Scienza e Tecnologia
Thermoplastic Films Market is expected to expand at a healthy CAGR of close to 6% and be valued at US$ 14.7 Bn in 2031: PMR
Moreover, space heating and cooling are by far the largest energy-consuming applications in buildings. Application of various types of thermoplastic films on doors and windows helps reduce the need for temperature management to a great extent. All of these factors are boosting the sales of thermoplastic decorative films for use in furniture, doors, and windows.
Owing to stalled construction projects and various COVID-19 pandemic-related restrictions, sales of thermoplastic decorative films witnessed a visible drop in 2020.
The global thermoplastic decorative films market has been identified as a fairly fragmented space, with the presence of various local and regional players in the market.
Some of the key players include OMNOVA Solutions, Inc., ERGIS Group, , Jindal Poly Films Ltd, Klöckner Pentaplast, Jindal Poly Films Ltd, Covestro AG, LyondellBasell Industries Holdings N.V., Konrad Hornschuch AG, Fine Decor GmbH, Alfatherm s.p.a, C.I. TAKIRON Corporation, Schweitzer-Mauduit International, Inc. (SWM), Folienwerk Wolfen GmbH, Mondoplastico S.p.A., RENOLIT, Hanwha L&C, RTP Company, Inc., AVI Global Plast Pvt. Ltd., Macro Plastic Sdn. Bhd., Peiyu Plastics Corporation, and Amcor International, LG Hausys, Ltd., and Avery Dennison Corporation.
Various factors such as growth of the construction sector, energy-efficiency benefits of doors and window films, increasing urbanization, and growth in production of automotive and vehicle parts are expected to fuel sales thermoplastic decorative films.
On the other hand, Presence of various alternatives and stringent environmental regulations are expected to hinder market growth to some extent during the forecast period of 2021-2031
Persistence Market Research, a research and consulting firm, has published a market research report on the thermoplastic decorative films market that contains global industry analysis of 2016–2020 and opportunity assessment for 2021–2031.
The report provides in-depth analysis of the market through different segments, namely, material, application, end use, function, installation, and region. The report also provides supply and demand trends, along with an overview of the parent market.
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