Paint Protection Films Market 2021: Detailed analysis and growth trends post COVID-19 outbreak
OCT 12,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Paint Protection Films Market.
Paint Protection Films Market is likely to witness a healthy CAGR of 7.2% during the forecast period. The demand for paint protection films is growing majorly due to increasing sales of luxury cars and wide usage in various industries.
Paint protection films are thermoplastic urethane films applied on painted surfaces to protect the paint from scratches, damage, minor abrasions, and bug splatters. These films are used in various applications such as automobiles, airplanes, motor cycles, electronics, and many more.
Paint protection films are generally made of different materials such as thermoplastic polyurethane and polyvinyl chloride.
By Material Type
Based on the material type, the market is segmented as thermoplastic polyurethane, polyvinyl chloride, and others. The thermoplastic polyurethane segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Some of the properties driving the market for thermoplastic polyurethane paint protection films are anti-paling, self-healing, recyclability, and elasticity.
By End-Use Industry Type
Based on the end-use industry type, the paint protection films market is segmented as automotive, electronics, construction, and others. The automotive segment dominated the market in 2019, owing to maintenance of the new look of vehicles, increase resale value, scratch resistance, and protection from the adverse effects of sunlight and rain. The segment is likely to lead the market during the forecast period as well.
By Region
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for paint protection films during the forecast period, driven by increase in sales of luxury cars. China is estimated to be the biggest producer and consumer of thermoplastic polyurethane, which is the principle base material preferred for making paint protection films. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
- The 3M Company
- Avery Dennison Corporation
- Eastman Chemical Company
- GRAFITYP Selfadhesive Products NV
- Hexis S.A.
- ORAFOL Europe GmbH
- PremiumsShield Limited
- Saint-Gobain Performance Plastics Corporation
- Schweitzer-Mauduit International, Inc.
- XPEL, Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Paint Protection Films Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
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