The global Paint Protection Film Market is forecast to reach USD 461.7 Million by 2027, according to a new report by Reports and Data. Paint safety film is a thermoplastic coating that cures when added to painted surfaces. The product is commonly used in the automotive industry to cover certain parts that are more vulnerable to abrasion or harm. Paint safety film is used in various parts of the vehicle, such as a door panel, bonnet, front bumper, rear bumper, side panel, side skirt, etc. The product prevents the car from soil, wax, mud, bugs, etc. induced by surface stains. It also gives a long period to maintain the vehicle surface to finish flawless. In effect, increasing demand for lightweight automobiles and hybrid cars will boost the market for color safety films in the coming years.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Paint Protection Film market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Paint Protection Film business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Paint Protection Film in the coatings and paints are driving the market. The increasing usage of bio-based Paint Protection Film will also supplement Paint Protection Film market revenue share through 2027
Further key findings from the report suggest
Based on the material, polyvinyl chloride generated a revenue of USD 31.8 million in 2019 and predicted to rise with a CAGR of 6.0% in the forecast period due to its wide variety of applications owing to excellent properties such as lightweight, abrasion resistance, better mechanical strength, low cost.
The matte finish expected to grow with a CAGR of 6.1% in the forecasted period, as they are much more prone to damage than the glossy ones and are more costly. Thus, matte finish paint safety films are more appropriate to be used instead of other sections for coating the entire vehicle.
The automotive & transportation industry is the major contributor to the Paint Protection Film Market. The automotive & transportation sectors of the Asia Pacific region are the major shareholder of the market and held around 70.2% of the market in the year 2019, owing to the rapid industrialization, combined with growing transportation requirements, culminated in expanded demand for passenger and commercial cars.
The Asia Pacific dominated the market for Paint Protection Film in 2019. The region’s consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The Asia Pacific region held approximately 37.3% of the market, followed by North America, which contains around 24.9% market in the year 2019.
Competitive Terrain:
The global Paint Protection Film market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Paint Protection Film market are listed below:
Zhejiang Shichuang Optics Film Manufacturing Co. Ltd., Avery Dennison Corporation, Eastman Chemical Company, 3M, CCL Industries, Reflek Technologies Corp., Xpel Inc., Hexis S.A., Saint-Gobain, and STEK USA, among others.
Material Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Thermoplastic Polyurethane
Polyvinyl Chloride
Polyethylene Terephthalate (PET)
Polyester
Others
Finish Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Million; 2017-2027)
Matte Finish
Gloss Finish
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Automotive & Transportation
Electrical & Electronics
Aerospace & Defense
Others
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Key Takeaways from the Global Paint Protection Film Market report:
The global Paint Protection Film market report entails a broad product segmentation.
It methodically evaluates the overall product expanse of this business space.
The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.
The report provides the reader with a generic summary of the application gamut of the global Paint Protection Film market.
The report further details the market share and product demand for each application segment.
The study estimates the growth rate of each application segment over the projected timeframe.
Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Paint Protection Film Market Segmentation & Impact Analysis
Chapter 5. Paint Protection Film Market, By Type Insights & Trends
Chapter 6. Paint Protection Film Market, By Application Insights & Trends
Chapter 7. Paint Protection Film Market, By End Use Insights & Trends
Chapter 8. Paint Protection Film Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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