ID: MRFR/CnM/8750-HCR | February 2021 | Region: Global | 185 pages
According to MRFR analysis, the Acrylic Sheets Market is projected to be worth USD 6.89 billion by 2028, registering a CAGR of 5.83% during the forecast period (2021 - 2028), The market was valued at USD 3.21 Billion in 2020.
ASTM D4802 specifies the guidelines for the production of acrylic sheets by various processes. However, the acrylic sheet raw materials include vinyl acetate or methyl acrylate, which are synthetic fibers made from a polymer (polyacrylonitrile). The regulations on the health and environmental hazards of these raw materials affect the production and use of acrylic sheets.
Higher load-bearing capacity as compared to polycarbonate
Acrylic is a transparent plastic material with outstanding strength, stiffness, and optical clarity. It sheet is easy to fabricate, bonds well with adhesives and solvents, and is easy to thermoform. The material has superior weathering properties compared to many other transparent plastics.
The acrylic sheet exhibits glass-like qualities such as clarity, brilliance, and transparency. It is lightweight and has a higher impact resistance as compared to glass. The acrylic sheet is known by many names such as acrylic, acrylic glass, and plexiglass. Brand names include Plexiglas, Evonik Cryo Acrylite, Lucite, Plaskolite, Optix, and Perspex, among others.
The global acrylic sheets market is primarily driven by its use in the building & construction industry for various applications such as home improvement projects, kitchen backsplash, windows, wall partitions, and home furniture and décor, among others. Acrylic sheets are the ideal choice of material due to the superior properties such as excellent optical clarity, 17 times impact resistance as compared to glass, lightweight, temperature, and chemical resistance.
In addition to this, it is widely used in commercial and structural glazing to create weather and storm-resistant windows, large and bulletproof windows, and durable skylights.
Players operating in this market are focused on various strategic initiatives such as expansion and product launch. For instance, in April 2020, 3A Composites increased the production of PERSPEX transparent acrylic sheets by 300% to support the fabrication of hygienic protection walls in the UK and other European countries in response to the growing demand to protect from the COVID-19 pandemic.
|Market Size||2028: USD 6.89 billion|
|CAGR||6.83% (2021 - 2028)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Lucite International (US), Evonik Industries AG (Germany), 3A Composites, GmbH (Switzerland), Arkema (France), Elastin International Corp., (Taiwan), Asia Poly Industrial Sdn Bhd (Malaysia), Ray Chung Acrylic Enterprise Co., Ltd. (Taiwan), Plaskolite (US), JuMei Acrylic (China), Aristech Surfaces LLC (US) Gevacril (Italy), PT Margacipta Wirasentosa (Indonesia), Shanghai acrylic(cast) chemical corporation (China), Shen Chuen Acrylic (Ningbo) Co., Ltd. (China), Sun Acrylam Private Limited (India)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Acrylic Sheets Market is projected to be worth USD 6.89 billion by 2028
The CAGR of Global Acrylic Sheets Market is over 5.83%.
The market USP of the Global Acrylic Sheets Market is higher load-bearing capacity as compared to polycarbonate.
Lucite International, Evonik Industries AG, 3A Composites GmbH, Arkema are the top four key players of the Global Acrylic Sheets Market.
Global acrylic sheets market is mainly driven by its usage in the building & construction industry for various applications such as kitchen backsplash, home improvement projects, wall partitions, windows, and home furniture and décor.