According to a market report, published by Sheer Analytics and Insights, 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 a subset of polymethyl methacrylate components that are created by mixing the polymer with various chemicals and additives to give it improved qualities and characteristics. This liquid methyl methacrylate is then processed by being sandwiched between two sheets of glass to form the acrylic sheets. The product is made shatter-resistant and can be designed in a variety of colors and patterns for architectural uses thanks to the inclusion of various additives and chemicals. Additionally, cell-cast acrylic sheets have become the standard process type for cast acrylic sheets because of their greater optical clarity, improved machinability, and color compatibility. This is also replacing continuous cell process types as the favored option because it is known to offer superior surface strength and market producers incurs lower setup costs for the manufacturing facilities.
The market for cast acrylic sheets is being driven by several important factors, including the increasing demand for lightweight materials in end-use industries, better chemical and mechanical properties than glass, rising industrialization and urbanization in some developing regions, rising economic growth and consumer income in the countries, and rising wealth in Asian countries. Moreover, the cast acrylic sheets market potential will grow during the projected period of 2022–2032 due to increased retail markets in emerging nations and an increase in the replacement of traditional glass screens with cast acrylic sheets. These major factors would accelerate the market growth in the future.
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Furthermore, a cast acrylic sheet is the best material for structural glazing because of its 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. Since it offers a better level of optical clarity, stronger surface hardness, along with a higher level of molecular weight, the cell-cast acrylic sheet type is also gaining popularity for usage in the industry. The items on the market are easier to cut, drill, and route due to their larger molecular weight. These rising factors are expected to create more growth opportunities for the cast acrylic sheet market.
On the other hand, some factors could hamper the market in the future. For instance, some of the key characteristics of acrylic sheets include their high strength, lightweight, clarity, anti-fogging ability, and glare reduction. Additionally, expanding urbanization and industry indirectly fuel demand for acrylic sheets. They are lighter than glass as well. During the forecast period, the worldwide acrylic sheets market is anticipated to be driven by a growth in the use of cast acrylic sheets in displays and points-of-purchase to boost brand awareness, product credibility, and sales.
Some new developments in the global cast acrylic sheet market:
According to the study, key players dominating the global cast acrylic sheet market are 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:
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