Cast Acrylic Sheets Market Synopsis:
The global Cast Acrylic Sheets Market is expected to register a CAGR of 5.9% to reach USD 4.5 billion by 2023.
Cast Acrylic Sheets Market possess a high molecular weight and are rigid, lightweight, easy to handle, cut and cement. The sheet is easy to shape, fabricate, and form. It responds to temperature changes by expanding or contracting at a faster rate as compared to glass. It is flexible than glass and other building materials. Also, it has excellent light transmission and is resistant to chemicals.
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However, in varying degrees, it is affected by benzene, toluene, ethanol, methanol, lacquer thinners, ethers, carbon tetrachloride, ketones, and esters. Cast acrylic sheet also acts as an excellent insulator. Additionally, its surface resistivity is higher than that of most plastics. Clearer than glass, it does not become yellow after prolonged sun exposure. Regardless of sunlight, heat, cold, and humidity, cast acrylic sheet sustains its original appearance and color.
Market Players:
Some of the key players operating in the global market are Mitsubishi Chemical Corporation (Japan), Evonik Industries AG (Germany), Altuglass International Arkema Group (France), 3A Composites GmbH (Germany), Aristech Surfaces LLC (US), MADREPERLA Spa (Italy), Spartech (US), Astari Niagara International (Indonesia), Pyrasied Xtreme Acrylic (Netherlands), Asia Poly Industrial Sdn Bhd (Malaysia), SCG Chemicals Co., Ltd (Thailand), Shanghai Acrylic(Cast) Chemical Corporation (China), Jokema industry Co. Ltd (Taiwan), and Limacryl NV (Belgium).
Regional Analysis:
The global cast acrylic sheets market has been spanned across five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific held the largest share and was the fastest growing regional market in 2018, owing to the growing use of cast acrylic sheets in the automotive and transportation industry.
North America held the second-largest share of the global cell cast acrylic in 2018 and is projected to continue the trend during the forecast period. The European market is expected to witness considerable growth, and the Latin American market is expected to record moderate growth during the forecast period. The Middle East & African market is projected to witness sluggish growth during the review period.
Segmental Analysis:
Global cast acrylic sheets market has been segmented based on type, application, and region.
By Type, The Global Cast Acrylic Sheets Market has been classified into cell cast acrylic sheet, continuous cast acrylic sheet, and extruded cast acrylic sheet. Among these, the cell cast acrylic sheet was the largest and the fastest growing segment in 2018.
Based on Application, The Global Cast Acrylic Sheets Market has been divided into sanitary ware, signage & display, architecture & interior design, automotive & transportation, furniture & design, and others. The signs & displays held the largest share and was the fastest growing segment in 2018, due to the increasing use of display screens and sign boards on roads, hotel lobbies, airports, and most commonly in retailing and merchandising.
Table Of Contents:
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics Of Global Cast Acrylic Sheets Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
5 Market Factor Analysis Of Global Cast Acrylic Sheets Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
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