Cast Acrylic Sheets Market

Cast Acrylic Sheets Market Size (2023-2028)

The cast acrylic sheets market size is expected to rise from $ 6.3 billion in 2022 to $ 8.4 billion with a compound annual rate of 8.3% between 2023-2028

Acrylic cast sheets are a kind of polymethyl methacrylate where the monomer, methyl methacrylate, is combined with initiators and other additives, and then molded into sheets with the pressure of the static. They are light and also constitute an unbreakable alternative to glass. Cell casting is one of the old and costliest techniques for manufacturing acrylic sheets. These are used in interior architecture and design, accessories, automotive, and transportation applications. Acrylic sheets can be colored or opaque and covered with many layers to improve the finish and solar reflectivity. They are of different varieties according to the needs and demands of customers.

Molded acrylic sheet has impact resistance and clarity. Optical superior to glass and is light and customizable for different combinations of colors and design. Cast acrylic sheets are an inexpensive alternative to polycarbonate sheets employed in signage and display uses. Furthermore, they are lighter than glass.

Cast Acrylic Sheets Market Drivers and Restraints:

The industry is motivated by several factors, such as its use in a wide range of applications, excellent mechanical and chemical properties, and low handling cost compared to glass. Cast acrylic sheet is also safer than glass because it won't break, and unlike glass shards, broken pieces of cast acrylic sheet are not sharp. These properties will stimulate demand for cast acrylic sheets during the forecast period.

The escalated call for these sheets in the automotive and architectural fragment can be attributed to the expansion of the global cast acrylic sheet industry. The rising requirement for commercial construction in nations such as Germany, Spain, Russia, etc., is expected to stimulate the cast acrylic sheet market. The extensive use of these sheets in the glass panel is also predicted to encourage positive growth in the global cast acrylic sheet industry.

The increasing use of acrylic sheets at the point of sale and the greater credibility of the products should stimulate sales in the market. An alternative to glass and superior features such as high strength, strength, clarity, lightness, and reduced glare would also have a positive impact on the global cast acrylic sheet market. The increasing industrialization and ease of molding of acrylic also indirectly affect the growth of the business. Acrylic sheets can be molded into any shape by heating them to high temperatures, which also augments the call for acrylic sheets. Furthermore, the increasing industrialization and urbanization indirectly boost the demand for acrylic sheets, which is expected to fuel the global cast acrylic sheet market during the determined period. These technically advanced sheets offer an excellent combination of gloss and uniformity similar to acrylic sheets, which may act as a limitation throughout the foreseen period.

CAST ACRYLIC SHEETS MARKET REPORT COVERAGE:

Cast Acrylic Sheets Market Segmentation

Cast Acrylic Sheets Market - By Process Type:

• Cell cast acrylic sheet

• Continuous cast acrylic sheet

High optical clarity, better machinability, and color compatibility have made cell-cast acrylic sheets the most selected type of procedure. This is also preferred over the continuous cell-type process as it offers better surface resistance and manufacturers incur lower costs for plant installation.

Cast Acrylic Sheets Market - By Application:

• Signage and display

• Sanitaryware

• Architecture and interior design

• Transportation

• Medical

• Food and Catering

• Others

The employment of acrylic sheet casting in signage and display applications is predicted to be the biggest and quickest-rising sector owing to its presence in several colors and strengths. The acrylic sheet is highly employed for advertising applications outside the home.

Cast Acrylic Sheets Market - By Region

The Cast Acrylic Sheets Report includes the segmentation of Regions with their respective Countries.

• North American 

• Europe 

• Asia Pacific 

• Latin America 

• The Middle East & Africa

APAC is the largest and most dynamic market for cast acrylic sheets. Nations like China, India, Japan, and others are the major contributors to the APAC market, accounting for more than half of the regional industry share. The increase in per capita income, the increase in purchasing power, and the increasing urbanization should stimulate the market for cast acrylic slabs in applications such as medicines, food, catering, sanitary ware, etc. architecture and interior design, signage, and exhibition. The surge in advertising spending and the retail sector in India, Indonesia, China, and other countries is presumed to accelerate the market in the APAC region. The Middle East and Africa area is also foreseen to record notable CAGR in the cast acrylic sheet market with the presence of high-quality medical device consumers. The Middle East and Africa region is made up of countries with people with high purchasing power, such as Saudi Arabia, the United Arab Emirates, and Qatar. These countries are large consumers of health products.

Impact of COVID-19 on the Cast Acrylic Sheets Market:

Seeing the delays and uncertainty, content production firms are seeing great losses as they continue to see fixed prices. From the time companies switched to working from home, many corporations canceled filming, which impacted the business of the company. If the situation does not stabilize, the companies will seek to cut wages for permanent employees by 50% -75%.

Recent Developments:

• MARGA CIPTA launches a new molding formulation for manufacturers. PT Margacipta Wirasentosa has developed the latest advance in cell cast acrylic production: MC® Cast Acrylic EZ8.0. EZ8.0 is specially formulated for makers looking to improve weld time and strength.

• Altuglas International, an ancillary of the Arkema group, presents the latest innovation from its Research & Development department: Altuglas® ShieldUp nanostructured acrylic sheet. This acrylic glass is "made like a mesh" and structured on a scale of one billionth of a meter to maximize its characteristics.

Most leading companies listed in the report are:

• 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 (Netherlands)
• 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)
• UB Acrylics (Indonesia)