Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Self-adhesive film is a powerful and durable material that can be safeguarded on different surfaces. They protect against normal wear and tear, scratches and abrasions, vandalism, shattering, UV damage, and scratches and abrasions. Self-adhesive vinyl is an incredibly versatile material for large-format graphics. Due to the extremely wide selection of specialist materials, there is a vinyl that will suit any job.
Self-adhesive vinyl films have been developed to stick to almost any surface. It has three layers, such as polyvinyl chloride (PVC) film, an adhesive layer, and a silicone release liner. PVC film has excellent clarity, excellent dimensional stability, and is suitable for a variety of applications. Adding to that, the growing packaging industry is likely to propel demand for the market during the estimated time period in the region. Owing to its durability, resistance to fading, and ease of care, as well as its high clarity and heat-resistance properties.
A major factor driving the growth of the self-adhesive vinyl film market in this region is the growing packaging and advertising industries. Self-adhesive vinyl is a thin, flexible material that is commonly used to make colourful and eye-catching signs and graphics. It is waterproof and suitable for indoor and outdoor applications. These films are highly suitable for any glossy, smooth surface, including low-energy surfaces like plastic, glass, and automobiles. It is waterproof and can be used indoors and outdoors. These are the different driving factors in the self-adhesive vinyl films market that are expected to propel market growth at a specific rate during the estimated time period.
The market is supposed to have new opportunities with technological advancements and continuous research and development activities to foster quality self-adhesive vinyl film products. During the forecast period, this is anticipated to offer numerous new market growth opportunities. Additionally, rise in home renovations and the growing popularity of do-it-yourself (DIY) homemaking expected to rise new market opportunities for self-adhesive vinyl films market over the forecast period. It is key factor which provide new growth opportunities for the market growth over the forecast period.
Self-adhesive vinyl film is basically a kind of flexible, adhesive film that is applied to the outside of a car to make it look different in a big way. A damaged self-adhesive vinyl wrap will often require a complete replacement. The repair options are limited. In addition, environmental regulations and volatile organic compounds are restrain the market for self-adhesive vinyl films. It is key factor which may restrain the growth of the market over the forecast period.
When removed, adhesive residue from vinyl stickers can be challenging to remove and can damage the surface they were applied to. Additionally, they are made of materials that are not biodegradable, and disposing of them could harm the environment. These are the primary challenges that may hinder the market's expansion during the forecast period.
The report provides an in-depth analysis of Asia Pacific self-adhesive vinyl films market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. A rise in demand for self-adhesive vinyl films in various applications is anticipated to stimulate the growth of the market and due to this factor, the market is expected to witness growth at a specific CAGR from 2023-2029.
The Asia Pacific self-adhesive vinyl films market comprises of different market segments like, type, applications, and country.
By type, the Asia Pacific self-adhesive vinyl films market includes key segments like
On the basis of type, the Asia Pacific self-adhesive vinyl films market divided into translucent, transparent, and opaque. The opaque segment dominated the Asia Pacific self-adhesive vinyl film market over the foreseen period. The growth is due to its different features where it can be used in outdoor and indoor signage. It improves paint UV aging, acts as an anti-corrosion coating, and has good weathering capabilities. In addition, it features outstanding durability and colour fastness, with superior conformability for complex, curved surfaces. Furthermore, translucent and transparent segment are anticipated to witness significant growth during the estimated time period. It offers great UV, temperature, humidity, and salt spray performance.
The Asia Pacific self-adhesive vinyl films market finds the major applications in
On the basis of applications, the Asia Pacific self-adhesive vinyl films market finds the major applications in automotive, industrial, architectural, tape & labels, and others. The automotive segment is expected to be the fastest growing segment over the forecast period. This is due to the increasing in automotive production, which has significantly increased the demand for various kinds of self-adhesive vinyl films. They are compatible with solvent and eco-solvent inks and resist water, dirt, grease, salt, and weak acids. On the other hand, industrial is expected to witness the growth at specific growth rate during the estimated time period attributing to its uses in packaging of different products. In the architectural segment, self-adhesive vinyl films are designed to be applied to smooth surfaces to improve the proposed surface's texture and colour. Its popularity has increased due to its updated designs and durability, making it the best solution for commercial renovations and new construction projects. These are the factor that are expected to dive the market growth in this region.
The Asia Pacific self-adhesive vinyl films market is studied for the following countries
On the basis on country, the Asia Pacific self-adhesive vinyl films market is studied in the China, India, Japan, and Rest of APAC. China is projected to hold the major shares owing to the growing usage of self-adhesive vinyl films in various industries as well as presence of the large number of manufacturers in this region. In addition, the increasing use of self-adhesive vinyl films in a variety of architectural applications such as floor coverings, wall coverings, decks, and platform coverings are positively influencing market demand for self-adhesive vinyl films. The architectural film is suitable where there is a demand for a design-forward durable surface in both commercial and residential spaces.
The outbreak of coronavirus has had a negative effect on the development of various industries, as government actions to stop the spread of the virus have hindered the transportation sector across the world. During the pandemic, a power and economic crisis develops, and various restraints implemented by the state ruling members across the world have created various plans to overcome these restraints. Research and development have slowed down as a result of the COVID-19 pandemic because of a lack of funding, stopped manufacturing, and disruptions in the supply chain for components or raw materials.
COVID-19 also caused a halt in the production of self-adhesive vinyl films in Asia Pacific region. However, since the market opened after COVID-19, it is expected that there will be considerable growth in the sector, owing to the growing usage of self-adhesive vinyl films in various industries, such as automotive. This factor is further expected to drive the overall growth of the market. Manufacturers and solution providers are making various strategic decisions to bounce back post-COVID-19.
The competitive landscape analysis of Asia Pacific self-adhesive vinyl films market is primarily focused on expanding the country growth of self-adhesive vinyl films industry with new product innovation, business expansion, increasing presence of range of manufacturer operating in self-adhesive vinyl films sector has led the growing demand for the market. Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
July 2021: Metamark introduced new vinyl M7-H, which is designed for applications that require a longer lifespan of seven to eight years. It has a specialized high-tack adhesive and is available in rolls of 1200 millimetres, enhancing the substantial appeal of the existing selection.
March 2021: Avery Dennison Corporation has completed the acquisition of JDC Solutions, Inc., a privately-owned manufacturer of pressure-sensitive specialty tapes in a variety of high-value industrial applications, such as automotive, consumer appliance, and building and construction industries, among others.
By type, the Asia Pacific self-adhesive vinyl films market divided into translucent, transparent, and opaque. The opaque segment dominated the Asia Pacific self-adhesive vinyl film market over the foreseen period. On the basis of applications, the Asia Pacific self-adhesive vinyl films market finds the major applications in automotive, industrial, architectural, tape & labels, and others. The automotive segment is expected to be the fastest growing segment over the forecast period. The Asia Pacific self-adhesive vinyl films market is studied for region: The China, India, Japan and the Rest of the APAC. China is projected to lead the market during the forecast period.
| Market
Sizing for Year: | 2019-2029 |
| Base
Year: | 2022 |
| Forecast Period: | 2023-2029 |
| Value: | USD million |
| Market Segment studied: | Type Application |
| Market
Players and its Competitors: | 3M (United States) Haining Comax New Material Co., Ltd. (China) Lintec (Japan) Brite Coatings Private Limited (India) Arlon Graphics (United States) Metamark
(United Kingdom) Item Plastic Corp.
(China) Henkel KG and Co, KGaA
(Germany) Avery Dennison Corporation (United States) FLEXcon
Company Inc (United States) Orafol Europe GmBH
(Germany) Responsive Industries Ltd. (India) |
FREQUENTLY ASKED QUESTIONS
What are the applications in this report?
Automotive, industrial, architectural, tape & labels, and others are the applications in this report
What would be the forecast period in this report?
2023-2029 is the forecast period in this report.
