Paint Protection Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Paint Protection Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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Market Overview:

The global paint protection film market reached a value of US$ 311.58 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 432.8 Million by 2027, exhibiting a CAGR of 5.35% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Paint protection film (PPF) is a thin thermoplastic urethane material made using a unique adhesive substance that bonds to the substrate of a vehicle. It is usually applied over high-exposed areas like rear fender panels, front bumper, hood, grille, side-view mirrors, door edges, headlights, and fog lights to provide a shield against natural contaminants. It also protects the surface of the car from unsightly chips, light scratches, toxins, chemicals, and road grime and improves the overall aesthetic. In addition, it can withstand the damage from ultraviolet (UV) exposure that causes the paint to oxidize and fade over time. Nowadays, PPF is commercially used with professional-grade nano-ceramic coatings to offer extended protection.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Paint Protection Film Market Trends:

Cars are susceptible to damage as they are regularly exposed to airborne contaminants and other pollutants that deteriorate protective coatings and automotive finishes. This, in confluence with the rising demand for private vehicles due to the increasing consumer spending and the emerging suburbanization trend, represents one of the main factors fueling the market growth. Moreover, the growing sales of luxury cars and sports utility vehicles (SUVs) for outdoor recreational activities is driving the need for effective and premium PPF products. Besides this, as these products provide an enhanced finish, superior protection against corrosion, and high-temperature resistance, PPFs are gaining traction over their counterparts, which have harsh chemical cleaners and agents and can damage the paint finish. Apart from this, market players are offering products with unique characteristics that can be customized according to a specific vehicle. They are also offering high-quality variants with excellent durability, which is anticipated to create a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global paint protection film market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, formulation type and end use industry.

Breakup by Material:

 

 
 

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  • Thermoplastic Polyurethane
  • Polyvinyl Chloride
  • Others
     

Breakup by Formulation Type:

  • Water-based
  • Solvent-based
     

Breakup by End Use Industry:

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

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Avery Dennison Corporation, Compagnie de Saint-Gobain S.A., Eastman Chemical Company, Grafityp, Hexis S.A.S, Kangde Xin Optical Film Materials (Shanghai) Co. Ltd., ORAFOL Europe GmbH, Reflek Technologies Corporation, Schweitzer-Mauduit International Inc., XPEL Inc. and Ziebart International Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Material, Formulation Type, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, Avery Dennison Corporation, Compagnie de Saint-Gobain S.A., Eastman Chemical Company, Grafityp, Hexis S.A.S, Kangde Xin Optical Film Materials (Shanghai) Co. Ltd., ORAFOL Europe GmbH, Reflek Technologies Corporation, Schweitzer-Mauduit International Inc., XPEL Inc. and Ziebart International Corporation.
Customization Scope 10% Free Customization
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Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Paint Protection Film Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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