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Acrylic sheet market size was USD 4.67 billion in 2023. The acrylic sheet industry is projected to grow from USD 4.98 billion in 2024 to USD 8.37 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 6.70% during the forecast period (2024 - 2032). Increasing demand for manufacturing of daily commercial products and use of various conventional acrylic sheets are the major market drivers contributing to the growth of the market.
The market for acrylic sheets is growing at a CAGR of 6.70% driven by increasing demand from the construction industry due to its versatility and aesthetics. Acrylic sheets are used in a wide range of applications such as skylights, windows, partitions, and exterior decorations. One of the key drivers of this trend is the lightweight nature of this material, which reduces structural loads and enables innovative designs. In addition, acrylic panels offer excellent weather resistance, UV resistance and high light transmission, making them a popular choice for modern construction projects. The growing focus on energy-efficient construction and sustainable building practices is further fuelling the use of acrylic sheets, as they offer superior thermal insulation properties compared to traditional glazing materials.
The shift towards sustainable practices and eco-friendly materials has had a profound impact on the acrylic sheet market. Compared to traditional materials such as glass and metal, acrylic sheets are considered to be more environmentally friendly due to their lower carbon footprint and recyclability. With sustainability becoming a major consideration for consumers and businesses, the demand for acrylic sheets has increased significantly. Manufacturers are responding to this trend by collecting recycled content during the manufacturing process and offering environmentally friendly acrylic sheet.
Welldon New Material has 30 years of manufacturing experience, 4 production sites, 12 production lines, cast acrylic sheet capacity of 1200+ tonnes/month, extruded acrylic sheet capacity of 700+ tonnes/month, 1500+ tonnes of acrylic sheet in stock, 100% raw materials (Mitsubishi Materials from Japan and materials from China), 95%+ light transmittance, 5+ years of weathering, and exports to more than 50 countries and regions.
Moreover, initiatives to promote circular economy and use of renewable resources are further stimulating the applications of acrylic sheets in various industries.
Market Segmentation by Product
The acrylic sheet market showcases innovative designs and superior weather resistance, making it a preferred choice across industries. In the field of sustainable construction, acrylic sheets are recyclable and are combined with technological advancements such as injection moulding and impact resistance. Their colour vibrancy and fire resistance meet the needs of the construction and healthcare sectors. In the automotive and transport sectors, acrylic sheets offer antimicrobial properties, self-cleaning capabilities, and are used for thermal insulation and energy efficiency in sanitary ware. Extruded acrylic sheet offers chemical resistance and impact strength for architectural applications, retail displays, automotive parts, interiors and polymethylmethacrylate. Acrylic sheets are lightweight, durable, transparent, UV resistant, abrasion resistant and plexiglass properties, available in a wide range of thicknesses and colours, regular thicknesses of 2-100mm, sizes of 1220*2440mm, 1220*1830mm or customised sizes, more than 40 regular colours are available (clear, white, black, red, blue, etc.), or, other customised colours. Available for sunroof, canopy, windscreen and interior parts.
Geographical Overview
The acrylic sheet market in Asia Pacific is expected to grow, with China leading the way with its automotive industry and various applications. Innovative designs using acrylic sheets in areas such as construction, healthcare, automotive, and transport demonstrate their weather resistance and sustainability. Technological advancements such as injection and extrusion processes have improved the material's impact resistance, colour vibrancy, fire resistance, antimicrobial properties, and self-cleaning capabilities. Sustainable building projects in countries such as India, China and Japan utilise acrylic panels for insulation, energy efficiency and recyclability. In addition, acrylic sheets are chemically and impact resistant and can be used in retail displays, automotive parts, interiors and other architectural applications. The key ingredient, polymethylmethacrylate, ensures lightweight, durability, transparency and UV resistance. Thicknesses and colours are available for a wide range of insulation properties, skylights, canopies, windscreens, interior components and signage displays.
Acrylic sheets are experiencing significant growth in the signage and display market due to their application in retail and merchandising. Acrylic sheets offer excellent strength, weather resistance, and cost-effectiveness, making them ideal for advertising in a wide range of industries. Innovative designs, colour options and optical clarity are key features, along with sustainability, technological advancements and impact resistance. Applications include architectural, healthcare, automotive and retail displays.
Acrylic panels are made from acrylic and crude oil products. Fluctuating crude oil prices increase manufacturing costs, affecting the acrylic, derivatives, and cast acrylic sheets market. Applications include lighting fixtures, decorative, shatterproof materials, signage, architectural, furniture, and automotive. Factors such as UV resistance, surface finish, casting process, and visual aesthetics can affect the market share. Key industries include construction, transport, and sanitary ware. Urbanisation, purchasing power, and advertising expenditure also influence the demand.
Research Analysis
The acrylic sheets market includes the production and distribution of polymethyl methacrylate (PMMA) sheets, which are known for their lightweight and durable properties. These sheets offer transparency and UV resistance, making them ideal for architectural applications such as skylights and architectural glazing. The market caters to a variety of industries including construction and architecture, furniture and interior design, automotive industry, healthcare, and sanitary ware.PMMA sheets are available in a variety of thicknesses and colours and have insulating properties that help in thermal insulation and energy efficiency. In the automotive and transport sectors, acrylic sheets improve fuel efficiency and vehicle performance through their chemical resistance and impact strength. In addition, they are used in retail displays, automotive parts and interiors. Production processes include extrusion and casting processes that ensure an ideal surface finish for visual aesthetics.PMMA sheets are also used in UV-resistant acrylic applications, providing excellent UV protection.
Market Research Overview
The acrylic sheets market is experiencing significant growth owing to the wide range of applications of acrylic sheets in various industries. These sheets are made from polymethylmethacrylate (PMMA) and offer numerous benefits such as durability, transparency, and UV resistance. The market consists of acrylic sheet manufacturers, suppliers, and consumers. Colour, thickness and size are the key considerations in the market. Transparency and clarity are the key factors driving the demand for acrylic sheets in the lighting industry. Decorative applications such as signage and displays also contribute to the market growth. The construction industry uses acrylic sheets for cladding and roofing as they are strong and weather resistant. The automotive industry utilises acrylic sheets for manufacturing automotive parts as they are lightweight and shatter-resistant. The market is segmented on the basis of applications including construction, transport, industrial, and others. The future of the acrylic sheet market looks bright with increasing demand from various industries and technological advancements.
