Acrylic Sheets Market | Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2027
Market Forecast
Global Acrylic
Sheets Market 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 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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