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The global paint protection film market was valued at US$ 311.58 Million in 2021.
We expect the global paint protection film market to exhibit a CAGR of 5.35% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for paint protection film.
The rising adoption of paint protection film, owing to its enhanced finish, superior protection against corrosion, and high-temperature resistance properties, is primarily driving the global paint protection film market.
Based on the material, the global paint protection film market can be bifurcated into thermoplastic polyurethane, polyvinyl chloride, and others. Currently, thermoplastic polyurethane accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global paint protection film market include 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.
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