Acrylic Sheets Market Share 2022 | Share, Size Growth | Current Trends, Issues, Challenges | Forecast Till 2030
Market Forecast
Global Acrylic Sheets Market share is expected to
exhibit a CAGR of over 5.5% during the forecast period and cross USD 6 Billion
by 2027.
The acrylic sheet is a fiber sheet manufactured by
utilizing two and more derivatives of acrylic acid. Polymethyl methacrylate
acrylic is one of the most used forms of acrylic. It is widely used on account
of its features, such as weatherability and versatility. Acrylic sheets can be
colored or tinted, mirrored, or opaque.
Regulatory Framework
Regulations implied on the raw materials used for
manufacturing acrylic sheets affect their production of acrylic sheets.
Moreover, these raw materials are petroleum-based, and the depletion of fossil
fuels can have a negative impact on the growth of this market.
Segmentation
By Type
- Based on type, the global acrylic sheets market
is bifurcated into extruded acrylic sheets and cast acrylic
sheets.
- Extruded acrylic sheets are affordable and
malleable than cast acrylic. They are also clearer than glass
and do not become yellow after prolonged sun exposure,
because it resists ultraviolet light degradation. Additionally, it has a
higher impact resistance than glass and exhibits good
electrical and UV resistivity.
- The cast acrylic sheets segment emerged as
dominating segment as it has low water absorption, excellent
optical properties, outstanding resistance to long-term
exposure to sunlight and weathering, lightweight and bullet
resistance. The segment is further divided into cell cast acrylic sheets
and continuous acrylic sheets.
By Application
- Based on application, the global Acrylic
Sheets Market Share is segmented into
building & architecture, visual communication & retail,
furniture & design, automotive & transport,
electrical & electronics, sanitaryware, and others.
- The building & architecture segment emerged
as the leading and fastest-growing segment on account of the
wide use of windows, skylights, partitions, doors, patio
roofing, and balcony guards. The expanding building & construction
sector across the globe, coupled with the increasing demand for
home renovation, drive the use of acrylic sheets.
- Retail displays, point of sale displays, and
visual communications, use acrylic sheets because they
exhibit three-dimensional elements or unique lighting
effects, and are available in a range of colors, textures, and finish
options.
- Acrylic sheets are lightweight and fingerprint,
mar, and scratch-resistant, which makes them an ideal choice
of material for furniture & design applications. They
are widely used in chairs, tables, countertops, and other such
applications.
- The growing automotive & transportation
industry on account of increased business travels and high
disposable income drive the demand for acrylic sheets. These
sheets are used in mirror housings, rear outer lenses, badging,
autonomous driving sensor lenses, motorcycle windshields,
commercial aircraft interior window panels, glider &
helicopter glazing, and vehicle registration plates.
- Owing to its lightweight, shock and impact
resistance, and excellent fabrication properties, acrylic
sheets find uses in electricals & electronics
applications. They are also used in infra-red transmitter and receiver
windows, bespoke stereo speaker systems, turntables, and
iconic electric guitars.
- They find applications in sanitary ware such as
tubs, sinks, and showers.
- The others segment includes lightings, medical
equipment, and marine.
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By Region
- North America: The market growth in North
America is driven by the presence of a large industrial base
in the region. Extensive investments in infrastructural
development promote the use of acrylic sheets.
- Europe: High production and exports of
automotive components in the region drive the demand for acrylic
sheets.
- Asia-Pacific: It is the fastest-growing
regional market. Rapid industrialization and urbanization in
this region result in an increased number of construction activities
and drive the demand for acrylic sheets.
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