Extruded Acrylic Sheets Market: Overview
- Extruded acrylic sheets are manufactured through the continuous production method. Extruded acrylic sheets are more cost effective and malleable than cast acrylic; as a result, they are preferred for general fabrication. Additionally, these sheets are dimensionally stable with consistent thickness across sheets.
- Extruded acrylic sheets are available in a wide range of thicknesses and sheet sizes. Major types of extruded acrylic sheets include transparent, semitransparent, and colored sheets. Extruded acrylic sheets offer resistance to cold, heat, humidity, and sunlight.
- Extruded acrylic sheets are about half the weight of glass. They are moisture resistant. Transparent extruded acrylic sheets are clearer than glass and maintain original color and appearance. Extruded acrylic sheets possess various properties such as flexibility, thermoformability, and UV resistance.
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- Extruded acrylic sheets are ideal for shed and garage window installation, greenhouse glazing, and various indoor applications
Rise in Demand for Refractories to Drive Global Extruded Acrylic Sheets Market
- Rise in demand for building & construction materials is expected to propel the demand for extruded acrylic sheets during the forecast period
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- Increase in construction activities in Asia Pacific and Europe is significantly augmenting the demand for general fabrication, thus driving the consumption of extruded acrylic sheets
- Availability of low-cost synthetic substitutes is one of the major factors hampering the global extruded acrylic sheets market. Volatility in prices of raw materials is also estimated to adversely affect the market in the near future.
- The global extruded acrylic sheets market is facing supply-demand shortages due to the industrial shutdown triggered by the COVID 19 pandemic. Disruption in supply of raw materials is projected to hamper full-scale operations. Supply shortage also raises the prices of raw materials. Affected downstream supply chain might take longer to recover. The industrial shutdown has also adversely impacted product and inventory transportation, as logistic services have been hampered.
Transparent Extruded Acrylic Sheet Product Type Segment to Offer Lucrative Opportunities
- Based on product type, the global extruded acrylic sheets market can be segmented into transparent extruded acrylic sheet, semitransparent extruded acrylic sheet, and color extruded acrylic sheet
- The transparent extruded acrylic sheet segment is anticipated to dominate the market during the forecast period. It is likely to be followed by semitransparent extruded acrylic sheet segment.
Building & Construction Application Segment to Hold Major Share of Global Market
- Based on application, the extruded acrylic sheets market can be divided into automotive & transport, building & construction, light & signage, and others
- The building & construction segment is expected to dominate the global extruded acrylic sheets market during the forecast period. Growth in industrial and residential construction is expected to drive the demand for extruded acrylic sheets in the building & construction segment during the forecast period.
- The automotive & transport segment is anticipated to offer significant growth opportunities during the forecast period owing to expansion in the automotive industry in developing regions such as Asia Pacific and Latin America
Asia Pacific to Constitute Significant Share of Global Extruded Acrylic Sheets Market
- In terms of region, the global extruded acrylic sheets market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific dominated the global market in 2019, led by the presence of key manufacturers as well as consumers in the region
- Expansion of the building & construction sector in Asia Pacific is likely to boost the extruded acrylic sheets market in the region in the near future
- North America is also estimated to hold vital share of the global extruded acrylic sheets market during the forecast period
- Growth of the market in Europe can be ascribed to the rise in construction activities in Eastern Europe. Additionally, presence of large numbers of automotive manufacturers in Germany and France is boosting the demand for extruded acrylic sheets in Europe.
Key Players in Global Extruded Acrylic Sheets Market
The global extruded acrylic sheets market is fragmented, with the presence of several regional and global manufacturers. Prominent players operating in the market are adopting different strategies such as acquisition, product launch, and mergers to maintain their leading position. Key players are investing in the technological developments in order to maintain their leading position.
Major players operating in the global extruded acrylic sheets market include:
- Evonik
- Mitsubishi Rayon
- Altuglas (Arkema)
- Polycasa
- Plaskolite
- Plas-Tech Inc.
- Taixing Donchamp
- Unigel Group
- Jiangxi Oulida
- Jumei
- Jiushixing
- Guang Shun Plastic
- Shen Chuen Acrylic
- Raychung Acrylic
- Asia Poly
- Elastin
- GARY Acrylic Xishun
