NEW YORK, Jan. 24, 2017 /PRNewswire/ -- The global Acrylic Films market is projected to grow at a significant growth rate annually over the period of 2016 to 2021. The global acrylic films market was worth more than USD 800 million in 2015 and it is projected to grow at a CAGR over 3% between 2016 and 2021. Acrylic films are produced by polymerization of acrylic acid esters, also known as acrylates. Acrylic films are primarily used as a replacement of glass. Acrylic films provide high resistance to radiation and weathering. Globally, the demand for acrylic films is on the rise owing to increasing demand for replacement of glass in automotive and aerospace sectors.
The acrylic films market is primarily driven by factors such as increasing demand from the application industry such as automotive and packaging applications. Furthermore, growing number of applications of acrylic films in consumer electronics and healthcare segments is expected to boost the consumption of acrylic films over the forecast period (2016 – 2021) However high cost of production is the primary restraining factor which is expected to hamper the growth of this market over the forecast period at a moderate impact.
Acrylic Films market is broadly classified on the basis of types, and end-use applications. On the basis of types the acrylic films market is segmented as cast acrylic films, extruded cast films, off cut acrylic films and others. On the basis of end use applications the acrylic films market is segmented as automotive, appliances, healthcare, lighting fixtures, housewares and others. Among the product types the cast acrylic films market accounted for the largest share. While, automotive accounted for the highest share among the applications.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Among the various regions covered, Asia-Pacific dominated the global Acrylic Films market.
Some of the key players that are dominating this market are Mitsubishi Rayon, Rowland Technologies, CyroEvonik Industries, Us Plastic Corporation, Altuglas, SabicPolymershapes, Mulford Plastics, Perspex, American Acrylic, Oroglas, and Plaskolite.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of Acrylic Films globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of Acrylic Films. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the Acrylic Films market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the Acrylic Films market to understand the present and future trends in this market and formulate their strategies accordingly.
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