Cast Acrylic Sheet Market Trends

Growth Drivers

Rising Use of Touchscreen Devices – The world's smartphone users will total 7 billion in 2023, representing around 86% of the global population. Furthermore, a study shows that smartphone users touch, tap, or swipe their smartphones an average of 2,617 times every day. The use of touchscreens, such as smartphones, tablets, and interactive displays has boosted the demand for cast acrylic sheets. Since, their clarity ensures sharp and vibrant visuals, enhancing the overall user experience.
Improving the Fuel Efficiency of Vehicle– According to the Department of Energy, lowering the weight of a vehicle by 10% can improve fuel efficiency by 6 to 8%. With the rising expenditure on fuel, it has become imperative to manufacture fuel-efficient vehicles. Acrylic sheets are used as lightweight alternatives to glass in automotive windshields and windows. Their high optical clarity allows for excellent visibility while driving and it also improves aerodynamics, reducing air resistance, thereby enhancing the fuel efficiency of the vehicle.
Rising Popularity of LCD and LED Screens – In 2019, smart TV technology, one of the most recent advancements in the television business, accounted for more than 200 million unit sales worldwide. Estimates imply that by 2025, this yearly total could reach 266 million units. Acrylic sheets are lightweight and can be, manufactured in thin dimensions, making them suitable for the slim and compact designs of modern LCD and LED screens.

Challenges

Competition from Alternative Materials - Cast acrylic sheets face competition from alternative materials such as glass, polycarbonate, and specialized films. Various materials have their own unique properties and advantages, making them viable alternatives for certain applications. Manufacturers and customers often evaluate factors such as cost, durability, optical properties, and environmental consideration when selecting material. The presence of competitive materials can limit the growth potential of the cast acrylic sheet market.
Volatile Prices of Raw Materials
Regional Variation of Cast Acrylic Sheet

Cast Acrylic Sheet Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	5.6%
Base Year Market Size (2024)	USD 3.36 billion
Forecast Year Market Size (2037)	USD 6.71 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of cast acrylic sheet is evaluated at USD 3.51 billion.

The cast acrylic sheet market size was valued at USD 3.36 billion in 2024 and is likely to exceed USD 6.71 billion by the end of 2037, expanding at over 5.6% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for lightweight vehicles, growing demand for medical equipment, and rising use of solar panels will boost the market growth.

Asia Pacific industry is anticipated to hold approximately 34% of the revenue share by 2037, owing to increasing urbanization and higher development of smart cities in the region.

The major players in the market include Spartech LLC, Gevacril Srl, Arkema, Trinseo, BASF SE, Evonik Industries AG, 3A Composites GmbH, Mitsubishi Chemical Corporation, PT Astari Niagara Internasional, PyraSied Xtreme Acrylic.

Cast Acrylic Sheet Market Trends