Acrylic Polymer Market Overview in Belgium
In value terms, acrylic polymer production reduced slightly to $ in 2019 estimated in export prices. Overall, production continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2014 to 2019, production growth remained at a somewhat lower figure.
The revenue of the acrylic polymer market in Belgium totaled $ in 2019, surging by % 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). Overall, consumption showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the immediate term.