Market Outlook
The author’s report on the Middle East & African graphic films market suggests that this market is going to develop at a CAGR of 4.70% in the forecast years 2019-2027. This market report of this region studies the countries such as Turkey, Saudi Arabia, UAE, South Africa and rest of the MEA.
The growth of the Middle East & African graphic films market can be attributed to the flourishing automotive and advertising & tourism industries. The number of vehicles sold in this region have increased over the years. Thus, the rise in automotive sales will lead to an increased demand for graphic films, as these films help reduce wastage. Moreover, they can also be used as vehicle wraps, anti-graffiti material and more. The advertising & tourism industry has been using graphic films for promotional purposes such as making billboards, hoardings, banners, etc. This is largely due to the beneficial properties of these films, such as flexibility and durability.
Graphic films have an aesthetic appeal and hence are a popular choice for interior decoration. The construction industry in the MEA is dominated by Saudi Arabia. With rapid urbanization and industrialization, the construction industry is set to flourish further. Graphic films are used in making side-walks, walls, windows, etc in residential and non-residential buildings. The increased government expenditure on infrastructure projects will indirectly push for the sales of graphic films. However, the market faces restraints such as the highly-unbalanced revenue structure of the market. Provision of graphic films at lower rates by local vendors pull customers towards them, thus decreasing the sales of larger companies. This causes imbalance in the market structure, and developing a solution to this problem is essential to enable greater market growth.
Competitive Outlook
Numerous companies have their presence in the graphic films manufacturing market. Some of them are Drytac Corporation, 3M Company, Amcor, Ltd., Achilles USA, Inc., Agfa Graphics, Hexis S.A., Constantia Flexibles, Jessup Manufacturing, Covestro AG, CCL Industries, Wiman Corporation, Avery Dennison Corporation (Acquired by CCL Industries, Inc.), Dunmore, Kay Premium Marking Film, Arlon Graphics LLC and E.I. DuPont De Nemours & Company.
Table of Contents
1. Graphic Films Market - Summary
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M Company
- Achilles Usa Inc.
- AGfa Graphics
- Amcor Ltd
- Arlon Graphics LLC
- Avery Dennison Corporation (Acquired By Ccl Industries, Inc.)
- Ccl Industries
- Constantia Flexibles
- Covestro AG
- Drytac Corporation
- Dunmore
- E.Idu Pont Nemours And Company
- Hexis Sa
- Jessup Manufacturing
- Kay Premium Marking Film Ltd.
- Wiman Corporation