According to the new market research report “Global Acrylic Films Market Report 2023-2029”, published by QYResearch, the global Acrylic Films market size is projected to reach USD 0.93 billion by 2029, at a CAGR of 4.8% during the forecast period.
Figure. Global Acrylic Films Market Size (US$ Million), 2018-2029
Acrylic is the commonly used name for a plastic compound called Polymethyl Methacrylate, or PMMA. It is a type of thermoplastic, which means it can easily be manipulated and formed into various shapes when heat is applied. It is one of the most economical and easily fabricated types of plastic available on the market today. In its film form, it generally comes in a very thin gauge of clear material. Acrylic film features the excellent transparency, weatherability, suitability for heat-molding and lamination processing. In addition, it has outstanding UV protection, making it ideal for use as a construction material, a paint-alternative, and a retro reflective material, as well as for a wide range of applications in the field of optical engineering.
Figure. Global Acrylic Films Top 8 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
The global key manufacturers of Acrylic Films include Sumitomo Chemical, Mitsubishi Chemical, Kaneka, Okura Industrial Co, RÖHM GmbH, etc. In 2022, the global top four players had a share approximately 73.0% in terms of revenue.
Market Drivers:
Acrylic films gained popularity in industries that sought lightweight and sustainable materials to reduce overall product weight and environmental impact. Being lighter than glass and some other materials, acrylic films found applications in automotive, aerospace, and other sectors aiming for enhanced fuel efficiency and eco-friendly solutions.
With the rapid growth of the electronics industry, there was a rising demand for acrylic films in electronic displays, touchscreens, and protective covers for electronic devices. The optical clarity and scratch-resistant properties of acrylic films made them suitable for such applications.
The construction industry was another significant driver for the acrylic film market. Acrylic films were used in architectural glazing, windows, skylights, and decorative elements due to their weather resistance, transparency, and ease of customization.
Acrylic films found application in the automotive industry for headlamp covers, taillights, and interior components. The impact resistance and optical properties of acrylic films made them suitable for automotive use.
Restraint:
Acrylic films faced competition from other materials like polycarbonate, PET (polyethylene terephthalate), and glass. Each material has its unique set of properties and advantages, and customers' preferences can vary based on specific application requirements.
The cost of acrylic polymer, the primary raw material used in manufacturing acrylic films, can be subject to price fluctuations. This may impact the profitability of acrylic film manufacturers and influence the overall market.
While acrylic films offer good impact resistance, they may be more prone to scratching and abrasion compared to harder materials like glass. This could be a concern in applications where the film's surface needs to maintain its clarity and appearance over time.
Acrylic films have relatively lower heat resistance compared to some other materials like polycarbonate. This limitation may restrict their use in applications that require high-temperature resistance.
Opportunity:
Acrylic films offered versatility in terms of colors, thicknesses, and surface finishes, allowing for customization to meet specific requirements across various industries. This flexibility attracted customers seeking tailor-made solutions.
The rapid industrialization and growth of emerging economies were driving the demand for acrylic films in various manufacturing and industrial applications.
About The Authors
| Jiquan Zhai - Lead Author |
| Email: zhaijiquan@qyresearch.com |
| Tel: 17319264309 |
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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