DUBLIN--(BUSINESS WIRE)--The "Paint Protection Films Market by Material (Thermoplastic Polyurethane, Polyvinyl Chloride), End-Use Industry (Automotive, Electronics, Construction), and Region (North America, Europe, Asia Pacific, MEA, South America) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
In Terms of Value, the Global Paint Protection Films Market Size is Estimated to be USD 242 Million in 2019 & is Projected to Reach USD 341 Million By 2024, at a CAGR of 7.1% from 2019 to 2024.
Increasing consumption of thermoplastic consumption, coupled with rising sales of luxury cars, is expected to drive the growth of the paint protection film industry during the forecast period. Moreover, China being one of the largest producers & consumers of thermoplastic polyurethane material, creates a scope for sustainable growth of paint protection films.
Thermoplastic polyurethane (TPU) is the dominant material which is likely to drive the market during the forecast period.
Based on material, the paint protection film market has been classified into thermoplastic polyurethane, polyvinyl chloride, and others. Properties such as self-healing, elasticity, non-yellowing, and recyclability, among others, are expected to drive the growth of thermoplastic polyurethane-based paint protection films during the forecast period. On account of all these properties, this material is expected to grow at an impressive CAGR over the forecast period.
Automotive is the major consumer of the paint protection film market and is expected to grow further.
Based on the end-use industry, the paint protection film market has been classified into automotive, electronics, construction, and others. In terms of volume & value, the automotive industry accounted for the largest share and is expected to grow briskly during the forecast period. This growth can be attributed to cautiousness for maintenance of showroom finish of the vehicles, increasing resale value, and low impact of the automotive industry slowdown to the sales of luxury cars throughout the globe.
Asia Pacific occupied for the majority of the market share in 2019 and is projected to witness the fastest growth during the forecast period.
Based on geography, the paint protection film market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South Africa. In terms of value, the Asia Pacific region accounted for the largest share in the paint protection film market. This growth is attributed to increasing sales of luxury cars in the Asia Pacific region coupled with China being one of the largest producers and consumers of thermoplastic polyurethane material which is the primary base material for manufacturing paint protection films.
- Superior Properties of Paint Protection Films
- Technological Advancements in Paint Protection Films
- High Cost of Installation
- Availability of Substitutes
- Increasing Applications of Paint Protection Films
- Skill and High Precision Required for the Installation of PPF
- Requirement of Regular Maintenance on Installed Surfaces
Porter's Five Forces Analysis
- 3M Company
- Xpel, Inc.
- Eastman Chemical Company
- Avery Dennison Corporation
- Hexis S.A.
- Schweitzer-Mauduit International, Inc.
- Grafityp Selfadhesive Products Nv
- Orafol Europe Gmbh
- Premiumshield Limited
- Saint-Gobain Performance Plastics Corporation
- Kangde Xin Composite Material Group Co. Ltd (Kdx)
- Sharpline Converting Inc.
- Scorpion Window Film
- Ziebart International Corporation
- Ad-Winner Co., Ltd.
- Garware Suncontrol
- Prestige Film Technologies
- Dingxin Films
- Reflek Technologies Corporation
- Madico, Inc
- Haverkamp Gmbh
- Tesa Se - a Beiersdorf Company
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