Acrylic Sheets Market Industry Analysis 2022 Size, CAGR of 5.25%, Trends, Growth Statistics, Key Players and Forecast 2029

Acrylic Sheets Market Overview:

An acrylic sheet is a fibre sheet made from two or more acrylic acid derivatives. Acrylic polymethyl methacrylate is one of the most common types of acrylic. It is widely used due to its unique characteristics such as weather resistance and versatility. Acrylic sheets can be tinted, coloured, mirrored, or made opaque. Several coatings are applied to these sheets to improve their finish, scratch resistance, and solar reflectivity.

The global Acrylic Sheets market size is expected to grow from USD 3.1 billion in 2020 to USD 4.91 billion by 2029, at a CAGR of 5.25% from 2022-2029.

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The global acrylic sheets market is expected to expand rapidly during the forecast period, owing to increased demand for acrylic sheets as a replacement for glass in a variety of products such as sanitary ware, medical equipment, and industrial equipment and machinery.

Acrylic Sheets Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Gevacril, Arkema, BASF SE, Evoniik Industries AG, 3A Composites Holding AG, Mitsubishi Chemical Corporation, PT Astari Niagara Internasional, ARISTECH SURFACES LLC, PyraSied Xtreme Acrylic, Spartech LLC, MADREPERLA S.p.a., Ray Chung Acrylic Enterprise Co.L and Others

Recent Development

In June 2021, Aristech Surfaces LLC was acquired by Trinseo for USD 445 Million. The deal emerged on accounts of Falcon Private Holdings. This was to expand Trinseo's polymer resins and plastic sheets business portfolio with existing workforce and management of Aristech Surfaces LLC with a valuation of USD 1.4 Billion globally.
In March 2018, as of 2018, Evoniik Industries had set up a wholly owned subsidiary in Africa without any joint venture. The specialty plastics formulator is a result of Ampa Plastics Group liquidation in 2017 and the currently established firm works towards improvising and delivering high-quality acrylic sheet products across MEA region.
In June 2018, Elastin is a customer-focused company focuses on the development of high-quality products to increase its customer base in the market. In addition, the company is actively participating in the virtual events, conferences and exhibitions to strengthen its business growth.

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Acrylic Sheets Market Segmentation:

Acrylic Sheet Market By Type, 2020-2029, (USD Million) (Kilotons)

Cell
Continuous

Acrylic Sheet Market By Application, 2020-2029, (USD Million) (Kilotons)

Sanitary Ware
Signage & Display
Architecture & Interior Design
Transportation
Medical
Food & Catering

Growth Factors:

Increasing demand from the Acrylic Sheets industries
The growing use of Acrylic Sheets in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Acrylic Sheets Market

Market Dynamics

Drivers

Increasing demand for manufacturing of various everyday commercial goods: as compared to glass, acrylic sheets offer several advantages, such as higher durability, lighter in weight, and high cost-effectiveness. As a result, manufacturers have been preferring acrylic sheets over glass for various everyday products used in businesses and households. Acrylic sheets are increasingly being used for various conventional, including production of windows, wall partitions, lighting fixtures, acrylic mirrors, shelves, pole signs, screen protectors for tv screens, as well as unconventional applications, including handcrafts, aquariums, and helmets

Restraints

Volatility in prices of raw materials: Acrylic sheets are made from raw materials such as methyl methacrylate. The first step in making acrylic sheets is the polymerization of the raw materials, resulting in a product called a monomer. Polymethyl methacrylate and other acrylic plastic polymers are formed using methyl methacrylate monomer. Acrylic sheets are primarily petroleum-based thermoplastic products. Thus, the fluctuations in the crude oil prices are likely to have a corresponding impact on the price of acrylic sheets, which are made by bulk polymerization process.

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Acrylic Sheets Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key Acrylic Sheets Market Trends

- The report identifies, determines, and forecasts the Global Acrylic Sheets Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Acrylic Sheets Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Acrylic Sheets Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Acrylic Sheets Market.

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Frequently Asked Questions (FAQs)

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