Global Acrylic Sheets Market Was Valued 5.2 Billion USD In 2017

New report published by Market Research Report Store (MRRS) which offers insights on the global Acrylic Sheets market.

Poly(methyl methacrylate) (PMMA), also known as acrylic or acrylic glass as well as by the trade names Plexiglas, Acrylite, Lucite, and Perspex among several others (see below), is a transparent thermoplastic often used in sheet form as a lightweight or shatter-resistant alternative to glass.

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Global Acrylic Sheets Market: Forecast by Type / Application / Region

Market Segment by Manufacturers covers: 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.

Market Segment by Types covers: Cast Acrylic Sheet , Extruded Acrylic Sheet.

Market Segment by Applications be divided into: Automotive and Transport, Building and Construction, Light and Signage, Other.

First, In terms of revenue, the global acrylic sheets market was valued 5.2 Billion USD in 2017, and is estimated to be worth 7.45 Billion USD by 2024. In terms of consumption, the acrylic sheets were 1.01 million MT in 2017. And it is anticipated to reach 1.49 million MT by 2024.

Second, acrylic sheets have a high concentration. The top six companies account for more than 45.92% of market share. Evonik, Mitsubishi Rayon, Altuglas (Arkema), Plaskolite, Taixing Donchamp and Polycasa are the tycoons of acrylic sheets. Evonik is the largest manufacturer, with the market share of 14.63% in 2017.

Third, compared with international leading players, Chinese domestic manufacturers still have certain gap, both in the product performance and market share. As the development of China economic and technology, China will have good products like overseas manufacturers.

Forth, Building and Construction accounted for the largest market with about 27.77% of the global consumption volume for acrylic sheets in 2017. Moreover, it is anticipated to grow at a CAGR of 4.10% from 2017 to 2024. With over 24.04% share in the Acrylic sheets market, Light and Signage was the second largest application market in 2017, and is anticipated to grow at a CAGR of 5.64%, in terms of consumption volume, from 2017 to 2024.

Fifth, in summary, we tend to believe this industry is a promising industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.

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Related Information:
United States Acrylic Sheets Market Research Report 2018
Europe Acrylic Sheets Market Research Report 2018
North America Acrylic Sheets Market Research Report 2018
Asia-Pacific Acrylic Sheets Market Research Report 2018
China Acrylic Sheets Market Research Report 2018
EMEA Acrylic Sheets Market Research Report 2018
Global Acrylic Sheets Market Research Report 2018

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