Market Research Report
Thermoformed Plastics For Printing Market Size, Share & Trends Analysis Report By Product (Polycarbonate, HIPS, ABS, PVC, PETG, Acrylic), By Process, By Application, By Region, And Segment Forecasts, 2020 - 2027
|Thermoformed Plastics For Printing Market Size, Share & Trends Analysis Report By Product (Polycarbonate, HIPS, ABS, PVC, PETG, Acrylic), By Process, By Application, By Region, And Segment Forecasts, 2020 - 2027|
Published: November 2, 2020
Grand View Research, Inc.
Content info: 108 Pages
Delivery time: 2-10 business days
The global thermoformed plastics for printing market size is anticipated to reach USD 51.5 million by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2020 to 2027. Rapidly increasing expenditure on advertisements from major economies, especially in the U.S., is projected to largely contribute to the growth in demand for thermoformed plastics for printing over the forecast period.
Polyethylene Terephthalate Glycol (PETG) is a modified version of Polyethylene Terephthalate (PET) with improved durability. PETG has glycol added to PET, which prevents crystallization during the extrusion process. PETG is a clear and transparent material and is widely used in display and outdoor signages and promotional and branding products. Acrylic material offers properties, such as optical clarity, excellent impact resistance, high resistance to sunlight, low molding shrinkage, and high dimensional stability. These properties make acrylic suitable for use in the manufacturing of display and outdoor signages and promotional and branding products.
The market in India is anticipated to witness significant growth over the forecast period owing to the growing signage and advertising industries. In the advertising industry, the display and outdoor signage application segment plays a major role in promoting and branding the products by placing the banners and display boards in areas, such as multiplexes, retail outlets, pubs and bars, restaurants, banks, and Quick Service Restaurants (QSRs). According to the India Brand Equity Foundation (IBEF) report, India's advertising industry is the second-fastest-growing industry in Asia, after China, in 2019. As a result, manufacturers from across the world are exploring and investing in the Indian market, which, in turn, is expected to increase the demand for thermoformed plastics over the forecast period.