The global cast acrylic sheet market was valued at $2.5 billion in 2021 and it is expected to reach $5.2 billion at a CAGR of 6.8% between 2022 and 2032. Cast acrylic sheets are frequently used in place of glass for a variety of industrial and medical equipment because of their unique qualities, including high strength, lightweight, anti-fogging capability, and clarity. This is one of the main factors boosting demand for cast acrylic sheets.
By region, Asia-Pacific region estimated to gain significant share for the flip flops market globally.
Due to its distinctive properties, such as high strength, lightweight, anti-fogging ability, and clarity, cast acrylic sheets are commonly used in place of glass for a variety of industrial and medical equipment. One of the key elements driving up demand for cast acrylic sheets is this. In addition, cast acrylic sheet is the best material for structural glazing because of their strength. Structural glazing is needed to create windows that are resistant to weather and storms, huge, bulletproof windows, sturdy skylights, and even clean rooms. These are made using the continuous cast and cell cast techniques.
Source: SAI Research
Cast acrylic sheets are widely utilized in a range of applications, from replacing window glass to structural gazing, due to their impact resilience and exceptional flexibility. Due to the increasing demand for materials and components that are lightweight for the production of automobile parts, these are also employed in the automotive industry. Moreover, as a perfect substitute for glass in skylights, aquariums, mirrors, partitions, shelf panels, and other applications, cast acrylic sheets have long been known. Furthermore, the market for cast acrylic sheets has had a development curve due to worrisome environmental concerns and a paradigm change toward a more sustainable growth model.
Glass, polycarbonate, and extruded acrylic sheets are fierce rivals of acrylic sheets. Similar to acrylic sheets, these technologically upgraded sheets offer a superb combination of brightness and homogeneity. During the anticipated period, this is probably going to hurt the market. Glass is a low-cost alternative to acrylic sheets that are used in applications where low quality is acceptable.
Acrylic sheets are utilized in automotive and signs & display applications as an affordable alternative to materials including glass, wood, ceramic, and metal. The demand for acrylic sheets is being driven by an increased focus on product weight reduction. However, as the market for cast acrylic sheets develops, some market scenarios may emerge that could prevent the market from expanding over the forecast period, which will conclude in 2032.
Based on process type, the cell cast acrylic sheet segment accounted for the largest share of this market and is also expected to get most of the market share. This method of processing is simpler to use, labor-intensive, results in better-saturated color and costs little to set up. The high molecular weight of the material makes cutting, drilling, and routing easier. However, the continuous cast acrylic sheet segment is also estimated to become the second-highest category in the future. Additionally, this can be attributed to these sheets' lower cost when compared to cell cast sheets. To maintain a constant and uniform thickness throughout the entire sheet, continuous-cast acrylic sheets are thought to be far superior to the more common cell-cast acrylic sheets.
In terms of application type, the architecture and interior design category hold most of the market share. Moreover, cast acrylic sheets have the most growth potential in this market due to their superior weather resistance, low weight, ease of manufacture, color, and high transparency. Additionally, cast sheets are exceptionally sturdy, making them the best choice for applications involving structural glazing. However, the demand for cast acrylic sheets is also likely to be influenced by the automobile industry's growing requirement for lightweight materials, as well as the modernization of airports, bus stops, and train stations.
Geographically, the Asia-Pacific region has been dominating the market and is also projected to hold its dominant position during the forecast period. Japan, China, and India are thought to account for more than half of the regional market's share. Cast acrylic sheet demand is anticipated to grow across several industries due to increase per capita income, rising purchasing power, and rising urbanization. Additionally, in addition to this, the region benefits greatly from the accessibility of inexpensive labor, raw materials, and other resources. On the other hand, the North American region is also projected to become the second-highest market in the future. In this region, cast acrylic sheet demand is anticipated to increase significantly over the next few years due to rising auto sales.
According to the study, key players such as Asia Poly Industrial (Malaysia), Astari Global (Indonesia), Acrilex (Brazil), Chemical Corporation (China), Elastin International (Taiwan), Jokema Industry (Taiwan), Mitsubishi Chemical Corporation (Japan), Perpex International (U.K), Spartech Corporation (U.S), RAG-Stiftung (Germany), Siam Cement Group (Thailand), Shanghai Acrylic (China), Schweiter Technologies (Switzerland), Trinseo (U.S), among others are leading the global cast acrylic sheet market.
|Market Size in 2021||US$ 2.5 Billion|
|Market Volume Projection by 2032||US$ 5.2 Billion|
|Forecast Period 2022 to 2032 CAGR||6.8%|
|Historical Data||2019, 2020 and 2021|
|Forecast Period||2022 to 2032|
By Process Type: Cell, Continuous & Others
By Application Type: Sanitary Ware, Transportation, Medical, Food and Catering, Architecture and Interior Design & Others
North America, Europe, Asia-Pacific, LAMEA
|Companies covered||Asia Poly Industrial (Malaysia), Astari Global (Indonesia), Acrilex (Brazil), Chemical Corporation (China), Elastin International (Taiwan), Jokema Industry (Taiwan), Mitsubishi Chemical Corporation (Japan), Perpex International (U.K), Spartech Corporation (U.S), RAG-Stiftung (Germany), Siam Cement Group (Thailand), Shanghai Acrylic (China), Schweiter Technologies (Switzerland), Trinseo (U.S), among others.|
The Global Cast Acrylic Sheet Market Has Been Segmented Into:
The Global Cast Acrylic Sheet Market – by Process Type:
The Global Cast Acrylic Sheet Market – by Application Type:
The Global Cast Acrylic Sheet Market – by Regions: