Rising Demand for Polycarbonates, owing to their Numerous Advantages to Bolster the Growth of the Thermoformed Plastics for Printing Industry
Based on plastic type, the polycarbonate segment occupies a significant share in the market and is likely to attain a considerable growth in the forecast period. The growth of the segment can be attributed to the rising demand for polycarbonates, owing to their high durability, high strength, easy to cut and shape characteristics, thermal insulation properties, and lightweight, among others. Some grades of polycarbonates are optically transparent, which makes them easier to be engineered for printing applications. Meanwhile, the demand for high-impact polystyrene is anticipated to witness a significant growth in the forecast period due to its properties like good impact resistance, excellent machinability, excellent dimensional stability, and comparatively low cost. The high-impact polystyrene provides a detailed representation of the model for exhibition; therefore, the material is likely to witness a high demand for various printing applications such as billboard signage and panel beaters signage.
North America Accounts for a Significant Share in the Market
The growth of the industry in North America can be attributed to the thriving advertising industry in countries like the United States and Canada. The rapid technological advancements and the use of advanced printing solutions in the region have propelled the demand for display and outdoor signages for effective product marketing. Meanwhile, the market in the forecast period is likely to be aided by the growing R&D activities associated with plastic engineering, which is expected to bolster the demand for thermoformed plastics for 3D printing in the region.Thermoformed Plastics for Printing: Market Segmentation
Thermoformed plastics refer to a type of plastic made through a collection of manufacturing methods in which extruded plastics are heated and moulded to form sheets of extruded plastics. Drape, vacuum, and pressure forming are some of the popular thermoforming methods used in the market.Market Breakup by Plastic Type
- Polycarbonate
- High Impact Polystyrene
- Acrylonitrile Butadiene Styrene
- Polyvinyl Chloride
- Polyethylene Terephthalate Glycol
- Acrylic
- Others
Market Breakup by Process
- Vacuum Forming
- Pressure Forming
- Mechanical Forming
- Others
Market Breakup by Thickness
- Thin Gauge
- Thick Gauge
Market Breakup by Application
- Display and Outdoor Signages
- Promotional and Branding Products
- Gaming Panels
- Others
Market Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
The global thermoformed plastics for printing industry is driven by the growing demand for the product to manufacture promotional and branding products. Thermoformed plastics have the ability to take any shape and can easily be transformed into something visually appealing. The crisp details with formed textures and logos offered by the material make the end product stand apart, thereby, propelling the demand for thermoformed plastics. The growing awareness about the various benefits of thermoformed plastics for printing such as its ability to be dyed in any colour and others is also aiding the market. Over the forecast period, the market is expected to be aided by the increasing consumer preference for online channels and the growing advancements in print technology.
Key Industry Players in the Global Thermoformed Plastics for Printing Market
The report gives a detailed analysis of the following key players in the global thermoformed plastics for printing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Sonoco Products Company
- Plaskolite LLC
- Palram Industries Ltd.
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Thermoformed Plastics for Printing market report include:- Sonoco Products Company
- Plaskolite LLC
- Palram Industries Ltd.