Furniture Films And Foils Market 2022
Furniture Films and Foils Market to Reach US$ 22.8 Bn by 2030; Both, Manufacturing and Demand Hit Due to Covid-19 Pandemic. The global furniture films and foils market is estimated to expand at a CAGR of 6% by value during the forecast period of 2020-2030. Furniture Films and Foils Market is Segmented by material types such as Polyvinyl Chloride, Polyester, Polypropylene Vinyl having applications such as Furniture, Doors and Windows
The furniture films and foils market is majorly driven by the growth of the construction industry, which has a positive impact on the furniture sector; there has been a rise in spending recorded across all regions, particularly China, the U.S., Germany, and India, to name a few. Furniture films and foils are also used for their physical properties, in addition to the design and aesthetic appeal that they provide. Furniture films and foils protect the substrate on which they are applied from physical damage such as scratches, damage from spillage of water or other liquids, protection from stains, and the like. All these benefits help increase the durability and working life of the furniture. As such, the adoption of furniture films and foils is significantly increasing across the globe.
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Key Companies-
- Competition Deep Dive
- LG Hausys, Ltd.
- Renolite
- Klockner Pentaplast Group
- Omnova Solutions
- Avery Denisson
- Peiyu Plastic Corporation
- Mondoplastico S.p.A
- AVI Global Plast Pvt. Ltd
- Ergis Group
- Macro Plastic Sdn. Bhd
- Jindal Group
- Foleinwerk Wolfen GmbH
- Amcor International
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Key Takeaways of Furniture Films and Foils Market Study
- Digital and custom printed furniture films are currently most sought-after in the furniture films and foils market. The demand for these is increasing significantly, which, in turn, will assist the growth of the global films and foils furniture market over the coming years.
- Based on material, polyvinyl chloride (PVC) is gaining traction in the market, owing to its superior properties such as heat transfer, tensile strength, elasticity, abrasion resistance, and others.
- Growth of the construction industry and the consequent rise in spending on furniture and related accessories are expected to be key drivers for the furniture films and foils market in the foreseeable future.
- Increasing adoption of energy-efficient measures in residential and commercial buildings is boosting the use of furniture films and foils, owing to their superior heat transfer property.
- East Asia is expected to hold a prominent share in the global furniture films and foils market, owing to the rapidly growing furniture manufacturing industry and construction industry.
- Sluggish constriction activities, due to the Covid-19 pandemic, has resulted in decreased demand for new furniture across the world, there affecting the growth of the furniture films and foils market.
“Prominent manufacturers involved in the production of furniture films and foils are laying emphasis on development and expansion by establishing new plants that help them increase their production capacities and gain access to new distribution networks, which is expected to increase their customer base in the years to come. Also, price competitiveness can help players avoid the trial and error cost of the price-setting process, and help them set prices at the same level as their competitors,” says a PMR analyst.
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Key Questions Answered in PMR’s Furniture Films and Foils Market 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 furniture films and foils during the forecast period?
- How will current trends will impact the furniture films and foils market?
- Who are the significant market participants in the furniture films and foils market?
- What are the crucial strategies of prominent players in the furniture films and foils market to upscale their positions in this landscape?
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