Global Acrylic Sheets Market by Manufacturers, Countries, Type and Application, Forecast to 2023
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In terms of revenue, the global Acrylic Sheet market was valued 5.2 Billion USD in 2017, and is estimated to be worth 7.45 Billion USD by 2024. In terms of consumption, the Acrylic Sheet were 1.01 million MT in 2017. And it is anticipated to reach 1.49 million MT by 2024.
Acrylic Sheet have a high concentration. The top six companies account for more than 45.92% of market share. Evonik, Mitsubishi Rayon, Altuglas (Arkema), Plaskolite, Taixing Donchamp and Polycasa are the tycoons of Acrylic Sheet. Evonik is the largest manufacturer, with the market share of 14.63% in 2017.
Compared with international leading players, Chinese domestic manufacturers still have certain gap, both in the product performance and market share. As the development of China economic and technology, China will have good products like overseas manufacturers.
Building and Construction accounted for the largest market with about 27.77% of the global consumption volume for Acrylic Sheet in 2017. Moreover, it is anticipated to grow at a CAGR of 4.10% from 2017 to 2024. With over 24.04% share in the Acrylic Sheet market, Light and Signage was the second largest application market in 2017, and is anticipated to grow at a CAGR of 5.64%, in terms of consumption volume, from 2017 to 2024.
In summary, we tend to believe this industry is a promising industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.