Cast Acrylic Sheets Market Share, Trend Analysis Forecast

Cast Acrylic Sheets Market Report, By Type (Cell Cast Acrylic Sheet and Continuous Cast Acrylic Sheet), Application (Sanitary Ware, Signage & Display, Architecture & Interior Design and Automotive & Transportation) and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : cm2023 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global

Cast acrylic is a rigid, hard thermoplastic material which is characterised by its colour range availability and easy fabrication. Acrylic sheet, with its mouldable material, lightweight nature, and high impact resistance, combined with superior optical clarity, is used in a wide range of applications. Cast acrylic sheets are shaped by using Methyl Methacrylate monomer (MMA) liquid which is forced into a mould made from glass sheets, and then submerged in water. These sheets are easy to fabricate, cut, vacuum form, etc. Acrylic sheets can be coloured or opaque and are numerously coated for enhancing finishing and solar.

Cast Acrylic Sheets Market Outlook

The global cast acrylic sheets market is observing significant growth owing increasing use in automotive and architectural sector. Acrylic is used in a wide variety of applications because it can be easily cemented, welded, thermoformed and machined, making it an extremely versatile material suitable for a wide range of products. Moreover, rising need for commercial construction in countries like Germany, Spain, Russia, etc is expected to drive the market for acrylic sheets. The advantage of these sheets over the glass panel is also said to have a positive impact on the cast acrylic sheets industry growth. Being an alternative to glass and having superior features like high resistance, strength, clarity, lightweight and glare reduction is also said to have a positive impact on the market. Growing industrialization and the easy moulding property of acrylic is also indirectly affecting the growth of the cast acrylic sheets market. However, the market is hindered by availability of low-cost substitutes. Cast acrylic sheets have several low-cost alternatives such as glass and extruded acrylic sheets, which are used where low quality is acceptable.

Cast Acrylic Sheets Market Segmental Overview

The report analyses the global cast acrylic sheets market based on type, application and geography. 

Cast Acrylic Sheets Market by Type 

Based on type, the market is categorized into cell cast acrylic sheet and continuous cast acrylic sheet. Cell cast acrylic sheets have a unique and unmatched balance between clarity, strength and weight, making it the ideal materials for aquarium manufacturing. They are half the weight of glass, more impact resistant, and easier to form and fabricate. 

Cast Acrylic Sheets Market by Application 

Furthermore, various applications of this market are categorized into sanitary ware, signage & display, architecture & interior design and automotive & transportation. Cast acrylic sheets are used in the manufacturing of high quality bathtubs, shower trays and other sanitary appliances. These sheets offer wide range of colours, very smooth surface finish, exceptional resistance and durability. Moreover, the acrylic sheets are used in furniture and interior as well as in the automotive industry and hospitals, owing to its high gloss, hard surface, easy to clean and low maintenance cost. 

Cast Acrylic Sheets Market by Geography 

By geography, the global cast acrylic sheets market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. In 2018, APAC held the largest revenue share as emerging countries, such as China and India, offer lucrative opportunities to market players, due to the growing urbanization and industrialization. Thus, significantly large population base, rise in construction activities and increase in disposable income are expected to drive the growth of the market in this region. Furthermore, North America is expected to witness lucrative growth over the forecast period owing to supportive government initiatives and improving infrastructure. Additionally, the Middle East and Africa are projected to be the fastest growing region in the cast acrylic sheets market as these regions are the major consumers of premium grade sanitaryware products.

Cast Acrylic Sheets Market Key Players

The leading cast acrylic sheets market players are 3A Composites Gmbh, Altuglas International, Aristech Acrylics, Asia Poly Industrial, Astari Niagara, Evonik Industries AG, Gevacril, Grupo Irpen, Jokema Industry, Madreperla, Margacipta Wirasentosa, Mitsubishi Chemical Corporation, Polyplastic, Pyrasied Xtreme Acrylic, Ray Chung Acrylic Enterprise, Spartech and Thai Mma Co., Ltd. Businesses operating in the cast acrylic sheets market are investing to increase their product portfolios, along with improvements in distribution networks. They have adopted strategies such as mergers & acquisitions, new product developments, joint ventures, and expansions to cater to the increasing demand for cast acrylic sheets from different regions. For instance, In March 2017, Evonik started construction of a new stretching and polishing plant at the Weiterstadt site. Evonik’s performance materials segment provides cast and stretched polymethyl methacrylate (PMMA) sheets for the aviation industry.

Why to buy this report:

  • The report offers changing market dynamics in the cast acrylic sheets industry, presenting historical, current and projected market size in terms of value (USD million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of cast acrylic sheets
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the cast acrylic sheets market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of cast acrylic sheets market