Global Cast Acrylic Sheets Market, By Type (Continuous Cast Acrylic Sheet, Cell Cast Acrylic Sheet), Application (Architecture & Interior Design, Sanitary Ware, Signage & Display, Automotive & Transportation, Others) - Industry Trends and Forecast to 2030.
Cast Acrylic Sheets Market Analysis and Size
Growing demand for lightweight materials in end-use industries is the vital factor escalating the market growth, also increasing better chemical and mechanical properties as compared to glass, growing industrialization and urbanization in some developing regions, rising economic growth and increasing income of consumers in the countries and rising wealth in Asian countries are the major factors among others driving the cast acrylic sheets market.
Data Bridge Market Research analyzes that the global cast acrylic sheets market, which was USD 3.82 billion in 2022, would rocket up to USD 6.00 billion by 2030, and is expected to undergo a CAGR of 5.82% during the forecast period. ‘Continous cast acrylic sheet’ dominates the typeglobal cast acrylic market was experiencing growth, and continuous cast acrylic sheets were gaining popularity in various applications, and demand by various end use industries.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Cast Acrylic Sheets Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Tons
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Segments Covered
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By Type (Continuous Cast Acrylic Sheet, Cell Cast Acrylic Sheet), Application (Architecture & Interior Design, Sanitary Ware, Signage & Display, Automotive & Transportation, Others
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Gevacril (Italy), Arkema (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Mitsubishi Chemical Corporation, (Tokyo)
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Market Opportunities
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Market Definition
Cast acrylic sheets are a type of polymethyl methacrylate components, in which the product is mixed with various additives and chemicals to give it enhanced characteristics and properties and this liquid of methyl methacrylate is processed by sealing it between two sheets of glass moulds. Due to the addition of various additives and chemicals in the product, it enables the product to be shatter-resistant as well as helps in designing the product in different color and designs for architectural purposes.
Global Cast Acrylic Sheets Market Dynamics
Drivers
- Growing Demand in Construction and Architecture
Cast acrylic sheets are widely used in the construction and architecture sectors due to their versatility, durability, and aesthetic appeal. The increasing demand for modern and visually appealing buildings has been a major driver for the cast acrylic sheets market.
- Advertising and Signage
Cast acrylic sheets are popular for advertising and signage purposes due to their excellent transparency and light transmission properties. The rise in digital advertising, outdoor advertising, and the need for innovative signage solutions has fueled the demand for cast acrylic sheets.
Opportunity
- Automotive and Transportation industry creates demand in the market
Cast acrylic sheets are used in the automotive industry for applications such as windows, light covers, instrument panels, and interior trim. With the growing automotive industry and the increasing demand for lightweight and durable materials, there is a significant opportunity for cast acrylic sheets in this sector.
Restraint/Challenge
- High Cost
Cast acrylic sheets can be relatively expensive compared to other plastic materials. The manufacturing process involves casting the acrylic resin into sheets, which requires specialized equipment and expertise. This can result in higher production costs, making cast acrylic sheets less cost-competitive compared to alternative materials
Recent Development
- In May, 2023, Arkema, a leader in specialty materials, has partnered with Habitat for Humanity Philadelphia for a sponsorship at the Community Builder level. Through its three-year sponsorship, Arkema will provide a total of $330,000 in funding, donate its sustainable building products and offer its technical expertise, and contribute employee volunteers to help build homes in addition to other programs to support Philadelphians
Global Cast Acrylic Sheets Market Scope
The global cast acrylic sheets market is segmented into two segments type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Continous Cast Acrylic Sheet
- Cell Cast Acrylic Sheet
Application
- Architecture & Interior Design
- Sanitary Ware
- Signage & Display
- Automotive & Transportation
- Others
Global Cast Acrylic Sheets Market Regional Analysis/Insights
The global cast acrylic sheets market is analyzed, and market size insights and trends are type and application, as referenced above.
The countries covered in this market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific is expected to dominate the cast acrylic sheets market is growing due to rising rapid urbanization, increasing economic growth, increasing income of consumers and high rate of urbanization in emerging economies in this region.
North America is the expected to be the fastest growing regions in terms of growth in cast acrylic sheets market due to increasing better chemical and mechanical properties as compared to glass, growing industrialization and urbanization in some developing regions, rising economic growth and increasing income of consumers in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cast Acrylic Sheets Market Share Analysis
The global cast acrylic sheets market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the market.
Some of the major players operating in the global cast acrylic sheets market are:
- Gevacril (Italy)
- Arkema (U.S.)
- BASF SE (Germany)
- Evonik Industries AG (Germany)
- Mitsubishi Chemical Corporation (Tokyo)
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