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Cast Acrylic Sheets Market by Type (Cell, and Continuous), Application (Sanitary Ware, Signage & Display, Architecture & Interior Design, Automotive & Transportation), and Region (APAC, EU, NA, MEA, and SA)- Global Forecast to 2022


Product Code : MNMCH00109339
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“Cast acrylic sheets market is projected to grow at a CAGR of 5.8%, in terms of value, between 2017 and 2022.”
The cast acrylic sheets market size is expected to grow from an estimated USD 3.31 billion in 2017 to reach USD 4.38 billion by 2022, at a CAGR of 5.8% between 2017 and 2022. Cast acrylic sheets are favored for their advantages such as lightweight and high transparency and impact resistance. They are used as a substitute for materials such as glass, ceramic, and wood in sanitary ware, architecture & interior design, and signage & display applications. The growing demand for lightweight materials from the automotive, aerospace, construction, and furniture industries is projected to drive the market for cast acrylic sheets during the forecast period. However, this growth can be affected by the availability of alternatives offering high quality or low costs such as polycarbonate, extruded acrylic sheets, and glass.
“The cell cast acrylic sheet type segment is projected to grow at the highest CAGR between 2017 and 2022.”
Cell cast acrylic sheets provide best optical clarity, greater surface hardness, and higher molecular weight. Due to the high molecular weight, it is cleaner to cut, drill, and rout. Customized colors and special effects are easily available in cell cast acrylic sheets. In addition, investments and cost of equipment used in the production of cell cast acrylic sheets are less than in extruded cast sheets and continuous cast sheets.

“Asia Pacific was the largest market for cast acrylic sheets in 2016.”
APAC is the largest market for cast acrylic sheets, and this trend is expected to continue till 2022. China and India are the key markets in the region, contributing to the majority of the total demand for cast acrylic sheets in the APAC region. Japan and South Korea are the other key markets in the region.
The increase in demand for cast acrylic sheets from the automotive & transportation, architecture & interior design, and sanitary ware industries in APAC can be attributed to continued urbanization and the rising purchasing power of consumers in the region. The focus on reducing the weight of vehicles to increase fuel efficiency and reduce the GHG emissions is driving the use of cast acrylic sheets in the automotive & transportation industry in the region. Increasing advertising spends in countries such as China, India, and Indonesia is estimated to drive the demand for cast acrylic sheets in the signage & display segment.
Extensive primary interviews were conducted to determine and verify the market sizes of various segments and subsegments of the cast acrylic sheets market.
The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
• By Designation - C level – 21%, Director level – 23%, and Others – 56%
• By Region - North America – 30%, Europe – 18%, Asia Pacific– 41%, and RoW- 11%

Key companies operating in the cast acrylic sheets market are Altuglas International (France), Aristech Acrylics (US), Evonik (Germany), Mitsubishi Chemical (Japan), and 3A Composites (Germany).

Research Coverage:
This research report categorizes the cast acrylic sheets market based on type, application, and region. The report includes detailed information regarding major factors such as drivers, restraints, challenges, and opportunities, influencing the growth of the cast acrylic sheets market. A detailed analysis of key industry players has been undertaken to provide insights into their businesses and products & services offered by them. The report also discusses key strategies, such as expansions, mergers & acquisitions, new product developments, and agreements adopted by the leading players to strengthen their position in the cast acrylic sheets market.


Reasons to Buy the Report
The report is expected to help the market leaders/new entrants in this market in the following ways:

1. This report segments the cast acrylic sheets market comprehensively and provides the closest approximations of the sizes for the overall market and its subsegments across different verticals and regions.

2. The report is expected to help stakeholders understand the pulse of the market and provide them information on key market drivers, such as restraints, challenges, and opportunities influencing the growth of the cast acrylic sheets market.

3. This report is expected to help stakeholders understand major competitors in the cast acrylic sheets market and gain insights to enhance their position. The competitive landscape section includes detailed information on expansions, acquisitions, and new product developments in the market.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 UNITS CONSIDERED 16
1.6 LIMITATIONS 16
1.7 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primary interviews 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 23
2.2.2 TOP-DOWN APPROACH 24
2.3 DATA TRIANGULATION 25
2.4 RESEARCH ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN CAST ACRYLIC SHEETS MARKET 31
4.2 APAC CAST ACRYLIC SHEETS MARKET, BY APPLICATION AND COUNTRY 32
4.3 CAST ACRYLIC SHEETS MARKET, BY REGION 32
4.4 CAST ACRYLIC SHEETS MARKET, BY TYPE 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 MARKET DYNAMICS 34
5.2.1 DRIVERS 35
5.2.1.1 Better properties as compared to glass 35
5.2.1.2 Growing demand for lightweight materials in the end-use industries 35
5.2.2 RESTRAINTS 36
5.2.2.1 Availability of low-cost substitutes 36
5.2.3 OPPORTUNITIES 36
5.2.3.1 Urbanization to create opportunities for cast acrylic sheets in visual communication and retail industries 36
5.2.3.2 Forward integration by raw material suppliers 36
5.2.4 CHALLENGES 37
5.2.4.1 Shortage of raw material supply 37
5.3 PORTER’S FIVE FORCES ANALYSIS 37
5.3.1 BARGAINING POWER OF BUYERS 37
5.3.2 BARGAINING POWER OF SUPPLIERS 38
5.3.3 THREAT OF NEW ENTRANTS 38
5.3.4 THREAT OF SUBSTITUTES 38
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 39
5.4 MACROECONOMIC INDICATORS 39
5.4.1 GDP GROWTH RATE FORECAST OF MAJOR ECONOMIES 39
5.4.2 CARS AND COMMERCIAL VEHICLE PRODUCTION, BY COUNTRY, 2015-2016 40
5.4.3 TRENDS IN SANITARY WARE PRODUCTION 41
6 CAST ACRYLIC SHEETS MARKET, BY TYPE 42
6.1 INTRODUCTION 43
6.2 CELL CAST ACRYLIC SHEET 44
6.3 CONTINUOUS CAST ACRYLIC SHEET 45
7 CAST ACRYLIC SHEETS MARKET, BY APPLICATION 47
7.1 INTRODUCTION 48
7.2 SIGNAGE & DISPLAY 49
7.3 SANITARY WARE 50
7.4 ARCHITECTURE & INTERIOR DESIGN 52
7.5 AUTOMOTIVE & TRANSPORTATION 53
7.6 OTHERS 56
8 CAST ACRYLIC SHEETS MARKET, BY REGION 58
8.1 INTRODUCTION 59
8.2 NORTH AMERICA 61
8.2.1 US 64
8.2.2 CANADA 65
8.2.3 MEXICO 66
8.3 APAC 67
8.3.1 CHINA 71
8.3.2 JAPAN 72
8.3.3 INDIA 73
8.3.4 SOUTH KOREA 74
8.3.5 INDONESIA 75
8.3.6 THAILAND 76
8.3.7 REST OF APAC 77
8.4 EUROPE 79
8.4.1 UK 82
8.4.2 GERMANY 83
8.4.3 ITALY 84
8.4.4 FRANCE 85
8.4.5 REST OF EUROPE 86
8.5 MIDDLE EAST & AFRICA 88
8.5.1 SAUDI ARABIA 90
8.5.2 UAE 91
8.5.3 REST OF MIDDLE EAST & AFRICA 92
8.6 SOUTH AMERICA 93
8.6.1 BRAZIL 95
8.6.2 ARGENTINA 96
8.6.3 REST OF SOUTH AMERICA 97
9 COMPETITIVE LANDSCAPE 98
9.1 OVERVIEW 98
9.2 MARKET RANKING 99
9.3 COMPETITIVE SITUATION AND TRENDS 100
9.3.1 MERGERS & ACQUISITIONS 100
9.3.2 EXPANSIONS 100
9.3.3 NEW PRODUCT DEVELOPMENTS 100
9.3.4 JOINT VENTURES 100
10 COMPANY PROFILES 101
(Overview, Financial*, Products & Services, Strategy, and Developments)
10.1 MITSUBISHI CHEMICAL CORPORATION 101
10.2 EVONIK 103
10.3 ALTUGLAS INTERNATIONAL 105
10.4 3A COMPOSITES GMBH 107
10.5 ARISTECH ACRYLICS 109
10.6 MADREPERLA 111
10.7 GEVACRIL 112
10.8 SPARTECH 113
10.9 ASTARI NIAGARA 114
10.10 PYRASIED XTREME ACRYLIC 115

10.11 OTHER KEY MARKET PLAYERS 116
10.11.1 ASIA POLY INDUSTRIAL 116
10.11.2 MARGACIPTA WIRASENTOSA 116
10.11.3 RAY CHUNG ACRYLIC ENTERPRISE 116
10.11.4 GRUPO IRPEN 116
10.11.5 POLYPLASTIC 116
10.11.6 THAI MMA CO., LTD. 117
10.11.7 JOKEMA INDUSTRY 117
10.11.8 ACRILEX 117
10.11.9 SHANGHAI ACRYLIC (CAST) CHEMICAL CORPORATION 117
10.11.10 LIMACRYL 117
*Details might not be captured in case of unlisted companies.
11 APPENDIX 118
11.1 INSIGHTS FROM INDUSTRY EXPERTS 118
11.2 DISCUSSION GUIDE 119
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 121
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 123
11.5 AVAILABLE CUSTOMIZATIONS 124
11.6 RELATED REPORTS 124
11.7 AUTHOR DETAILS 125

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