Transparent Acrylic Will Grow at Highest Pace Owing to
Rising Demand From Construction Industry
Transparent acrylic, also known as polymethyl methacrylate
(PMMA), is a clear plastic material that is lightweight and easily fabricated.
It is used in a variety of applications such as signage, lighting, facades and
interiors due to its qualities of being scratch and wear resistant.
The transparent
acrylic market is estimated to be valued at USD 1.71 Bn in 2024. The market is
expected to reach USD 3.08 Bn by 2031, exhibiting a compound annual growth rate
(CAGR) of 7.7% from 2024 to 2031.
Key takeaways
Key players operating in the transparent acrylic market are T&T Plastic
Land, Zhejiang Xinhai Acrylic Sheet Manufacturing Co., Ltd., Jinan Premium
Plastic Co.,Ltd., Shivana Polymers, and Ray Chung Acrylic Enterprise Co., Ltd.
Second paragraph is talking about the key growing demand in market and
technological advancement of market. The increasing construction of commercial
buildings and infrastructure development projects are majorly driving the
demand for transparent acrylic in various end use industries such as
automotive, construction, consumer goods etc. In addition, the advancement in
technologies such as introduction of higher strength to weight ratio acrylics
is further augmenting the market growth.
Market trends
The increasing adoption of energy efficient and eco-friendly materials in
construction is a major trend observed in the
Transparent
Acrylic Market Demand . Acrylic materials meet sustainability criteria
as they are 100% recyclable at the end of life. Another trend is the rising
popularity of customized and multi-functional acrylic shapes and sizes to match
requirements of various end use industries.