Cast Acrylic Sheets Market
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<strong>Cast</strong> <strong>Acrylic</strong> <strong>Sheets</strong> <strong>Market</strong> Research<br />
Report - Global Forecast till 2023
<strong>Market</strong> Synopsis<br />
The demand for automobiles and transportation vehicles is rising with the growing population.<br />
Besides, the rising per capita income is fueling the growth of the automotive industry across the<br />
globe. Thus, the growth of the automotive and transportation industry is expected to boost the<br />
demand for cast acrylic sheets across the globe. Also, increasing construction activities, where<br />
architecture and interior designs play a vital role, is expected to drive the growth of the global<br />
cast acrylic sheets market.<br />
<strong>Cast</strong> acrylic sheets possess a high molecular weight and are rigid, lightweight, easy to handle, cut<br />
and cement. The sheet is easy to shape, fabricate, and form. It responds to temperature changes<br />
by expanding or contracting at a faster rate as compared to glass. It is flexible than glass and<br />
other building materials. Also, it has excellent light transmission and is resistant to chemicals.<br />
However, in varying degrees, it is affected by benzene, toluene, ethanol, methanol, lacquer<br />
thinners, ethers, carbon tetrachloride, ketones, and esters. <strong>Cast</strong> acrylic sheet also acts as an<br />
excellent insulator. Additionally, its surface resistivity is higher than that of most<br />
plastics. Clearer than glass, it does not become yellow after prolonged sun exposure. Regardless<br />
of sunlight, heat, cold, and humidity, cast acrylic sheet sustains its original appearance and color.<br />
Its properties such as strength, durability, lightweight, shatter-resistant as well as burglarresistant<br />
have made it perfect for use in automobiles and transportation vehicles. Owing to its<br />
optical clarity of clear sheet, excellent surface effects, color palette, and durability in demanding<br />
environments, it is extensively used in signs and displays. Furthermore, the creative potential it<br />
offers that is beyond traditional materials such as wood, steel, glass or ceramics, makes it ideal<br />
for use in architecture as well as interior design. The rising demand for lightweight vehicles, to<br />
curb emissions, is expected to drive the growth of the global market.<br />
<strong>Market</strong> Players:<br />
Some of the key players operating in the global market are Mitsubishi Chemical Corporation<br />
(Japan), Evonik Industries AG (Germany), Altuglass International Arkema Group (France), 3A<br />
Composites GmbH (Germany), Aristech Surfaces LLC (US), MADREPERLA Spa (Italy),<br />
Spartech (US), Astari Niagara International (Indonesia), Pyrasied Xtreme <strong>Acrylic</strong> (Netherlands),<br />
Asia Poly Industrial Sdn Bhd (Malaysia), SCG Chemicals Co., Ltd (Thailand), Shanghai<br />
<strong>Acrylic</strong>(<strong>Cast</strong>) Chemical Corporation (China), Jokema industry Co. Ltd (Taiwan), and Limacryl<br />
NV (Belgium).<br />
Segmental Analysis:<br />
Global cast acrylic sheets market has been segmented on the basis of type, application, and<br />
region.
By type, the global cast acrylic sheets market has been classified into cell cast acrylic sheet,<br />
continuous cast acrylic sheet, and extruded cast acrylic sheet. Among these, the cell cast acrylic<br />
sheet was the largest and the fastest growing segment in 2018. The segment is expected to<br />
maintain its dominance during the review period, owing to the low cost of production of cell cast<br />
acrylic sheet as compared to the other two types. Additionally, the production process of cast<br />
acrylic and extruded cast acrylic sheets is labor intensive, which is also expected to contribute to<br />
the growth of the cell cast acrylic sheet segment.<br />
Based on application, the global cast acrylic sheets market has been divided into sanitary ware,<br />
signage & display, architecture & interior design, automotive & transportation, furniture &<br />
design, and others. The signs & displays held the largest share and was the fastest growing<br />
segment in 2018, due to the increasing use of display screens and sign boards on roads, hotel<br />
lobbies, airports, and most commonly in retailing and merchandising. Increasing marketing<br />
activities are boosting the use of signs & displays. In addition, due to the versatile properties<br />
such as lightweight, high strength, resistance to chemicals, and low cost of production is<br />
boosting the growth of the signs & displays segment in the global cast acrylic sheets market.<br />
Regional Analysis:<br />
The Global <strong>Cast</strong> <strong>Acrylic</strong> <strong>Sheets</strong> <strong>Market</strong> has been spanned across five key regions, namely<br />
Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific<br />
held the largest share and was the fastest growing regional market in 2018, owing to the growing<br />
use of cast acrylic sheets in the automotive and transportation industry. North America held the<br />
second-largest share of the global cast acrylic sheets market in 2018 and is projected to continue<br />
the trend during the forecast period. The European market is expected to witness considerable<br />
growth, and the Latin American market is expected to record moderate growth during the<br />
forecast period. The Middle East & African market is projected to witness sluggish growth<br />
during the review period.