1 Global Acrylic Sheet Market Size (Revenue) and CAGR (2024-2033)
Global Acrylic Sheet market generated revenue of USD 4015.27 Million in 2024 with a CAGR of 6.47% during 2024 to 2033.
The current situation of the acrylic sheet market reflects a mature industry with continuous expansion due to technological and economic development. Market concentration is moderate, and the top three companies held a market share of 33.85% in 2023. The market is highly competitive, and the demand for acrylic sheets is driven by their unique properties such as optical clarity, durability, and lightweight nature. The market is segmented by type into cast acrylic sheets and extruded acrylic sheets, with various applications including marine, transportation, sanitary, signs, and point of purchase. The market is also influenced by factors such as the expansion of the construction industry, especially in emerging economies, the demand for lightweight materials in the automotive industry, and the growing use of acrylic sheets in advertising and signage due to their visual appeal and customization capabilities. However, the market faces challenges such as environmental regulations and raw material price volatility, which could impact the production and pricing of acrylic sheets. Despite these challenges, opportunities for growth exist in the increasing demand for sustainable and eco-friendly products, as well as the potential for intelligent manufacturing to revolutionize the industry.
Figure Global Acrylic Sheet Market Size (M USD) Outlook (2024-2033)
2 Drivers of Acrylic Sheet
Table Drivers of Acrylic Sheet
Drivers | Description |
Steady expansion of the construction industry | Ongoing urbanization in economies such as Southeast Asia has led to significant growth in the construction market in these developing countries. Countries such as Southeast Asia have large population bases, low urbanization levels, and relatively active economic development. Currently in the process of urbanization that continues to deepen, the construction market has huge demand potential. The steady expansion of the construction industry, especially in emerging economies, has spurred the demand for Acrylic Sheet for applications such as doors, windows and skylights, owing to its durability and versatility. |
Lightweighting in the automotive industry drives the development of the Acrylic Sheet industry | In view of the increasingly stringent carbon emission standards, vehicle lightweighting has become a consistent goal of the global automotive industry. The lightweighting of a car is to reduce the overall quality of the car as much as possible while ensuring the strength and safety performance of the car, thereby improving the power of the car and reducing fuel consumption. This is because fuel consumption is related to the quality of the car. U.S. Department of Energy data shows that every 10% reduction in vehicle weight reduces fuel consumption by 6%-8%. Therefore, vehicle lightweighting can effectively reduce carbon emissions. The automotive industry is increasingly adopting Acrylic Sheet for applications such as windshields and interior parts, which will help reduce the weight of cars and promote the growth of the Acrylic Sheet market. |
Acrylic Sheet applications in advertising and signage drive industry growth | The characteristics of Acrylic Sheet include strong high-gloss performance, good transparency, good pressure resistance, and high temperature resistance, making it as shiny as glass. And compared with ordinary glass, it is easier to process, lighter and not fragile. This is one of the important reasons why acrylic is widely used. Acrylic Sheet has outstanding visual effects in advertising. Acrylic Sheet not only has extremely pure colors, but also has an extremely rich selection of colors. It also has excellent light transmittance when made into light box panels. These obvious visual advantages are very popular among downstream users. Hence, the growing popularity of Acrylic Sheet in the advertising and signage industry owing to its transparency and ease of customization is further driving the market demand. |
3 Global Acrylic Sheet Market by Type in 2024
The global acrylic sheet industry is a mature market that continues to expand due to the unique properties of acrylic sheets, such as optical clarity, durability, and lightweight nature. Acrylic sheets, also known as acrylic glass or plexiglass, are produced from polymethyl methacrylate (PMMA) and are employed in a variety of applications.
Cast Acrylic Sheet: This type is known for its superior optical quality and is made by pouring a hot liquid compound into a mold and then cooling it. With a market value of $2,545.12 million USD, this type holds the largest market share, accounting for 38.80% of the total market.
Cell Cast Acrylic Sheet: Produced by pouring melted liquid PMMA resin between two plates of glass, this type is valued for its high light transmission. This type has a market value of $1,374.57 million USD, capturing a 20.95% market share.
Continuous Cast Acrylic Sheet: Created by pouring melted liquid PMMA resin between two belts of polished stainless steel, this type is known for its consistency. Valued at $1,170.55 million USD, it secures a 17.84% market share.
Extruded Acrylic Sheet: Made when the heated liquid polymer is fed through rollers that add texture and gauge until it forms into a sheet, this type is appreciated for its versatility. With a market value of $1,470.14 million USD, this type claims a 22.41% market share.
The Cast Acrylic Sheet dominates the market with the largest share, leveraging its superior optical quality for various high-end applications. However, it is the Extruded Acrylic Sheet that exhibits the most robust growth rate, attributed to its versatility and ability to meet the demands of diverse industries. The global acrylic sheet market is influenced by technological advancements, environmental regulations, and the need for sustainable materials. As the market continues to evolve, it is critical for players to adapt to these changes to maintain a competitive edge. The forecasted growth indicates a promising future for the acrylic sheet industry, with a shift towards more sustainable and technologically advanced products.
Table Global Acrylic Sheet Market Size and Share by Type in 2024
Type | Market Size (M USD) | Market Share (%) |
|---|---|---|
Cast Acrylic Sheet | 2,545.12 | 38.80% |
Cell Cast Acrylic Sheet | 1,374.57 | 20.95% |
Continuous Cast Acrylic Sheet | 1,170.55 | 17.84% |
Extruded Acrylic Sheet | 1,470.14 | 22.41% |
4 Global Acrylic Sheet Market by Application in 2024
The acrylic sheet market is a vibrant sector within the plastics industry, characterized by its versatility and the diverse range of applications it serves. Acrylic sheets, made from polymethyl methacrylate (PMMA), are renowned for their clarity, strength, and lightweight properties, making them ideal for various industries.
Marine: Projected to hold a market share of 6.75%, with a market size of $301.13 million USD in 2024.
Transportation: Expected to capture a market share of 21.15%, with a market size of $894.23 million USD in 2024.
Sanitary: Anticipated to have a market share of 14.56%, with a market size of $634.21 million USD in 2024.
Signs: Projected to account for 19.16% of the market, with a market size of $727.27 million USD in 2024.
Point of Purchase (POP): Expected to represent 9.80% of the market, with a market size of $384.99 million USD in 2024.
The global acrylic sheet market is diverse, with applications ranging from marine to point of purchase displays. In 2024, the transportation sector is expected to dominate the market, while the signs application is set to experience the most rapid growth. These trends underscore the importance of acrylic sheets in modern industry and highlight the sectors that will drive market expansion in the coming years. As the market continues to evolve, it will be crucial for stakeholders to monitor these application-specific dynamics to capitalize on emerging opportunities.
Table Global Acrylic Sheet Market Size and Share by Application in 2024
Application | Market Size (M USD) | Market Share (%) |
|---|---|---|
Marine | 301.13 | 6.75 |
Transportation | 894.23 | 21.15 |
Sanitary | 634.21 | 14.56 |
Signs | 727.27 | 19.16 |
Point of Purchase (POP) | 384.99 | 9.80 |
Others | 1,073.43 | 28.58 |
5 Global Acrylic Sheet Market by Region in 2024
The global acrylic sheet market is spread across various regions, each contributing significantly to the overall market revenue. The key regions include North America, Europe, China, Japan, the Middle East and Africa, India, and South America. Each region’s market is influenced by factors such as local demand, production capabilities, and economic conditions.
North America: With a market value of $671.58 million USD, North America is expected to hold a significant share of the global market, driven by strong demand from the construction and automotive industries.
Europe: Europe is projected to have a market value of $666.50 million USD, with a steady growth attributed to the region’s advanced manufacturing sector and strict environmental regulations promoting the use of acrylic sheets.
China: As a major player in global manufacturing, China is anticipated to lead the market with a value of $1,759.40 million USD, reflecting the country’s rapid industrialization and growing demand for acrylic sheets in various applications.
Japan: The Japanese market is expected to contribute $333.99 million USD, with a focus on high-quality acrylic sheet production for technical applications.
Middle East and Africa: With a market value of $93.80 million USD, this region is expected to experience growth due to increasing infrastructure development.
India: India’s market is projected to reach $166.22 million USD, with significant growth potential due to its emerging economy and rising demand from various sectors.
South America: South America is anticipated to have a market value of $150.08 million USD, with growth driven by the region’s developing industries.
The global acrylic sheet market is characterized by diverse regional dynamics, with each region playing a distinct role in shaping the market’s trajectory. In 2024, China stands out as the largest market by revenue, benefiting from its manufacturing prowess and economic might. Meanwhile, India exhibits the most promising growth prospects, offering opportunities for investors and manufacturers alike. As the market evolves, it is essential for stakeholders to understand these regional trends to navigate the competitive landscape effectively and capitalize on emerging opportunities.
Table Global Acrylic Sheet Market Size, Region Wise in 2024
Region | Market Size (M USD) | Market Share (%) |
|---|---|---|
North America | 671.58 | 16.73 |
Europe | 666.50 | 16.60 |
China | 1,759.40 | 43.82 |
Japan | 333.99 | 8.32 |
Middle East and Africa | 93.80 | 2.34 |
India | 166.22 | 4.14 |
South America | 150.08 | 3.74 |
Figure Global Acrylic Sheet Revenue Market Share by Region in 2024
6 Global Acrylic Sheet Market Top 3 Players
Company Introduction and Business Overview: Röhm GmbH, established in 1907 and headquartered in Germany, is a leading global manufacturer of methacrylate resins. The company’s extensive product range serves various industries, including automotive, electronics, construction, and medical technology. Röhm GmbH is renowned for its PLEXIGLAS® brand, which offers high-quality acrylic sheets and blocks with exceptional UV resistance and weathering capabilities.
Products Offered: Röhm GmbH’s acrylic sheet products include PLEXIGLAS® GS, which comes in clear, white, colored, and fluorescent variations, as well as PLEXIGLAS® XT, known for its UV-transmitting and UV-protecting properties. These products are utilized in structural glazing, shopfittings, signage, and furniture.
Revenue in 2024: For the year 2024, Röhm GmbH is projected to generate a revenue of $484.44 million USD, reflecting a steady growth in the global acrylic sheet market and the company’s strong market position.
Company Introduction and Business Overview: Mitsubishi Chemical, founded in 1933 and based in Japan, is a prominent manufacturer of chemical products. The company has a diverse portfolio, developing, producing, and selling performance products, healthcare products, industrial materials, and other chemicals. Mitsubishi Chemical is well-established in the construction, medical, energy, and petrochemical sectors.
Products Offered: Mitsubishi Chemical’s acrylic sheet offerings include SHINKOLITE™ L/DX/LX Continuous Cast Acrylic Sheets, known for their uniform thickness and superior quality, making them ideal for signage and display applications.
Revenue in 2024: Mitsubishi Chemical is expected to achieve a revenue of $435.58 million USD in 2024, demonstrating the company’s continued expansion and market penetration in the acrylic sheet industry.
Company Introduction and Business Overview: Trinseo, established in 2010 and headquartered in the USA, is a leading global materials company specializing in latex and plastics products. The company operates in several segments, including latex binders, feedstocks, polystyrene, Americas styrenics, engineered materials, and base plastics.
Products Offered: Trinseo’s acrylic sheet products include PLEXIGLAS® Acrylic Cast Sheets, which are premium architectural sheets with excellent optical quality, chemical resistance, and weatherability. The company also offers PLEXIGLAS® G P-95 and G DP-95, cell-cast sheets with a matte finish, and PLEXIGLAS® G-UVT, designed for high UV transmission applications.
Revenue in 2024: Trinseo is forecasted to generate a revenue of $423.58 million USD in 2024, indicating the company’s significant contribution to the global acrylic sheet market and its ongoing growth trajectory.
Table Global Acrylic Sheet Revenue Share of Top3 Players in 2024
Company | 2024 |
Röhm GmbH | 12.06% |
Mitsubishi Chemical | 10.85% |
Trinseo | 10.55% |