Report : Middle East & Africa Self-Adhesive Vinyl Film Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Translucent, Transparent, and Opaque), and Application (Automotive, Industrial, Architectural, and Others)
Opaque Segment to Dominate Middle East & Africa Self-Adhesive Vinyl Film Market during 2021-2028
According to a new market research study on “Middle East & Africa 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$ 241.72 million by 2028 from US$ 193.41 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa self-adhesive vinyl film market along with the drivers and restraints pertaining to the market growth. Rise in the demand for digital print and signage and rapid growth in the construction industry are the major factors driving the growth of the Middle East & Africa self-adhesive vinyl film market. However, the stringent regulations associated with self-adhesive vinyl film may hinder the growth of Middle East & Africa self-adhesive vinyl film market.
In case of COVID-19, in Middle East & Africa, especially South Africa, 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 Middle East & Africa countries, i.e., UAE and Saudi Arabia. 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 Middle East & Africa 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 Middle East & Africa self-adhesive vinyl film market. Based on application, the Middle East & Africa self-adhesive vinyl film is bifurcated into automotive, industrial, architectural and others. The industrial segment is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East & Africa self-adhesive vinyl film market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East & Africa 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; Arlon Graphics, LLC; Hexis S.A.S.; Metamark; Kay Premium Marking Films Ltd. and Henkel Kg and Co. KGaA. are some of the leading companies in the Middle East & Africa 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 Middle East & Africa Self-Adhesive Vinyl Film Market as follows:Middle East & Africa Self-Adhesive Vinyl Film Market – By Type
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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