Developing Economies to Provide Impetus to Cast Acrylic Sheets Market
• Cast acrylic sheets are manufactured by pumping methyl methacrylate monomer liquid into a mold made from two sheets of glass. The mold is then submerged in warm water, and the process of polymerization takes place.
• Cast acrylic sheets are utilized as a cost-efficient substitute for diverse materials such as glass, wood, ceramic, and metal.
Key Drivers of Cast Acrylic Sheets Market
• Cast acrylic sheets are a cost-effective substitute for polycarbonate sheets that are used in signage & display applications. Additionally, they are lighter than glass. Increasing use of cast acrylic sheets in point of purchase and displays, in order to increase brand awareness, product credibility, and sales, is expected to drive the cast acrylic sheets market during the forecast period.
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Signage & Display Segment to Offer Attractive Opportunities
• Signage & display is a common application of cast acrylic sheets, which are mostly used in retailing & merchandising. These sheets are used in advertising displays and screens at retail stores, airports, and hotel lobbies. They are extremely strong and provide high weather resistance and hence, are highly popular in internal as well as external signage applications.
• Cast acrylic sheets are a cost-effective substitute for polycarbonate sheets used in signage & display applications. In addition, they are lighter as compared to glass. The increasing use of cast acrylic sheets in point of purchase and displays to increase brand awareness, product credibility, and sales are expected to drive the cast acrylic sheets market in APAC and the Middle East & Africa.
• Increased advertising spend and significant growth of the retail industry is expected to fuel the demand for cast acrylic sheets market in signage & display segment.
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Availability of Low-Cost Substitutes to Hamper Market:
• Cast acrylic sheets faces stiff competition from counterparts such as polycarbonate sheets, glass, and extruded acrylic sheets. This technically advanced sheets provide excellent combination of brightness and uniformity as of cast acrylic sheets which may hinder market’s growth during the forecast period
• Cast acrylic sheets have several low-cost alternatives such as glass and extruded acrylic sheets, which are used where low quality is acceptable. However, the recent exponential rise in the price of the cast of acrylic sheets due to a shortage of raw materials has further increased the gap of raw material cost.
• Cast acrylic sheets are used as a cost-efficient substitute for materials such as glass, wood, ceramic, and metal in automotive, signage & display applications. The focus on reducing the weight of products is driving the growth of the cast acrylic sheets market.
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