Acrylic Sheet Market Research Report includes Analysis on Market Size, Share and Growth rate at 8.8% CAGR Forecasted from 2024 to 2031
The "Acrylic Sheet Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Acrylic Sheet market is expected to grow annually by 8.8% (CAGR 2024 - 2031).
This entire report is of 184 pages.
Acrylic Sheet Introduction and its Market Analysis
The global acrylic sheet market research report highlights the growing demand for acrylic sheets driven by their durability, clarity, and versatility in various applications such as signage, construction, automotive, and furniture. Major players such as Evonik, Mitsubishi Rayon, and Altuglas (Arkema) are leading the market with their innovative products. Other key players include Polycasa, Plaskolite, Taixing Donchamp, and Unigel Group. The report also emphasizes the increasing use of acrylic sheets in emerging markets like Asia Pacific. The main findings of the report suggest a steady revenue growth for the acrylic sheet market with recommendations for companies to focus on product innovation and market expansion strategies.
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The global acrylic sheet market is segmented into two major types: Cast Acrylic Sheet and Extruded Acrylic Sheet. Cast acrylic sheets are known for their superior quality and clarity, making them ideal for applications in automotive and transport, building and construction, and light and signage industries. On the other hand, Extruded acrylic sheets offer better impact resistance and are cost-effective, making them suitable for various applications in the mentioned segments.
In terms of regulatory and legal factors, the market for acrylic sheets is subject to stringent quality control measures and regulations to ensure the safety and performance of the products. Manufacturers in this market must comply with industry standards and government regulations to operate legally and provide consumers with high-quality acrylic sheet products. Additionally, market conditions may vary from region to region, leading to different legal requirements and restrictions for the production and sale of acrylic sheets. As a result, companies operating in this market must stay informed and updated on the regulatory and legal factors specific to their target markets to ensure compliance and success.
Top Featured Companies Dominating the Global Acrylic Sheet Market
The global acrylic sheet market is highly competitive, with key players such as Evonik, Mitsubishi Rayon, Altuglas (Arkema), Polycasa, Plaskolite, Taixing Donchamp, Unigel Group, Jiangxi Oulida, Jumei, Jiushixing, Guang Shun Plastic, Shen Chuen Acrylic, Raychung Acrylic, Asia Poly, Elastin, GARY Acrylic, and Xishun. These companies offer a wide range of acrylic sheet products catering to various industries, including construction, automotive, signage, furniture, and electronics.
Evonik Industries AG, a leading player in the acrylic sheet market, provides high-quality products for various applications. Mitsubishi Rayon, another prominent player, offers acrylic sheets with excellent optical clarity and weather resistance. Altuglas (Arkema) specializes in manufacturing impact-resistant acrylic sheets suitable for outdoor use. Polycasa is known for its innovative acrylic sheet solutions for the transportation and architecture sectors.
These companies play a vital role in driving the growth of the acrylic sheet market by investing in research and development, expanding their product portfolio, and forming strategic partnerships. For example, Plaskolite recently acquired Lucite International, a move that strengthened its presence in the acrylic sheet market.
In terms of sales revenue, Evonik generated approximately $ billion in 2020, while Mitsubishi Rayon reported sales of around $2.8 billion. Altuglas (Arkema) recorded revenues of about $9 billion, showcasing the significant market presence of these key players in the acrylic sheet industry. These companies continue to innovate and introduce new products to meet the evolving demands of customers, further promoting the growth of the acrylic sheet market.
- Evonik
- Mitsubishi Rayon
- Altuglas (Arkema)
- Polycasa
- Plaskolite
- Taixing Donchamp
- Unigel Group
- Jiangxi Oulida
- Jumei
- Jiushixing
- Guang Shun Plastic
- Shen Chuen Acrylic
- Raychung Acrylic
- Asia Poly
- Elastin
- GARY Acrylic Xishun
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Acrylic Sheet Market Analysis, by Type:
- Cast Acrylic Sheet
- Extruded Acrylic Sheet
Cast Acrylic Sheet is manufactured through a process where liquid acrylic is poured into a mold and then cured. This results in a higher quality, more transparent sheet with better thickness tolerance. On the other hand, Extruded Acrylic Sheet is made by pushing acrylic resin through rollers, which creates a sheet with consistent thickness and fewer internal stresses. The availability of these two types of acrylic sheets with varying properties and features caters to a wide range of applications in industries such as construction, automotive, signage, and more. This versatility boosts the demand for acrylic sheets in the market.
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Acrylic Sheet Market Analysis, by Application:
- Automotive and Transport
- Building and Construction
- Light and Signage
Acrylic sheets are widely used in automotive and transport industries for windows, lighting, and safety barriers. In building and construction, they are used for windows, skylights, and protective barriers. In light and signage applications, acrylic sheets are used for making illuminated signs and displays. The fastest growing application segment in terms of revenue is the building and construction industry, driven by the growing demand for energy-efficient and sustainable building materials. Acrylic sheets are preferred for their durability, clarity, and versatility in a wide range of applications, making them a popular choice in various industries.
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Acrylic Sheet Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Acrylic Sheet Market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea). Among these regions, Asia-Pacific is expected to dominate the market with a market share of around 40%. North America and Europe are also expected to contribute significantly to the market, with market shares of around 25% and 20% respectively. Latin America and Middle East & Africa are also expected to show substantial growth, with market shares of around 10% each.
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