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    Cast Acrylic Sheet Market | Covid-19 Impact Analysis

    Cast Acrylic Sheet Market | Covid-19 Impact Analysis

    Cast Acrylic Sheet Market | Covid-19 Impact Analysis
    Report code - SRAM365 Delivery - 2 Weeks
    Cast Acrylic Sheet Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Cast Acrylic Sheet Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Cast Acrylic Sheet Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Cast Acrylic Sheet Market Insights

    Cast Acrylic Sheet Market is likely to witness an impressive CAGR of 6.1% during the forecast period. The major factor driving the market for cast acrylic sheet is its demand in various end-use industries, owing to its scratch resistant, environment-friendly, and lightweight properties. In addition, the sheet is also safer than glass as it does not shatter, and unlike glass shards, broken cast acrylic sheet pieces are not sharp.

    Cast Acrylic Sheet Market – Snapshot

    Growth

    6.1% for the next five years

    Major Application Type

    Signage & Display

    Dominant Process Type

    Cell Cast Acrylic Sheet

    Region with the highest demand

    Asia Pacific

    Key Players

    Mitsubishi Chemical Corporation, Altuglas International,

    Evonik Industries AG, Polyplastic Co. Ltd,

    Asia Poly Industrial Sdn Bhd., 3A Composites Gmbh,

    Aristech Acrylics LLC, Acrilex Inc.,

    Chemical Corporation Pvt. Ltd., Spartech Corporation

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    Market Share Analysis

    Cast Acrylic Sheet Market Share: By Process Type

    Based on the process type, the market is segmented as cell and continuous cast acrylic sheet. Cell cast acrylic sheet type is likely to be the larger and faster-growing process type during the forecast period. This process type is easier to use, is low labor-intensive, produces better-saturated color, and requires low set-up cost. It is cleaner to cut, drill, and rout owing to its high molecular weight. All these factors are likely to drive the growth of the segment during the forecast period.

    Cast Acrylic Sheet Market Share: By Application Type

    Based on the application type, the market is segmented as architecture & interior design, sanitary ware, signage & display, transportation, medical, food & catering, and others. The signage & display application type segment is estimated to be the largest as well as fastest-growing segment, owing to its availability in different colors and strength, during the forecast period. In addition, increasing need for lightweight material in automotive industry, modernization of railway stations, bus stands and airports are the major factors which are likely to drive the demand for cast acrylic sheets.

    Cast Acrylic Sheet Market Share: By Region

    In terms of region, Asia-Pacific is likely to be the largest and fastest-growing market for cast acrylic sheet. It is estimated that more than half of the regional market’s share is accounted by Japan, China, and India. Rising per capita income, rising purchasing power coupled with the increasing urbanization are expected to drive the cast acrylic sheet market in various industries, such as sanitary ware, food & catering, medical, signage & display, and architecture & interior design.

    Some of the major cast acrylic sheet manufacturers are-

    • Mitsubishi Chemical Corporation
    • Altuglas International
    • Evonik Industries AG
    • Polyplastic Co. Ltd
    • Asia Poly Industrial Sdn Bhd.
    • 3A Composites Gmbh
    • Aristech Acrylics LLC
    • Acrilex Inc.
    • Chemical Corporation Pvt. Ltd.
    • Spartech Corporation

     

    Market Scope & Segmentation

    Acrylic cast sheets are a form of polymethyl methacrylate in which monomer such as, methyl methacrylate is added with initiators and other additives, which then casted into sheets by using static pressure. The sheets can be colored or opaque and are numerously coated for enhancing finishing and solar reflectivity. They have a wide range of applications which include signage, large-screen LCDs, interactive screens, display cases, skylights, furniture, aquariums, mirrors, office stationery, shelf panels, partitions, solar panels, and transportation.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Cast Acrylic Sheet Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    14

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The cast acrylic sheet market is segmented into the following categories. 

    Cast Acrylic Sheet Market Size, Share, & Forecast, by Process Type:

    • Cell (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Continuous (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Cast Acrylic Sheet Market Size, Share, & Forecast, by Application Type:

    • Architecture & Interior Design (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sanitary Ware (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Signage & Display (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food &Catering (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Cast Acrylic Sheet Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the process types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Cast Acrylic Sheet Market in the foreseeable future?

    Driven by the factors like its scratch resistant; environment-friendly and lightweight properties, the cast acrylic sheet market is expected to witness an impressive growth of 6.1% CAGR.

    Which type of application is expected to be the fastest-growing segment?

    The signage & display application type segment is expected to be the fastest-growing segment in the cast acrylic sheet market.

    Who are the key players in the Cast Acrylic Sheet Market?

    Mitsubishi Chemical Corporation, Altuglas International, Evonik Industries AG, Polyplastic Co. Ltd, Asia Poly Industrial Sdn Bhd., 3A Composites Gmbh, Aristech Acrylics LLC, Acrilex Inc., Chemical Corporation Pvt. Ltd., and Spartech Corporation are among the key players in the cast acrylic sheet market.

    Which country/region is expected to remain the largest Cast Acrylic Sheet Market?

    Asia-Pacific is expected to remain the largest market for cast acrylic sheet during the next five years.

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