The acrylic sheet market was valued at $4.0 billion in 2023 and is projected to reach $6.2 billion by 2031, growing at a CAGR of 5.9% from 2024 to 2031.
Acrylic sheet is a thermoplastic material transparent in appearance and an excellent alternative to glass. The material is further known by other names, including plexiglass and acrylic glass. The lightweight nature and resistance to shatter & scratches make acrylic sheet an affordable substitute in applications where strength is not pivotal. The sheet remains suitable for outdoor applications due to its ability to withstand harsh temperatures and UV rays. The easy fabrication attribute of the sheet allows for customization into desired or intricate shapes and sizes.
Increase in construction activities and architectural remodeling is a major driver of the acrylic sheet market. In addition, the sheet experiences a high demand from the automotive sector for installation in taillights, headlights, and interior trim. Furthermore, the sheets are being used as an excellent substitute for PVC plastics due to their recyclability and low environmental impact, hence augmenting the development of the market. Currently, innovation in the manufacturing of acrylic sheets is trending as it is elevating their applicability across diverse industries. The administration of nano-coatings and surface treatments is gaining prominence as it enhances the attributes of the sheets such as self-cleaning, anti-reflective properties, and anti-fogging capabilities. These characteristics are boosting the utility of the sheets in marine and healthcare sectors.
However, fluctuations in the prices of oil hamper market growth as the sheet is constructed from petroleum-based raw materials. Moreover, the usage of petroleum-based materials limits the expansion of the market as environmentally conscious segment of consumers deter from the usage of acrylic sheets. On the contrary, the integration of technology into acrylic sheets is anticipated to open new avenues for the market. Smart coatings and sensor integration into the sheets are acquiring traction to provide functionalities such as glare reduction and temperature adjustment. These ingenious attributes are projected to be highly beneficial for the aerospace and automotive industries. According to Acrylic Sheets India, an acrylic products manufacturer, the annual production of acrylic is expected to increase at the rate of 5% in the coming future.
Segment Review
The acrylic sheet market is segmented into type, application, and region. On the basis of type, the market is divided into extruded acrylic sheet, cell cast acrylic sheet, and continuous cast acrylic sheet. As per application, it is classified into construction & architecture, healthcare & medical, automotive & transportation, food & beverages, electrical & electronics, sanitary ware, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the cell cast acrylic sheet segment held the highest market share in 2023.
As per application, the construction & architecture segment acquired a high stake in the market in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition Analysis
The major players operating in the global acrylic sheet market include Aristech Surfaces LLC., Evonik Industries AG, 3A Composites GmbH, Piedmont Plastics Inc, Elastin International Corp., Asia Poly Holdings Berhad., Ray Chung Acrylic Enterprise Co., Ltd., Plaskolite Inc, Sun Acrylam Private Limited, and PT Margacipta Wirasentosa. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
Acrylic sheet is a thermoplastic material transparent in appearance and an excellent alternative to glass. The material is further known by other names, including plexiglass and acrylic glass. The lightweight nature and resistance to shatter & scratches make acrylic sheet an affordable substitute in applications where strength is not pivotal. The sheet remains suitable for outdoor applications due to its ability to withstand harsh temperatures and UV rays. The easy fabrication attribute of the sheet allows for customization into desired or intricate shapes and sizes.
Increase in construction activities and architectural remodeling is a major driver of the acrylic sheet market. In addition, the sheet experiences a high demand from the automotive sector for installation in taillights, headlights, and interior trim. Furthermore, the sheets are being used as an excellent substitute for PVC plastics due to their recyclability and low environmental impact, hence augmenting the development of the market. Currently, innovation in the manufacturing of acrylic sheets is trending as it is elevating their applicability across diverse industries. The administration of nano-coatings and surface treatments is gaining prominence as it enhances the attributes of the sheets such as self-cleaning, anti-reflective properties, and anti-fogging capabilities. These characteristics are boosting the utility of the sheets in marine and healthcare sectors.
However, fluctuations in the prices of oil hamper market growth as the sheet is constructed from petroleum-based raw materials. Moreover, the usage of petroleum-based materials limits the expansion of the market as environmentally conscious segment of consumers deter from the usage of acrylic sheets. On the contrary, the integration of technology into acrylic sheets is anticipated to open new avenues for the market. Smart coatings and sensor integration into the sheets are acquiring traction to provide functionalities such as glare reduction and temperature adjustment. These ingenious attributes are projected to be highly beneficial for the aerospace and automotive industries. According to Acrylic Sheets India, an acrylic products manufacturer, the annual production of acrylic is expected to increase at the rate of 5% in the coming future.
Segment Review
The acrylic sheet market is segmented into type, application, and region. On the basis of type, the market is divided into extruded acrylic sheet, cell cast acrylic sheet, and continuous cast acrylic sheet. As per application, it is classified into construction & architecture, healthcare & medical, automotive & transportation, food & beverages, electrical & electronics, sanitary ware, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type, the cell cast acrylic sheet segment held the highest market share in 2023.
As per application, the construction & architecture segment acquired a high stake in the market in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition Analysis
The major players operating in the global acrylic sheet market include Aristech Surfaces LLC., Evonik Industries AG, 3A Composites GmbH, Piedmont Plastics Inc, Elastin International Corp., Asia Poly Holdings Berhad., Ray Chung Acrylic Enterprise Co., Ltd., Plaskolite Inc, Sun Acrylam Private Limited, and PT Margacipta Wirasentosa. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
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Key Market Segments
By Type
- Extruded Acrylic Sheet
- Cell Cast Acrylic Sheet
- Continuous Cast Acrylic Sheet
By Application
- Construction and Architecture
- Healthcare and Medical
- Automotive and Transportation
- Food and Beverages
- Electrical and Electronics
- Sanitary Ware
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA
- Aristech Surfaces LLC.
- Evonik Industries AG
- 3A Composites GmbH
- Piedmont Plastics Inc
- Elastin International Corp.
- Asia Poly Holdings Berhad.
- Ray Chung Acrylic Enterprise Co., Ltd.
- Plaskolite Inc
- Sun Acrylam Private Limited
- PT Margacipta Wirasentosa
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: ACRYLIC SHEET MARKET, BY TYPE
CHAPTER 5: ACRYLIC SHEET MARKET, BY APPLICATION
CHAPTER 6: ACRYLIC SHEET MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
Key Market Players in the Acrylic Sheet Market include:- Aristech Surfaces LLC.
- Evonik Industries AG
- 3A Composites GmbH
- Piedmont Plastics Inc
- Elastin International Corp.
- Asia Poly Holdings Berhad.
- Ray Chung Acrylic Enterprise Co., Ltd.
- Plaskolite Inc
- Sun Acrylam Private Limited
- PT Margacipta Wirasentosa
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | July 2024 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 4 billion |
| Forecasted Market Value ( USD | $ 6.2 billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
