The report covers forecast and analysis for the acrylic sheet market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on volume (Kilotons) and revenue (USD Billion). The study includes drivers and restraints for the acrylic sheet market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the acrylic sheet market on a global as well as regional level.
As per the report, the global demand for acrylic sheet market was valued at approximately USD 5.01 billion in 2018 and is expected to generate revenue of around USD 7.15 billion by end of 2025, growing at a CAGR of around 5.2% between 2019 and 2025.
Acrylic is a plastic made up of two or more derivatives of polymethyl methacrylate acrylic or acrylic acid. Due to its versatile properties like strength, weather ability, clarity, and flexible functions acrylic’s are widely used in industries like automotive, electronics, construction, and medical. Acrylic sheet can be translucent opaque, colored, transparent with varying level of heat resistant, light transmission, etc. Numerous coatings can be applied on an acrylic sheet to resist the heat, scratch, solar reflectivity, and glare reduction. Various types of acrylic sheets are available in the market according to the consumer’s demand such as various level of heat resistance capacity, release capacity, and flow rates.
The rising application of acrylic sheets in the construction industry is expected to be one of the major factors driving the growth of this market. Moreover, at present, the acrylic sheet is widely used for the purpose of furniture & interior as well as in the automotive and medical industries. Furthermore, infrastructure development in emerging economies is expected to boost the market in the near future. With high heat, the easy molding property of the acrylic sheet can mold it to any necessary form. Therefore, this factor is projected to fuel the demand for acrylic sheets, thereby, propelling market growth. Europe has witnessed a growing use of noise and vibration control material in automobiles as well as an increasing volume of automobile production. This is likely to enhance the consumption of acrylic sheet. But, the fluctuating prices of raw material used to produce acrylic sheet may hinder the market growth in the future. However, the booming application of acrylic sheet in the automotive industry is estimated to offer new growth opportunities to the market.
The global acrylic sheet market is segmented on the basis of type and application. The type segment includes an extruded acrylic sheet and cast acrylic sheet. The cast acrylic sheet segment dominated the market in 2018 and is expected to maintain its dominance over the forecast period. However, the extruded acrylic sheet segment is projected to grow at the highest CAGR during the upcoming years. Based on application, the market is segmented into architecture & constructions, furniture & design, visual communication & retail, automotive & transport, electronics & energy, sanitary, medical, and others. In 2018, architecture & constructions accounted for the significant market share and automotive & transport segment is expected to grow at the fastest pace during the forecast period.
The Asia Pacific is the dominating regional market of the global acrylic sheet market and is expected to maintain its dominance in the forecast period as well. The construction industry has the largest share in the Asia Pacific region, resulting in an augmented acrylic sheet demand.
Some of the key players operating in the global acrylic sheet market include Mitsubishi Rayon, Evonik, Polycasa, Taixing Donchamp, Unigel Group, Plaskolite, Shen Chuen Acrylic, Raychung Acrylic, Guang Shun Plastic, Elastin, Altuglas Arkema, and GARY Acrylic Xishun among others. The key players of the acrylic sheet market are primarily focusing on product innovation and expansion. For instance, Altuglas International has recently launched acrylic sheets new range under the brand name, Altuglas Metallic & Iridescent.
- Extruded Acrylic Sheet
- Continuous Cast Acrylic Sheet
- Cell Cast Acrylic Sheet
- Architecture & Constructions
- Furniture & Design
- Automotive & Transport
- Visual Communication & Retail
- Electronics & Energy
- North America
- Asia Pacific
- Latin America
- Middle East and Africa