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Home ➤ Chemicals & Materials ➤ Advanced Materials ➤ Acrylic Sheets Market
Acrylic Sheets Market
Acrylic Sheets Market
Published date: Sep 2023 • Formats:
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  • Home ➤ Chemicals & Materials ➤ Advanced Materials ➤ Acrylic Sheets Market

Global Acrylic Sheets Market By Type (Extruded Acrylic Sheets and Cast Acrylic Sheets), By Product Type (UV Transmitting and UV Resistant), By Applications (Construction & Architecture, Automotive, Electronics & Electrical, Signage And Displays, Healthcare, Aerospace & Defense, Furniture And Interiors), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

  • Published date: Sep 2023
  • Report ID: 22832
  • Number of Pages: 323
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Free Sample
  • Quick Navigation

    • Report Overview
    • Key Takeaways
    • By Type Analysis
    • Product Type Analysis
    • Applications Analysis
    • Key Market Segments
    • Driving Factors
    • Restraining Factors
    • Growth Opportunities
    • Trending Factors
    • Regional Analysis
    • Key Players Analysis
    • Report Scope:

    Report Overview

    The global Acrylic Sheets market is valued at USD 4,386.6 Million in 2022 and is expected to reach USD 8,390.2 Million in 2032. It is expected to grow at a CAGR of 6.7% between 2023 and 2032.

    Acrylic sheets, commonly known as acrylic glass or plexiglass, are versatile thermoplastic panels made of polymethyl methacrylate (PMMA). These lightweight yet highly durable sheets offer great transparency, UV resistance, and wearability – making them a suitable alternative to traditional glass in various applications. Acrylic sheets come in various thicknesses, colors, and finishes to meet different needs and applications.

    Acrylic sheets are widely used in construction, automotive, retail advertising, art, and design due to their transparency, impact resistance, and insulating properties. They are commonly used for windows, skylights, canopies, windshields, interior components, signage displays, point-of-sale materials, sculptures, lighting fixtures, and decorative features.

    The global acrylic sheets market is expanding due to increasing demand for lightweight, shatterproof materials in automotive and construction and the growth of the retail and advertising industry. The demand for eye-catching, long-lasting displays and signage is driven by e-commerce, while advances in manufacturing processes make acrylic sheets more affordable. Their wide range of applications, durability, versatility, and cost-effectiveness further boost the market’s growth.

    Acrylic Sheets Market

    Key Takeaways

    • The global Acrylic Sheets market is valued at USD 4,386.6 Million in 2022.
    • By Type, the Cast Acrylic Sheets segment dominated the market with a market share of 4% in 2022.
    • By Product Type, the UV-resistant Acrylic Sheets segment dominated the market with a major market share in 2022.
    • The Applications, Construction, and architecture segment led the market in 2022 with a market share of 35.4%.
    • In 2022, the APAC region will be the dominant region in the global Acrylic Sheets market, with a market share of 34.2% of global revenue.
    • Increased Demand in Construction and Architecture Drives The Growth of The Market

    By Type Analysis

    By type, the global acrylic sheets market is divided into extruded and cast acrylic sheets. Among these, the cast acrylic sheets segment dominates the market with a market share of 66.4% in 2022, and it is predicted to register a CAGR of 7.2% in the forecasted period. The dominance of cast acrylic sheets in the global market is attributed to their superior optical clarity and surface finish.

    The casting process allows for a smoother, more pristine surface, making them ideal for applications where visual aesthetics are crucial, such as high-end signage, displays, and architectural glazing. This quality advantage over extruded acrylic sheets positions them as the preferred choice for applications where optical properties are paramount.

    Furthermore, the market dominance of cast acrylic sheets is reinforced by their availability in a wide range of thicknesses, colors, and finishes, catering to diverse industry needs. While extruded acrylic sheets have their merits, such as cost-effectiveness and high-volume production, the specific advantages of cast acrylic sheets in terms of optical clarity, durability, and versatility have solidified their dominance in the market.

    Product Type Analysis

    The global acrylic sheets market is divided into UV transmitting and UV resistant by product type. Among these, the UV-resistant acrylic sheet segment led the market with a major share. UV-resistant acrylic sheets protect against harmful ultraviolet radiation, making them ideal for outdoor and high-exposure applications.

    They are commonly used in construction, automotive, and signage, where prolonged exposure to sunlight can cause material degradation and loss of clarity. This inherent UV resistance extends the lifespan of acrylic sheets, reducing maintenance costs and ensuring long-term durability.

    Applications Analysis

    The global acrylic sheets market is further segmented based on applications into construction & architecture, automotive, electronics & electrical, signage and displays, healthcare, aerospace & defense, furniture & interiors, and other applications. Among these, the construction & architecture segment dominates the market.

    In 2022 construction & architecture accounted for 35.4% of the market share. Acrylic sheets offer a unique combination of properties that are highly advantageous for construction and architectural applications. Their exceptional transparency allows natural light to pass through while providing insulation against UV radiation and inclement weather.

    These qualities make acrylic sheets ideal for windows, skylights, and canopies in residential and commercial buildings. Additionally, their impact resistance ensures safety and durability in high-traffic areas.

    The automotive segment has emerged as the fastest-growing segment in the global acrylic sheets market due to lighter weight, superior impact resistance, and increased focus on safety and durability. Automotive manufacturers are replacing traditional glass with acrylic sheets, improving fuel efficiency and vehicle performance.

    Acrylic sheets are also used in side windows, windshields, and headlamp covers, highlighting the industry’s growing demand for these materials.

    Acrylic Sheets Market Share

    Key Market Segments

    Based on Type

    • Extruded Acrylic Sheets
    • Cast Acrylic Sheets

    Based on Product Type

    • UV Transmitting
    • UV Resistant

    Based on Application

    • Construction & Architecture
    • Automotive
    • Electronics & Electrical
    • Signage and Displays
    • Healthcare
    • Aerospace & Defense
    • Furniture & Interiors
    • Other Applications

    Driving Factors

    Increased Demand in Construction and Architecture Drives The Growth of The Market

    One major driver for the global acrylic sheets market is the growing demand for these sheets in the construction and architectural sectors. Acrylic sheets are valued for their optical clarity, lightweight nature, and impact resistance, making them a preferred choice for applications like windows, skylights, and canopies.

    The expansion of the construction industry, driven by urbanization and infrastructure development, is boosting the demand for acrylic sheets. Moreover, architects and designers increasingly incorporate acrylic sheets into modern designs for aesthetic appeal and functionality.

    Surging Demand from Automotive Industry

    Another significant driver is the rising popularity of acrylic sheets in the automotive industry. With a focus on reducing vehicle weight for improved fuel efficiency, manufacturers are turning to lightweight materials like acrylic sheets for windshields, sunroofs, and interior components.

    These sheets offer the advantage of being shatter-resistant, a critical safety feature, while also contributing to fuel economy. As consumers become more conscious of environmental concerns and fuel efficiency, the demand for acrylic sheets in automotive applications continues to grow.

    Restraining Factors

    Fluctuating Raw Material Prices

    The acrylic sheets industry faces significant challenges due to the volatility in raw material prices, particularly the polymethyl methacrylate (PMMA) resin price. These fluctuations are influenced by factors like crude oil and natural gas prices, key feedstocks in its production.

    These fluctuations can impact production costs, making it difficult for manufacturers to maintain stable pricing, affect profit margins, and hinder long-term strategic planning in the acrylic sheets sector.

    Competitive Pressure from Substitutes

    The acrylic sheets market faces competition from alternative materials like polycarbonate, glass, and plastics, each with advantages and disadvantages. Their suitability depends on specific application requirements, such as price, durability, and optical properties. Manufacturers and consumers often consider these alternatives when acrylic sheets don’t meet their specific needs.

    Growth Opportunities

    Expanding Applications in the Healthcare Sector

    The acrylic sheets market is experiencing growth in the healthcare sector due to their high optical clarity, durability, and ease of fabrication. They are used in medical equipment, protective barriers, signage, and laboratory apparatus. The COVID-19 pandemic has accelerated demand for acrylic sheets, particularly for protective barriers and partitions in healthcare settings.

    As healthcare infrastructure expands globally, companies can tap into this lucrative market opportunity by tailoring their products to meet the sector’s specific requirements, including antimicrobial coatings and easy sterilization properties.

    Emergence of Innovative Architectural and Design Applications

    The architectural and design industry embraces using acrylic sheets for innovative structures, interior designs, and signage. Acrylic sheets are used for architectural façades and interior partitions in commercial buildings, hotels, and retail spaces.

    Their versatility, transparency, and color options allow for creative expression. They are lightweight and durable, ideal for modern, sustainable building designs. As designers continue to explore new possibilities, the demand for acrylic sheets is expected to rise.

    Trending Factors

    Advancements in High-Performance Acrylic Sheets

    The acrylic sheets market is experiencing a surge in high-performance sheets with UV resistance, impact resistance, and optical clarity, driven by industries like automotive, aerospace, and construction. These sheets are essential for increased durability and performance, and manufacturers are continuously researching and developing these sheets to meet stringent requirements across various industries.

    Customization and Personalization

    The global acrylic sheets market is experiencing a surge in customization and personalization, driven by customers’ individual needs and preferences. Manufacturers offer various customization options, including color, thickness, texture, and size.

    This trend is particularly evident in interior design and architectural sectors, where acrylic sheets are used decoratively and functionally, allowing businesses and consumers to create distinctive designs.

    Geopolitics and Recession Impact Analysis

    The global acrylic sheets market is significantly influenced by geopolitics and economic recessions. Trade disputes and sanctions can disrupt the supply chain of key raw materials, leading to shortages and price volatility.

    Political instability in key regions can also cause market uncertainty. During recessions, demand for acrylic sheets decreases due to slow construction projects and reduced consumer spending. This decreased demand for non-essential items like furniture and decorative items further exacerbates market challenges.

    Economic recessions significantly impact the acrylic sheets market as construction and manufacturing industries slow down, reducing demand for acrylic sheets in signage and architectural glazing applications.

    Companies may reduce capital expenditures, affecting the high-end acrylic product market. Consumers may become more price-conscious, shifting demand towards lower-priced alternatives or reducing usage of acrylic products.

    Regional Analysis

    APAC led the global Acrylic Sheets market, with a market share of 34.2%. This remarkable dominance can be attributed to several key factors. Firstly, the burgeoning construction industry in countries like China and India has been a significant driver, as acrylic sheets are extensively used for various architectural and interior design applications.

    Additionally, the region’s thriving automotive sector, where acrylic sheets are employed for various exterior and interior components, has further propelled the market’s growth.

    North America held the second position in the market. The region benefits from a robust industrial and manufacturing sector, which generates substantial demand for acrylic sheets in applications such as signage, automotive components, and construction materials.

    Acrylic Sheets Market Regional Analysis

    Key Regions and Countries

    • North America
      • The US
      • Canada
    • Europe
      • Germany
      • France
      • The UK
      • Spain
      • Italy
      • Russia & CIS
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • ASEAN
      • Rest of APAC
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • South Africa
      • Rest of MEA

    Key Players Analysis

    The global acrylic market is comprised of several key players, each contributing to the industry in various ways. Mitsubishi Chemical Holdings Corp, Evonik Industries AG, and Arkema SA are prominent players known for their diverse range of acrylic products and innovation.

    Market Key Players

    • Mitsubishi Chemical Holdings Corp
    • Evonik Industries AG
    • Arkema SA
    • Avient Corp.
    • Trinseo SA
    • Alro Steel Corporation
    • Lucite International
    • Aristech Surfaces LLC
    • Plaskolite
    • A&C Plastics, Inc.
    • Sumitomo Chemical
    • Röhm GmbH
    • Schweiter Technologies AG
    • Unigel S.A.
    • Other Key Players

    Recent Developments

    • In July 2023, Plaskolite started cell-cast acrylic production. This move follows the acquisition of a cell-cast acrylic manufacturing facility from Trinseo. Plaskolite will offer its cell cast PMMA sheet as an OPTIX Cell Cast Sheet, providing customers with customizable orders across various colors and gauges.
    • In Dec 2022, Röhm, a leading acrylic sheet manufacturer, acquired the Functional Forms business of Saudi Basic Industries Corp. (Sabic), which includes producing Lexan polycarbonate (PC) sheets and films. This acquisition complements Röhm’s existing Plexiglas and Acrylite brands, expanding its product offering to include PC sheets and films.

    Report Scope:

    Report Features Description
    Market Value (2022) USD 4,386.6 Mn
    Forecast Revenue (2032) USD 8,390.2 Mn
    CAGR (2023-2032) 6.7%
    Base Year for Estimation 2022
    Historic Period 2016-2022
    Forecast Period 2023-2032
    Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments
    Segments Covered By Type (Extruded Acrylic Sheets and Cast Acrylic Sheets), By Product Type (UV Transmitting and UV Resistant), By Applications (Construction & Architecture, Automotive, Electronics & Electrical, Signage And Displays, Healthcare, Aerospace & Defense, Furniture & Interiors, And Other Applications)
    Regional Analysis North America – The US & Canada; Europe – Germany, France, The UK, Spain, Italy, Russia & CIS, Rest of Europe; APAC- China, Japan, South Korea, India, ASEAN & Rest of APAC; Latin America- Brazil, Mexico & Rest of Latin America; Middle East & Africa- GCC, South Africa, &Rest of MEA
    Competitive Landscape Mitsubishi Chemical Holdings Corp, Evonik Industries AG, Arkema SA, Avient Corp, Trinseo SA, Alro Steel Corporation, Lucite International, Aristech Surfaces LLC, Plaskolite, A&C Plastics, Inc, Sumitomo Chemical, Röhm GmbH, Schweiter Technologies AG, Unigel S.A. and Other Key Players
    Customization Scope Customization for segments and region/country level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)

    Frequently Asked Questions (FAQ)

    What are acrylic sheets Market?

    Acrylic sheets are flat, lightweight plastic sheets made from acrylic polymer. They are known for their transparency, durability, and versatility, making them a popular material for various applications.

    What are the common uses of acrylic sheets Market?

    Acrylic sheets have a wide range of uses, including signage, displays, windows, skylights, aquariums, protective barriers, lighting fixtures, and artistic installations. They are also used in crafting and DIY projects.

    Acrylic Sheets Market
    Acrylic Sheets Market
    Published date: Sep 2023
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    • Mitsubishi Chemical Holdings Corp
    • Evonik Industries AG
    • Arkema SA Company Profile
    • Avient Corp.
    • Trinseo SA
    • Alro Steel Corporation
    • Lucite International
    • Aristech Surfaces LLC
    • Plaskolite
    • A&C Plastics, Inc.
    • Sumitomo Chemical
    • Röhm GmbH
    • Schweiter Technologies AG
    • Unigel S.A.
    • Other Key Players
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