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?
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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?
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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?
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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.
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Cast Acrylic Sheets Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 3.59% |
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Market growth 2021-2025 |
$ 614.23 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.97 |
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Regional analysis |
APAC, North America, Europe, MEA, and South America |
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Performing market contribution |
APAC at 43% |
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Key consumer countries |
US, China, Germany, UK, and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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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 |
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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 |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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