Global Decorative Films And Foils Market Is Anticipated To Expand At A CAGR Of Over 5% Over The Forecast Period Of 2021-2031

Furniture and door & window applications hold a prominent share nearly three-fourth in terms of consumption of decorative films and foils. These also used in a wide range of applications, including flooring and automotive interiors & exteriors. Besides aesthetics, the ability of decorative films and foils to reduce lighting needs by over 50% makes them highly sought-after across regions.

As per Persistence Market Research analysis, the global decorative films and foils market is anticipated to expand at a CAGR of over 5% over the forecast period of 2021-2031.

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Some of the leading companies operating in the decorative films and foils market are:

LG Hausys, Ltd
Avery Dennison Corporation
Jindal Poly Films Ltd
Klöckner Pentaplast.
RENOLIT
OMNOVA Solutions
ERGIS Group
ERGIS S.A.
Folienwerk Wolfen GmbH
AVI Global Plast Pvt. Ltd.
MACRO PLASTIC SDN. BHD.
Peiyu Plastics Corporation
Mondoplastico S.p.A

Research provides insights on key factors driving demand for decorative films and foils in its recent analysis. In addition to examining the influence that COVID-19 has had on this highly competitive industry in general, the study monitors global sales of decorative films and foils in 20+ high-growth markets, which points toward North America, Europe, and Asia Pacific as lucrative regional markets.

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Key Takeaways from Decorative Films and Foils Market Study

Polyvinyl chloride accounts for a prominent share of over 45% in the global decorative films and foils market, and this trend is expected continue over forecast period.
Furniture is the most attractive application with the highest share of over 40%,followed by doors & windows. However, flooring is expected to grow at a higher rate as compared to all other applications.
China dominates the global decorative films and foils landscape, and the market in this country is expected to grow at the highest rate, owing to increasing construction activities. Europe holds a significant share, backed by high demand from the furniture sector, especially in Germany.
Energy efficiency and benefits due to the physical properties of decorative window films are some of the prominent market drivers.
The market in China is slated to expand at an impressive CAGR of over 6% through 2031, while that of the U.K. and U.S. is expected to witness 5.7% and 5.1% growth, respectively.

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Key Questions Answered in Report

Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factors propelling the demand for decorative films and foils during the forecast period?
How current trends will impact the decorative films and foils market?
Who are the significant market participants in the decorative films and foils market?
What are the crucial strategies of prominent players to upscale their positions in this landscape?
Research Methodology

In this research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the decorative films and foils market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure the precision and reliability of the conclusions.

Secondary resources are referred to by analysts during the evaluation of the market study, which comprise facts and figures from the World Bank, IMF, US Energy Information Administration, International Energy Agency, local & regional government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers to provide insightful information.

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Comprehensive information acquired from primary and secondary resources is validated from companies operating in the decorative films and foils market, to make Persistence Market Research’s projections on the growth prospects of the market more accurate and reliable.

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