The Europe acrylic sheet market size is expected to reach USD 3.31 billion by 2030, expanding at a CAGR of 6.9% from 2023 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.
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The extruded segment accounted for the largest revenue share of 56.8% in 2022, owing to the comparatively low costs and operational simplicity associated with the process
The product demand in the visual communication & retail segment is expected to grow at a CAGR of 7.4% over the forecast period in terms of revenue., primarily due to the increasing product usage in signage applications for exhibitions, sports events, retail marketing, and advertising
The product witnessed highest demand in Germany in 2022, accounting for a share of nearly 29.3%, on account of high consumption in key applications such as architecture & construction and visual communication & retail
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
Grand View Research has segmented the Europe acrylic sheet market based on technology, application, and region:
Europe Acrylic Sheet Technology Outlook (Volume in 000’ Sq Meters, Revenue in USD Million, 2018 - 2030)
Cell Cast
Extruded
Continuous Cast
Europe Acrylic Sheet Application Outlook (Volume in 000’ Sq Meters, Revenue in USD Million, 2018 - 2030)
Architecture & Construction
Furniture & Design
Automotive & Transportation
Visual Comm. & Retail
Electronics & Energy
Medical
Sanitary
Others
Europe Acrylic Sheet Regional Outlook (Volume in 000’ Sq Meters, Revenue in USD Million, 2018 - 2030)
Europe
U.K.
Germany
France
Italy
Spain
Russia
ROEU
List of Key Players in Europe Acrylic Sheet Market
Altuglas International
Evonik Industries
Lucite International
Aristech Acrylics LLC.
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