“The protective films market size was US$ 1,162 Million in 2023 and is likely to grow at a decent CAGR of 4.9% in the long run to reach US$ 1,670 Million in 2030.”
Market Dynamics
Introduction
Protective Films are thin, flexible layers of plastic or other materials that are designed to protect surfaces from damage during various stages of manufacturing, transportation, installation, or storage. These films are applied to surfaces temporarily and can be easily removed without leaving any residue or causing harm to the underlying material. Their primary function is to shield surfaces from scratches, abrasions, dirt, dust, moisture, and other contaminants. These films are designed to be easily applied and removed without leaving residue or causing any damage to the underlying surface. Protective films are commonly used in construction, automotive, electronics, appliances, aviation, medical, and food & beverage industries. They can be found on various surfaces, including glasses, plastics, laminates, aluminum, metal, stones, and even carpets.
Covid Impacts and Recovery
The protective films market declined during COVID-19 due to supply chain disruptions and global lockdown. The market again faced a severe decline due to overstocking by customers and slowing growth of industries, such as building & construction and electronics, from the second half of 2022 until mid-2023. Despite all the challenges, the transportation sector registered positive growth fueled by increasing automotive and aircraft production coupled with exponential growth in demand for EVs. With the growing population, rapid urbanization, and rise in disposable income, the market is expected to grow and reach its pre-pandemic levels by 2027.
Recent Market JVs and Acquisitions:
- In 2022, Polifilm Group to strengthen its presence in Central, South-Eastern, and Eastern Europe, acquired Berlin-based pro dis GmbH, a long-standing trading partner of POLIFILM PROTECTION and a sales specialist for markets in selected countries of Central, South-Eastern, and Eastern Europe.
- In 2020, Pregis LLC announced the completion of its acquisition of So.Pr.Ad. SRL (Soprad). With the integration of So.Pr.Ad. SRL (Soprad), the PolyMask brand of Pregis LLC now offers solvent-rubber- and solvent-acrylic-based product solutions to customers across the globe.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Class-Type Analysis
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Self-Adhesive Films and Adhesive-Coated Films
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Adhesive-coated films are likely to be the most preferred class for protective films.
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Material-Type Analysis
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PE Films, PP Films, PET Films, PVC Films, and Other Films
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PE is projected to be the most used material type in the protective films market.
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End-User-Type Analysis
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Building & Construction, Transportation, Electronics & Appliances, and Others
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Building & construction is estimated to be the biggest demand generator for protective films throughout the forecast period.
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Substrate-Type Analysis
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Stainless Steel, Aluminum, Plastic, Glass, Pre-Coated Metals, Laminates, Stones, Carpets, and Others
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Plastic is expected to remain the largest as well as the fastest-growing substrate during the forecast period.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is anticipated to remain the largest market for protective films over the forecast period.
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By Class Type
“Adhesive-coated films are expected to maintain their irrefutable lead whereas self-adhesive films are likely to grow at the faster rate in the protective films market during the forecast period.”
- The protective films market is segmented into self-adhesive films and adhesive-coated films.
- Adhesive-coated protective films have high peel strength, creating a strong bond with the substrate, making them more resistant to peeling and tearing, essential for high-wear applications.
- Self-adhesive films are simple to apply and do not leave any residue upon removal, making them a popular choice among consumers.
- The rapid growth of self-adhesive films is primarily due to their ease of application, consistency, enhanced protection, and their ability to be used on any substrate, unlike adhesive-coated films that may not be suitable for some substrates.
By Material Type
“PE protective films are expected to remain the dominant and fastest-growing material of the market during the forecast period.”
- The market is segmented into PE Films, PP Films, PET Films, PVC Films, and Other Films.
- PE is a recyclable material, and most players prioritize sustainable products to sustain in the market.
- Due to their cost-effectiveness, light weight, flexibility, and extensibility, these films are the most preferred and dominate the market.
- These films are available in a range of thicknesses and widths making them customized to be used on a variety of substrates in different applications.
By End-User Type
“Building & construction is expected to remain the pioneer of the market throughout the forecast period.”
- The market is segmented into building & construction, transportation, electronics & appliances, and others
- Laminates, furniture surfaces, carpets, windows, doors, glass mirrors, wood surfaces, marble, countertops, etc. are the key applications behind the dominance of the building & construction industry in the protective films market.
- The expanding worldwide construction industry, increasing spending in infrastructure development, and increasing demand for commercial and residential construction are the primary factors behind the fastest growth of building & construction.
By Substrate Type
“Plastic is projected to remain the dominant as well as fastest-growing substrate of the market during the forecast period.”
- The market is segmented into stainless steel, aluminum, plastic, glass, pre-coated metals, laminates, stones, carpets, and others.
- Increasing demand from end-use industries like construction (PVC doors and windows, plastic sheets for roofing, acrylic sheets, etc.), automotive (dashboard panels, door trims, consoles, instrument panels, bumpers, body panels, spoilers, grilles, lights & lenses, side view mirrors, etc.), and electronics (casing and enclosures, appliance handles, refrigerator shelving, PCBs, etc.).
- The growing popularity of plastics across various applications in every industry due to their cost-effectiveness, lightweight, flexibility, and durability is the key reason behind the fastest growth of the substrate type.
Regional Analysis
“Asia-Pacific is expected to remain the largest market for protective films throughout the forecast period”.
- Growth is mainly driven by India and China due to increasing investment in infrastructure development, increase in automobile production, increasing population, and rapid urbanization.
- Presence of major protective film manufacturers in Asia-Pacific, such as Nitto Denko Corporation, Guangdong NB Technology Co., and Ltd. Ecoplast Ltd.
- China has the highest urbanization rate in the world, which is driving the demand for residential construction and infrastructure development. The country is also the world’s largest producer of automobiles and electronic
- Schemes such as the Smart City Mission and increasing demand for commercial and residential buildings are the major driving factors for India’s growth in the market.
Key Players
The market is fairly consolidated with the presence of some players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the protective films market.
Here is the list of the Top Players (Based on Dominance)
- Chargeurs SA
- Polifilm Group
- Nitto Denko Corporation
- Pregis LLC.
- Bischof + Klein SE & Co. KG
- XPEL Inc.
- American Blitrite Inc.
- E.I. Du Pont De Nemours and Company
- Resonac Holdings Corporation
- 3M Company
- Ecoplast Ltd.
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The protective films market is segmented into the following categories.
Protective Films Market, by Class Type
- Self-Adhesive Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Adhesive-Coated Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Protective Films Market, by Material Type
- PE Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PP Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PET Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PVC Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other Films (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Protective Films Market, by End-User Type
- Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electronics & Appliances (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Protective Films Market, by Substrate Type
- Stainless Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aluminum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Plastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Glass (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pre-Coated Metals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Laminates (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Stones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Carpets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Protective Films Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s protective films market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 20 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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 three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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