Growing industrialization and the easy molding property of acrylic is indirectly
Posted by rohan on August 27th, 2019
Acrylic cast sheets are a form of polymethyl methacrylate in which the monomer, methyl methacrylate, is mixed with initiators and other additives and then cast into sheets by using static pressure. These are lightweight and also a shatter-resistant alternative to glass. Cell casting is one of the oldest and costliest methods of producing acrylic sheets. These are employed in architecture and interior designing, sanitary ware and in automotive and transportation application. The size of the cast acrylic sheet market is estimated to rise from USD 3.41 billion in 2018 to USD 4738 billion by 2023, at an annual compound rate of 5.67% between 2018 and 2023.
Market drivers and restraints:
Escalated demand for these sheets in the automotive and architectural sector may be attributed to the growth of the cast acrylic sheets market. Increasing need for commercial construction in countries like Germany, Spain, Russia, etc., is estimated to drive the market for acrylic sheets also the superiority of these sheets over the glass panel is also said to have a positive impact on the cast acrylic sheets market expansion. The increasing use of the cast acrylic sheets in point of purchase and escalated product credibility is estimated to drive the sales of the cast acrylic sheets market.
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Report segmented as:
By sales channel:
On the basis of geography, the market is segregated into Asia Pacific, North America, the Middle East and Africa, South America and Europe. APAC is estimated to be the market leader for the cast acrylic sheets out of which China and India are the leading markets, due to escalated demand for the cast acrylic sheets market and growing urbanization and escalated use in automotive and transportation as well as the rising purchasing power of the customers in this region.
Important market players:
Some of the major players operating in the global cast acrylic sheets market are, Altuglas International, Mitsubishi Chemical, 3A Composites, Evonik, Aristech Acrylics, Gevacril, Ray Chung Acrylic Enterprise and Spartech, among others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
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