About Acrylic Products
Acrylic is a transparent plastic that has extended widespread use because of its ability to replace the glass. In everyday products, it is specifically used for signs, sales displays, roof windows, and screens. But also for demanding constructions such as windows in submarines and fiber optics in the flat-screen TV's. There are no plastics with superior light transmission, which even let more light pass through than glass. Most of the award products manufactured for the recognition and identification industry are made from cast acrylic sheets.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Acrylic Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Evonik (Germany), Mitsubishi Rayon (United States), Polycasa (Germany), Plaskolite (United States), Taixing Donchamp (China), Unigel Group (Brazil), Donchamp (China), Jumei (China), Guang Shun Plastic (China), Raychung Acrylic (Taiwan) and Asia Poly (Malaysia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Elastin International Corp. (Taiwan) and Shen Chuen Acrylic (China).
Segmentation Overview
AMA Research has segmented the market of Global Acrylic Products market by Type (Extruded Acrylic and Cast Acrylic), Application (Automotive and Transport, Building and Construction, Light and Signage and Others) and Region.
On the basis of geography, the market of Acrylic Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product, the sub-segment i.e. Sheets will boost the Acrylic Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Innovations for Sustainable Production of Acrylic Product by Reducing the Effect on the Environment
Market Growth Drivers:
Demand in Applications of Blending and Increasing Demand for Its Use in Various Applications
Challenges:
Availability of Substitute like Polyester
Restraints:
Stringent Government Regulations Related To the Production of Acrylic Products
Opportunities:
Online Purchasing Has Driven the Production of Acrylic Fiber
Market Leaders and their expansionary development strategies
In September 2023, Mitsubishi Chemical announced a partnership with Evonik, a leading German specialty chemicals company, to develop new and sustainable acrylic production processes. The partnership will focus on reducing the environmental impact of acrylic production, such as by using renewable energy sources and developing new recycling technologies.
In October 2023, Eastman Chemical Company announced the launch of its new Eastman Tritan™ GX-70 acrylic resin, designed for use in a wide range of durable, clear applications, including consumer electronics, appliances, and sporting goods. The new resin offers superior clarity, impact resistance, and scratch resistance, making it ideal for products that require both durability and aesthetics. | Eastman Chemical Company press release
Key Target Audience
Manufacturers of Acrylic Products, Suppliers of Acrylic Products, Wholesalers, Distributors and Retailers of Acrylic Products, Construction Industry, Automobile Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.