Cast Acrylic Sheets Market

New Product Launches, Expansions, and Acquisitions were the Key Strategies Adopted by the Leading Players to Strengthen their Positions in the Cast Acrylic Sheets Market Between 2014 and 2017.

The cast acrylic sheets market size is projected to reach USD 4.38 Billion by 2022, at a projected CAGR of 5.8% between 2017 and 2022. Cast acrylic sheets are lightweight, have high transparency and impact resistance. They are majorly used to replace glass, ceramic, and wood in applications such as signage & display, sanitary wares, and architecture & interior design.

New product launches, expansions, and acquisitions were the key strategies adopted by the leading players to strengthen their positions in the cast acrylic sheets market between 2014 and 2017. Some of the leading players operating in the cast acrylic sheets market are Altuglas International (France), Evonik (Germany), Mitsubishi Chemical (Japan), and 3A Composites (Germany). These companies adopted strategies such as new product development, expansions, and acquisitions to expand their product portfolio and extend their reach to new markets.

Altuglas International is a subsidiary of the Arkema Group (France). The company is one of the leading producers of methyl methacrylate (MMA) and polymethyl methacrylate (PMMA) technologies and a global supplier of high-quality acrylic sheets and resins. The company launched a new range of acrylic sheets under the brand Altuglas Metallic & Iridescent in October 2017. These sheets are specially developed for point of purchase displays, shop fitting, interior architecture, and furniture. With this new product, the company has expanded its product portfolio.  

Evonik is a Germany-based company, which sells cast acrylic sheets under its performance materials segment. The company has a presence in over 100 countries across the globe. Furthermore, in March 2017, it started the construction of a new stretching and polishing plant at its Weiterstadt site in Germany. With this expansion, the company aims to cover the complete value chain of the cast and stretched PMMA sheets for the aviation industry.

The strategy of expansion enables industry players to leverage the growing demand for their products in regional and foreign markets through a distribution network, while new product launches help in increasing the customer base and brand value. The Asia Pacific market is experiencing high growth due to the rising demand in emerging economies such as China and India. Several international and domestic industry players are investing in the region through expansions and acquisitions, making it one of the fastest-growing markets for cast acrylic sheets.

Related Reports:

Cast Acrylic Sheets Market by Type (Cell, and Continuous), Application (Sanitary Ware, Signage & Display, Architecture & Interior Design, Automotive & Transportation), and Region (APAC, EU, NA, MEA, and SA)- Global Forecast to 2022

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Report Code
CH 5955
RI Published ON
2/2/2018
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