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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Extruded Acrylic Market is expected to grow at a significant CAGR of 4.3% during the forecast period 2023 to 2029. The global market provides a detailed overview and that can be segmented by type and by application. By type, the Extruded Acrylic market growth has been segmented into Semitransparent Extruded Acrylic Sheets, Colour Extruded Acrylic Sheets, and Transparent Extruded Acrylic Sheets. The Colour Extruded Acrylic Sheet segment is likely to be the largest and fastest-growing segment in terms of type. Based on Application, the Extruded Acrylic market is segmented into Light and Signage, Building and Construction, Automotive and Transport, and Others. Among these, the Light and Signage application segment is expected to have the fastest-growing market during the forecast period 2023-2029. The usage of extruded acrylic sheets in display and signage applications is due to the growing demand for cover panels, display screens, and touchscreens will boost the market in this segment. Apart from this, accessibility in different strengths and colors can also drive market growth. Cast acrylic sheet is increasingly being used for out-of-home advertising applications. Numerous designs can quickly be published over an extruded acrylic sheet, making it the best suitable for design and architecture applications as well. The requirement for lightweight material in the development and automotive of high transportation infrastructures, for instance, bus stands and the upgradation of airports and railway stations, have caused progress in demand for extruded acrylic sheets in transportation applications. By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
4.3%Largest Market
EuropeFastest Growing Market
Europe
The growing penetration of goods in applications such as sanitary ware and signage is anticipated to propel the market growth over the forecast years. Moreover, the growing demand from the construction and building industry maintained by rising urbanization is burgeoning the market growth over the forecast years.
Europe accounted for larger revenue share in global extruded acrylic market with considerable CAGR. The growth in this region is due to growth in automotive and construction industries in the region. Also, Germany is the major contributor for the growth of the market in this region owing to increasing use of the product in visual communication and retail applications such as display trays, casings, and POS.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
4.3% |
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By Type |
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By Application |
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By Region |
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Recycling extruded acrylic sheets is demanding as it is not biodegradable so recycling is an expensive process and the presence of low-cost synthetic alternates.
In December 2021, Sirius Plastik acquired PIA Akrilik from Plaskolite Inc., which was used to manufacture engineering profile products and thermoplastic sheets.
Growth of the construction and building sector
In August 2022, Amari Plastics launched new sustainable material
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.