Paint Protection Films Market - Global Industry Analysis

Paint Protection Films Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6745 Status : Upcoming

Description

Global Paint Protection Films Market: Overview

Paint protection film (PPF), also called as clear film or clear paint film, is a thermoplastic urethane film that can be applied on the painted surfaces of a vehicle, electronic device, or residential paint to increase the product life. The paint protection films offer several benefits to the customers by protecting the paint from dust and scratch, it also helps the painted surface to become dull from other environmental factors such as heat. Paint protection films also provide glossy shine to the paint that remains for longer durations. With its easy installation and durability, paint protection films are now widely used in automobile, construction, and electronic sectors.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Paint Protection Films Market: Growth Factors

The growing use of paint protection films from the automotive sector for full hoods, door edges, bumpers, roofs, and many more is the prime factor that is spurring the growth of the global paint protection films market. To protect the non-visible and visible surfaces, automotive OEMs utilize paint protection films as they provide gloss retention and exceptional film clarity. In addition to this, paint protection films are also widely used for the fortification of several electronics gadgets including refrigerators, laptops, and computers. As a fact, demand for electronic devices is touching the skies owing to an increase in the standard of living and growing disposable income in the developing countries which in turn is booming the demand for paint protection films. In addition to this, the rapidly expanding automotive sector, majorly due to the introduction of electric vehicles and their acceptance in most of the countries are also equally contributing to the growth of the global market. However, the high installation cost of paint protection films may hinder the progress of the global paint protection films market. On the other hand, technological advancements and heavy investments by the key players for the production of long-lasting paint protection films are likely to generate numerous growth opportunities for the global paint protection films market during the forecast period.

The COVID-19 pandemic has shown deleterious effects on the development of the global paint protection films market. The major utilizer of paint protection films is the automobile sector. However, the automobile sector is also severely shaken by pandemic effects. This has directly depleted the demand for paint protection films in the automobile industry. Secondly, the electronics and construction industry also halted their production and manufacturing activities which have also affected the demand for paint protection films. However, customers are more aware of the importance of paint protection films which is expected to boost its demand over the forecast period.

Global Paint Protection Films Market: Segmentation

The global paint protection films market is categorized based on material, finish, application, and region. The material segment is segregated as polyvinyl chloride (PVC), thermoplastic polyurethane (TPU), and others. By finish, the global market for paint protection films is bifurcated as matte, glass, and others. Based on applications, the global paint protection films market is split into electronics & communication, automobile, aerospace & defense, buildings & construction, and others.

Global Paint Protection Films Market: Regional Analysis

Asia Pacific is projected to remain the most lucrative regional market for paint protection films on the global platform. The paint protection films market in the region is mainly flourishing due to the presence of a large automobile industry. China, India, Japan, and South Korea are some of the major automobile manufacturers in the world. The number of automobile sales in these countries is also high, which is directly contributing to the elevated demand for paint protection films in the region. On top of that, increasing demand for paint protection films in well-developed construction and electronic industry is also contributing to the significant market growth in the region. North America is expected to be the second largest revenue contributor in the global paint protection films market. The market growth in the region is attributed to increasing awareness regarding the protection of costly paintwork on automobiles, houses, and electronic devices. The US is anticipated to generate large revenue in the region, whereas Canada is also set to offer healthy growth opportunities for the paint protection films market over the projected years. The paint protection films market in Europe is expected to be dominated by Germany, UK, and France. These countries are expected to generate significant revenue in the regional market.

Global Paint Protection Films Market: Competitive Players

Some of the major players that are operating in the global paint protection films market are 3M, Helix S.A., Eastman Performance Films, XPEL, Inc., Premium Shield Limited, FERREXPO, Reflek Technologies Corporation, Schweitzer-Maudit International, ORAFOL EUROPE GmbH, Opticshield, Avery Dennison Corporation, Renolit, KDX Composite Material, and SWM, Inc.

Global Paint Protection Films Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The growing use of paint protection films from the automotive sector for full hoods, door edges, bumpers, roofs, and many more is the prime factor that is spurring the growth of the global paint protection films market. In addition to this, the rapidly expanding automotive sector, majorly due to the introduction of electric vehicles and their acceptance in most of the countries are also equally contributing to the growth of the global market.

Some of the major players that are operating in the global paint protection films market are 3M, Helix S.A., Eastman Performance Films, XPEL, Inc., Premium Shield Limited, FERREXPO, Reflek Technologies Corporation, Schweitzer-Maudit International, ORAFOL EUROPE GmbH, Opticshield, Avery Dennison Corporation, Renolit, KDX Composite Material, and SWM, Inc.

 

Asia Pacific is projected to remain the most lucrative regional market for paint protection films on the global platform. The paint protection films market in the region is mainly flourishing due to the presence of a large automobile industry.

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