PUBLISHER: Grand View Research | PRODUCT CODE: 1571474
PUBLISHER: Grand View Research | PRODUCT CODE: 1571474
The Europe acrylic sheet market size is expected to reach USD 3.31 billion by 2030, registering a CAGR of 7.0% from 2024 to 2030, 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.