The Europe Acrylic Sheet Market is
expected to reach USD 1.97 billion by 2025, 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.
To Request for Sample Copy of this report: http://www.grandviewresearch.com/industry-analysis/europe-acrylic-sheet-market
Further key findings from the report suggest:
- The Europe acrylic sheet market revenue surpassed USD 1,400 million in 2016 and is expected to grow significantly during the forecast period, mainly on account of increasing use of the product in furniture and interior decor applications in the region
- Among technologies, the extruded segment is expected to grow at a CAGR of 4.2% during the forecast period, 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 significantly from USD 313 million in 2016, 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 2016, accounting for a share of nearly 30%, 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
Read Our Blog: http://www.grandviewresearch.com/blogs/bulk-chemicals
Grand View Research has segmented the Europe acrylic sheet market on the basis of technology, application, and region:
Technology Outlook (Volume, ‘000 Sq. Mtrs; Revenue, USD Million; 2014 - 2025)
- Cell Cast
- Extruded
- Continuous Cast
Application Outlook (Volume, ‘000 Sq. Mtrs; Revenue, USD Million; 2014 - 2025)
- Architecture & Construction
- Furniture & Design
- Automotive & Transportation
- Visual Communication & Retail
- Electronics & Energy
- Medical
- Sanitary
- Others
Regional Outlook (Volume, ‘000 Sq. Mtrs; Revenue, USD Million; 2014 - 2025)
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/europe-acrylic-sheet-market-analysis
About Grand View Research
Grand
View Research, Inc. is a 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. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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