Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.79 Billion | USD 6.56 Billion | 6.3% | 2023 |
According to a report from Zion Market Research, the global Cast Acrylic Sheets Market was valued at USD 3.79 Billion in 2023 and is projected to hit USD 6.56 Billion by 2032, with a compound annual growth rate (CAGR) of 6.3% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Cast Acrylic Sheets industry over the next decade.
Cast acrylic sheet is a kind of polymethyl methacrylate and is referred to as Perspex and Plexiglas. They are produced from monomers through cell cast and continuous cast procedures. The product has outstanding transparency and is massively utilized in signage, museum casings, displays, and aircraft windscreens. Furthermore cast acrylic sheet possess high molecular mass and it can be easily fabricated into myriad shapes and forms.
Massive product penetration in interior designing, sanitary ware, and automotive sectors will propel the market growth. Apart from this, large-scale digitization of products as well as its demand will boost the business trends. Escalating demand for cast acrylic sheets across the construction & building sector along with rise in the urbanization will upsurge the market size in the years to come. Beneficial product features like tensile strength, glare reduction, clarity, flexibility, anti-fogging, light-weightiness, and water-resistance will drive the expansion of the industry over the forecast timespan. Nonetheless, easy availability of cost-effective alternatives will impede the business space over the upcoming years.
Additionally, the product is used in various commercial, residential, and industrial applications and hence is projected to make sumptuous contributions towards the overall market profit within the next couple of years. Furthermore, cast acrylic sheets have the ability to produce weather resistant & bulletproof windows as well as durable skylights.
Report Attributes | Report Details |
---|---|
Report Name | Cast Acrylic Sheets Market |
Market Size in 2023 | USD 3.79 Billion |
Market Forecast in 2032 | USD 6.56 Billion |
Growth Rate | CAGR of 6.3% |
Number of Pages | 110 |
Key Companies Covered | 3A Composites, Lei Mei Acrylic Co., Ltd., Mitsubishi Chemical Corporation, Aristech Acrylics, GRUPO IRPEN, Altuglas International, Nitto Jushi Kogyo Co., Ltd., Gevacril, Chemical Corporation, Ray Chung Acrylic Entreprise, Madreperla, Astari Niagra, Margacipta Wirasentosa, Asia Poly, Spartech, Jokema Industry, Polyplastic, Shanghai Acrylic, Limacryl, and UB Acrylics |
Segments Covered | By Process Type, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Rapid urbanization and surge in the spending capacity of the customers will prompt the expansion of the regional market over the estimated timeframe. Increase in the wealth as well as GDP of the Asian countries will prop up the regional market expansion over the forecast timespan. Strong infrastructural growth witnessed in the countries like China and India will prompt the market expansion in the region over the forecast timespan.
The global cast acrylic sheets market profiles key players such:
By Process Type:
By Application:
By Region
FrequentlyAsked Questions
A sort of acrylic plastic that is produced through a casting process, cast acrylic sheets are formed by pouring liquid acrylic resin into moulds and allowing it to solidify and polymerise. This method generates sheets that exhibit a high level of uniformity and clarity, rendering them suitable for a diverse array of applications.
The utilisation of cast acrylic sheets in architectural applications, including skylights, partitions, and façade, is on the rise as a result of their durability, aesthetic appeal, and capacity to admit natural light. Because of their clarity and simplicity of fabrication, cast acrylic sheets are frequently employed in display cases, signage, and point-of-sale displays. Demand will be stimulated by the expansion of the retail and advertising sectors.
According to a report from Zion Market Research, the global Cast Acrylic Sheets Market was valued at USD 3.79 Billion in 2023 and is projected to hit USD 6.56 Billion by 2032.
According to a report from Zion Market Research, the global Cast Acrylic Sheets Market a compound annual growth rate (CAGR) of 6.3% during the forecast period 2024-2032.
Rapid urbanization and surge in the spending capacity of the customers will prompt the expansion of the regional market over the estimated timeframe. Increase in the wealth as well as GDP of the Asian countries will prop up the regional market expansion over the forecast timespan. Strong infrastructural growth witnessed in the countries like China and India will prompt the market expansion in the region over the forecast timespan.
Key players leveraging the market expansion include 3A Composites, Lei Mei Acrylic Co., Ltd., Mitsubishi Chemical Corporation, Aristech Acrylics, GRUPO IRPEN, Altuglas International, Nitto Jushi Kogyo Co., Ltd., Gevacril, Chemical Corporation, Ray Chung Acrylic Entreprise, Madreperla, Astari Niagra, Margacipta Wirasentosa, Asia Poly, Spartech, Jokema Industry, Polyplastic, Shanghai Acrylic, Limacryl, and UB Acrylics.
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