The global paint protection film market size was valued at USD 468 million in 2017, and is estimated to reach at 809 million by the end of year 2026, expand at a growth rate of 7.2% during the forecast period.
Paint Protection Film is categorized as a thin film made up of a thermoplastic urethane material. These films are applied to the painted surface of electronic products,automotive, and airplanes in order to protect it from a number of scratch agents such as minor abrasives, bug splatters, and stone chips. These films greatly help in retentive of vehicle’s brand new appearance. These are commonly known as clear film, PPF, clear paint film, and others. These films are mainly used to avoid damage to the painted surface of automotive and other transportation vehicles, caused by rock chips and other material. These are broadly used in various applications such as electrical & electronics, automotive, aerospace & defense, among others.
The global paint protection film market is estimated to grow at a substantial CAGR due to the various factors, which includes, increasing demand from electronic items, growing automotive sector, and rising defense budgets of various countries. In addition,improved economic condition, increasing automotive production and automotive sales, and rising consumer preferences towards cost-effective products are some of the major factors which are anticipated to provide the potential opportunities to the paint protection film demand over the projected period. On the other hand, high installation cost associated with the target product is estimated to hinder the global market growth over the forecasted period.However, strong product demand from various applications such as paint protection in vehicles, aircraft, electronic gadgets, boats, ships etc., has stimulated the growth of the global market. Furthermore, innovations in technology in order to offer sustainable products with nominal environmental impact are estimated to propel the global market growth.
The global market for paint protection film is highly competitive in nature owing to high product sales and varieties for paint protection films offered by numerous local and international players. Additionally, selection of raw materials is one of a key factor for manufacturers to meet the common industry standards for manufacturing of protection films for wide applications.
Availability of these products on online e-commerce platform, that makes them user friendly for customers across the globe, is projected to boost the global market growth. Furthermore, various initiatives taken by major industry players in order to cater installation services via company-owned service stations and third-party installers can create potential opportunities for the global market growth during the forecast period.
Among product type segments, the TPU films segment are flexible, naturally strong, and are easy to install on the surfaces of vehicles, therefore, have high demand in automotive applications. These films accounted for the highest share, in terms of revenue in 2018, attributable to the superior quality, anti-corrosion, pressure sensitivity, transparent properties, anti-yellowing, etc.
Among application segments, the aerospace segment is poised to register a significant rate of growth during the forecast period owing torising air transportation coupled with increasing defense practices by numerous countries. Booming aircraft manufacturing segment, in which paint protection films are used to protect vessels from corrosion and oxidation, is projected to fuel the demand.
Market Segmentation, By Product
Market Segmentation, By Application
Market Segmentation, By Region
Asia Pacific market dominated the global market in the year 2017, as the region is the largest market for automotive production and consumption. Increasing transportation activities, availability of raw materials, low labor cost, and high consumer demand have been attracting several vehicle manufacturers to start new manufacturing facilities in the region, thereby, augmenting the demand for paint protection films during the forecast period. On the other hand, the Europe market is expected to witness a significant growth rate, owing to high production volumes of air crafts and passenger cars. Rising defense spending of countries including Germany, U.K., France, Spain, and Italy, coupled with increasing demand for the target product from the electronics sector, are providing a boost to the regional paint protection film market.
Major companies contributing the global paint protection film market are 3M Company, Argotec, Avery Denison, DuraShield, LLumar, Paint Shield, Premier Protective Films International, PremiumShield, Proshield, Solar Gard, StarShield Solutions, SunTek Films, Vanzetti, and XPEL Technologies.
The global plastic compounding market size is poised to reach over USD 95,425.3 Million by 2026 and is expected to grow at CAGR 6.9% during the forecast period, 2019-2026. Plastic compounding is an effective process preparing plastics formulations by blending additives and polymers in the molten state and is normally done by extrusion. In this process characteristics of basic plastics are transformed to create plastic formulat
By 2026, the global Homopolymer acrylic filter bags market is expected to reach USD 1.3 billion and is expected to grow at the CAGR of 4.8% during the forecasted period 2019-2026. The homopolymer acrylic filter bags packaging market is expected to witness significant growth in the future due to its increased demand in Application industries such as food & beverage and healthcare. Significant ch
The global phenolic resin Market is expected to grow at CAGR 4.8% during the forecast period, 2019-2026 and will reach over USD 15.3 Billion by 2026. Phenolic resins are one of the most adaptive materials with diverse application scope having a number of properties such as sustainability, high heat, porosity, flexibility, chemical resistance, and sliding proeperties are anticipated to promote its d
According to Acumen Research and Consulting, the global refinery catalyst market size is poised to reach around US 5.8 billion by 2026 and growing at noteworthy CAGR of 3.7 % throughout the forecast period 2019 to 2026. The rates of chemical reactions in refineries are commonly used by refineries in petroleum refinery due to their ownership. In addition, the quality of the petrol products generated
According to Acumen Research and Consulting, the global polyurethane market value is expected to reach around US$ 91 billion by 2026 and growing at noteworthy CAGR around 6.8 % throughout the forecast period 2019 to 2026. The report provides analysis of global Polyurethane market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
According to Acumen Research and Consulting, the global Noble Ferro Alloys Market size is expected to reach around US$ 65 billion by 2026 and growing at noteworthy CAGR around 7.2 % over forecast period 2019 to 2026. The report provides analysis of global Noble Ferro Alloys market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.