Moreover increasing demand from building and construction industry supported by growing urbanization is another reason uplifting demand of cast acrylic sheets market.
Cast acrylic sheets market.
The cast acrylic sheets market in the u s.
Cast acrylic sheets market overview the global cast acrylic sheets market is expected to rise from 3 3 billion in 2019 to 4 4 billion with a compound annual rate of 6 1 between 2020 and 2025.
How big is the global cast acrylic sheets market.
The cast acrylic sheet market comprises several stakeholders such as raw material suppliers processors fabricators end product manufacturers and regulatory organizations in the supply chain.
Better properties as compared to glass.
The major driving factors of cast acrylic sheets market are as follows.
Cast acrylic sheets market worldwide is projected to grow by us 1 3.
Global cast acrylic sheets market is estimated to grow from its initial estimated value of usd 3 47 billion in 2018 to an estimated value of usd 5 48 billion by 2026 registering a cagr of 5 88 in the forecast period of 2019 2026.
The demand side of this market is characterized by the development of the advertising industry food catering led and lcd screens medical.
The major factor driving the cast acrylic sheets industry during the forecast period includes increasing expenditure on outdoor advertising growing demand for lightweight material as a replacement for glass and its usage in a wide range of applications such as signage.
The cast acrylic sheets market is expected to be around us 4 80 billion by 2025 at a cagr of 6 in the given forecast period.
Cast acrylic sheets market size is forecast to reach 4 6 billion by 2025 after growing at a cagr of 6 3 during 2020 2025.
China the world s second largest economy is forecast to reach a projected market size of us 833 1 million by the year 2027 trailing a cagr of 7 2 over the analysis period 2020 to 2027.
Is estimated at us 805 million in the year 2020.
Cast acrylic sheets market size is set to witness lucrative gains to 2025 influenced by its unique characteristics including high strength clarity light weight resistance proof glare reduction and anti fogging.