Europe Acrylic Sheet Market Size To Hit USD 3.31 Billion By 2030


 San Francisco, 25 Sep 2024: The Report Europe Acrylic Sheet Market Size, Share & Trends Analysis Report By Technology (Cell Cast, Extruded), By Application (Architecture & Construction, Furniture & Design), By Region, And Segment Forecasts, 2024 - 2030

The Europe acrylic sheet market size is expected to reach USD 3.31 billion by 2030, registering a CAGR of 7.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rapid growth of the furniture industry in the region has been a major factor driving market growth. In addition, increasing application scope of the product in the automotive and transportation industry is slated to have positive impacts on the overall market growth over the projected period.

The increasing use of acrylic sheets in furniture and interior designing applications, such as modular kitchen panels, wardrobes, TV panels, and wall separators, in residential and commercial buildings is expected to drive the product demand significantly during the forecast period.

The use of acrylic sheets in automobiles for windows, rear-view mirrors, and lighting applications is expected to increase on account of improved light diffusion, optical clarity, and lightweight properties of the product. The rapid growth of the automotive industry in key economies such as Germany, France, and Spain, is expected to drive product demand over the coming years.

The industry is expected to grow at a CAGR of 5.2% in the furniture & design application owing to the increasing use of the product for enhancement of structural aesthetics. The presence of key industry players such as Ikea, with wide ranges of acrylic kitchen and home decor solutions, is expected to drive the overall industry demand over the forecast period.

Access Research Report of Europe Acrylic Sheet Market @ https://www.grandviewresearch.com/industry-analysis/europe-acrylic-sheet-market

Europe Acrylic Sheet Market Report Highlights

  • The extruded segment dominated the market and accounted for a share of 57.0% in 2023, owing to the comparatively low costs and operational simplicity associated with the process
  • The architecture and construction segment dominated the market in 2023. Acrylic sheets are gaining popularity in the construction industry owing to their remarkable versatility, aesthetics, and performance attributes.
  • The furniture and design segment is anticipated to witness the fastest CAGR during the forecast period, owing to rapid urbanization.
  • The Germany acrylic sheet market dominated the Europe region and accounted for a revenue share of 29.5% in 2023.
  • The key strategies adopted by the industry players include distribution agreements and acquisitions. For instance, Polycasa Group was acquired by Schweiter Technologies, under 3A Composites, for product expansion in the visual communication & retail space

Europe Acrylic Sheet Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 2.21 billion

Revenue forecast in 2030

USD 3.31 billion

Growth Rate

CAGR of 7.0% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the Europe Acrylic Sheet Market

  • Altuglas International
  • Evonik Industries AG
  • Mitsubishi Chemical Corporation
  • 3A Composites GmbH
  • Lucite International
  • Schweiter Technologies AG
  • Madreperla S.p.A.
  • PyraSied Xtreme Acrylic
  • Perspex International Ltd.
  • Aristech Surfaces LLC (Trinseo)

Access Press Release of Europe Acrylic Sheet Market @ https://www.grandviewresearch.com/press-release/europe-acrylic-sheet-market-analysis

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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