Cast Acrylic Sheet Market By Process Type (Cell cast acrylic sheet, Continuous cast acrylic sheet) By Application (Signage & display, Sanitaryware, Architecture & Interior Design, Transportation, Medical, Food & Catering, Others) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

The global cast acrylic sheet market report explores the critical analysis of the cast acrylic sheet industry using key parameters. The report consists of investment strategies, the need for investments in the cast acrylic sheet industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the cast acrylic sheet industry and how economic and non-economic barriers are helping the cast acrylic sheet market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Cast Acrylic Sheet market?

• In 2021, Cell cast acrylic sheet became the favored method due to its higher optical clarity, improved machinability, and color compatibility.
• In 2021, due to its availability in various colors and strengths, the usage of cast acrylic sheets in signage and display applications is anticipated to be the market's largest and fastest-growing segment.

Which region dominated the cast acrylic sheet market?

Asia Pacific is the next-largest market for cast acrylic sheets, followed by North America and Europe. China and India are the two biggest markets in the area. The two countries account for more than 50% of the regional demand for cast acrylic sheets. The growing demand for acrylic sheets in the Asia Pacific automotive and transportation, architectural and interior design, and sanitary ware industries can be attributed to the region's rapid urbanization and consumers' higher spending power. During the projected period, rising FDI in the construction and automotive sectors in developing countries in Asia Pacific is anticipated to fuel the market.

How is US Market performing in the cast acrylic sheet market?

In 2021, The US cast acrylic sheet market was likely to be driven by rising per capita income, rising purchasing power, and rising urbanization across several different industries, including sanitary ware, food & catering, medical, signage & display, and architectural & interior design.

What is the competitive environment of the cast acrylic sheet market?

The cast acrylic sheet industry's competitive environment provides information on the economic profit made by suppliers and businesses, the cast acrylic sheet market share globally, the business organization summary, and the opportunities for the cast acrylic sheet market. Based on the developments made by the key companies, the cast acrylic sheets market will see intense rivalry during the forecasted period.

Executive Summary

What is the market definition of the Cast Acrylic Sheet Market?

The cast acrylic sheets are recognized to be stiff, lightweight, easy to handle, cut, and cement. They also have a high molecular weight as part of the market's products and services. It is simple to manufacture, shape, and give the final form using acrylic sheets. In contrast to glass, these sheets respond to temperature changes by expanding or contracting more quickly. Its properties are more adaptable than glass and other commonly used building materials.

Which are the key investments by the cast acrylic sheet market players?

Leading players operating in the cast acrylic sheet market are focusing on expansion in production capacities for cast acrylic sheets. Apart from this, players are concentrating on strategic mergers & acquisitions, and collaborations to gain a competitive edge. The market provides the much-needed push for the employment of different designs printed on a cast acrylic sheet, helping it stand out as the ideal option for applications including architecture and other designs, among others. For instance, Evonik started building a new stretching and polishing facility at its Weiterstadt location in Germany in 2017. With this development, the company hopes to provide cast and stretched polymethyl methacrylate sheets for the aviation industry along the full value chain. Altuglas Metallic & Iridescent is the brand name for a new line of acrylic sheets that Altuglas International introduced in 2017. Some major cast acrylic sheet market players are Mitsubishi Chemical Corporation, Altuglas International, Evonik Industries AG, Polyplastic Co. Ltd, Asia Poly Industrial Sdn Bhd., 3A Composites Gmbh, Aristech Acrylics LLC, Acrilex Inc., Chemical Corporation Pvt. Ltd., and Spartech Corporation.

What are the Major Driving Factors for the Cast Acrylic Sheet Market?

Some key characteristics of acrylic sheets include their high strength, lightweight, clarity, anti-fogging ability, and glare reduction. These are anticipated to be the major drivers driving the market for acrylic sheets worldwide during the projected period. By heating acrylic sheets to high temperatures, any shape can be created. This element also fuels the demand for acrylic sheets. Additionally, expanding urbanization and industry indirectly fuel demand for acrylic sheets. This factor is anticipated to drive the market for cast acrylic sheets globally during the projected period.

What are the Major Risks for the Cast Acrylic Sheet Market?

Current market trends for cast acrylic sheets reveal several scenarios that could prevent the market from expanding over the forecast period, which will finish in 2028. The new coronavirus pandemic's entrance has made it difficult for the target market to function, further affecting their ability to buy things from the market and also affecting their rising incomes.

Which is the key process type in the cast acrylic sheet market?

Because of their greater optical clarity, improved machinability, and color compatibility, cell-cast acrylic sheets have become the standard process type for cast acrylic sheets. This also replaces continuous cell process types as the favored option because it offers superior surface strength, and market producers incur lower setup costs for the manufacturing facilities. During the forecast period, which will finish in 2028, these reasons drive the market for cast acrylic sheets to expand quickly. Additionally, the use of cell-cast acrylic sheet type is becoming popular in the industry due to its higher levels of optical clarity, surface hardness, and molecular weight. The items on the market are easier to cut, drill, and route due to their larger molecular weight. Cell-cast acrylic sheets make it simple and easy to create personalized colors and interesting effects.

How is the cast acrylic sheet market performing in regions?

North America and Europe are the next largest markets for cast acrylic sheets, followed by Asia Pacific. The region's two largest markets are China and India. Regarding demand, the two nations hold more than 50% of the regional market for cast acrylic sheets. The ongoing urbanization of the region and the increased purchasing power of customers can be blamed for the rise in demand for acrylic sheets in the Asia Pacific automotive and transportation, architectural and interior design, and sanitary ware industries. Increasing FDI in the automotive and construction sectors in Asia Pacific's developing nations is anticipated to propel the market during the forecast period.

The Middle East & Africa market for acrylic sheets is anticipated to grow fastest during the projected period, followed by North America and Europe. This can be linked to rising local automobile and construction investments. The Middle East and Africa region includes wealthy nations like Saudi Arabia, the United Arab Emirates, and Qatar. Major consumers of sanitary ware items include these nations. Due to planned big events like the Dubai Expo in 2020 and 2022 the FIFA World Cup in Qatar, the construction sector in the region is anticipated to grow soon.

What is the Market Size of the Cast Acrylic Sheet regarding value?

The global cast acrylic sheet market is anticipated to grow at a substantial CAGR of 6.20% in the upcoming years. The global cast acrylic sheet industry was estimated to be worth USD 3.3 billion in 2021 and was expected to be worth USD 4.7 billion by 2028.

What are the major players planning for the future of the cast acrylic sheet market?

During the forecast period of 2022–2028, the market is expected to grow at an outstanding rate because of the rising demand for lightweight materials in the automotive industry and the subsequent growth of high mobility services and infrastructure. For the forecast period that will finish in 2028, the major market participants are raising their investment, resulting in research and development initiatives and enabling the companies to present a wide range of product improvements under the guise of innovative portfolios.

Segmentation of Global Cast Acrylic Sheet Market-

Global Cast Acrylic Sheet Market – By Process Type

• Cell cast acrylic sheet
• Continuous cast acrylic sheet

Global Cast Acrylic Sheet Market – By Application

• Signage & display
• Sanitaryware
• Architecture & Interior Design
• Transportation
• Medical
• Food & Catering
• Others

Global Cast Acrylic Sheet Market – By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa