rods and Tubes Market Customer Landscape
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The advancements in technologies are the key factors driving the global acrylic rods and tubes market growth. The development of sophisticated processing methods is one of the most significant technological developments. These methods enable producers to create acrylic rods and tubes with improved mechanical and thermal characteristics, higher purity, and higher precision. For instance, the strength and durability of acrylic rods and tubes have been significantly improved through the use of extrusion techniques, making them perfect for use in a variety of industrial applications.
Furthermore, based on the unique needs of the end users, manufacturers can create custom acrylic rods and tubes in a variety of sizes and shapes by using 3D printing technology. Additionally, this technology has made it possible to manufacture intricately shaped acrylic rods and tubes, which was not feasible using conventional manufacturing processes. Therefore, such factors will drive the growth of the global market during the forecast period.
The increasing demand for customized products will fuel the global acrylic rods and tubes market growth. Customization enables businesses to produce goods that specifically cater to the needs of their clients. This helps manufacturers to make their products more attractive and competitive in the market. The market is expanding as a result of the rising demand for customized goods, which gives manufacturers the chance to provide distinctive and individualized services to their clients.
The market is expanding as a result of the rising demand for distinctive and personalized retail displays, signage, and marketing materials. Businesses and retail outlets are increasingly searching for distinctive and attention-grabbing displays and signs to draw in customers. Furthermore, customers can now order personalized acrylic rods and tubes more easily due to the growth of e-commerce and online marketplaces. Customers can easily select the precise size, color, and shape of the acrylic rods and tubes they require by ordering customized products online, eliminating the need for difficult and time-consuming ordering procedures. Thus, such factors are expected to foster the growth of the global market during the forecast period.
The availability of substitutes is a major challenge impeding the market growth. Several substances, including polycarbonate, polyvinyl chloride (PVC), and polyethylene terephthalate glycol (PETG), can be used in place of acrylic. These alternatives often cost less than acrylic, which is one of their main benefits. Additionally, some of these materials have qualities like high impact resistance, UV resistance, and fire resistance that are comparable to or better than those of acrylic. As a result, customers may decide to use these alternatives rather than acrylic to reduce costs or satisfy performance needs.
Furthermore, the availability of alternatives may also increase market competition, which may result in decreased prices and profit margins for producers of acrylic rods and tubes. Hence, due to this factor, it may be challenging for businesses to invest in R&D or maintain high standards, which will have an additional negative effect on the market's expansion. Thus, such factors can impact the growth of the global market during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ACME Plastics - The key offerings of the company include acrylic rods and tubes such as cast clear tubes, cast color tubes, and extruded tubes.
Acrilex Inc. - The key offerings of the company include acrylic rods and tubes under the brands Acrylite, Plexiglas, and Lucite.
We also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including:
The report offers clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.
The extruded segment will contribute a major share of the market, as it includes products that are manufactured through the extrusion process. The segment showed a gradual increase in market share with USD 657.92 million in 2017 and continued to grow by 2021. Melting acrylic resin pellets and extruding them through a die to create a continuous profile is how extruded acrylic rods and tubes are made. A product with a consistent thickness, diameter, and length is produced using this process. Products made of extruded acrylic can be produced in a wide range of sizes and shapes, including round, square, rectangular, and oval.
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The superior surface finish of extruded acrylic products is one of their main benefits. These products have an immaculate, glossy surface that is free of any blemishes or imperfections owing to the extrusion process. Extruded acrylic rods and tubes are therefore perfect for use in decorative applications like lighting, displays, and signage. Extruded acrylic rods and tubes are widely used in many different industries, including the automotive, building, aerospace, and healthcare sectors. They are employed, among other things, in the creation of windows, skylights, safety barriers, attractive trims, and medical devices. Therefore, owing to such factors, this segment holds the largest market share and will contribute toward the growth of the global market during the forecast period.
Due to their excellent clarity, transparency, and weather resistance, acrylic rods and tubes are frequently used in the manufacturing of signs. LED lights can be used to illuminate acrylic rods and tubes for signage, making them perfect for both indoor and outdoor applications. When it comes to signage, acrylic rods, and tubes are frequently used in channel letters, light boxes, and architectural signs. They are employed in the creation of billboards, illuminated logos, and shop signs, among other things. This segment, thus, holds the largest market share and will propel the growth of the global market. This growth will also be due to growing use of acrylic in the creation of logos, signs, and billboards during the forecast period.
APAC is estimated to contribute 68% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
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Due to advancements in the automotive, construction, and consumer goods industries, APAC became the world's largest market for acrylic rods and tubes in 2022. The regional market has benefited from rising consumer spending on architecture, interior design, and sanitary ware. The demand for acrylic rods and tubes will rise as a result of the use of digital signage and displays, as well as significant expenditures on marketing and advertising by the retail sector during the forecast period.
In APAC, the biggest markets for acrylic rods and tubes are China, Japan, Australia, and India. Due to their wide range of uses, including skylights, roofs, and facades, acrylic rods and tubes are in high demand in the construction sector. Additionally, the region's automotive industry is expanding, which has increased demand for acrylic rods and tubes for use in the lighting and decoration of automobiles. Similarly, RapidSpray, an Australian company, used acrylic tubes in 2021 to create its line of sight glasses for the chemical and petroleum industries.
The outbreak of COVID-19 in 2020 negatively impacted the growth of the market. However, in 2021, due to large-scale vaccination drives, the resumption of several business and industrial activities such as the production of vehicles and the resumption of construction projects led to an increase in the demand for acrylic rods and tubes. In addition, the increasing usage of acrylic in various industries, such as electronics, signage, and packaging, is expected to further drive the demand for acrylic rods and tubes and fuel the growth of the market during the forecast period.
The acrylic rods and tubes market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Acrylic Rods and Tubes Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.39% |
Market growth 2023-2027 |
USD 367.83 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.15 |
Regional analysis |
APAC, Europe, North America, Southern Europe, and Middle East and Africa |
Performing market contribution |
APAC at 68% |
Key countries |
US, Canada, China, Germany, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
A1 Acrylics Inc., ACME Plastics, Acrilex Inc., Acrylic Pty Ltd., Allplastics Engineering Pty. Ltd., Blanson Ltd., Canal Plastics Center Inc., Curbell Plastics Inc., Delvies Plastics, EMCO INDUSTRIAL PLASTICS INC., estreet plastics, Gevacril Srl, KF Plastics Pty Ltd., NCA Ltd., PM Plastics, PP Asbestos, Roctool SA, Roehm GmbH, Schweiter Technologies AG, Spartech LLC, Sun Acrylam Pvt. Ltd., UVPlastic Material Technology Co. Ltd., and WeProFab |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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