In-Depth Analysis and Future Development Trend Forecast Report of China’s Acrylic Market in 2024

In-Depth Analysis and Future Development Trend Forecast Report of China’s Acrylic Market in 2024

The acrylic industry, driven by technological innovation, environmental policies, and increasing market demand, will continue to grow steadily. The industry concentration is high, with leading companies holding a significant market share, while small and medium-sized enterprises maintain competitiveness through differentiation. Chinese acrylic enterprises also have a certain competitive edge in the global market but face many challenges. In the future, the acrylic industry needs to pay attention to changes in market trends and consumer demands, strengthen technological innovation and brand building, improve product quality and added value, to meet market challenges and seize development opportunities.

Trends in the Acrylic Industry

Technological Innovation:

Technological innovation is an important driving force for the development of the acrylic industry. In the future, with the continuous emergence of new materials and processes, the performance of acrylic products will be further enhanced, and their application fields will be broadened.

The application of digital design and intelligent production equipment will increase production efficiency and reduce costs, promoting industrial upgrading.

Environmental Policy Drive:

As environmental regulations become stricter and consumer demand for eco-friendly products increases, the acrylic industry will pay more attention to green production and sustainable development.

The push from environmental policies will encourage the acrylic industry to develop in a more environmentally friendly and low-carbon direction, such as developing recyclable and degradable acrylic materials.

Market Demand Growth:

The recovery of the global economy and the increase in consumer demand will continue to drive the growth of the acrylic industry market size.

Especially in the fields of construction, home furnishings, and advertising, the demand for acrylic products will continue to increase, bringing broad development opportunities for the acrylic industry.

Changes in the Acrylic Market

Market Size:

According to a report released by the China Research Institute, the market size of China’s acrylic industry has reached about 25 billion yuan in 2023 and is expected to continue to grow steadily in the coming years.

In the global market, by 2023, the global acrylic market size has reached 26.33 billion US dollars, with the Chinese market accounting for more than 42.7% of the market share.

Growth Rate:

China’s acrylic market size has maintained steady growth in recent years, thanks to its widespread application in various fields and the increase in consumer demand.

The growth rate of the global acrylic market size also shows a stable trend, and it is expected to continue to grow in the coming years.

Consumer Trends:

Consumer demand for high-quality, eco-friendly, and personalized acrylic products is increasing, promoting the industry to develop towards high-end, intelligent, and green directions.

In construction, home furnishings, and advertising fields, acrylic products are favored by consumers for their excellent performance and aesthetic appearance.

Competitive Landscape Analysis of Acrylic Industry

High Industry Concentration:

The concentration of China’s acrylic industry is high, with leading companies leveraging brand advantages, technology research and development, and the synergy of large-scale production to hold a significant market share.

Large enterprises such as Diyak, Acrylic Treasure, and AVIC Special Plastics lead in market share with stable production capacity and high-quality product quality.

Differentiated Competition of Small and Medium Enterprises:

There are many small and medium-sized enterprises that maintain a certain competitive advantage in specific market regions and sub-segments through differentiated products and services.

These enterprises focus on product innovation and market expansion, striving to enhance their market competitiveness.

Intense International Market Competition:

The global acrylic market is highly competitive, with major suppliers including Mitsubishi Chemical Corporation, Kaneka, Sumitomo Chemical, and other well-known enterprises.

Chinese acrylic enterprises also have a certain competitive edge in the international market but face challenges such as international trade barriers and technical barriers.

Analysis from the China Research Institute’s Report “2024-2029 China Acrylic Industry Market In-Depth Analysis and Development Prospects Forecast Report”

2024 In-Depth Analysis and Future Development Trend Forecast Report of China’s Acrylic Market Sub-segments

Market Size and Growth:

In 2023, the market size of China’s acrylic industry has reached about 25 billion yuan, and it is expected to continue to grow steadily in the coming years. This growth is mainly due to the global economic recovery, increased consumer demand, and technological progress that enhances product performance.

China is one of the world’s largest producers and exporters of acrylic, with an annual output of millions of tons, accounting for a significant share of the global market.

Application Fields and Market Share:

Construction Field: Accounts for about 30% of China’s acrylic market share, including building exterior walls, roofs, skylights, windows, partitions, display stands, etc.

Advertising Field: Accounts for about 25% of the market share, such as acrylic billboards, display stands, and other products.

Medical Field: Accounts for about 10% of the market share, widely used in medical equipment, surgical instruments, and corrective devices.

Other Fields: Including home, electronics, automotive, and other fields, collectively accounting for the remaining 45% of China’s acrylic market share.

Competitive Landscape:

There are many manufacturers in China’s acrylic industry, but the industry concentration is high. Some large enterprises, such as Diyak, Acrylic Treasure, and AVIC Special Plastics, hold a significant market share with brand advantages, technology research and development, and large-scale production.

Many small and medium-sized enterprises maintain a certain competitive advantage in specific market regions and sub-segments through differentiated products and services.

Future Development Trend Forecast

Technological Innovation and Product Upgrade:

The continuous emergence of new materials and processes will further enhance the performance of acrylic products and broaden their application fields.

The application of digital design and intelligent production equipment will increase production efficiency and reduce costs, promoting industrial upgrading.

Environmental and Sustainable Development:

With the enhancement of environmental awareness and policy promotion, environmental protection and sustainable development have become important trends in the acrylic industry. Enterprises need to continuously improve production processes and product performance to meet the requirements of environmental regulations and policies, achieving sustainable development.

Market Demand Growth:

With the recovery of the global economy and the increase in consumer demand, the market size of the acrylic industry will continue to grow. Especially in the fields of construction, home furnishings, and advertising, the demand for acrylic products will continue to increase, bringing broad development opportunities for the acrylic industry.

Internationalization Process:

Chinese acrylic enterprises will pay more attention to the development of international markets and brand building, enhancing international competitiveness. At the same time, they will actively introduce foreign advanced technology and management experience to promote the transformation and upgrading of the entire industry.

The current status of China’s acrylic market is good, and the future development prospects are broad. With the continuous advancement of technological innovation, the sustained growth of market demand, and the promotion of environmental protection and sustainable development policies, the acrylic industry will usher in a broader development space. However, enterprises also need to closely monitor market changes and policy dynamics, strengthen technological innovation and brand building to meet market challenges and seize development opportunities. Investors should focus on areas showing strong growth potential, such as the demand for eco-friendly acrylic sheets and high-performance acrylic sheets, which is expected to continue to grow. At the same time, invest in enterprises with strong R&D capabilities, solid financial conditions, and flexible supply chain management to diversify risks and seize more opportunities.