According to the report, the Acrylic Sheets market is expected to grow from USD 5,624 million in 2019 to USD 6,247 million by 2026, growing at a CAGR of 3.61% from 2019 to 2026.
Market Overview
The global Acrylic Sheets market is estimated to be USD 5,624 million in 2019 and is expected to reach USD 6,247 million by 2026, with a CAGR of 3.61% during the forecast period.
The growing demand for lightweight materials from the automotive, aerospace, construction, and furniture industries is projected to drive the market for cast acrylic sheets during the forecast period. However, this growth can be affected by the availability of alternatives offering high quality or low costs such as polycarbonate, extruded acrylic sheets, and glass.
Acrylic sheet is a fiber/plastic sheet manufactured by utilizing two and more derivatives of acrylic acid. PMMA (Polymethyl Methacrylate acrylic) is one of the mostly used forms of acrylic, owing to its unique features such as weather ability and versatility. Acrylic sheet can be colored or tinted, mirrored or made opaque and numbers of the coating are applied to the sheet for enhancing its finishing, scratch resistance, and solar reflectivity.
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Competitive Insights
Key players operating in this market include Evonik, Mitsubishi Rayon, Altuglas (Arkema), Polycasa, Plaskolite, Taixing Donchamp, Unigel Group, Donchamp, Jumei, Jiushixing, Guang Shun Plastic, Shen Chuen Acrylic, Raychung Acrylic, Asia Poly, Elastin, and GARY Acrylic Xishun.
Evonik is the largest manufacturer, with a market share of 14.65% in 2018.
Regional Insights
The Asia Pacific is the largest market with a share of 43.79% for acrylic sheets, and this trend is expected to continue till 2026. China and India are the key markets in the region, contributing to more than half of the total demand for cast acrylic sheets in the Asia Pacific. The increase in demand for acrylic sheets in the automotive & transportation, architecture & interior design, and sanitary ware industries in the Asia Pacific can be attributed to continued urbanization and rising purchasing power of consumers in the region. Europe is the second market with a share of 27.86%, followed by North America with a share of 23.17%. The Middle East & Africa region includes high purchasing power countries such as Saudi Arabia, UAE, and Qatar. These are the major consumers of premium grade sanitary ware products.
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l Extruded Acrylic Sheet
l Cast Acrylic Sheet
Application Insights
l Automotive and Transport
l Building and Construction
l Light and Signage
l Others
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Audience
l Acrylic Sheets manufacturers
l Distributors and resellers of Acrylic Sheets
l Acrylic Sheets industry associations
l Product managers, Acrylic Sheets industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Acrylic Sheets
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