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Global Paint Protection Film Market Research Report - Forecast to 2023

Global Paint Protection Film Market Research Report - Forecast to 2023

Global Paint Protection Film Market: by application (automotive, electrical & electronics, aerospace & defense, and others), and by region – Forecast till 2023
Synopsis of Paint Protection Film
Paint protection film belongs to thermoplastic urethane material. These are the special type of protective films applied on the painted surface of a vehicle to protect the surface from impact, abrasion agents, and offers resistance against light and heat. The abrasion agents include bug splatters, minor abrasives, and stone chips.

The major advantage of these films is that they greatly help in retaining the showroom quality of vehicle and enhances its appearance. Pain protective films are commonly known as clear film, clear paint film, and PPF. They are majorly used to prevent damage to the automotive surface and other vehicles, from rock chips and dust particles. Apart from automotive, these films are also used in the electrical & electronics and aerospace & defense.

The market is projected to value at USD 1277.82 million at a a CAGR of 5.89% by the year 2023.

According to MRFR estimation, the global paint protection film market was pegged at USD 861.5 million in 2016 and is projected to be valued at USD 1277.82 million at a CAGR of 5.89% by 2023 The protuberant factors responsible for this growth are, the growing automotive sector, increasing demand for electronic items, and rising defense budgets of various countries. Additionally, increasing production of the passenger as well commercial vehicles, improving the economic condition of developing countries, and shifting consumer patterns in favor of cost benefits offered by the products are predicted to propel the growth of the global paint protection film over the review period. However, the factors hindering this growth trajectory over the forecast period is a high installation cost associated with this product.

Global paint protection film market, by application, 2016 (%)

Source: MRFR Analysis

Regional Analysis
Based on the geography, the paint protection film market is spanned across five key regions viz. North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, Asia Pacific is the largest market, which is majorly driven by the emerging industries such as automotive and electrical & electronics in this region. This region accounted for 38% share of the market in, terms of volume, in 2016. It is estimated to mark USD 492.05 million at a considerable CAGR of around 6.1% over the review period. As per the analysis of MRFR, the countries namely China, India, and Japan are likely to fetch sizeable demand for paint protection film from the growing end users such as automotive sector and electrical & electronics. It has been estimated that China registered the value of USD 173.5 million and is expected to reach USD 268.1 million during the period under consideration.

Europe is another important region in the global paint protective films market, which held 23% of the global market, in terms of value, in 2016. In coming years, this region is anticipated to expand at a considerable growth rate. Germany, the U.K, and France are the major contributors to the European market. The major factors driving this trend are surging demand for paint protection films leading end users in this region namely aerospace & defense and automotive.

Segmentation
The global paint protection film market is segmented based on application and region.
Based on application, the market is categorized into automotive, electrical & electronics, aerospace & defense, and others. Among these segments, the automotive segment is the largest application, which accounted for 71.5% share of the global paint protective films market in 2016. The automotive segment is projected to grow at a robust CAGR of around 6.17% during the forecast period. Increasing automotive production mingled with the surging demand for personal vehicles in emerging economies such as India, South Korea, and China are driving the market growth. Furthermore, the trend of sharing cars and lightweight vehicles is gainig popularity.

Lastly regionally, the market is segmented into Europe, Latin America, the Middle East & Africa, Asia Pacific, and North America.

Key Players
The prominent players operating in the global paint protective films market are HEXIS S.A., RENOLIT, The 3M Company, Saint-Gobain Performance Plastics, Eastman Chemical Company, PremiumShield, XPEL TECHNOLOGIES CORP., Avery Dennison Corporation, ORAFOL Europe GmbH, and SWM.

Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
U.S.
Canada
• Europe
Germany
U.K
France
Italy
Russia
Rest of Europe
• Asia Pacific
China
Japan
India
Rest of Asia Pacific
• Latin America
Brazil
Mexico
Rest of Latin America
• Middle East & Africa
Turkey
Saudi Arabia
Rest of the Middle East & Africa

Key Findings
Global paint protection film market is projected to reach USD 1277.821 million by 2023 at a CAGR of 5.89% over the forecast period 2017-2023. The Asia Pacific accounted for largest share (~38%) due to increasing automotive production and sales in countries such as China, Japan, India, and South Korea. Furthermore, increasing disposable income along with strong demand for premium cars in India and Southeast Asia is predicted to surge the demand for paint protection film. The automotive segment accounted for the largest share of 71.5% in 2016, with a market value of USD 615.972 million and is estimated to grow at the highest CAGR of 6.17% due to rising number of personal vehicles along with shifting consumer preference to protect their vehicle from day to day attack from debris, dirt, and airborne particulates.

Intended Audience
• Paint Protection Film manufacturers
• Traders and distributors of paint protection film
• Production process industries
• Potential investors
• Raw material suppliers
DC –Description
• 3M Paint Protection film
• Auto Paint Protection
• Clear protective film
• Clear car wrap
• PPF film
• Scratch protection film
• Clear plastic protective film
• Rock chip protection film


1 Report Prologue
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Expansion Of Automotive Sector In Emerging Economies
4.2.2 Increasing Penetration In Electrical & Electronics And Aerospace & Defence Sector
4.3 Restraint
4.3.1 High Installation Cost
4.4 Opportunity
4.4.1 Growth Of Aerospace & Defense As Well As Electronics Sector
4.5 Trends
4.5.1 Consumer Preference Towards Cost-benefit Products
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Paint Protection Film Manufacturers
5.1.3 Distribution Channel
5.1.4 End-user Industry
5.2 Porter's Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Threat Of Rivalry
5.2.3 Threat Of Substitute
5.2.4 Bargaining Power Of Supplier
5.2.5 Bargaining Power Of Buyer
6 Global Paint Protection Film Market, By Application
6.1 Introduction
6.2 Automotive
6.3 Electrical & Electronics
6.4 Aerospace & Defense
6.5 Others
7 Global Paint Protection Film Market, By Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 Uk
7.3.3 France
7.3.4 Italy
7.3.5 Russia
7.3.6 Rest Of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest Of Asia Pacific
7.5 Latin America
7.5.1 Brazil
7.5.2 Mexico
7.5.3 Rest Of Latin America
7.6 Middle East And Africa
7.6.1 Turkey
7.6.2 Saudi Arabia
7.6.3 Rest Of Middle East And Africa
8 Competitive Landscape
8.1 Introduction
8.2 Market Strategy Analysis
8.3 Key Developments Of Market Players
9 Company Profiles
9.1 3m
9.1.1 Company Overview
9.1.2 Financials
9.1.3 Products
9.1.4 Strategy
9.1.5 Key Developments
9.2 Eastman Chemical Company
9.2.1 Company Overview
9.2.2 Financials
9.2.3 Products
9.2.4 Strategy
9.2.5 Key Developments
9.3 Avery Dennison Corporation
9.3.1 Company Overview
9.3.2 Financials
9.3.3 Products
9.3.4 Strategy
9.3.5 Key Developments
9.4 Hexis S.A.
9.4.1 Company Overview
9.4.2 Financials
9.4.3 Products
9.4.4 Strategy
9.4.5 Key Developments
9.5 Premiumshield
9.5.1 Company Overview
9.5.2 Financials
9.5.3 Products
9.5.4 Strategy
9.5.5 Key Developments
9.6 Xpel Technologies Corp.
9.6.1 Company Overview
9.6.2 Financials
9.6.3 Products
9.6.4 Strategy
9.6.5 Key Developments
9.7 Saint-gobain Performance Plastics
9.7.1 Company Overview
9.7.2 Financials
9.7.3 Products
9.7.4 Strategy
9.7.5 Key Developments
9.8 Orafol Europe Gmbh
9.8.1 Company Overview
9.8.2 Financials
9.8.3 Products
9.8.4 Strategy
9.8.5 Key Developments
9.9 Swm
9.9.1 Company Overview
9.9.2 Financials
9.9.3 Products
9.9.4 Strategy
9.9.5 Key Developments
9.10 Renolit
9.10.1 Company Overview
9.10.2 Financials
9.10.3 Products
9.10.4 Strategy
9.10.5 Key Developments
10 Conclusion
List Of Tables
Table 1 Global Paint Protection Film, By Application, 2015-2023 (Usd Thousand)
Table 2 Global Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 3 Global Paint Protection Film Market For Automotive, By Application, 2015-2023 (Usd Thousand)
Table 4 Global Paint Protection Film Market For Automotive, By Application, 2015-2023 (Thousand Sq. Metre)
Table 5 Global Paint Protection Film Market For Electrical & Electronics, By Application, 2015-2023 (Usd Thousand)
Table 6 Global Paint Protection Film Market For Electrical & Electronics, By Application, 2015-2023 (Thousand Sq. Metre)
Table 7 Global Paint Protection Film Market For Aerospace & Defense, By Application, 2015-2023 (Usd Thousand)
Table 8 Global Paint Protection Film Market For Aerospace & Defense, By Application, 2015-2023 (Thousand Sq. Metre)
Table 9 Global Paint Protection Film Market For Others, By Application, 2015-2023 (Usd Thousand)
Table 10 Global Paint Protection Film Market For Others, By Application, 2015-2023 (Thousand Sq. Metre)
Table 11 Global Paint Protection Film Market, By Region, 2015-2023 (Usd Thousand)
Table 12 Global Paint Protection Film Market, By Region, 2015-2023 (Thousand Sq. Metre)
Table 13 Global Paint Protection Film Market, By Application, 2015-2023 ( Usd Thousand)
Table 14 Global Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 15 North America Paint Protection Film Market, By Country, 2015-2023 (Usd Thousand)
Table 16 North America Paint Protection Film Market, By Country, 2015-2023 (Thousand Sq. Metre)
Table 17 North America Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 18 North America Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 19 U.S. Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 20 U.S. Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 21 Canada Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 22 Canada Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 23 Europe Paint Protection Film Market, By Country, 2015-2023 (Usd Thousand)
Table 24 Europe Paint Protection Film Market, By Country, 2015-2023 (Thousand Sq. Metre)
Table 25 Europe Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 26 Europe Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 27 Germany Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 28 Germany Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 29 Uk Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 30 Uk Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 31 France Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 32 France Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 34 Italy Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 35 Russia Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 36 Russia Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 37 Rest Of Europe Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 38 Rest Of Europe Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 39 Asia Pacific Paint Protection Film Market, By Country, 2015-2023 (Usd Thousand)
Table 40 Asia Pacific Paint Protection Film Market, By Country, 2015-2023 (Thousand Sq. Metre)
Table 41 Asia Pacific Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 42 Asia Pacific Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 43 China Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 44 China Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 45 Japan Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 46 Japan Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 47 India Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 48 India Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 49 Rest Of Asia Pacific Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 50 Rest Of Asia Pacific Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 51 Latin America Paint Protection Film Market, By Country, 2015-2023 (Usd Thousand)
Table 52 Latin America Paint Protection Film Market, By Country, 2015-2023 (Thousand Sq. Metre)
Table 53 Latin America Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 54 Latin America Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 55 Brazil Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 56 Brazil Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 57 Mexico Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 58 Mexico Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 59 Rest Of Latin America Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 60 Rest Of Latin America Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 61 Middle East And Africa Paint Protection Film Market, By Country, 2015-2023 (Usd Thousand)
Table 62 Middle East And Africa Paint Protection Film Market, By Country, 2015-2023 (Thousand Sq. Metre)
Table 63 Middle East And Africa Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 64 Middle East And Africa Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 65 Turkey Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 66 Turkey Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 67 Saudi Arabia Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 68 Saudi Arabia Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 69 Rest Of Middle East And Africa Paint Protection Film Market, By Application, 2015-2023 (Usd Thousand)
Table 70 Rest Of Middle East And Africa Paint Protection Film Market, By Application, 2015-2023 (Thousand Sq. Metre)
Table 71 Key Developments

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