Global and Chinese Acrylic Products Market Status and Future Trends

Acrylic, also known as PMMA or Plexiglas, from the English acrylic (acrylic plastic), the chemical name for polymethyl methacrylate. Is an important plastic polymer material developed earlier, with good transparency, chemical stability and weather resistance, easy to color, easy to process, beautiful appearance, people commonly seen acrylic products are made of acrylic granules, sheets or resins and other raw materials through a variety of different processing methods, and with a variety of different materials and functions of the spare parts to be assembled into the acrylic products. The acrylic products covered in this report are mainly acrylic sheets.

Analysis of the current situation of the acrylic products industry in the late 1930s, acrylic began to carry out large-scale production, and its first used in aircraft windshields, tanks, vision mirrors, etc. In 1948, the birth of the world’s first acrylic bathtubs, marking the application of acrylic has entered a new milestone. With the development of acrylic sanitary ware production process, acrylic application range gradually expanded to the toilet, bathroom cabinet and other sanitary ware products in the field, the acrylic bathtub has become the mainstream of the global bathtub products. 20 century early 90’s, our country began to produce acrylic bathtubs, followed by the expansion of acrylic sanitary ware products to the toilet, bathroom cabinets, shower rooms, and so on. With the advancement of science and technology, production technology and further development of the production process, the wider the scope of application of acrylic sheet, in addition to the field of sanitary ware, but also widely used in the decoration of craftsmen, home decorative gifts, machinery and instruments, optical and other industries, such as acrylic photo frames, acrylic refrigerator magnets, acrylic desktop decorations, acrylic keychains, acrylic paperweights and so on, in recent years, with the PMMA modification and Composite material technology advances, PMMA in medical polymer materials, optical display materials, plastic optical fiber and other aspects of the application has been expanded, the development prospects are broad.

Acrylic product development trend of the future acrylic sheet industry has a good development prospects, the continuous expansion of the market scale, the downstream market demand continues to be strong, will continue to drive the industry’s production capacity increase, the number of enterprises and the size of the enterprise is also gradually increasing. The industry will also maintain a faster development trend in the future, and the overall quality of the industry continues to improve.

Acrylic sheet has been more and more widely used, manufacturers are also more and more, especially the casting plate investment can be more or less, simple production process, the production of a diverse range of panels and get rapid development.

So from the present point of view, the future development of acrylic products to focus on the following three major directions:
(1) the direction of development of acrylic products is first of all intelligent:
The traditional way of producing acrylic products to change. Conventional acrylic products, whether from the processing function, precision or processing efficiency, simply can not guarantee that today’s high-tech intelligent acrylic products production requirements. Development of intelligent door and window equipment suitable for modern intelligent acrylic products production needs, is the need for the development of the acrylic products industry at this stage.
(2) from intelligent to assembly line is the future development of acrylic products trend:
Modern acrylic products production in the future is highly intelligent, intensive, digital, through the centralized centralized control system so that all aspects of the production of doors and windows to achieve interconnectivity, covering manpower, material resources, warehousing, logistics, equipment, design and so on. Through the addition of robots to achieve the production of acrylic products production line production methods, to achieve the production of acrylic products “unmanned”, which is the main direction of the future development of acrylic products.
(3) the development of acrylic products to adapt to the needs of customer personalization: the development of acrylic products to adapt to the needs of customer personalization is a sign of the true maturity of the acrylic products industry. Custom acrylic photo frames, acrylic paperweights, acrylic keychains, etc. is Shanli Crafts Factory is very good at, of course, in the advent of the Internet + era allows customers to personalize the needs of individualized and personalized service solutions to be fully realized, door and window equipment through the Internet +, to achieve breakthroughs in providing customers with personalized solutions, in order to win the customers and the market in the future. Thus forcing a technological revolution in the equipment industry.

Global Acrylic Products Overall Size Analysis Acrylic products are now readily visible in our daily lives, and the global acrylic products market sales reached USD 2.86 billion in 2021, and is expected to reach USD 4.25 billion by 2028, at a compound annual growth rate (CAGR) of 5.33% (2022-2028)

The production of acrylic products increased from nearly 700,000 tons in 2017 to nearly 1.3 million tons in 2028. China, the largest producer, produced 430,000 tons of acrylic products in 2021, accounting for about 48% of the global production.

Currently the world’s major manufacturers, including Mitsubishi Chemical, Sheng Xi Ao, Schweiter Technologies, Plaskolite, Zhenjiang Chimei, Xintao Acrylic, Dio Home Furnishings, etc., the market is relatively decentralized, in 2021 the global share of the top five vendors accounted for about 37% of the Shanli Crafts Factory has opted to use Zhenjiang Chimei’s materials.
Acrylic products can be divided into acrylic extrusion plate and acrylic casting plate, of which, the acrylic extrusion plate price is lower, suitable for a single species, high-volume production, the market share is higher, in 2021, the sales of nearly 48 tons, accounting for 54% of the total consumption. Acrylic casting plate process performance is high, suitable for a variety of processes, no crystal point on the surface, relatively high transparency, the price is also more expensive, is expected to be higher than the future growth rate of acrylic extrusion plate, to achieve a higher market share.
According to the application, it can be divided into traffic and transportation, building construction, signage and so on. Building construction is currently the most widely used in the acrylic products market, occupying 40% of the consumer market share in 2021, it is expected that acrylic products for building construction will continue to be a market growth point in the future.
In recent years, with the construction of major cities, hotels, guest houses and senior housing, China’s rapid development of architectural lighting body, made of plexiglass acrylic (acrylic) extruded panels made of light body, with high overall structural strength, light weight, high light transmission, high safety performance, and other special advantages, compared with the inorganic glass lighting illumination, has a great deal of superiority. In sanitary ware, due to the plexiglass acrylic bathtub has a luxurious appearance, a sense of depth, easy to clean, high strength, light weight and comfortable to use and other characteristics, in recent years has been widely used. With the increasing improvement of China’s building regulations, acrylic will certainly show strong competitiveness in more applications. Acrylic sheet industry depends on the development of downstream industries, therefore, the government, policy trends should be strengthened understanding, otherwise it will bring great obstacles to new entrants. At the same time, increased market competition will prompt the government to introduce appropriate policies to promote the development of acrylic sheet industry scale, which will bring some challenges to some of the weaker new entrants.
Extended Report: [2022-2028 Global and Chinese Acrylic Products Industry Research and 14th Five-Year Plan Analysis Report] studies the global and Chinese market capacity, production, sales, sales, price and future trend of Acrylic Products. Focuses on the key global and Chinese manufacturers, to analyze the product characteristics, product specifications, price, sales, sales revenue and market share of key global and Chinese manufacturers. The historical data is from 2017 to 2021 and the forecast data is from 2022 to 2028.

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