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.
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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Key Takeaways from Decorative Films and Foils Market Study
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Market Landscape Continues to Remain Fairly Fragmented
The global decorative films and foils market is fragmented at global and regional levels. Some leading players included in the report are LG HAUSYS, Ltd, LLC, OMNOVA Solutions, Inc., ERGIS S.A., AVERY DENNISON CORPORATION, JINDAL POLY FILMS Ltd., Klöckner Pentaplast Group, Folienwerk Wolfen GmbH, Mondoplastico S.p.A., RENOLIT, AVI Global Plast Pvt. Ltd., and others. To gain a competitive advantage in the market, participants are involved in expansion, merger, and acquisition activities with regards to high market growth.
Decorative Films and Foils Market: Conclusion
Demand for decorative films and foils is expected to grow at a moderate rate, owing to its increasing consumption in furniture applications. Doors & window applications are expected to grow at a high rate amongst all other applications. Asia and Europe are expected to hold prominent shares, followed by North America. China, Germany, USA, India, and South Korea are major locations for the supply of decorative films and foils. Overall, this market is highly competitive with a large number of small- and medium-sized players at regional levels.
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Jun 23, 2022