The global market for acrylic paper market is estimated to be worth USD 2,281.1 million in 2021 and is anticipated to reach a value of USD 4,445.5 million by 2031. Sales are projected to rise at a CAGR of 6.9% over the forecast period between 2021 and 2031. The revenue generated by the acrylic paper market in 2020 was USD 2,254.1 million. The industry is anticipated to exhibit a Y-o-Y growth of 1.2% in 2021.
Global Acrylic Paper Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 (A) | USD 2,254.1 million |
| Estimated Size, 2021 (E) | USD 2,281.1 million |
| Projected Size, 2031 (F) | USD 4,445.5 million |
| Value-based CAGR (2021 to 2031) | 6.9% |
The target market is segmented under type, source, and end-use industry. The market is further sub-categorized under these segments to provide a granular aspect that will benefit the businesses operating in the market, improve their products, gain a competitive edge over other players, and grasp a major portion of the market.
The market for acrylic paper is accelerating, as demand increases in industries like construction and automotive or consumer products that need bright, durable color applications. These acrylic papers find applications on a larger scale in epoxy resins, plastics, and paints for their increased UV stability, and chemical resistance properties, along with the potential for customization.
Market growth is driven by increasing urbanization, infrastructure development, and innovations in eco-friendly pigments. Growing industrialization, coupled with an expanding automotive industry, particularly in China and India, means the Asia-Pacific is by some margin the largest market, accounting for almost 40% of total global demand. Moreover, government initiatives toward eco-friendly pigments and preference for visually appealing products by customers further propel market growth.
The Acrylic Paper market is highly competitive, with numerous players ranging from large multinational corporations to smaller, specialized manufacturers. Key players include companies like Harima Chemicals Group Inc., Puyang Shenghong Chemical Co.Ltd., Qingdao Sanhuan Colorchem CO. LTD, Maeda Industrial Chemicals CO. LTD, CBC Co. Ltd., Sargon Chem, OTALITE Co. Ltd., Clariant, BASF SE, dominate the market with their extensive product ranges and strong distribution networks. Key players in the market often compete based on product quality, innovation, and brand reputation.
The industry is set to experience upward growth during the forecast period. It is projected to create an incremental opportunity of USD 2,164.4 million and is predicted to rise approximately 1.9 times the current market value through 2031.
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The demand for acrylic paper is being driven by rising consumer spending on paintings. Acrylic paper is used by mostly artists especially those who are beginning to work with acrylic paints. To avoid warping, the paper should be a heavier weight because it is used with a heavier material.
Another key aspect of acrylic paper is its textured, scaled surface, which allows acrylic paint to adhere to the paper without being absorbed. They either replicate the qualities of canvas or are real canvas sheets tied into a pad have been developed.
Furthermore, Warm-ups, studies, and sketches can all be done on acrylic paper. If artist choose to paint on a surface other than canvas, it can also be utilized to make finished paintings. Many painters use the paper for painting outdoors or on the go since it is more portable than traditional stretched canvases. Such benefits and factors are driving demand for acrylic paper.
Many market participants are developing it specifically for artists who have extremely specific needs when it comes to purchasing paper for painting. Acrylic paper from CANSON, for example, is thick, has a high grammage (400 gsm), is core and surface-sized, strong, and absorbent. It's perfect for creating a wash effect or many layers with diluted acrylic paint.
Its cold pressed grain lends itself well to washes, suggesting watercolor's delicate transparency. This acid-free paper has a long shelf life and will last for many years. It is naturally white and does not contain any optical brighteners. Such offerings attract the people especially painters.
Principal Consultant
The United States had previously been the world's biggest paper producer. The arts are very important to Americans. The arts, according to the majority of the population in the region, promote personal well-being and aid in understanding other cultures in the community. They are usually active in arts such as painting on a personal level. As a result, the need for acrylic paper in the region grows.
The fine arts and culture of Europe are well-known. In previous centuries, notable painters such as Vincent van Gogh, Claude Monet, and Pablo Picasso worked in the region. Europe's great artists are so well-known over the world that their works may be recognized right away. Many of these artists' masterpieces can be found in their hometowns, but others can be found in museums all over the world.
People are encouraged to create and paint art as a result of such great artwork. As a result, it encourages artists to use acrylic paper because of its multiple advantages.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Size 6.2. Activities 6.3. Sales Channel 7. Global Market Analysis and Forecast, By Size 7.1. 6″ x 6″ 7.2. 9″ x 12″ 7.3. 12″ x 12″ 8. Global Market Analysis and Forecast, By Activities 8.1. Painting 8.2. Sketching 8.3. Others 9. Global Market Analysis and Forecast, By Sales Channel 9.1. Wholesalers/Distributors 9.2. Online Retailers 9.3. Direct Sales 9.4. Stationery Stores 9.5. Other Sales Channel 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. Asia-Pacific 10.6. Japan 10.7. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Asia-Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. Japan Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Size, Activities, and Sales Channel for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. CANSON 20.2. Arteza.com 20.3. Strathmore 20.4. US Art Supply 20.5. Dick Blick Art Materials 20.6. JACKSON'S ART SUPPLIES 20.7. Creative Hands Art materials Pvt Ltd 20.8. Ayush Paper
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Acrylic Paper Market
