Global Paint Protection Film Market Size Was Worth USD 432.6 million in 2020, and Is Projected to Grow to USD 697.1 million by 2028

October 12, 2021, New York, USA -

Paint Protection Film: Introduction

Paint Protection Film (PPF) is also called the clear film, clear paint film and clear bra. Paint protraction film is a thermoplastic urethane. It has self-healing attributes. PPF is often applied to the surface of the new car or used car in order to get protection from minor abrasion, stone chip and bug splatters. PPF has multiple uses, and it is also used on aeroplanes, cell phones, screens, motorcycles, RVs, electronics and many more. All the cars manufacturers have approved the PPF. 

Paint Protection Film has been installed on a minimal basis by manufacturers on various sections of the cars. Mostly high impacts areas of the cars are covered by PPF. Generally, only certified trained professionals install paint protection films.                 

The Global Paint Protection Film Market Forecast: 

The Global Paint Protection Market is expected to expand from USD 456.8 million in 2021 to reach USD 697.1 million by 2028, with a compound annual growth rate of 6.2% over the 2021-2028 timeframe.

The growing use of thermoplastics, along with the increasing sales of luxury automobiles, is anticipated to propel the growth of paint protection films (PPF) over the forecast time.

The market of Paint Protection Film (PPF) is predicted to dominate by Thermoplastic polyurethane (TPU).

The properties of self-healing, elasticity, non-yellowing and recycling and many more are anticipated to fuel the development of thermoplastic polyurethane-based paint protection films over the forecast time. Additionally, the availability of this material is anticipated to increase the size that will be seen in the coming years.

The automotive end-user industry is expected to be the biggest contributor to the market for paint protection films (PPF) during the forecast time.

Based on the industry of end-use, the paint protection films market is classified into electronic, automotive construction, and others. In the end segments, the automotive segment accounted for the most percentage and is predicted to expand significantly over the forecast time. This increase can be attributed to a growing concern for keeping their showroom appearance and the increase in resales value, and a minimal effect of the decline in the automobile industry on sales of luxury automobiles around the world.

Asia Pacific to remain the largest market for paint protection films (PPF) in the forecast time.

There is no doubt that the Asia Pacific market is the largest consumer of paint protection films (PPF), and during the forecast period, it is predicted to grow at the highest CAGR. This is due to the rising demand for high-end automobiles across the Asia Pacific. Asia Pacific region, coupled with China being the biggest producer and consumer of thermoplastic polyurethane, which is the main raw material used in the production of paint protection film (PPF).

Key Drivers of Global Paint Protection Film Market:  

On the basis of its application, Paint Protection Film (PPF) has been classified into electronics & electrical, aerospace, automotive and others. Automotive is the biggest segment of the market for paint protection film. The increase in the number of vehicles has resulted in a rise in the demand for paint protection films.

In the automotive industry, paint protection films are utilized for rocker panels, bumpers, hoods, hoods, mirrors, backs and door handles cavity, edge of doors, full trunks, hoods and roofs.

Automotive OEMs use PPF to protect the various visible surfaces. Visible surfaces such as the edges of the hood, rocker panels, door openings, wheel flairs, and many other non-visible surfaces002EPPF has excellent film quality and clarity, as well as gloss retention using a special, durable clear coat that provides optimal protection of the surface.

Various electronic gadgets, including computers, tablets, television sets, refrigerators and laptops, are protected by paint protection film (PPF). The improvement in living standards along with a rise in the demand for electronic gadgets is expected to increase the market for protective films for painting for the electronic segment.

The pointers mentioned above will boost the market for paint protection film (PPF).

The Key Market Segmentation of the Global Paint Protection Film Market: 

Global Paint Protection Film Market can be divided into Material, Packaging Types, By Finish End-User Industry, and Geographical landscapes, etc. 

Paint Protection Film Market Segmentation by Material:

Thermoplastic Polyurethane

Polyvinyl Chloride

Others (Polyester, Polyethylene Terephthalate(PET))

Paint Protection Film Market Segmentation by End-User Industry:

Automotive

Electronics

Construction

Others (Transportation, Marine)

Paint Protection Film Market Segmentation by Finish:

Glass

Matte

Others

Paint Protection Film Market Segmentation by Geographical Landscape:

North America

Europe

Asia Pacific

South America

The Middle East and Africa

Major Key Players in the Global Paint Protection Film Market Are:

Eastman Performance Films, LLC

XPEL, Inc.

3M Company

LG Chem

Avery Dennison Corporation

The Global Paint Protection Film Market Report Highlights:

The market for paint protection films across the Asia Pacific is expected to expand at a fast rate in the forecast period. The rising demand for automobiles from nations like India, China, South Korea, Vietnam, Taiwan and Singapore are expected to increase the demand for the market for paint protection film across the Asia Pacific region. Additionally, the maintenance of in-use vehicles is growing in markets in the Asia Pacific. China is predicted to lead the demand for paint protection film (PPF) throughout the Asia Pacific region.

The market for paint protection films in Europe is dominated by Germany, Norway, France as well as the U.K. The market is driven by the production of electric and conventional automobiles in Europe.