Acrylic Polymer Market Overview in the European Union
In value terms, acrylic polymer production totaled $6.3B in 2010 estimated in export prices. Overall, acrylic polymer production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when production volume increased by 6.3% year-to-year. In that year, acrylic polymer production reached its peak level of $6.5B. From 2009 to 2010, acrylic polymer production growth failed to regain its momentum.
Germany (1.1M tonnes) constituted the country with the largest volume of acrylic polymer production, accounting for 41% of total production. Moreover, acrylic polymer production in Germany exceeded the figures recorded by the region's second-largest producer, France (399K tonnes), threefold. Belgium (310K tonnes) ranked third in terms of total production with a 11% share.
From 2007 to 2010, the average annual growth rate of volume in Germany totaled +5.3%. In the other countries, the average annual rates were as follows: France (+20.0% per year) and Belgium (+4.9% per year).
The revenue of the acrylic polymer market in the European Union amounted to $4.3B in 2010, growing by 8.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, acrylic polymer consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by 8.8% year-to-year. In that year, the acrylic polymer market attained its peak level and is likely to continue its growth in the immediate term.
From 2007 to 2010, the most notable rate of growth in terms of acrylic polymer consumption, amongst the main consuming countries, was attained by France (+104.4% per year), while the other leaders experienced more modest paces of growth.
In value terms, the largest acrylic polymer markets in the European Union were Germany ($800M), Italy ($702M) and the UK ($492M), with a combined 47% share of the total market. Spain, Poland, France, Finland, the Netherlands, Austria, the Czech Republic, Belgium and Sweden lagged somewhat behind, together comprising a further 44%.
France (+90.5% per year) experienced the highest growth rate of acrylic polymer market, in terms of the main consuming countries over the last three years, while the other leaders experienced more modest paces of growth.
The countries with the highest levels of acrylic polymer per capita consumption in 2010 were Finland (13,746 kg per 1000 persons), Austria (8,582 kg per 1000 persons) and the Czech Republic (5,606 kg per 1000 persons).
From 2007 to 2010, the most notable rate of growth in terms of acrylic polymer per capita consumption, amongst the main consuming countries, was attained by France (+103.1% per year), while the other leaders experienced more modest paces of growth.