Product Code: ETC4507285 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India cast acrylic sheet market import shipments demonstrated robust growth with a CAGR of 26.3% from 2020 to 2024. The growth rate between 2023 and 2024 moderated slightly to 4.3%, indicating a stable expansion trend with sustained momentum in the market.
Cast acrylic sheets are used in signage, architecture, and retail displays due to their clarity and durability. As the construction and retail sectors in India thrive, the demand for cast acrylic sheets for design and branding applications is on the rise.
The India cast acrylic sheet market is expanding as acrylic sheets find applications in signage, advertising, and interior design. The aesthetic appeal, clarity, and versatility of cast acrylic sheets make them a preferred choice in various creative and commercial projects. The growth of retail and architectural sectors is boosting the market.
The cast acrylic sheet market in India faces challenges related to the perception of acrylic as a premium material. Overcoming the perception of high cost and demonstrating the durability and versatility of cast acrylic sheets is a significant challenge. Market players need to work on educating potential customers about the various applications and benefits of cast acrylic sheets. Furthermore, competition from other transparent materials, such as glass and polycarbonate, requires constant innovation in the market.
The India cast acrylic sheet market was impacted by the COVID-19 pandemic, with restrictions on construction and reduced demand from industries like retail and hospitality. While the market faced challenges, the healthcare and signage sectors witnessed an uptick in demand for acrylic sheets for protective barriers and signage applications. As construction and retail sectors gradually recover, the market is expected to see a resurgence in demand for decorative and functional acrylic sheets.
Companies like Astari, Madhu Glas Pvt. Ltd, Garware-Wall Ropes, and Plazit-Polygal are significant players in India cast acrylic sheet market, providing high-quality acrylic sheets for various applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cast Acrylic Sheet Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cast Acrylic Sheet Market Revenues & Volume, 2021 & 2031F |
3.3 India Cast Acrylic Sheet Market - Industry Life Cycle |
3.4 India Cast Acrylic Sheet Market - Porter's Five Forces |
3.5 India Cast Acrylic Sheet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Cast Acrylic Sheet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Cast Acrylic Sheet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in various industries such as automotive, construction, and signage. |
4.2.2 Growth in the construction sector in India, particularly in the commercial and residential segments. |
4.2.3 Rising awareness about the benefits of cast acrylic sheets over traditional materials like glass. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, particularly for methyl methacrylate (MMA), a key component in manufacturing cast acrylic sheets. |
4.3.2 Intense competition from alternative materials like polycarbonate sheets and PVC. |
4.3.3 Impact of economic uncertainties on investment decisions, affecting the demand for cast acrylic sheets. |
5 India Cast Acrylic Sheet Market Trends |
6 India Cast Acrylic Sheet Market, By Types |
6.1 India Cast Acrylic Sheet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Cast Acrylic Sheet Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Cast Acrylic Sheet Market Revenues & Volume, By Cell, 2021-2031F |
6.1.4 India Cast Acrylic Sheet Market Revenues & Volume, By Continuous, 2021-2031F |
6.2 India Cast Acrylic Sheet Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Cast Acrylic Sheet Market Revenues & Volume, By Sanitary Ware, 2021-2031F |
6.2.3 India Cast Acrylic Sheet Market Revenues & Volume, By Signage & Display, 2021-2031F |
6.2.4 India Cast Acrylic Sheet Market Revenues & Volume, By Architecture & Interior Design, 2021-2031F |
6.2.5 India Cast Acrylic Sheet Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.6 India Cast Acrylic Sheet Market Revenues & Volume, By Medical, 2021-2031F |
6.2.7 India Cast Acrylic Sheet Market Revenues & Volume, By Food & Catering, 2021-2031F |
7 India Cast Acrylic Sheet Market Import-Export Trade Statistics |
7.1 India Cast Acrylic Sheet Market Export to Major Countries |
7.2 India Cast Acrylic Sheet Market Imports from Major Countries |
8 India Cast Acrylic Sheet Market Key Performance Indicators |
8.1 Average selling price (ASP) trend of cast acrylic sheets in the Indian market. |
8.2 Adoption rate of cast acrylic sheets in new applications or industries. |
8.3 Percentage of repeat customers or customer retention rate for cast acrylic sheet suppliers in India. |
9 India Cast Acrylic Sheet Market - Opportunity Assessment |
9.1 India Cast Acrylic Sheet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Cast Acrylic Sheet Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Cast Acrylic Sheet Market - Competitive Landscape |
10.1 India Cast Acrylic Sheet Market Revenue Share, By Companies, 2024 |
10.2 India Cast Acrylic Sheet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |