Global Paint Protection Film Market 2017-2021
About Paint Protection Film
Paint protection film (PPF) is a thermoplastic urethane (TPU) film used on weak painted surfaces for protection against external environmental conditions, such as bug splatters; stone chips; and minor abrasions. Equipped with enhanced properties, PPF is gaining immense demand across various end-user industries. These properties include transparency, high tensile strength, microbial and water resistance, durability, impact resistance, UV protection, and others. TPU films are classified based on their chemical classes, such as polyester; polyether; and polycaprolactone. Also, TPU films are again classified into aromatic and aliphatic TPUs. Among this two classes, PPF belongs to aliphatic TPU.
Technavio’s analysts forecast the global paint protection film market to grow at a CAGR of 5.88% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global paint protection film market for 2017-2021. To calculate the market size, the report considers the retail selling price is considered as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Paint Protection Film Market 2017-2021
Technavio recognizes the following companies as the key players in the global paint protection film market: 3M, Avery Dennison, Eastman Chemical Company, The Lubrizol Corporation, and XPEL TECHNOLOGIES
Other Prominent Vendors in the market are: Argotec, Autotech, DuPont, HEXIS, Madico, PremiumShield, Paintshield, PROSKIN, Saint-Gobain Performance Plastics, and STEK-USA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing demand for UV-curable PPF. UV-curable PPF exhibits high performance and offers quicker assembly line benefits. The focus on R&D to develop UV-curable PPF that offers scratch resistance is increasing the growth rate of the global automotive films market. Vendors are set to launch UV-cure PPF that is effective in reducing the fading time in paints. UV-cure automotive OEM films currently account for less than 3% of the total market share. The revenue share is projected to increase during 2016-2025 owing to the increasing number of automotive OEMs adopting UV-curable PPF technology. Hence, the automotive OEM UV-curable PPF segment is expected to witness a stronger growth rate during the forecast period”
According to the report, one of the major drivers for this market is Expansion of consumer electronics industry. PPFs have been widely used by the consumer electronics industry since a long time. It offers scratch and heat resistance to a range of applications such as cell phones, LED, document handling systems, displays and projector, wearable electronic devices, gaskets optics and lighting, rollers, and others. The demand for consumer electronics is being driven by the increasing urban population, the rise in disposable income, strong supply chain, and increasing internet penetration worldwide. The increasing demand for consumer electronics has given rise to the demand for PPFs. APAC is the major producer and consumer market for PPFs used in consumer electronics goods.
Further, the report states that one of the major factors hindering the growth of this market is Slower adoption rate of emerging applications. Despite the increase in awareness about energy savings worldwide, consumers are ignorant about the benefits of PPFs, in terms of energy efficiency and other superior properties. Currently, PPFs are being used extensively in high-performance automotive and aerospace and defense industries. However, the commercial application of PPF in high-temperature industrial applications is still utilized by a small number of industries.
3M, Avery Dennison, Eastman Chemical Company, The Lubrizol Corporation, XPEL TECHNOLOGIES, Argotec, Autotech, DuPont, HEXIS, Madico, PremiumShield, Paintshield, PROSKIN, Saint-Gobain Performance Plastics, and STEK-USA.