Cast Acrylic Sheet Market Regional Analysis:
APAC Market Insights
The cast acrylic sheet market in Asia Pacific is anticipated to expand at the greatest CAGR in the near future, with a share of approximately 34% by the end of 2035. The growth of the market can be attributed majorly to the increasing urbanization and higher development of smart cities. In the next 20 years, the Asia Pacific’s cities will house an additional 1.1 billion people. Over fifty-five percent of Asia's population will be urban by 2030. Furthermore, many countries in the region are experiencing favorable economic growth, resulting in consumer spending on products made up of cast acrylic sheets, such as home furnishings, retail displays, and other consumer goods.
The region's need for fuel is increasing, indicating the rise of the automobile and aerospace industries, which in turn boosts the region's usage of cast acrylic sheets for manufacturing components. Fuel demand in India is expected to rise 5.5% in the upcoming fiscal year, which begins on April 1, 2023.
North America Market Insights
The North America cast acrylic sheet market will grow and will secure a significant revenue of around 27% of the total by the end of 2035. The rising development of new infrastructures is the primary growth factor region’s market growth. Based on data from the US Census Bureau and the US Department of Housing and Urban Development, 1,524,000 permits for construction were issued in February 2023. Moreover, 1,45,000 residential projects were started and 1,557,000 house constructions have been finished.
