Northern America: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Northern America

The North American market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021, with an increase of 25% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Northern America

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 18%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports in Northern America

In 2021, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States represented the largest exporter of acrylic polymers, in primary forms (excluding polymethyl methacrylate) in Northern America, with the volume of exports amounting to X tons, which was near 86% of total exports in 2021. It was distantly followed by Canada (X tons), committing a 14% share of total exports.

Exports from the United States decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, Canada (+2.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.0% from 2012-2021. From 2012 to 2021, the share of Canada increased by +3.1 percentage points.

In value terms, the United States ($X) remains the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier in Northern America, comprising 89% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.8%).

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports in Northern America

In 2021, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) in Northern America soared to X tons, increasing by 17% against the year before. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 23%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) represented the major importer of acrylic polymers, in primary forms (excluding polymethyl methacrylate), constituting 62% of total imports. It was distantly followed by Canada (X tons), constituting a 38% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of +7.8%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2021.

The United States, with a CAGR of +5.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.9%).

Source: IndexBox Platform