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Cast Acrylic Sheets Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71812
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The cast acrylic sheets market share is expected to increase by USD 614.23 million from 2020 to 2025, at a CAGR of 3.59%.

This cast acrylic sheets market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cast acrylic sheets market segmentation by application (sanitary ware, automotive and transportation, signage and display, and architecture and interior design) and geography (APAC, North America, Europe, MEA, and South America). The cast acrylic sheets market report also offers information on several market vendors, including 3A Composites Holding AG, Aristech Surfaces LLC, Arkema SA, Evonik Industries AG, Gevacril, MADREPERLA S.p.a., Mitsubishi Chemical Corp., PT Astari Niagara Internasional, Pyrasied Xtreme Acrylic, and Spartech among others.

What will the Cast Acrylic Sheets Market Size be During the Forecast Period?

Cast Acrylic Sheets Market Size

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"The US, Canada, and Mexico are some of the major contributors to the cast acrylic sheets market in the region, owing to their increased automotive purchase and the demand for signage and digital displays."

Cast Acrylic Sheets Market: Key Drivers and Trends

The increasing demand for cast acrylic sheets from the automotive industry is notably driving the cast acrylic sheets market growth, although factors such as fluctuating crude oil prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cast acrylic sheets industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cast Acrylic Sheets Market Driver

The increase in demand from the automotive industry is one of the key drivers for cast acrylic sheets market growth. The cast acrylic sheets are extensively used in the automotive industry as they are lightweight, scratch-resistant, and environment-friendly. Moreover, the design flexibility makes them easy in various vehicle applications such as ambient lighting, decorative trim, and door entry strips, which are essential parts of automotive glazing. Considering the quality they offer and use flexibility, the demand for cast acrylic sheets was high in the automotive industry in 2021, and the trend is expected to remain the same during the forecast period.

Key Cast Acrylic Sheets Market Challenge

The fluctuating crude oil prices is a key challenge for the cast acrylic sheet market growth. Cast acrylic acid and other crude oil products are used in the manufacturing of cast acrylic sheets. Therefore, fluctuations in crude oil prices are also impacting the manufacturing costs, compelling the vendors to adopt various cost-cutting measures. Furthermore, there are emissions of harmful gases during the cutting, edging, machining, and finishing of cast acrylic sheets, resulting in the imposing of stringent regulations. Thus, variations in the prices of crude oil are expected to have a threat to the global cast acrylic market during the forecast period.

This cast acrylic sheets market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Market Overview

The parent global specialty chemicals market covers companies engaged in the manufacturing of various types of products under organic and inorganic chemicals. The global specialty chemicals market covers products and companies engaged in high value-added chemicals used in the manufacture of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. 

Who are the Major Cast Acrylic Sheets Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 3A Composites Holding AG
  • Aristech Surfaces LLC
  • Arkema SA
  • Evonik Industries AG
  • Gevacril
  • MADREPERLA S.p.a.
  • Mitsubishi Chemical Corp.
  • PT Astari Niagara Internasional
  • Pyrasied Xtreme Acrylic
  • Spartech

 

This statistical study of the cast acrylic sheets market encompasses successful business strategies deployed by the key vendors. The cast acrylic sheets market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cast acrylic sheets market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Cast Acrylic Sheets Market?

Cast Acrylic Sheets Market Market segmentation by region

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43% of the market's growth will originate from APAC during the forecast period. China is the key market for cast acrylic sheets market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Cast Acrylic Sheets Market?

Cast Acrylic Sheets Market Segmentation

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The cast acrylic sheets market share growth by the sanitary ware segment will be significant during the forecast period. The superior performance of the cast acrylic sheets enables them to be used widely in the manufacturing of high-quality sanitary ware such as bath fittings, bathtubs, faucets, washtubs. Moreover, the cast acrylic sheets offer exceptional glazing effect, cutting tolerance, and a long service life along with being light in weight than the traditional glass. Also, products manufactured with cast acrylic sheets are easy to clean and maintain, hence, the market demand is expected to be high in the sanitary ware segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cast acrylic sheets market size and actionable market insights on post COVID-19 impact on each segment.

 

Cast Acrylic Sheets Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 3.59%

Market growth 2021-2025

$ 614.23 million

Market structure

Fragmented

YoY growth (%)

3.97

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Germany, UK, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3A Composites Holding AG, Aristech Surfaces LLC, Arkema SA, Evonik Industries AG, Gevacril, MADREPERLA S.p.a., Mitsubishi Chemical Corp., PT Astari Niagara Internasional, Pyrasied Xtreme Acrylic, and Spartech

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Cast Acrylic Sheets Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cast acrylic sheets market growth during the next five years
  • Precise estimation of the cast acrylic sheets market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cast acrylic sheets industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cast acrylic sheets market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Sanitary ware - Market size and forecast 2020-2025
    • Automotive and transportation - Market size and forecast 2020-2025
    • Signage and display - Market size and forecast 2020-2025
    • Architecture and interior design - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Competitive Scenario
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 3A Composites Holding AG
      • Aristech Surfaces LLC
      • Arkema SA
      • Evonik Industries AG
      • Gevacril
      • MADREPERLA S.p.a.
      • Mitsubishi Chemical Corp.
      • PT Astari Niagara Internasional
      • Pyrasied Xtreme Acrylic
      • Spartech

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      Cast Acrylic Sheets market growth will increase by $614.23 million during 2020-2025.
      The cast acrylic sheets market is expected to grow at a CAGR of 3.59% during 2020-2025.
      Technavio has segmented the cast acrylic sheets market by application (Sanitary ware, Automotive and transportation, Signage and display, and Architecture and interior design) and geographic (APAC, North America, Europe, MEA, and South America).
      3A Composites Holding AG, Aristech Surfaces LLC, Arkema SA, Evonik Industries AG, Gevacril, MADREPERLA S.p.a., Mitsubishi Chemical Corp., PT Astari Niagara Internasional, Pyrasied Xtreme Acrylic, Spartech are a few of the key vendors in the cast acrylic sheets market.
      APAC will register the highest growth rate of 42.58% among the other regions. Therefore, the cast acrylic sheets market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the cast acrylic sheets market growth are:
      • Increasing demand for cast acrylic sheets from the automotive industry
      The cast acrylic sheets market vendors should focus on grabbing business opportunities from the sanitary ware segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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