Cast Acrylic Sheets Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3552
Cast Acrylic Sheets Market size is set to witness lucrative gains to 2025 influenced by its unique characteristics including high strength, clarity, light weight, resistance proof, glare reduction and anti-fogging. Moreover, increasing demand from building and construction industry supported by growing urbanization is another reason uplifting demand of cast acrylic sheets market. Because cast acrylic sheets are very lightweight and flexible in designing, these sheets are also utilized in automobile sector to improve the appearance of vehicles.
Cast Acrylic is a moisture resistant, transparent and almost half weight as compared to ordinary glass but seventeen times stronger at the same time. Cast acrylic possess comparatively higher molecular weight then extruded acrylic which makes it a better option for machining, laser cutting and shaping operations. Cast acrylic sheets are used at any areas where both strong and an attractive surface is required.
The major factor hindering cast acrylic sheets market growth is availability of cheaper substitutes. Glass while providing almost same benefits, is available in quite cheaper prices in the market. Furthermore, cast acrylics sheets scratches easily as compared to glass which clearly indicates that it needs more care while handling to reduce scratching rate. The other disadvantage of using cast acrylic is that is less strong than other synthetics and is non resistive to matting. Last and the most important factor limiting the growth is non- biodegradable nature of acrylic sheets which makes it more difficult to recycle.
Global cast acrylic sheets market is segmented based on type which covers Cell Cast Acrylic Sheet and Continuous Cast Acrylic Sheet. Cell cast acrylic sheets satisfies the needs of almost all applications. cell cast acrylic sheet has various residential, industrial, commercial and professional applications. some of its application areas hockey rinks, optical lenses, aquariums etc. on the other hand, continuous cast acrylic sheet exists as a cost-effective solution for cell cast acrylic sheets. Continuous cast acrylic sheets are created through pouring polymerized acrylic into steel platforms and then cooling and heating continuously between polished steel plate to produce a final stable product. This category is the material of best choice for skylight, hot spa, event display, sign manufacturers and many others.
Cast acrylic sheets are used in a wide range of application including building and construction, structural and commercial glazing, displays, trade shows, exhibits and conventional displays, recreation, metal and plastic fabrication and others. Building and construction segment has the highest growth potential for cast acrylic sheets. In the designers and architects’ mind, cast acrylic sheets are the top priority for elegant building designs owing to excellent weather resistant ability, light weight, easy fabrication, colorful and high transparency. Adding further, cast sheets are quite strong which makes them best to be used in structural glazing applications. Cast acrylic sheets can create storm and weather resistant window, durable skylights, bulletproof windows.
Asia Pacific cast acrylic sheets market to see highest growth followed by North America. The demand for cast acrylic sheets in Asia Pacific is triggered by rapid urbanization, economic growth and increasing income of consumers in the countries. rising wealth in Asian countries is expected to fuel the demand for more spending on infrastructure. There has been a high rate of urbanization in emerging economies of Asia Pacific as people move from countryside to big cities for work purpose. However, in USA, the progression for smart city has been accelerating which in turn is expected to drive to north America cast acrylic sheets market.
Global cast acrylic sheets market is quite competitive due to the presence of various small as well as big industry players in international market. Several key players indulged in this industry are Aristech Surfaces LLC, Evonik Industries, Perspex International, Arkema, Mitsubishi Chemical Corporation, Schweiter Technologies and many others.
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