Europe Acrylic Sheet Market Analysis
The Europe acrylic sheet market size was estimated at USD 1.41 billion in 2016. The increasing penetration of the product in applications such as signage and sanitary ware is expected to have significant impacts on the market growth.
The superior properties of acrylic sheets, mainly as a replacement for glass panels, renders the product very useful for several functions in the architecture & construction industry. Furthermore, increasing demand for infrastructure development as well as residential construction in the region is expected to propel growth over the forecast period.
UK acrylic sheet market by technology, 2014 - 2025 (USD Million)
The growing need for commercial construction, most notably in countries such as Germany, France, Russia, and Spain, is expected to have positive impacts on industry growth, mainly on account of the increasing use of the product with the objective of enhancing structural aesthetics.
The key raw materials applied in the manufacturing of acrylic plastics include the derivatives of acrylic acid, such as methacrylic acid and polyacrylic acid. The European industry is characterized by the presence of large and medium-sized raw materials suppliers offering a vast range of specialty chemicals for the manufacture of acrylic plastics.
The raw materials are derived from gasoline and other refinery byproducts and are subject to price fluctuations, which directly impact the production cost and product pricing. As a result, the prices of these materials witness significant variations, which may impact the growth of the industry over the forecast period.
The region has been witnessing an increasing use of noise barrier and vibration control materials in cars and an increase in automobile production. This trend is expected to benefit the overall industry growth over the coming years. Furthermore, replacement of glass with acrylic sheets in furniture, designing, POS & retail, and medical applications is expected to drive product demand.