Magnetic Whiteboard Films Market Size, Share, Growth, And Industry Analysis, By Type (Magnetic PVC Films, Magnetic PET Films, Magnetic Silicone PE Films and Other), By Application (Commercial and Household), Regional Forecast To 2032

Magnetic Whiteboard Films Market Report Overview

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The global magnetic whiteboard films market size expanded rapidly in 2023 & the market is expected to generate substantial revenue by 2032, a robust CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the magnetic whiteboard films market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

It is possible to convert a whiteboard into a magnetic board by using a magnetic whiteboard films, which is a flat, translucent coating. With magnets and this film, users can attach messages, sketches, or other papers to the board. Since they make posting and removing papers on the whiteboard simple, whiteboard films are crucial. Usually, the films are constructed from a high-grade PET material that has been coated with a specific substance to produce a flawless whiteboard texture. The back of the film is magnetized, making it possible for it to adhere to any ferrous or magnetic surface, such as a refrigerator, cupboard, or walls. Films may be simply trimmed to fit any certain size or shape as they come in a range of sizes.

The market is expanding as a result of rising interest in interactive whiteboards for usage in both professional and domestic settings, as well as growing knowledge of the advantages of magnetic whiteboard films over conventional whiteboards. The whiteboard film industry is divided into four categories based on type: magnetic PET films, magnetic PVC films, magnetic silicone PE films, as well as other varieties. Given its inexpensiveness and accessibility in contrast to various kinds of magnetic films, the Magnetic PVC Films category is projected to dominate the worldwide films market during the period of forecasting. The market for magnetic whiteboards is split into two groups depending on application: corporate uses and home appliances.

COVID-19 Impact: Use of Digital Tools Caused a Drop in Interest for Traditional Films 

The production and sale of magnetic whiteboard films have been significantly impacted by the COVID-19 epidemic, as had the world economy and many other industries. Global supply networks had been affected by the epidemic, which also led to significant economic unrest and the temporary or permanent closure of numerous enterprises. The epidemic had also hastened the use of online technologies and remote communication, which had an impact on the demand for physical whiteboard films. The use of virtual whiteboards and other digital tools for distant cooperation and learning had increased, which had caused a drop in interest in traditional whiteboard films.

Latest Trends

"Use of Nano-coatings to Enhance the Functionality and Longevity of the Magnetic Films "

Use of cutting-edge coating technologies to enhance the functionality and longevity of the magnetic whiteboard films is one of the most recent market trends. Using nano-coatings to improve the film's abrasion resistance, anti-glare capabilities, and basic optical clarity is one such method. With the aid of this technology, users may easily write and wipe on the board without producing any traces or residues. Moreover, the improved anti-glare qualities increase visibility, making it simpler to read in a variety of lighting situations and from varied angles.

Magnetic Whiteboard Films Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Magnetic PVC Films, Magnetic PET Films, Magnetic Silicone PE Films and Other

• By Application Analysis

Based on application, the market can be divided into Commercial and Household

Driving Factors

"Growing Need for Affordable and Convenient Communication Methods is Predicted to Grow the Film Sector"

A practical and affordable communication method used in a variety of locations, including companies, residences, and classes, is magnetic film. Magnetic whiteboard films are more portable, simpler to mount, and can be made to fit a variety of sizes and forms than regular whiteboards. They are also reusable and don't call for any other tools or supplies. Whiteboard films are predicted to continue to be in demand due to the growing desire for effective and useful communication solutions.

"Demand for Whiteboards is Rising Owing to Increasing Use of Visual Communication and Emphasis on Teamwork"

Drawings, control charts, and visualizations are instances of visual communication tools that are becoming more and more common in a variety of fields, including commerce, advertising, and learning. Magnetic whiteboard films are a vital component of visual interaction since they offer a flexible surface for drawing and erasing charts and diagrams. Additionally, modern business and educational contexts depend heavily on collaboration and teamwork. Interactive whiteboard films enable a space for sharing of ideas and collaborative thinking. They are an indispensable tool for teamwork and collaboration since they make it simple for members to scribble, sketch, and share data.

Restraining Factors

"Digital Whiteboard’s Benefits Over Magnetic Films Prevent the Latters Industry from Growing"

An ecologically responsible alternative to conventional whiteboards and magnetic films is provided by electronic whiteboards and interactive displays. Markers and erasers are not needed with virtual whiteboards and interactive displays, which eliminates waste and encourages conservation. Furthermore, with capabilities including handwritten character recognition, voice commands, and cloud services, interactive displays offer a more smooth and practical customer experience. Due to their accessibility and simplicity, digital whiteboards are becoming more popular than conventional whiteboard films. These factors are thus, preventing the magnetic whiteboard films market growth from expanding to its full potential during the forecast time frame.

Magnetic Whiteboard Films Market Regional Insights

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"North America Dominated the Market due to Wide Adoptions of Digital Tools and Increase Spending in R&D"

Several factors contributed to North America's dominance of the magnetic whiteboard films market share. Magnetic films are widely used in the education industry in North America, where digital learning tools are widely adopted. This is as a result of the increased focus on interactivity and collaborative learning settings. The educational sector favors whiteboard films since they offer a flexible and affordable solution for interactive learning. Several businesses in the region that produce films as their sole business continue to spend money on R&D to increase the strength, resistance to abrasion, and anti-glare qualities of their goods. These developments have boosted the attraction of whiteboard films as well as further accelerated their commercial uptake.

Key Industry Players

"Key Players Focus on Product Development and Innovation to Gain a Competitive Advantage"

Magnetic whiteboard films manufacturers are implementing a number of techniques to improve their market share. The quality, usefulness, and durability of the films used by market participants are being improved through research and development. In order to increase the attraction of their products to customers, they are creating sustainable coating substances, anti-glare coverings, and other cutting-edge features. To entice clients who are price conscious and boost their market share, market participants are also providing competitive rates. Additionally, they are providing coupons and other incentives to entice clients to choose their whiteboard films rather than competing rivals.

LIST OF TOP MAGNETIC WHITEBOARD FILMS COMPANIES

• 3M (U.S.)
• Goudsmit Magnetics (Netherlands)
• HEXIS Graphics (France)
• Newlife (Poland)
• Smarter Surfaces (Ireland)
• WEpaint (India)

Report Coverage

This report covers the magnetic whiteboard films market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.