Acrylic sheets are manufactured by using more than two derivatives of acrylic acid and these sheets are mainly fiber/plastic sheets. Among all the others, Polymethyl Methacrylate acrylic is highly used in the making of acrylic sheets, due to its distinctive properties such as the ability to sustain under harsh weather conditions, and versatility. Acrylic sheet is applied with various coating materials in order to enhance its finishing, scratch resistance, and solar reflectivity. These sheets can be colored or tinted, mirrored or made opaque. As per customer demand, acrylic sheets can be customized in different forms according to the need.
High demand for acrylic sheets is associated with the growth of various end-use industries such as construction, automotive and transportation, etc. Rapid industrialization in developed and developing countries, increasing adoption of cast acrylic sheets by aerospace manufacturers for skylights, sunscreens, fascia panels and dome structures due to its lightweight and energy transmission properties and rising demand from construction sector are some factors positively impact the demand for acrylic sheets market. In addition, numerous government initiatives that are undertaken for the development of infrastructure and increasing investments in construction projects are anticipated to drive sales of the acrylic sheets.
Machine shops require right base materials to provide their customers with a superior finished product. Increasing consumer’s preference for acrylic based furniture products due to its various benefits such as cost-effectiveness, easy to install, a variety of finishes, and high durability are also anticipated to drive the sale of acrylic sheets. Continuous R&D activities by automotive manufacturers for the development of innovative products that provide automotive glazing and is stronger and more durable than other products. In addition, rising automotive sale across the globe is another key factor driving the demand for these products.
Availability of other alternatives with the lower coat is lowering the adoption of acrylic sheets. In addition, the shortage of raw materials and relatively higher development cost are some other drawbacks that challenge the growth of acrylic sheets.
$ 3,502.0 Mn
7.1%
- By Type
- By Region
- By Application
$ XXXX Mn
Acrylic sheets have high scope of application in industries such as automotive and transport, building and construction, and light and signage. Demand from the automotive and transportation industries continues to incline. This is attributed to high adoption of acrylic sheets in order to manufacture caravan windows, motorcycle windshields, glider & helicopter glazing, commercial aircraft interior window panels, and marine glazing, and increasing demand for advanced material that has properties such as high chemical and weather resistance, optical clarity, and is lightweight.
North America accounts for the largest revenue share in the global acrylic sheets market currently due to high demand for acrylic sheets from the aerospace industry and the presence of major players operating in the countries in this region. In addition, increasing expansion activities through mergers and acquisitions between regional and international players in order to increase the customer base and enhance product portfolio is another factor driving market growth. Asia Pacific market is expected to witness significant growth in the near future due to increasing government expenditure in development of infrastructure facilities, increasing construction and reconstruction activities, and presence of prominent players operating in economies such as India and China.
Some of the major players operating in the global acrylic sheets market are Evonik Industries AG, Mitsubishi Rayon Co. Ltd., Altuglas International SAS, Polycasa NV, Plaskolite, Inc., Taixing Donchamp Acrylic Co. Ltd., Unigel S.A., Taixing Donchamp Acrylic Co. Ltd., Guang Shun Plastic Co., Ltd., and SHEN CHUEN ACRYLIC (NINGBO) CO., LTD.
Discuss Your Needs With Our Analyst
Please share your requirements with more details so our analyst can check if they can solve your problem(s)
