Cast Acrylic Sheets Market - Forecast(2024 - 2030)

Report Code: CMR 60143 Report Format: PDF + Excel

Cast Acrylic Sheets Market Overview

Cast acrylic sheets market size is forecast to reach $4.6 billion by 2025, after growing at a CAGR of 6.3% during 2020-2025. The major factor driving the cast acrylic sheets industry during the forecast period includes increasing expenditure on outdoor advertising, growing demand for lightweight material as a replacement for glass and its usage in a wide range of applications such as signage, POP display, large-screen LCDs, interactive screens, display cases, skylights, furniture, aquariums, mirrors, office stationery, shelf panels, partitions, solar panels, and transportation. Increasing concern over environmental issues and the transition to a more sustainable growth model has increased green building constructions which is influencing the cast acrylic sheets market growth.

Report Coverage

The report: “Cast Acrylic Sheets Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the cast acrylic sheets industry. 

By Type: Continuous Cast Acrylic Sheet, Cell Cast Acrylic Sheet
By Application: Architecture & Interior Design, Sanitary Ware, Signage & Display, Automotive & Transportation, Aerospace, Food & Catering, Others 
By Geography: North-America, South-America, Europe, APAC, Middle-East & Africa

Key Takeaways
  • Asia-Pacific dominates the cast acrylic sheets market, owing to the rising demand for lightweight materials in the automotive, aeronautics, construction and consumer good sectors in the region. Increased urbanization and purchases are also the key factors driving the cast acrylic sheet market in APAC.
  • Features incorporated with acrylic sheets such as high strength, light weight, clarity, resistance proof, anti-fogging and glare reduction are the key factors that accelerate the growth of acrylic sheet market. 
  • The easy molding property of acrylic sheets on providing high temperature is also one of the factors driving acrylic sheets market.
  • The manufacturing process of cast acrylic products releases highly toxic fumes which are hazardous to health and can create hurdles for the cast acrylic sheets market.

By Type – Segment Analysis

During the forecast period the cell cast acrylic sheet holds the highest share in 2019, owing to optical clarity, greater surface hardness, higher molecular weight and better machinability. Customized colors and special effects are easily available in cell cast acrylic sheets. It is preferred over continuous cell process type as it provides better surface strength, and manufacturers bear less cost in setting up the plant. These factors have led to the rapid growth of the cell cast process type market during the forecast period.

By Application – Segment Analysis

The signage and display sector holds the highest share in 2019 and is growing at a CAGR of 7.2%, owing to growing preference of out-of-home advertising, large displays, LED signage boards in the retail stores, hotels, and airport lobbies. Because of their long service life and lightweight properties it is also used in the manufacture of sanitary ware such as faucets, bath fittings, and bathtubs. The need for lightweight material in automotive and development of high transportation infrastructures such as bus stands, modernization of railway station and airports have resulted in demand for cast acrylic sheet in the automotive and transportation application as well.

By Geography – Segment Analysis

Asia Pacific holds the largest share in the cast acrylic sheets market in 2019 up to 30%, owing to increased infrastructural development and disposable income. The adoption of green building technologies in countries such as China, India and Japan is increasing, which is influencing  cast acrylic sheets demand as these sheet material provides building and construction professionals advanced signage, light energy transmission properties, easy fabrication and attractive display facilities which is expected to drive the cast acrylic sheets market. Significant growth in the construction industry and increased advertising spending in India, Indonesia, China and other countries is anticipated to propel the cast acrylic sheets market in APAC.

Cast Acrylic Sheets Market Drivers

Demand of Lightweight Materials

The growing demand for lightweight materials from the automotive and aviation, industry is driving cast acrylic sheets demand as, these sheets add durability and luminescence to the vehicles. According to OICA, in 2018, the light commercial vehicles production has increased to 20,635,799 units from 19,481,394 units in 2017. The increasing popularity for reducing the weight of vehicles to increase fuel efficiency and reduce the GHG emissions supported by the introduction of electric vehicles are driving the use of cast acrylic sheets in the automotive & transportation industry during the forecast period.

Enhanced Characteristics As Compared To Other Similar Materials

Cast acrylic sheets are used as a substitute for materials such as glass, ceramic, and wood in the sanitary ware, architecture, and signage & display industry because of its superior characteristics such as high strength, clarity, lightness and glare reduction. Cast acrylic sheets are safer than glass as it does not shatter. Thus, they can be used as an alternative for glass panel which acts as a driver for the forecast period. 

Cast Acrylic Sheets Market Challenges

High Price of Cast Acrylic Sheets and Availability of Substitutes

Cast acrylic sheets are high quality products and are expensive, the manufacturing process is more time taking and labor extensive. Since substitute materials which are equally effective in nature are also available for less prices the consumer might not prefer cast acrylic sheets. This factor may act as a restraint to the market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the cast acrylic sheets market. In 2019, the market of cast acrylic sheets has been consolidated by the top five players accounting for xx% of the share. Major players in the cast acrylic sheets market are Gevacril Srl, Arkema S.A., BASF SE, Evonik Industries AG, 3A Composites GmbH, Mitsubishi Chemical Corporation, PT Astari Niagara Internasional, Aristech Surfaces LLC, PyraSied Xtreme Acrylic, Spartech LLC, MADREPERLA S.p.a., Ray Chung Acrylic Enterprise Co. Ltd. , Acrilex Inc., PT. Margacipta Wirasentosa, Polyplastics Co. Ltd. and Limacryl N.V.

Acquisitions/Technology Launches

  • In March 2018, Evonik industries AG commenced production of stretched acrylic sheets for the aviation industry from its most forged production polishing plant located at Weiterstadt, Germany.
  • In September 2018, PT. Margacipta Wirasentosa launched its new line of MC® LED VIVID AND LED READY CAST ACRYLIC during the “Margarita’s with Margacipta” event at the IAPD Annual Convention in Washington.
1. Cast Acrylic Sheets Market- Market Overview
    1.1 Definitions and Scope
2. Cast Acrylic Sheets Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Cast Acrylic Sheets Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Cast Acrylic Sheets Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Cast Acrylic Sheets Market– Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Cast Acrylic Sheets Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Cast Acrylic Sheets Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Analysis
8. Cast Acrylic Sheets Market– By Type (Market Size -$Million, KT)
    8.1 Continuous Cast Acrylic Sheet
    8.2 Cell Cast Acrylic Sheet
9. Cast Acrylic Sheets Market– By Application (Market Size -$Million, KT)
    9.1 Architecture & Interior Design
    9.2 Sanitary Ware
    9.3 Signage & Display 
    9.4 Automotive & Transportation
    9.5 Aerospace
    9.6 Food & Catering
    9.7 Others
10. Cast Acrylic Sheets Market - By Geography (Market Size -$Million / KT)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 France
        10.3.4 Italy
        10.3.5 Netherland
        10.3.6 Spain
        10.3.7 Russia
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 Japan
        10.4.3 India
        10.4.4 South Korea
        10.4.5 Australia & New Zealand
        10.4.6 Rest of Asia Pacific
    10.5 ROW
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of South Africa
11. Cast Acrylic Sheets Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Cast Acrylic Sheets Market- List of Key Companies by Country (Premium) 
14. Cast Acrylic Sheets Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Cast Acrylic Sheets Market By Type Market 2023-2030 ($M)
1.1 Cell Cast Acrylic Sheet Market 2023-2030 ($M) - Global Industry Research
1.2 Continuous Cast Acrylic Sheet Market 2023-2030 ($M) - Global Industry Research
2.Global Cast Acrylic Sheets Market By Type Market 2023-2030 (Volume/Units)
2.1 Cell Cast Acrylic Sheet Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Continuous Cast Acrylic Sheet Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Cast Acrylic Sheets Market By Type Market 2023-2030 ($M)
3.1 Cell Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
3.2 Continuous Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
4.South America Cast Acrylic Sheets Market By Type Market 2023-2030 ($M)
4.1 Cell Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
4.2 Continuous Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
5.Europe Cast Acrylic Sheets Market By Type Market 2023-2030 ($M)
5.1 Cell Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
5.2 Continuous Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
6.APAC Cast Acrylic Sheets Market By Type Market 2023-2030 ($M)
6.1 Cell Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
6.2 Continuous Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
7.MENA Cast Acrylic Sheets Market By Type Market 2023-2030 ($M)
7.1 Cell Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research
7.2 Continuous Cast Acrylic Sheet Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
2.Canada Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
3.Mexico Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
4.Brazil Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
5.Argentina Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
6.Peru Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
7.Colombia Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
8.Chile Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
9.Rest of South America Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
10.UK Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
11.Germany Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
12.France Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
13.Italy Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
14.Spain Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
15.Rest of Europe Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
16.China Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
17.India Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
18.Japan Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
19.South Korea Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
20.South Africa Cast Acrylic Sheets Market Revenue, 2023-2030 ($M)
21.North America Cast Acrylic Sheets By Application
22.South America Cast Acrylic Sheets By Application
23.Europe Cast Acrylic Sheets By Application
24.APAC Cast Acrylic Sheets By Application
25.MENA Cast Acrylic Sheets By Application
26.Mitsubishi Chemical Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Evonik, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Altuglas International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.3A Composites Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Aristech Acrylics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Madreperla, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Gevacril, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Spartech, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Astari Niagara, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Pyrasied Xtreme Acrylic, Sales /Revenue, 2015-2018 ($Mn/$Bn)