Self-adhesive Vinyl Films Market in Indonesia:Introduction
In terms of value, the self-adhesive vinyl films market in Indonesia isanticipated to expand at a CAGR of ~6% from 2019 to 2027 tocross value of ~US$ 211 Mn by 2027. In terms of volume,the non-printable segment dominated the self-adhesive vinyl films market inIndonesia in 2018. The trend is estimated to continue during theforecast period. Non-printable self-adhesive vinyl films are used for protectionof walls, windows, and doors. They are also used in the automotive sector forprotection of paint.
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Self-adhesive Vinyl Films Market in Indonesia: KeyDrivers and Restraints
Self-adhesive vinyl films are extensively used as tapes and labels invarious applications in industries such as packaging, construction, electrical& electronics (E&E), graphics, and automotive. The self-adhesive vinylfilms market in Indonesia has been expanding over the past few years, due toincrease in the demand for these films in the packaging industry in thecountry. Self-adhesive vinyl films are primarily employed for appliancewrapping and signage in the industrial sector. They are widely used in thesignage industry for promotional signs, way-finding signs, informational signs,and retail signs. The total media ad expenditure in Indonesia reached US$3.1 Bn in 2019. The out-of-home segment of the mediaad industry in the country is expected to expand at a moderate pace during theforecast period. Out-of-home advertising includes promotional signs,way-finding signs, informational signs, and retail signage. Thus, growth ofout-of-home advertising in Indonesia is expected to boost the self-adhesivevinyl films market in Indonesia during the forecast period.
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Competition Landscape of Self-adhesive Vinyl FilmsMarket in Indonesia
Major manufacturers of self-adhesive vinyl films are LINTECCorporation, 3M, Avery Dennison Corporation, ORAFOL Europe GmbH, PT MultiyasaSwadaya, Signapex Technology Co., Ltd., Guangdong New Vision Film Co. Ltd., andShenzhen Sealtape Security Technik Co., Ltd. Advancements intechnology and innovation of new self-adhesive vinyl films are expected tocreate high barriers for new players entering the self-adhesive vinyl filmsmarket in Indonesia in the near future.
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