Global Acrylic Solid Surface (Stone) Market Expected to Reach USD 2,576.1 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Acrylic Solid Surface (Stone) Market, By Application, By Distribution Channel, and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 1,575.0 million in 2022 and is expected to expand at a growth rate of 5.8% by 2031.

According to the Growth Market Reports, “The global acrylic solid surface market is anticipated to register significant growth during the forecast period, 2022-2031. Increasing demand from residential and commercial constructions is driving the market. The rise in industrial construction across the globe is supporting the market growth.

Acrylic solid surface is manufactured through a combination of alumina trihydrate (ATH), which acts as the filler, and acrylic resin, which acts as the binder. Particulates and pigments are added to give colors, visual textures, and patterns. The acrylic solid surface material is composed of acrylic polymer and alumina trihydrate (ATH).

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Acrylic solid surface is a low-maintenance material that is non-porous and commonly used for countertops. It imitates the appearance of natural materials, including marble, stone, and granite. Acrylic solid surface offers no visible seaming lines. One of the main advantages of acrylic solid surfaces is their impermeability. For example, sinks made of acrylic solid surface are joined to the countertop surface without any gaps, thus, eliminating the areas for water to collect to prevent the growth of bacteria.

It is easily cut, routed, and sanded similar to wood, and is used to create external cladding for buildings, shower walls, signage, countertops, and furniture. The non-porous surface of this material requires infrequent maintenance, making it highly valuable for a variety of applications.

Primary and secondary research methodology is used for keen observation and study of the global acrylic solid surface market. Primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information about the syndicated as well as consulting projects. Primary interviews are conducted with stakeholders across industry verticals at regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments. Validation of the estimated market size and current & future trends is done by the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned to understand the competitive scenario, details & developments, and the overall competitive landscape. Regional government and statistical databases are analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crisis of global interdependence and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Strict measures are required for monitoring the pandemic, which affected businesses and caused unanticipated short and long-term effects. Consequently, pandemics are problems for the individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 serves as an opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In the present scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, the reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

• Key market players include AKRILIKA COMPANY, Aristech Surfaces LLC, DuPont, Formica Corporation, HYUNDAI L&C, Knief&Co, KRION, LION CHEMTECH, LOTTE Chemical Corporation, LX Hausys, ROSSKOPF + PARTNER AG, and Wilsonart LLC.

• On the basis of application, the residential segment held a major market share. The use of acrylic solid surfaces in residential applications is driven by their ease of maintenance. They are non-porous, which makes them resistant to stains and bacteria. They are easily cleaned with soap and water, making them a suitable choice for kitchen and bathroom countertops.

• On the basis of the distribution channel, the wholesalers/distributors segment is expanding, as distributors and wholesalers often have better access to a wider range of products than manufacturers. They offer a variety of brands and products, which gives end-users wide options to choose from. Additionally, distributors and wholesalers offer competitive pricing.

• Based on region, the global acrylic solid surface market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

• The Europe market for acrylic solid surfaces is expected to hold a significant market share during the forecasted period. This is due to the large investments made by the government in construction development, along with the rising need for renovation or repair in several buildings in the region. Additionally, the burgeoning population in the region along with the penetration of industrialization and urbanization is projected to create a positive outlook for the expansion of market growth in the region in the coming years.

Report Scope:

Target Audience:

• Supply-side: Raw material suppliers and Manufacturers  

• Demand Side: Industrial sectors

• Regulatory Side: Concerned government authorities and other regulatory bodies