Global Acrylic Sheets Market to Achieve CAGR of 5.0% By 2031 | CBI
Category : Materials And Chemicals | Published Date : Oct 2024 | Type : Press Release
Acrylic Sheets Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Acrylic Sheets Market was valued at USD 4.52 Billion in 2023 and is projected to reach USD 7.28 Billion by 2031, growing at a CAGR of 6.1% during the forecast period from 2024 to 2031. Acrylic sheets are durable, lightweight plastic materials made from polymethyl methacrylate (PMMA) and are known for their superior optical clarity and shatter resistance. These sheets are widely used across industries, such as construction, automotive, and interior design, offering a versatile alternative to glass for applications requiring strength, transparency, and customization.
The report comprises the Acrylic Sheets Market Share, Size & Industry Analysis, By Type (Extruded Acrylic Sheets, Cast Acrylic Sheets, Cell Cast Acrylic Sheets, Continuous Cast Acrylic Sheets), By Color (Transparent, Opaque, Translucent), By Application (Signage & Displays, Transportation, Building, Furniture & Interior Design, Electronics Devices, Medical Devices, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Acrylic Sheets Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The growing demand for lightweight and durable materials in sectors like automotive and construction is a major driver, while renewable energy applications, such as solar panel production, are emerging as a growth opportunity for acrylic sheet manufacturers.
Segmental Analysis :
Based on type, the market is segmented into extruded acrylic sheets, cast acrylic sheets, cell cast acrylic sheets, and continuous cast acrylic sheets.
- Extruded acrylic sheets held the largest share in 2023 due to their consistent thickness and cost-efficiency, making them ideal for high-volume applications like signage and construction.
- Cell cast acrylic sheets are expected to witness the fastest growth due to their superior optical clarity and high molecular weight, making them suitable for high-end applications in automotive and architecture.
Based on color, the market is segmented into transparent, opaque, and translucent.
- Transparent acrylic sheets dominated the market in 2023, driven by their high optical clarity and use in applications like display cases, windows, and protective barriers.
- Translucent sheets are projected to grow rapidly, as they are increasingly used in illuminated signage and lighting fixtures where light diffusion is essential.
Based on application, the market is segmented into signage & displays, transportation, building, furniture & interior design, electronics devices, medical devices, and others.
- Signage & displays held the largest share in 2023 due to the widespread use of acrylic sheets in advertising and retail displays that require durability and visibility.
- Transportation is expected to grow at the highest rate due to the demand for lightweight, shatter-resistant materials in vehicle windows and partitions to improve fuel efficiency and safety.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific led the market in 2023, driven by industrial growth, particularly in China and India, with increased usage in construction, automotive, and electronics manufacturing.
- North America is projected to experience steady growth, with demand from sectors like construction, automotive, and signage, particularly in the U.S., which is adopting acrylic sheets for architectural applications and vehicle manufacturing.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 7.28 Billion |
| CAGR (2024-2031) | 6.1% |
| By Type | Extruded Acrylic Sheets, Cast Acrylic Sheets, Cell Cast Acrylic Sheets, Continuous Cast Acrylic Sheets |
| By Color | Transparent, Opaque, Translucent |
| By Application | Signage & Displays, Transportation, Building, Furniture & Interior Design, Electronics Devices, Medical Devices, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Acrylic Sheets Industry:
- Altuglas International (France)
- Evonik Industries AG (Germany)
- Mitsubishi Chemical Corporation (Japan)
- Plaskolite, LLC (USA)
- Lucite International (UK)
- 3A Composites Holding AG (Switzerland)
- Asia Poly Industrial Sdn Bhd (Malaysia)
- Aristech Surfaces LLC (USA)
- PolyOne Corporation (USA)
- Madreperla S.p.A. (Italy)
Recent Industry Developments :
- In April 2024, Unisub launched its Sublimation Acrylic panels, engineered specifically for vibrant sublimation printing in displays and decorative applications.
- In July 2021, Trinseo acquired Aristech Surfaces LLC for USD 445 million to expand its portfolio in polymethyl methacrylate (PMMA) technology, enhancing its product offerings in plastic sheets and resins.
