What Will Cast Acrylic Sheet Market Be Like In The Next 05 Years?

The report "Cast Acrylic Sheet Market by Type (Cell, and Continuous), Application (Sanitary Ware, Signage & Display, Architecture & Interior Design, Transportation, Medical, Food &Catering), and Region (APAC, Europe, NA, ME&A, and SA) - Global Forecast to 2024", is expected to grow at from USD 3.0 billion in 2019 to USD 4.1 billion by 2024 at a compound annual growth rate (CAGR) of 6.4% during the forecast period.  The major factor driving the cast acrylic sheet industry during the forecast period includes increasing expenditure on outdoor advertising and growing demand for lightweight material as a replacement for glass coupled with its usage in a wide range of applications are the key drivers for the cast acrylic sheet market.

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“Improved optical clarity and greater surface hardness properties are driving the demand for cell cast acrylic sheet.”

The superior optical clarity, better machinability, and color compatibility have resulted in cell cast acrylic sheet to be the preferred process type. This is also 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.

Cell cast acrylic sheet type is predominantly used in the industry as it provides best optical clarity, greater surface hardness, and higher molecular weight. Owing to the higher molecular weight, it is cleaner to cut, drill, and rout. Customized colors and special effects are easily available in cell cast acrylic sheets.  

“Increasing demand for display screens, cover panels, and touchscreens will drive the market in this segment.”

The use of cast acrylic sheet in signage & display application is expected to be the largest and fastest-growing segment, due to its availability in different colors and strength. Cast acrylic sheet is increasingly being used for out-of-home advertising applications. Various designs can easily be printed over a cast acrylic sheet, making it best suited for architecture and design applications as well. 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 the growth in demand for cast acrylic sheet in transportation application as well.

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♦ Leading Key Players -

Mitsubishi Chemical Corporation (Japan), 3A Composites (Switzerland), Altuglas International (France), Aristech Acrylics (US), Madreperla (Italy), Gevacril (US), Margacipta Wirasentosa (Indonesia), Astari Niagra (Indonesia), Spartech (US), Asia Poly (Malaysia), Ray Chung Acrylic Enterprise (Taiwan), GRUPO IRPEN (Spain), Polyplastic (Netherland), Jokema Industry (Taiwan), Acrilex (US), Shanghai Acrylic (Cast) Chemical Corporation (China), Limacryl (Belgium), Lei Mei Acrylic (Dongguan) Co., Ltd. (China), Nitto Jushi Kogyo Co., Ltd (Japan), and UB Acrylics (Indonesia)

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