Paint Protection Film Market is accounted for USD 697 million in 2020, growing at a robust CAGR of 6.2% during forecast period

Introduction of the Paint Protection Film Market Report

The paint protection film is referred to as a high-quality thermoplastic urethane film applied to painted surfaces to protect the paint from UV exposure, chemicals, scratches, toxins, road grime, bug splatters, and minor abrasions. This film is widely used on airplanes, helicopters, cell phones, electronic appliances, screens, motorcycles, and others.

To have an edge over the competition by knowing the market dynamics and current trends of “Paint Protection Film Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The increasing consumption of thermoplastics, the rising automotive paint protection industry, and the rising demand for paint protection films from end-use industries including transportation, marine, defense, electronics, and others are expected to drive the growth of the paint protection film market size over the forecast period. In addition, the growing application of paint protection film on cars, helicopters, race cars, airplanes, and other vehicles to protect their paint against mechanical damages is further promoting the paint protection film market share growth. Moreover, increasing demand for electronic appliances including smartphones, laptops, tablets, and smart displays coupled with the need to protect them from abrasion, and accidental falls is further expected to contribute to the growing demand for paint protection film in the coming years.

Restraint in the Paint Protection Film Market

However, the high cost of the paint protection film is one of the major factors expected to restraint the growth of the market over the forecast period. Moreover, a lack of certified and highly-trained professionals is further expected to hamper the growth of the market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Application – Segment Analysis

Based on the application, automotive and transportation are expected to hold a prominent share in the paint protection film market. This can be attributed to the growing sales of luxury cars coupled with the rising demand of customers for improving the shine, exterior look, and appeal of the vehicle. In addition, increasing the application of paint protection film to high-impact areas of vehicles that include front bumpers, hoods, side mirrors, rocker panels, door handle cavities, and front fenders is further accelerating the demand for PPF in the coming years.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Asia-Pacific is expected to witness a notable CAGR over the forecast period. This is primarily due to the growing electric & electronics industry, and high automotive production coupled with the rising manufacturing of electric cars and luxury cars in India, China, Bangladesh, and Japan. Moreover, according to the International Energy Agency (IEA), China accounted for 47% of the global electric car sales in 2019. This is expected to escalate the market growth in the Asia-Pacific.

Top Market Players

Several leading Paint Protection Film companies operating in the market, include Eastman Performance Films, LLC, Avery Dennison Corporation, 3M Company, XPEL, Inc., Hexis S.A.S., Eastman Chemical Company, Reflek Technologies Corporation, Schweitzer-Mauduit International, Inc., KDX Composite Material Co., Ltd., and Premier Protective Films International, and others.

Key Developments:

• • In 2019, Eastman Performance Films, LLC, launched a higher impact-resistant film offering to its paint protection film (PPF) product portfolio, under the LLumar® and SunTek® brands. This PPF is expected to offer an increased level of impact resistance in clear, self-healing paint protection films.
  • In 2019, Avery Dennison Corporation launched three new Supreme Wrapping Film colors options for paint protection and automotive window films. The new colors are SWF Gloss Metallic Fun Purple, SWF Gloss Metallic Passion Red, and SWF Satin Metallic Energetic Yellow.

Segments covered in the Report:

The global Paint Protection Film market has been segmented on the basis of application, and key regions. Based on the application, the market is segmented into automotive & transportation, electrical & electronics, aerospace & defense, and others.

For detailed scope of the “Paint Protection Film Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Paint Protection Film market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Paint Protection Film Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Paint Protection Film Market?
  • Which application generated maximum revenues in 2020 and identify the most promising application during the forecast period?
  • What are the various applications of global Paint Protection Film Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Paint Protection Film Market by Application

• • Automotive & Transportation
  • Electrical & Electronics
  • Aerospace & Defense
  • Others

Global Paint Protection Film Market by Region

• • North America Paint Protection Film Market (Option 1: As a part of the free 25% customization)
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Paint Protection Film Market (Option 2: As a part of the free 25% customization)
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Paint Protection Film Market (Option 3: As a part of the free 25% customization)
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Paint Protection Film Market (Option 4: As a part of the free 25% customization)
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Paint Protection Film Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Eastman Performance Films, LLC.
  • Avery Dennison Corporation
  • 3M Company
  • XPEL, Inc.
  • Hexis S.A.S.
  • Eastman Chemical Company 
  • Reflek Technologies Corporation
  • Schweitzer-Mauduit International, Inc.
  • KDX Composite Material Co., Ltd.
  • Premier Protective Films International