USD 2.97 billion
Cast Acrylic Sheets Market Size, Share, Growth Analysis, By Type(Continuous Cast Acrylic Sheet, and Cell Cast Acrylic Sheet), By Thickness(0.08 inches & below, 0.09 to 0.30 inches, and 0.31 inches & above), By Application(Signage & Display, Automotive, Construction, Electronics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15G2086 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
92
|Figures:
76
Cast Acrylic Sheets Market Insights
Global Cast Acrylic Sheets Market size was valued at USD 2.97 billion in 2022 and is poised to grow from USD 3.12 billion in 2023 to USD 5.23 billion by 2031, growing at a CAGR of 5.52% in the forecast period (2024-2031).
The global cast acrylic sheets market is characterised through sturdy growth pushed with the aid of numerous factors. Increasing call for from industries like production, automotive, and electronics propels market enlargement, as forged acrylic sheets offer optical readability, lightweight properties, and UV resistance. Sustainable constructing tendencies further raise adoption in architectural programs. Technological advancements in manufacturing methods make contributions to product innovation and market development.
The versatility of solid acrylic sheets throughout various applications, consisting of signage and scientific devices, enhances their market enchantment. As industries retain to prioritize excessive-performance substances, the global solid acrylic sheets market is placed for sustained boom. Technological improvements in production procedures make contributions to the market's evolution. Innovations in solid acrylic sheet production have caused greater product overall performance, sturdiness, and a broader range of available colors and finishes. These improvements cater to the evolving needs of cease-users in search of customization options and improved product characteristics.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Continuous Cast Acrylic Sheet
Fastest Growth
Cell Cast Acrylic Sheet
Growth Rate
5.52% CAGR
Global Cast Acrylic Sheets Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Cast Acrylic Sheets Market Segmental Analysis
The global Cast Acrylic Sheets market is segmented into four major segments i.e. by By Type, Thickness, Application, and region. Based on Type, it is divided into Continuous Cast Acrylic Sheet, and Cell Cast Acrylic Sheet. Based on Thickness, it is bifurcated as 0.08 inches & below, 0.09 to 0.30 inches, 0.31 inches & above. Based on Application it is segregated into, Signage & Display, Automotive, Construction, Electronics, Sanitary Ware, Others. Based on region, the market is segmented into United States, Canada, and Mexico.
Analysis by Type
Continuous forged acrylic sheets are probable to dominate the market because of their production manner, presenting a clean and consistent floor. These sheets are regularly favored for applications requiring optical readability and first rate finishes, together with signage and presentations.
Cell cast acrylic sheets are predicted to be the quickest-developing section. Although they may have a barely better production cost, cellular cast sheets are recognised for their advanced thickness consistency and the capacity to reap tricky designs. Industries looking for high-overall performance materials for applications like car and aerospace may additionally contribute to the increase of cell solid acrylic sheets.
Analysis by Application
Signage and show packages are likely to dominate the market due to the optical readability, light-weight nature, and ease of fabrication that cast acrylic sheets offer. These sheets are extensively utilized in creating first rate, visually attractive signage, and presentations across numerous industries.
The automobile area is anticipated to be the quickest-developing application. Cast acrylic sheets locate multiplied utilization in automobile interiors, which include device panels, dashboard covers, and headlamp covers, due to their aesthetic attraction, effect resistance, and layout flexibility. The growing call for visually attractive and sturdy automobile additives contributes to the extended adoption in this quarter.
Global Cast Acrylic Sheets Market By Type
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Cast Acrylic Sheets Market Regional Insights
Asia-Pacific is in all likelihood to dominate the solid acrylic sheets marketplace due to fast industrialization, urbanization, and growing construction sports in international locations like China and India. The growing automotive and electronics industries within the place similarly contribute to the demand for cast acrylic sheets.
The Middle East and Africa are expected to be the quickest-developing areas. This boom can be attributed to ongoing infrastructural developments, in particular inside the production quarter, as well as elevated investments within the automotive and electronics industries. Government projects and financial growth make a contribution to the expanding marketplace for solid acrylic sheets in this area.
Global Fiberglass Pipes Market By Region
- Largest
- Fastest
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Cast Acrylic Sheets Market Dynamics
Drivers
Increasing Demand From End-Use Industries
- The growing demand from quit-use industries together with construction, car, and electronics is a first-rate driving pressure. Cast acrylic sheets are favored for their optical readability, light-weight nature, and awesome UV resistance, making them a really perfect desire for applications requiring transparency and sturdiness. Additionally, the growing fashion closer to sustainable and energy-efficient construction materials has boosted the adoption of cast acrylic sheets in architectural programs.
Increasing Emphasis on Sustainable and Green Materials
- The marketplace is undoubtedly stimulated by means of a growing awareness and emphasis on sustainable and green materials. Cast acrylic sheets, being recyclable and electricity-green in the course of manufacturing, align with the worldwide shift toward environmentally conscious practices. This sustainability aspect has placed cast acrylic sheets favorably in industries in which ecological concerns play a pivotal role in cloth choice.
Restraints
High Dependency on Raw Material Prices
- One of the primary marketplace restraints is the dependency on uncooked cloth fees, specially the pricing fluctuations of methyl methacrylate, a key thing in acrylic sheet manufacturing. The volatility in raw fabric charges can pose challenges for manufacturers, impacting production prices and, in the end, the overall market. Additionally, competition from opportunity materials, which include polycarbonate sheets and different obvious plastics, can avoid market growth.
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Cast Acrylic Sheets Market Competitive Landscape
The aggressive surroundings of the Cast Acrylic Sheets marketplace is dynamic and characterised with the aid of the presence of key players vying for market proportion. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
- Mitsubishi Chemical Corporation (Japan)
- 3A Composites (Switzerland)
- Altuglas International (France)
- Aristech Acrylics (US)
- Madreperla (Italy)
- Gevacril (US)
- Polyplastic
- Acrilex, Inc.
- Margacipta Wirasentosa (Indonesia)
- ALTUGLAS INTERNATIONAL SA
- Grupo Irpen
- Astari Niagra (Indonesia)
- Spartech (US)
- Asia Poly (Malaysia)
- Evonik Industries AG
- Trinseo
- PLASKOLITE
- A&C Plastics, Inc.
- Sumitomo Chemical India Ltd.
- Röhm Clamping
Recent Developments
- April 2023: Plaskolite LLC, a distinguished international manufacturer of engineering thermoplastics, has officially entered into a settlement to gather a facility in Matamoros, Mexico. This acquisition includes the land, buildings, and system of the facility from Trinseo (NYSE: TSE), an issuer of area of expertise material solutions.
- Aristech Surfaces LLC became received through Trinseo for USD 445 Million. The deal emerged on money owed of Falcon Private Holdings. It became to extend Trinseo's polymer resins and plastic sheets enterprise portfolio with the existing body of workers and management of Aristech Surfaces LLC with a USD 1.Four Billion valuation.
Cast Acrylic Sheets Key Market Trends
- Rising Preference for Sustainable and Eco-Friendly Acrylic Solutions: The increasing choice for sustainable and green acrylic answers. As environmental awareness grows, manufacturers are exploring greener options and adopting recycling projects in acrylic sheet manufacturing. Another full-size fashion is the rising demand for custom designed and area of expertise acrylic sheets.
Cast Acrylic Sheets Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Cast Acrylic Sheets market evaluation reveals a dynamic marketplace with a number of standout traits and problems. The market is driven by way of growing call for in oil and gasoline, chemicals, and water treatment sectors due to their corrosion resistance and durability. However, financial uncertainties and dependence at the oil enterprise pose restraints. Diverse product kinds, such as polyester and epoxy resin-based totally pipes, cater to varying enterprise requirements. Geographically, Asia-Pacific dominates due to rapid industrialization, while the Middle East and Africa revel in fast increase fueled by way of infrastructural projects. Key tendencies include a shift towards eco-friendly solutions, innovations in manufacturing techniques, and a growing choice for high-purity formulations inside the fiberglass pipes market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.97 billion |
| Market size value in 2031 | USD 5.23 billion |
| Growth Rate | 5.52% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cast Acrylic Sheets Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cast Acrylic Sheets Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cast Acrylic Sheets Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cast Acrylic Sheets Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cast Acrylic Sheets Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cast Acrylic Sheets Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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