Cast Acrylic Sheets Market Research Report - Forecast till 2023

1. Cast Acrylic Sheets Market Research Report - Global Forecast till 2023

2. Market Synopsis The demand for automobiles and transportation vehicles is rising with the growing population. Besides, the rising per capita income is fueling the growth of the automotive industry across the globe. Thus, the growth of the automotive and transportation industry is expected to boost the demand for cast acrylic sheets across the globe. Also, increasing construction activities, where architecture and interior designs play a vital role, is expected to drive the growth of the global cast acrylic sheets market. Cast acrylic sheets 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. 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. Its properties such as strength, durability, lightweight, shatter-resistant as well as burglar- resistant have made it perfect for use in automobiles and transportation vehicles. Owing to its optical clarity of clear sheet, excellent surface effects, color palette, and durability in demanding environments, it is extensively used in signs and displays. Furthermore, the creative potential it offers that is beyond traditional materials such as wood, steel, glass or ceramics, makes it ideal for use in architecture as well as interior design. The rising demand for lightweight vehicles, to curb emissions, is expected to drive the growth of the global market. 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). Segmental Analysis: Global cast acrylic sheets market has been segmented on the basis of type, application, and region.

3. 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. The segment is expected to maintain its dominance during the review period, owing to the low cost of production of cell cast acrylic sheet as compared to the other two types. Additionally, the production process of cast acrylic and extruded cast acrylic sheets is labor intensive, which is also expected to contribute to the growth of the cell cast acrylic sheet segment. 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. Increasing marketing activities are boosting the use of signs & displays. In addition, due to the versatile properties such as lightweight, high strength, resistance to chemicals, and low cost of production is boosting the growth of the signs & displays segment in the global cast acrylic sheets market. 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 cast acrylic sheets market 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.