Global Acrylic Solid Surface Market, By Product Type (Casting Molding Solid Surface, and Extrusion Molding Solid Surface), Application (Commercial, and Residential) - Industry Trends and Forecast to 2030.
Acrylic Solid Surface Market Analysis and Size
Increase in the use of aesthetically appealing designs with various colours and shapes to beautify homes is the vital factor escalating the market growth, also rise in the rapid urbanization in non-residential units such as corporate offices, public toilets, malls and shopping complexes, hospitals, and schools and rise in the industrialization in some parts of the world are the major factors among others driving the global acrylic solid surface market.
Data Bridge Market Research analyses that the global acrylic solid surface market which was USD 2.86 billion in 2022, is expected to reach USD 3.78 billion by 2030, and is expected to undergo a CAGR of 3.55% during the forecast period of 2023 to 2030.
“Casting Molding Solid Surface” dominates the product type segment of the acrylic solid surface market as they are manufactured using a casting process allowing for greater design flexibility and customization. It can be formed into various shapes, sizes, and textures, making it suitable for both commercial and residential applications. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
Acrylic Solid Surface Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Kilo Tons, Pricing in USD
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Segments Covered
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Product Type (Casting Molding Solid Surface, and Extrusion Molding Solid Surface), Application (Commercial, and Residential)
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Countries Covered
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North America (U.S., Canada, and Mexico), South America (Brazil, Argentina, and Rest of South America), Europe (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC), Middle East and Africa (U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the rest of Middle East and Africa)
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Market Players Covered
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DuPont (U.S.), LG HAUSYS (South Korea), Hanwha Group (South Korea), LOTTE Chemical CORPORATION (South Korea), Durasein (China), ARISTECH SURFACES LLC (U.S.), Wilsonart LLC (U.S.), Guangzhou Gelandi New Material Co., Ltd (China), Guangdong Fusheng new materials (China), Kingkonree International China Surface Industrial Co., Ltd (China), SYSTEMPOOL (Spain), and Umiya Carbon Private Limited (India)
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Market Opportunities
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Market Definition
Acrylic solid surface is defined as a man-made material which is composed of alumina trihydrate (ATH), acrylic, epoxy resin or polyester resins and pigments. It is generally used in seamless countertop installations and can be heated and bent in three-dimensional shapes through a process known as thermoforming. It refers to a synthetic material commonly used in interior design and construction applications. It is a versatile material made from a blend of acrylic polymers, mineral fillers, and pigments. Acrylic Solid Surface is known for its durability, versatility, and aesthetic appeal.
Global Acrylic Solid Surface Market Dynamics
Drivers
- Increasing Demand from the Construction Industry
Acrylic solid surfaces are widely used in the construction industry for applications such as countertops, sinks, wall cladding, and furniture. The growing construction activities, particularly in residential and commercial sectors, are driving the demand for acrylic solid surfaces. These surfaces offer durability, aesthetics, and easy maintenance, making them a preferred choice for architects and designers.
- Rising Consumer Preference for Aesthetically Appealing Interiors
Acrylic solid surfaces provide a wide range of design possibilities and can mimic the look of natural materials like stone or marble. With increasing consumer focus on interior aesthetics, there is a growing demand for acrylic solid surfaces to create visually appealing spaces. These surfaces offer versatility in design, colors, and patterns, enabling customization according to individual preferences.
- Rapid Urbanization and Infrastructure Development
The global trend of urbanization and infrastructure development in emerging economies is contributing to the growth of the acrylic solid surface market. As cities expand, there is a need for durable and visually appealing surfaces in residential and commercial buildings, public spaces, and transportation infrastructure. Acrylic solid surfaces fulfil these requirements and are being widely adopted in urban development projects.
Restraints
- Availability of Substitutes
The market faces competition from alternative materials that offer similar aesthetics and functionalities at a lower cost. For example, laminate surfaces and quartz countertops can provide comparable durability and design options at a more affordable price point. The availability of these substitutes can divert potential customers away from acrylic solid surfaces, impacting the market growth negatively.
- Limited Heat Resistance and Scratch Resistance
While acrylic solid surfaces offer many benefits, they have limitations in terms of heat resistance and scratch resistance. Exposing these surfaces to high temperatures or placing hot objects directly on them can cause damage. Similarly, acrylic solid surfaces are prone to scratches and may require regular maintenance to keep them looking pristine. These limitations can deter some consumers from choosing acrylic solid surfaces, leading to a decline in market demand.
Opportunities
- Growing Demand in The Hospitality and Healthcare Sectors
The hospitality and healthcare sectors have specific requirements for hygienic, durable, and aesthetically pleasing surfaces. Acrylic solid surfaces meet these requirements, as they are non-porous, easy to clean, and resistant to bacteria and stains. The increasing focus on hygiene and cleanliness in these sectors, coupled with the need for visually appealing surfaces, is driving the demand for acrylic solid surfaces. This presents significant growth opportunities for the market.
- Advancements in Technology and Product Innovation
The market is witnessing continuous advancements in manufacturing processes, technology, and product innovation for acrylic solid surfaces. Manufacturers are developing new formulations, surface treatments, and finishes to enhance the performance, durability, and aesthetics of acrylic solid surfaces. These innovations are expanding the range of applications and improving the overall quality of the surfaces, attracting new customers and driving market growth.
Challenges
- Growing Environmental Concerns
While acrylic solid surfaces are considered eco-friendly compared to some other materials, there are concerns regarding their environmental impact. The manufacturing process of acrylic solid surfaces involves the use of petrochemicals, which are derived from non-renewable sources. Additionally, the disposal of acrylic solid surfaces at the end of their lifecycle can pose challenges for recycling and waste management. These environmental concerns may lead to a decline in demand as consumers increasingly prioritize sustainable materials.
- High Cost Compared to Alternative Materials
Acrylic solid surfaces tend to be relatively more expensive compared to other materials such as laminate, ceramic tiles, or natural stone. The higher cost can limit their adoption, especially in price-sensitive markets or for budget-conscious consumers. This price disparity can act as a barrier to market growth and lead to a decline in demand.
This global acrylic solid surface market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global acrylic solid surface market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In November 2022, Solvay launched Reactsurf 2490, a new APE-free polymerizable surfactant specifically designed as a primary emulsifier for acrylic, vinyl-acrylic, and styrene-acrylic latex systems. This innovative surfactant offers enhanced emulsion performance, delivering superior functional and aesthetic benefits in exterior coatings and pressure sensitive adhesives (PSAs). Reactsurf 2490 outperforms conventional surfactants, even at high temperatures, and effectively addresses common challenges such as dirt pick-up and water whitening. It prevents surfactant leaching, which can lead to issues like water marks and dirt accumulation on exterior coatings, and water whitening in PSAs.
Global Acrylic Solid Surface Market Scope
The global acrylic solid surface market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Casting Molding Solid Surface
- Extrusion Molding Solid Surface
Application
- Commercial
- Residential
Global Acrylic Solid Surface Market Regional Analysis/Insights
The global acrylic solid surface market is analysed and market size insights and trends are provided by type and application and are referenced above.
The countries covered in the acrylic solid surface market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa in Middle East and Africa.
North America dominates the global acrylic solid surface market and is expected to be the fastest growing market during the forecast period of 2023 to 2030 owing to the large presence of key market players along with increasing construction activities in both the residential and commercial sectors in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Acrylic Solid Surface Market Share Analysis
The global acrylic solid surface market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global acrylic solid surface market.
Some of the major players operating in the global acrylic solid surface market are:
- DuPont (U.S.)
- LG HAUSYS (South Korea)
- Hanwha Group (South Korea)
- LOTTE Chemical CORPORATION (South Korea)
- Durasein (China)
- ARISTECH SURFACES LLC (U.S.)
- Wilsonart LLC (U.S.)
- Guangzhou Gelandi New Material Co., Ltd (China)
- Guangdong Fusheng new materials (China)
- Kingkonree International China Surface Industrial Co., Ltd (China)
- SYSTEMPOOL (Spain)
- Umiya Carbon Private Limited (India)
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