Paint Protection Films Market, By Application (Automotive, Electrical & Electronics, Aerospace & Defense, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2030

Report Code: PMI97419 | Publish Date: July 2023 | No. of Pages: 167

Global Paint Protection Films Market Overview

Introduction:

Paint protection film is a self-healing often thermoplastic urethane film used to painted surfaces of a new or used car with an aim to protect the paint from stone chips, bug splatters, and minor abrasions. This film is also used on airplanes, RVs, cell phones, screens, electronics, motorcycles and many other areas. The primary function of paint protection film is to prevent rock chips in paint, scuffs, many types of vandalism and other scenarios that result in superficial damage to car paint. Paint protection film is mostly placed on the forward facing portions of automobiles but may also be installed on as much as a full body of a vehicle for the maximum paint protection. Paint protection film is also commonly used for door edge guards and door cups. The Global Paint Protection Films Market accounted for US$ 240.00 million in 2020 and is estimated to be US$ 432.06 million by 2030 and is anticipated to register a CAGR of 5.50%.

Global Paint Protection Films Market Dynamics

                          

Growing demand for automobiles

Growing demand for automobiles in the emerging markets is estimated to drive growth of the global paint protection films market over the forecast period. Additionally, growing demand for end use industries such as automobiles, electronics, aerospace, and defense is majorly boosting growth of the global paint protection films market. For instance, according to data published by Bureau of Labor statistics, in April 2019, employment of aerospace engineers is projected to grow 6% from 2016 to 2026, as fast as the average for all occupations. Electronics such as mobile phones, display screen, tablets, and keyboards are expected to be emerging applications over the forecast period. For instance, according to data published by Scientific research Organization, in June 2018; number of smartphone users worldwide has reached 2.5 Bn, which is equivalent to 33% of the world population. The ability of paint protection film to prevent the surface of electronic goods from scratches, wear, and abrasions are expected to propel the global market growth over the forecast period. Thermoplastic urethane films have a protective role in electronic gadgets and appliances, coupled with electrical & electronic industry fosters which in turn enhance growth for the global paint protection films markets. Heavy use of Paint Protection Films in the aerospace industry for the protection of cockpit instrument panels and fuselage valves is likely to augment the growth of the global paint protection films market.

Stringent safety laws

However, slower adoption rate of emerging applications, coupled with stringent safety laws on production is the major hindrance factor for growth of the global market. Increasing demand for UV-curable paint protection film and increasing government spending on energy systems are the major trends expected to boost growth of the global market over the forecast period.

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Global Paint Protection Films Market Segmentation

                            

Global paint protection films market on the basis of application and region. On the basis of application, the global market is segmented into automotive, electrical & electronics, aerospace & defense, and others. Automotive application segment is expected to maintain its dominance over the forecast period. Paint protection film is widely used in automotive industry to protect exposed surfaces of vehicles such as bumper, hoods, body cavities, door handles, and edges from abrasions, stone chips, and splatters. The electrical & electronics application segment is estimated to be one of the major applications in the global paint protection film market. Growing demand for mobile phones, display screens, and other electronic appliances is expected to drive the electrical & electronics application segment over the forecast period.

Regional Insights:

                        

For detailed understanding of market dynamics, the global paint protection films market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. The Asia Pacific is expected to account the highest share of the global paint protection films market and is estimated to maintain its dominance over the forecast period. Presence of a large number of automobile manufacturers in the region is expected to fuel the global paint protection films market growth. The global market growth is anticipated to be propelled by the growing production capacity of India and China coupled with growing demand for end-use industries in emerging economies such as China, India, South Korea and Indonesia. Growing investments by automobile manufacturers in the region are expected to fuel the global paint protection films market growth over the forecast period.

                      

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Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Application- Automotive, Electrical & Electronics, Aerospace & Defense, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Paint Protection Films Marketreport based on product, mode of delivery and region.

Global Paint Protection Films Market, By Region:

      • North America
        • North America Paint Protection Films Market, By Application
        • North America Paint Protection Films Market, By Country
          • U.S.
          • Canada
      • Europe
        • North America Paint Protection Films Market, By Application
        • North America Paint Protection Films Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • North America Paint Protection Films Market, By Application
        • North America Paint Protection Films Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific                                                                                           
      • Latin America
        • North America Paint Protection Films Market, By Application
        • North America Paint Protection Films Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • North America Paint Protection Films Market, By Application
        • North America Paint Protection Films Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Paint Protection Films Market Key Players

                                            

Some of the prominent players operating in the global paint protection films market include 3M Company, Eastman Chemical Company, Xpel Technologies Corp., Premium Shield Pvt. Ltd, The Lubrizol Corporation, Eastman Performance Films LLC., Avery Dennison Corporation, Saint-Gobain Performance Plastics Corp., Paint Shield Ltd., and Topaz Detailing. Technological advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global paint protection films market. For instance, on May 2019, Eastman Chemical Company has made an investment in leading 3D scanning technology for paint protection film patterns. Also, on June 2019, Xpel Technologies Corporation- a leading supplier of automotive paint protection films, window films, ceramic coating, and architectural flat glass films has pleased to announce a partnership with The Porsche Club of America (PCA) Club Racing as the official ceramic coating and window tint for 2019.

Global Paint Protection Films Market Company Profile

      •  Tata Steel Limited
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Business Strategies Overview
      • 3M Company 
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Eastman Chemical Company
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Xpel Technologies Corp.
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Premium Shield Pvt. Ltd.
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • The Lubrizol Corporation
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Eastman Performance Films LLC.
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Avery Dennison Corporation
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Saint-Gobain Performance Plastics Corp.
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Paint Shield Ltd.
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Topaz Detailing
        • Company Overview 
        • Product Portfolio
        • Key Highlights
        • Financial Performance

Global Paint Protection Films Market Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Market Trends
    • Product Launch
    • Merger and Acquisitions
    • Impact Analysis
    • PEST Analysis
    • Porter’s Analysis
  4. Global Paint Protection Films Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Automotive
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Electrical & Electronics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Aerospace & Defense
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Paint Protection Films Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  6. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • 3M Company
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Eastman Chemical Company
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Xpel Technologies Corp.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Premium Shield Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • The Lubrizol Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Eastman Performance Films LLC
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Avery Dennison Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Saint-Gobain Performance Plastics Corp.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Paint Shield Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Topaz Detailing
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
    • Analyst Views
  7. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

Global glyphosate market has been segmented on the basis of application and region.

Growing demand for automobiles in the emerging markets is estimated to drive growth of the global paint protection films market over the forecast period.

Asia-Pacific dominated the market of fertilizer additives during the forecast year.

Some of the prominent players operating in the global paint protection films market include 3M Company, Eastman Chemical Company, Xpel Technologies Corp., Premium Shield Pvt. Ltd, The Lubrizol Corporation, Eastman Performance Films LLC., Avery Dennison Corporation, Saint-Gobain Performance Plastics Corp., Paint Shield Ltd., and Topaz Detailing.