What is Global Acrylic Sheets Market?
The Global Acrylic Sheets Market is a vast and dynamic sector that encompasses a wide range of products and applications. Acrylic sheets, also known as Plexiglas, are plastic sheets that are clear and transparent, similar to glass, but they are much more durable and flexible. They are made from polymethyl methacrylate (PMMA), a synthetic resin produced from the polymerization of methyl methacrylate. These sheets are used in a variety of industries due to their excellent transparency, high gloss surface, and superior weather resistance. They are also lightweight, easy to fabricate, and can be colored or tinted, mirrored or made opaque.
Extruded Acrylic Sheet, Cast Acrylic Sheet in the Global Acrylic Sheets Market:
The Global Acrylic Sheets Market is segmented into two main types: Extruded Acrylic Sheet and Cast Acrylic Sheet. Extruded Acrylic Sheets are produced by an extrusion process, where the acrylic mass is heated and pushed through a form, while continuously being pulled. This process allows for the production of larger sheets with a consistent thickness. They are easier to shape and thermoform, making them ideal for applications such as displays, signage, and light fixtures. On the other hand, Cast Acrylic Sheets are manufactured by casting the acrylic resin into a mold. This process results in a more rigid and robust sheet, with excellent optical properties and a higher resistance to scratching and chemical attacks. Cast Acrylic Sheets are preferred for applications that require superior strength, precision, and clarity, such as aquariums, architectural glazing, and aircraft windows.
Automotive and Transport, Building and Construction, Light and Signage, Safety Protection, Others in the Global Acrylic Sheets Market:
The Global Acrylic Sheets Market finds its usage in various sectors. In the Automotive and Transport industry, acrylic sheets are used for making windshields, windows, and sunroofs due to their high impact resistance and optical clarity. In the Building and Construction sector, they are used for glazing, partitions, and interior design elements, thanks to their lightweight, easy fabrication, and aesthetic appeal. The Light and Signage industry uses acrylic sheets for making illuminated signs, displays, and light fixtures, due to their excellent light transmission and diffusion properties. In the Safety and Protection sector, acrylic sheets are used for making safety glasses, protective shields, and barriers, due to their high impact resistance and shatterproof nature. Other applications include furniture, home decor, art and crafts, and many more.
Global Acrylic Sheets Market Outlook:
Looking at the market outlook, in 2022, the Global Acrylic Sheets Market was valued at a substantial US$ 5755.8 million. The market is projected to grow at a steady pace, reaching an estimated value of US$ 7650.9 million by 2029. This growth trajectory, representing a Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2029, indicates a promising future for the market. The market is dominated by the top five manufacturers, who collectively hold a market share of over 40%. The Asia-Pacific region, known for its robust manufacturing sector, is the largest consumer of acrylic sheets, accounting for about 55% of the global market.
| Report Metric | Details |
| Report Name | Acrylic Sheets Market |
| Accounted market size in 2023 | US$ 6011.9 million |
| Forecasted market size in 2029 | US$ 7650.9 million |
| CAGR | 4.1 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Evonik, Mitsubishi Chemical, Altuglas (Arkema), Schweiter Technologies, Plaskolite, Taixing Donchamp, Unigel Group, Jiangxi Oulida, Jumei, Jiushixing, Techmerge, Shen Chuen Acrylic, Raychung Acrylic, Asia Poly, Elastin, GARY Acrylic Xishun, Chi Mei, Palram, Plazit-Polygal |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
