13-Oct-2020 | Zion Market Research
As per researchers at Zion Market Research, the global cast acrylic sheets market is predicted to develop from USD 3.1 billion in 2019 to USD 4.58 billion in 2026, growing at a CAGR of over 6.6% during the forecasted period 2020–2026. The cast acrylic sheet has high optical clarity and impact resistance compared to glass and is weightless and customizable to different color & design combinations. The cast acrylic sheet has an extensive range of applications such as POP (Point of Purchase) display, signage, interactive screens, large-screen LCDs, skylights, display cases, aquariums, furniture, office stationery, mirrors, solar panels, partitions, shelf panels, and transportation. The demand for the manufacturing of these applications is impelling the growth of the cast acrylic sheet industry.
Some of the key players in the market are 3A Composites, Mitsubishi Chemical Corporation, Aristech Acrylics, Altuglas International, Gevacril, Madreperla, Astari Niagra, Margacipta Wirasentosa, Asia Poly, Spartech, GRUPO IRPEN, Ray Chung Acrylic Enterprise, Jokema Industry, Polyplastic, Shanghai Acrylic, Limacryl, Chemical Corporation, Nitto Jushi Kogyo Co., Ltd., Lei Mei Acrylic Co., Ltd., and UB Acrylics.
Augmenting Demand For Cover Panels, Display Screens, And Touchscreens To Drive The Global Cast Acrylic Sheets Market
The advanced optical clarity, improved machinability, and color compatibility have resulted in the cell cast acrylic sheet to be the ideal process type. This is also preferred than continuous cell process type since it presents superior surface strength, and producers bear less cost in establishing the unit. These aspects have resulted in the rapid development of the cell cast process type market over the estimated period. Cell cast acrylic sheet type is mostly utilized in the industry due to its greater surface hardness, best optical clarity, and high molecular weight. On account of the higher molecular weight, it is cleaner to drill, cut, and rout. Special effects and customized colors are easily obtainable in cell cast acrylic sheets. The usage of cast acrylic sheet in display & signage application is anticipated to be the fastest-developing sector, owing to its availability in various colors and strength. The cast acrylic sheet is ever more being utilized for out-of-home advertising applications.
The global cast acrylic sheets market is bifurcated on the basis of application, process type, and regional analysis. Based on the process type, the market is divided into continuous cast acrylic sheet and cell cast acrylic sheet. Based on the application, the market is divided into signage & display, transportation, food & catering, architecture & interior design, sanitaryware, medical, and others.
Asia Pacific Region Expected To Be The Fastest-Growing Region In The Global Cast Acrylic Sheets Market
Based on geographical analysis, the global cast acrylic sheets market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific is the fastest-developing market for the cast acrylic sheet. India, China, and Japan are the major markets across the Asia Pacific region, contributing to over half of the regional market share. The factors such as surging per capita income and rising purchasing power coupled with the augmenting urbanization are likely to propel the cast acrylic sheet market in applications, like food & catering, medical, architecture & interior design, sanitaryware, and signage & display.
Browse the full “Cast Acrylic Sheets Market - By Process Type (Continuous Cast Acrylic Sheet and Cell Cast Acrylic Sheet), By Application (Signage & Display, Architecture & Interior Design, Sanitary ware, Medical, Transportation, Food & Catering, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/cast-acrylic-sheets-market
The global cast acrylic sheets market is segmented as follows:
By process type:
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