Asia Pacific Self-Adhesive Vinyl Film Market is expected to reach US$ 2,406.42 Mn by 2028

Opaque Segment to Dominate Asia Pacific Self-Adhesive Vinyl Film Market during 2021-2028

According to The Insight Partners market research study on “Asia Pacific Self-Adhesive Vinyl Film Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Application and Country,” is expected to reach US$ 2,406.42 million by 2028 from US$ 1,710.26 million in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific self-adhesive vinyl film market along with the drivers and restraints pertaining to the market growth. Rising demand for digital print and signage and expansion in the construction industr are the major factors driving the growth of the Asia Pacific self-adhesive vinyl film market. However, the strict regulations imposed by the regulatory bodies may hinder the growth of Asia Pacific self-adhesive vinyl film market.

In case of COVID-19, in Asia Pacific, especially India witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of self-adhesive vinyl film manufacturing activities. Downfall of other chemical and materials manufacturing sectors has subsequently impacted the demand for self-adhesive vinyl film during the early months of 2020. Moreover, decline in the overall adhesives manufacturing activities has led to discontinuation of self-adhesive vinyl film manufacturing projects, thereby reducing the demand for self-adhesive vinyl film. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.

The market for Asia Pacific self-adhesive vinyl film is segmented into type, application and country. Based on type, the market is segmented into translucent, transparent and opaque. In 2020, the opaque segment held the largest share in Asia Pacific self-adhesive vinyl film market. Based on application, the Asia Pacific self-adhesive vinyl film is bifurcated into automotive, industrial, architectural and others. The automotive segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific self-adhesive vinyl film market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for self-adhesive vinyl film.

3M; Avery Dennison Corporation; LG Hausys; Lintec; Hexis S.A.S.; Metamark; Kay Premium Marking Films Ltd.; Henkel Kg and Co. KGaA; and Drytac are some of the leading companies in the Asia Pacific self-adhesive vinyl film market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the Asia Pacific Self-Adhesive Vinyl Film Market as follows:

• Translucent
• Transparent
• Opaque

• Automotive
• Industrial
• Architectural
• Others

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific