Global Acrylic Solid Surface Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Acrylic Solid Surface Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Acrylic solid surface is a man-made material usually composed of a combination of marble dust, bauxite, acrylic, epoxy or polyester resins and pigments. It is most frequently used for seamless countertop installations. Solid Surface Top Seamless Integral Kitchen Sink, Integral Cove Slash with Wall Panel. Solid surface was first introduced by DuPont in 1967 under the name of Corian.

Market Overview:

The latest research study on the global Acrylic Solid Surface market finds that the global Acrylic Solid Surface market reached a value of USD 1984.41 million in 2022. It’s expected that the market will achieve USD 2687.66 million by 2028, exhibiting a CAGR of 5.19% during the forecast period.

Construction sector

Acrylic solid surface growth will be driven by strong growth in construction activity, further market penetration into countertops, sinks, etc., and consumer upgrades to higher-priced solid surfaces and engineered stone. In addition to being machinable like hardwood, Acrylic solid surface can be heated and thermoformed into curved and molded shapes. It can also use dye-sublimation technology to deposit ink under the surface, making the image permanent. Acrylic solid surface is safe for residential and commercial applications because it is non-porous, antimicrobial and does not support bacterial growth. It is suitable for a variety of commercial uses and healthcare facilities such as restaurants, hospitals, doctor's offices, gyms, hospice and nursing homes. In addition, benefiting from a good industrial policy environment, acrylic solid surface material is conducive to environmental protection and energy saving. This will benefit the growth of the market.

Alternative materials such as granite, marble, quartz may dampen demand for Acrylic solid surface

Alternative materials such as granite, marble, and quartz are likely to negatively impact the market growth. There are many different types of materials on the market for countertops, including granite, marble, quartz and slate as well as man-made materials such as acrylic and polyester solid surfaces. Due to its durability and desirable aesthetic appearance, granite is very popular among home and building construction contractors. The decline in the average price of granite over the past decade has made the material available to more people. The use of countertop laminates is also expected to increase in the near future. Due to its good properties and reasonable price, granite material remains popular, especially for budget-conscious consumers. These factors are expected to hinder the demand for acrylic solid surfaces for countertops.

Region Overview:

Geographically, North America held the largest market share -- 34.82% in 2022.

Company Overview:

Dupont is one of the major players operating in the Acrylic Solid Surface market, holding a share of 14.3% in 2022.

Dupont

DuPont provides technology-based materials, ingredients and solutions. The Company offers its products and solutions through three segments: Electronics and Imaging, Safety and Construction, and Transportation and Industrial. The Electronics and Imaging business is a global supplier of differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries. The Transportation and Industrial business provides high-performance engineering resins, adhesives, silicones, lubricants and parts to engineers and designers in the transportation, electronics, healthcare, industrial and consumer end-markets to enable systems solutions for demanding applications and environments. The Safety and Construction business provides engineered products and integrated systems.

Lotte

Lotte Chemical is a Korea-based company mainly engaged in the production and sale of chemical products. The Company operates its business through four segments. The Polymer segment is involved in the manufacturing and sale of raw materials of plastics, home appliances and automobiles. The main polymer products include high-density polyethylene, polypropylene, low-density polyethylene, polyethylene terephthalate, among others. The Monomer segment is involved in the manufacturing and sale of raw materials of processed petrochemicals such as styrene monomer, butadiene, ethylenesic acid duct, ethylene oxide glycol. The Basic Chemical segment is involved in the manufacturing and sale of raw materials such as ethane, propylene, benzene, and toluene. The Other segment is engaged in the real estate leasing, as well as the provision of dispatch services.

Segmentation Overview:

By type, Cast Sheet segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Residential, with a market share of 56.72% in 2022.

Key Companies in the global Acrylic Solid Surface market covered in Chapter 3:

Lotte
Aristech
Swan Surfaces
Wilson Art
Lion chemtech
Hanwha
Monerte
LG
Systempool SA
Relang
Dupont
KingKonree

In Chapter 4 and Chapter 14.2, on the basis of types, the Acrylic Solid Surface market from 2018 to 2029 is primarily split into:

Cast Sheet
Cast Shapes
Extruded Sheet

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Acrylic Solid Surface market from 2018 to 2029 covers:

Commercial
Industrial
Residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)