Paint Protection Films - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Paint Protection Films Market is accounted for $222.84 million in 2018 and is expected to reach $468.22 million by 2027 growing at a CAGR of 8.6% during the forecast period. Some of the key factors propelling the market growth are increasing thermoplastic consumption, strong product demand for paint protection in vehicles, electronic gadgets, aircraft, boats, and ships, rising defense budgets of various countries. However, lack of skilled workforce and high cost of installation are restricting the market growth.
Paint protection film is a thermoplastic urethane film applied on the surface of automotive or electronic goods to protect the products from stone chips, minor scratches, and bug splatters. This film is installed using computer-cut patterns to the automobiles and other products for accurate and effective installations. It is flexible, stick hardly to curves and corners with no visual traces, and offer easy installation. Paint protection films ensure durability of paint and coating base and preserve it against extreme climatic conditions which can cause fading of colour shade or corrosion of the vehicle body.
By end user, the automotive segment is expected to grow significantly during the forecast period, due to increasing cautiousness for maintaining showroom finish of the vehicles, increasing resale value, and minimal impact of the automotive industry slowdown on the sales of luxury cars throughout the globe. 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.
Based on the geography, Asia Pacific is anticipated to have considerable growth during the forecast period, owing to increasing sales of luxury cars in the Asia Pacific region coupled with China being the largest producer & consumer of thermoplastic polyurethane material, which is the main base material for manufacturing paint protection films. Moreover, increasing 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.
Some of the key players in paint protection films market include XPEL, Inc., Eastman Chemical Company, Saint-Gobain, Reflek Technologies Corp., ORAFOL Europe GmbH, Avery Dennison Corporation, CCL Industries, Zhejiang Shichuang Optics Film Manufacturing Co., Ltd, etc., 3M Company, Hexis S.A., Sharpline Converting Inc., Scorpion Window Film, STEK USA, Prestige Film Technologies, Madico, Inc., and Premiumshield Limited.
Materials Covered:
• Polyvinyl Chloride
• Thermoplastic Polyurethane
• Polyethylene
• Other Materials
Coat Types Covered:
• Multilayer Based
• Top Coat Based
Finishes Covered:
• Gloss Finish
• Matte Finish
Formulation Types Covered:
• Solvent Based System
• Water Based System
Applications Covered:
• Lighting Parts
• Vehicle Body
Channels Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)
End Users Covered:
• Construction
• Automotive
• Electrical & Electronics
• Aerospace & Defense
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Paint Protection Films Market, By Material
5.1 Introduction
5.2 Polyvinyl Chloride
5.3 Thermoplastic Polyurethane
5.4 Polyethylene
5.5 Other Materials
5.5.1 Polyester
5.5.2 Polyethylene Terephthalate(PET)
6 Global Paint Protection Films Market, By Coat Type
6.1 Introduction
6.2 Multilayer Based
6.3 Top Coat Based
7 Global Paint Protection Films Market, By Finish
7.1 Introduction
7.2 Gloss Finish
7.3 Matte Finish
8 Global Paint Protection Films Market, By Formulation Type
8.1 Introduction
8.2 Solvent Based System
8.3 Water Based System
9 Global Paint Protection Films Market, By Application
9.1 Introduction
9.2 Lighting Parts
9.3 Vehicle Body
10 Global Paint Protection Films Market, By Channel
10.1 Introduction
10.2 Aftermarket
10.3 Original Equipment Manufacturer (OEM)
11 Global Paint Protection Films Market, By End User
11.1 Introduction
11.2 Construction
11.3 Automotive
11.3.1 Door Handle and Door Edges
11.3.2 Rocker Panels
11.3.3 Full Hoods and Roofs
11.3.4 Bumpers
11.4 Electrical & Electronics
11.5 Aerospace & Defense
11.6 Other End Users
11.6.1 Marine
11.6.2 Transportation
12 Global Paint Protection Films Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 XPEL, Inc.
14.2 Eastman Chemical Company
14.3 Saint-Gobain
14.4 Reflek Technologies Corp.
14.5 ORAFOL Europe GmbH
14.6 Avery Dennison Corporation
14.7 CCL Industries
14.8 Zhejiang Shichuang Optics Film Manufacturing Co., Ltd, etc.
14.9 3M Company
14.10 Hexis S.A.
14.11 Sharpline Converting Inc.
14.12 Scorpion Window Film
14.13 STEK USA
14.14 Prestige Film Technologies
14.15 Madico, Inc.
14.16 Premiumshield Limited
List of Tables
1 Global Paint Protection Films Market Outlook, By Region (2017-2027) ($MN)
2 Global Paint Protection Films Market Outlook, By Material (2017-2027) ($MN)
3 Global Paint Protection Films Market Outlook, By Polyvinyl Chloride (2017-2027) ($MN)
4 Global Paint Protection Films Market Outlook, By Thermoplastic Polyurethane (2017-2027) ($MN)
5 Global Paint Protection Films Market Outlook, By Polyethylene (2017-2027) ($MN)
6 Global Paint Protection Films Market Outlook, By Other Materials (2017-2027) ($MN)
7 Global Paint Protection Films Market Outlook, By Polyester (2017-2027) ($MN)
8 Global Paint Protection Films Market Outlook, By Polyethylene Terephthalate(PET) (2017-2027) ($MN)
9 Global Paint Protection Films Market Outlook, By Coat Type (2017-2027) ($MN)
10 Global Paint Protection Films Market Outlook, By Multilayer Based (2017-2027) ($MN)
11 Global Paint Protection Films Market Outlook, By Top Coat Based (2017-2027) ($MN)
12 Global Paint Protection Films Market Outlook, By Finish (2017-2027) ($MN)
13 Global Paint Protection Films Market Outlook, By Gloss Finish (2017-2027) ($MN)
14 Global Paint Protection Films Market Outlook, By Matte Finish (2017-2027) ($MN)
15 Global Paint Protection Films Market Outlook, By Formulation Type (2017-2027) ($MN)
16 Global Paint Protection Films Market Outlook, By Solvent Based System (2017-2027) ($MN)
17 Global Paint Protection Films Market Outlook, By Water Based System (2017-2027) ($MN)
18 Global Paint Protection Films Market Outlook, By Application (2017-2027) ($MN)
19 Global Paint Protection Films Market Outlook, By Lighting Parts (2017-2027) ($MN)
20 Global Paint Protection Films Market Outlook, By Vehicle Body (2017-2027) ($MN)
21 Global Paint Protection Films Market Outlook, By Channel (2017-2027) ($MN)
22 Global Paint Protection Films Market Outlook, By Aftermarket (2017-2027) ($MN)
23 Global Paint Protection Films Market Outlook, By Original Equipment Manufacturer (OEM) (2017-2027) ($MN)
24 Global Paint Protection Films Market Outlook, By End User (2017-2027) ($MN)
25 Global Paint Protection Films Market Outlook, By Construction (2017-2027) ($MN)
26 Global Paint Protection Films Market Outlook, By Automotive (2017-2027) ($MN)
27 Global Paint Protection Films Market Outlook, By Door Handle and Door Edges (2017-2027) ($MN)
28 Global Paint Protection Films Market Outlook, By Rocker Panels (2017-2027) ($MN)
29 Global Paint Protection Films Market Outlook, By Full Hoods and Roofs (2017-2027) ($MN)
30 Global Paint Protection Films Market Outlook, By Bumpers (2017-2027) ($MN)
31 Global Paint Protection Films Market Outlook, By Electrical & Electronics (2017-2027) ($MN)
32 Global Paint Protection Films Market Outlook, By Aerospace & Defense (2017-2027) ($MN)
33 Global Paint Protection Films Market Outlook, By Other End Users (2017-2027) ($MN)
34 Global Paint Protection Films Market Outlook, By Marine (2017-2027) ($MN)
35 Global Paint Protection Films Market Outlook, By Transportation (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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