Paint Protection Films Market | Covid-19 Impact Analysis

Paint Protection Films Market Insights

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.

Market Share Analysis

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Paint Protection Films Market Share: 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.

Paint Protection Films Market Share: 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.

Paint Protection Films Market Share: 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.

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Some of the major paint protection film manufacturers are-

• 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.

Market Scope & Segmentation

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.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The paint protection films market is segmented into the following categories. 

Paint Protection Films Market Size, Share, & Forecast, by Material Type:

• Thermoplastic Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyvinyl Chloride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Paint Protection Films Market Size, Share, & Forecast, by End-Use Industry Type:

• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Paint Protection Films Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• 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

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].