Europe Acrylic Sheet Market Report and Forecast 2024-2032

Europe Acrylic Sheet Market Outlook

The Europe acrylic sheet market size reached approximately USD 2.07 billion in 2023. The market is estimated to grow at a CAGR of 6.6% in the forecast period of 2024-2032, reaching a value of around USD 3.70 billion by 2032.

Key Trends in the Market

Acrylic sheets, also known as acrylic glass, are thermoplastic sheets that are available in coloured, opaque, transparent, and tinted forms. They offer a lightweight and shatter-resistant alternative to glass and can be utilised for furnishing and agricultural purposes.

• The growing demand for extruded acrylic sheets, which offer superior clarity, durability, and weather resistance, is one of the prominent Europe acrylic sheet market trends. These sheets are available in a broad range of colours and thicknesses and are commonly used in signage and displays, interior designing, retail fixtures, and the production of medical equipment, among others.

• Due to the rising trend of sustainability, several manufacturers are offering eco-friendly acrylic sheets that are composed of recycled plastic materials. These sheets offer the attributes of standard acrylics while lowering the waste generated due to acrylic production.

• Increasing acquisition and merger activities by market players to expand their product portfolio also provides impetus to the Europe acrylic sheet market growth. For example, in December 2023, Arkema, a speciality material manufacturer, acquired Arc Building Products, an Irish-based building and construction products company, to expand its portfolio of high-end adhesives and speciality material products, including acrylic sheets, for use in sustainable construction solutions in Ireland.

Market Analysis

Based on type, the market is classified into cell cast acrylic sheets, extruded acrylic sheets, and cast acrylic sheets. The Europe acrylic sheet market segmentation, on the basis of application, includes automotive and transportation, electrical and electronics, healthcare and medical, construction and architecture, food and beverages, and sanitary ware, among others. Based on country, the market is classified into Germany, United Kingdom, France, and Italy, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe acrylic sheet market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Evonik Industries AG

• Arkema SA (Altuglas International)

• Mitsubishi Chemical Group Corporation

• 3A Composites Gmbh

• Aristech Surfaces LLC

• Madreperla S.p.A.

• Ruudra Ltd.

• Asia Poly Industrial Sdn Bhd

• Plaskolite Inc.

• Shanghai Gokai Industry Co. , Ltd.

• Others

Market Share by Application

The construction and architecture sector occupies a substantial portion of the Europe acrylic sheet market share, due to the growing usage of acrylic sheets in windows and doors for providing thermal insulation as well as noise reduction. They are also implemented in skylights to allow natural light to pass inside the house.

Furthermore, acrylic sheets find extensive applications in furniture such as tables, chairs, and cabinets to improve their aesthetic experience. These sheets can be easily cut and moulded into different shapes, which makes them suitable for several architectural purposes.

Market Share by Country

As per the Europe acrylic sheet market analysis, Germany accounts for a significant share of the European market, owing to the growing automotive sector in the country. Acrylic sheets offer durability and ease of moulding, which makes them suitable for custom car components such as exterior accessories or custom-designed windows.

France is also expected to witness sizeable growth in the upcoming years, due to the rise in construction projects in the country.

Competitive Landscape

Evonik Industries AG, established in 2007, is a speciality chemicals company, based in Essen, Germany. The company offers its products in the sectors of aerospace, agriculture, automotive, construction, and food, feed, and beverages, among others. The company consists of five business divisions and operates in over 100 countries across the world.

Arkema SA (Altuglas International) is a multinational speciality materials company, founded in 2004 and headquartered in Colombes, France. Its product range includes acrylics, amines, coating resins, fluorochemicals, glass coating, and plastic additives, among others. The company is actively working on reducing the consumption of natural resources such as energy and water as a part of its sustainability initiative.

Mitsubishi Chemical Group Corporation was incorporated in 2005, following a merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation. The company, headquartered in Tokyo, Japan, provides its solutions in sectors like chemicals, fibres and textiles, polymers, resins, and food materials, among others.

Other Europe acrylic sheet market players include 3A Composites Gmbh, Aristech Surfaces LLC, Madreperla S.p.A., Ruudra Ltd., Asia Poly Industrial Sdn Bhd, Plaskolite Inc., and Shanghai Gokai Industry Co,. Ltd., among others.

Key Highlights of the Report

Europe Acrylic Sheet Market Report Snapshots

Europe Acrylic Sheet Market Size

Europe Acrylic Sheet Market Trends

Europe Acrylic Sheet Market Analysis

Europe Acrylic Sheet Companies