Surface Protection Film Market
PUBLISHED: 2024 ID: SMRC25797
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Surface Protection Film Market

Surface Protection Film Market Forecasts to 2030 - Global Analysis By Material Type (Polyurethane (PU), Polyethylene (PE), Poly Vinyl Chloride (PVC), Polypropylene (PP), Polyethylene Terephthalate (PET) and Other Material Types), Thickness, Colour, Technology, Application, End User and By Geography

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Published: 2024 ID: SMRC25797

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Surface Protection Film Market is accounted for $1.6 billion in 2023 and is expected to reach $2.7 billion by 2030 growing at a CAGR of 7.7% during the forecast period. Surface Protection Film is a thin, adhesive-backed polymer film applied to surfaces to shield them from scratches, dirt, and damage during handling, shipping, or installation. Typically, transparent, it preserves the appearance and integrity of surfaces such as glass, metal, plastic, and painted finishes. Designed to be easily removable without leaving residue, it safeguards surfaces in various industries including automotive, electronics, construction, and manufacturing.

Market Dynamics: 

Driver: 

Increasing demand for surface protection

Surface protection films provide a barrier against UV radiation, moisture, chemicals, and other environmental factors that can cause deterioration or discoloration of surfaces. Moreover, the rise in e-commerce and online retail has contributed to the demand for surface protection films. Surface protection films offer a reliable solution to safeguard products during handling, transportation, and delivery, which significantly propels this market.

Restraint:

High cost

The production of surface protection films often involves expensive raw materials along with advanced manufacturing processes and technologies. Some end-users may find it difficult to justify investing in protective films, especially if they perceive alternative solutions to be more cost-effective or if the benefits of using the films are not adequately communicated. Moreover, fluctuations in raw material prices can further exacerbate cost concerns, impacting profitability and pricing strategies for manufacturers, which are hampering this market expansion.

Opportunity:

Growing E-commerce and retail

As online shopping gains popularity, there is an increasing need for effective protection of products during packaging, shipping, and delivery. With the rapid growth of e-commerce and the continuous expansion of the retail sector, the demand for surface protection films is on the rise. Companies and sellers are increasingly recognizing the importance of investing in reliable packaging solutions to enhance customer satisfaction and reduce product returns. Furthermore, as the e-commerce and retail sectors continue to thrive, the demand for surface protection films is expected to grow further, driving the expansion of the market.

Threat:

Limited awareness

Many potential users, particularly in niche industries or regions, may not fully understand the benefits of these films or be aware of their existence. This lack of awareness can stem from various factors, including insufficient marketing efforts, inadequate distribution channels, and a general reluctance to adopt new technologies or products. Additionally, misconceptions about application complexities or removal difficulties may further deter potential customers which are impeding this market growth.

Covid-19 Impact

The COVID-19 pandemic has had a negative impact on the surface protection film market. With businesses scaling back operations and projects, there was reduced demand for surface protection films used in construction, automotive, and other sectors, leading to decreased sales and revenue for manufacturers. Many construction projects, renovations, and infrastructure developments were delayed or put on hold due to lockdowns and travel restrictions, which led to decreased sales and revenue for manufacturers and impeded the market.

The polyurethane (PU) segment is expected to be the largest during the forecast period

The polyurethane (PU) segment is estimated to hold the largest share due to its exceptional properties and versatile applications. Their flexibility enables easy application to curved or irregular surfaces without compromising performance. Additionally, PU films often exhibit excellent adhesion properties, ensuring a secure bond to the substrate without leaving residue upon removal, which is boosting this segment’s growth.

The dry bond lamination segment is expected to have the highest CAGR during the forecast period

The dry bond lamination segment is anticipated to have highest CAGR during the forecast period due to a strong and durable protective layer. They are commonly used in industries such as packaging, electronics, and construction, where surface protection is essential to preserve product integrity and aesthetics. Furthermore, its versatility and eco-friendly nature eliminate the need for adhesives that may contain volatile organic compounds (VOCs) or require additional curing processes, which is driving this segment’s expansion.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period, owing to a substantial portion of global vehicle production and sales. With large-scale infrastructure projects underway, there is a growing need to protect surfaces such as glass, metal, and flooring during construction, renovation, and maintenance activities. Furthermore, the electronics and semiconductor industries in Asian countries are major consumers of surface protection films, which are driving this region’s expansion.

Region with highest CAGR:

North America is expected to witness highest CAGR over the projection period, owing to robust demand driven by various industries and consumer preferences. The construction sector in North America, particularly in the United States and Canada, witnesses significant investments in infrastructure development, residential, and commercial projects. Moreover, the growing trend of e-commerce and online retailing in North America amplifies the need for protective packaging solutions, thereby bolstering brand reputation in this region.

Key players in the market

Some of the key players in the Surface Protection Film Market include 3M Company, Alvest SAS, Aristo Flexi Pack., Bubble Pacage Private Limited, Chargeurs S.A., Intertape Polymer Group Inc., MacDermid Autotype Ltd., Nitto Denko Corp, Pelloplast Oy, Protective Films Ltd., Surface Guard, Inc., Toray Advanced Film Co., Ltd and Veevaa Enterprises.

Key Developments:

In March 2024, 3M and HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) have signed a joint research project agreement to develop large liquid hydrogen storage tanks using Glass Bubbles from 3M – a high-strength, low-density hollow glass microsphere. 

Material Types Covered:
• Polyurethane (PU) 
• Polyethylene (PE) 
• Poly Vinyl Chloride (PVC) 
• Polypropylene (PP) 
• Polyethylene Terephthalate (PET) 
• Other Material Types 

Thickness Covered:
• Up to 25 Microns
• 25 to 50 Microns
• 50 to 100 Microns
• 100 to 150 Microns
• Above 150 Microns

Colour Covered:
• Translucent 
• Clear Transparent 
• Opaque 
• Other Colours 

Technologies Covered:
• Wet Bond Lamination 
• Dry Bond Lamination 
• Solventless Lamination 
• Energy Curable Adhesive Lamination 
• Hot Melt Seal Coating 
• Coextrusion Coating 
• Other Technologies 

Applications Covered:
• Carpet Protection
• Glass and Mirrors
• Metal Sheets
• Plastic Sheets
• PVC Profiles
• Other Applications 

End Users Covered:
• Construction & Interior
• Automotive
• Healthcare
• Electrical & Electronics
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
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 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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 Technology Analysis          
 3.7 Application Analysis          
 3.8 End User Analysis          
 3.9 Emerging Markets          
 3.10 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 Surface Protection Film Market, By Material Type           
 5.1 Introduction          
 5.2 Polyurethane (PU)          
 5.3 Polyethylene (PE)          
 5.4 Poly Vinyl Chloride (PVC)          
 5.5 Polypropylene (PP)          
 5.6 Polyethylene Terephthalate (PET)          
 5.7 Other Material Types          
            
6 Global Surface Protection Film Market, By Thickness           
 6.1 Introduction          
 6.2 Up to 25 Microns          
 6.3 25 to 50 Microns          
 6.4 50 to 100 Microns          
 6.5 100 to 150 Microns          
 6.6 Above 150 Microns          
            
7 Global Surface Protection Film Market, By Colour           
 7.1 Introduction          
 7.2 Translucent          
 7.3 Clear Transparent          
 7.4 Opaque          
 7.5 Other Colours          
            
8 Global Surface Protection Film Market, By Technology           
 8.1 Introduction          
 8.2 Wet Bond Lamination          
 8.3 Dry Bond Lamination          
 8.4 Solventless Lamination          
 8.5 Energy Curable Adhesive Lamination          
 8.6 Hot Melt Seal Coating          
 8.7 Coextrusion Coating          
 8.8 Other Technologies          
            
9 Global Surface Protection Film Market, By Application           
 9.1 Introduction          
 9.2 Carpet Protection          
 9.3 Glass and Mirrors          
 9.4 Metal Sheets          
 9.5 Plastic Sheets          
 9.6 PVC Profiles          
 9.7 Other Applications          
            
10 Global Surface Protection Film Market, By End User           
 10.1 Introduction          
 10.2 Construction & Interior          
 10.3 Automotive          
 10.4 Healthcare          
 10.5 Electrical & Electronics          
 10.6 Other End Users          
            
11 Global Surface Protection Film Market, By Geography           
 11.1 Introduction          
 11.2 North America          
  11.2.1 US         
  11.2.2 Canada         
  11.2.3 Mexico         
 11.3 Europe          
  11.3.1 Germany         
  11.3.2 UK         
  11.3.3 Italy         
  11.3.4 France         
  11.3.5 Spain         
  11.3.6 Rest of Europe         
 11.4 Asia Pacific          
  11.4.1 Japan         
  11.4.2 China         
  11.4.3 India         
  11.4.4 Australia         
  11.4.5 New Zealand         
  11.4.6 South Korea         
  11.4.7 Rest of Asia Pacific         
 11.5 South America          
  11.5.1 Argentina         
  11.5.2 Brazil         
  11.5.3 Chile         
  11.5.4 Rest of South America         
 11.6 Middle East & Africa          
  11.6.1 Saudi Arabia         
  11.6.2 UAE         
  11.6.3 Qatar         
  11.6.4 South Africa         
  11.6.5 Rest of Middle East & Africa         
            
12 Key Developments           
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 12.2 Acquisitions & Mergers          
 12.3 New Product Launch          
 12.4 Expansions          
 12.5 Other Key Strategies          
            
13 Company Profiling           
 13.1 3M Company          
 13.2 Alvest SAS          
 13.3 Aristo Flexi Pack.          
 13.4 Bubble Pacage Private Limited          
 13.5 Chargeurs S.A.          
 13.6 Intertape Polymer Group Inc.          
 13.7 MacDermid Autotype Ltd.          
 13.8 Nitto Denko Corp          
 13.9 Pelloplast Oy          
 13.10 Protective Films Ltd.          
 13.11 Surface Guard, Inc.          
 13.12 Toray Advanced Film Co., Ltd          
 13.13 Veevaa Enterprises          
            
List of Tables            
1 Global Surface Protection Film Market Outlook, By Region (2021-2030) ($MN)           
2 Global Surface Protection Film Market Outlook, By Material Type (2021-2030) ($MN)           
3 Global Surface Protection Film Market Outlook, By Polyurethane (PU) (2021-2030) ($MN)           
4 Global Surface Protection Film Market Outlook, By Polyethylene (PE) (2021-2030) ($MN)           
5 Global Surface Protection Film Market Outlook, By Poly Vinyl Chloride (PVC) (2021-2030) ($MN)           
6 Global Surface Protection Film Market Outlook, By Polypropylene (PP) (2021-2030) ($MN)           
7 Global Surface Protection Film Market Outlook, By Polyethylene Terephthalate (PET) (2021-2030) ($MN)           
8 Global Surface Protection Film Market Outlook, By Other Material Types (2021-2030) ($MN)           
9 Global Surface Protection Film Market Outlook, By Thickness (2021-2030) ($MN)           
10 Global Surface Protection Film Market Outlook, By Up to 25 Microns (2021-2030) ($MN)           
11 Global Surface Protection Film Market Outlook, By 25 to 50 Microns (2021-2030) ($MN)           
12 Global Surface Protection Film Market Outlook, By 50 to 100 Microns (2021-2030) ($MN)           
13 Global Surface Protection Film Market Outlook, By 100 to 150 Microns (2021-2030) ($MN)           
14 Global Surface Protection Film Market Outlook, By Above 150 Microns (2021-2030) ($MN)           
15 Global Surface Protection Film Market Outlook, By Colour (2021-2030) ($MN)           
16 Global Surface Protection Film Market Outlook, By Translucent (2021-2030) ($MN)           
17 Global Surface Protection Film Market Outlook, By Clear Transparent (2021-2030) ($MN)           
18 Global Surface Protection Film Market Outlook, By Opaque (2021-2030) ($MN)           
19 Global Surface Protection Film Market Outlook, By Other Colours (2021-2030) ($MN)           
20 Global Surface Protection Film Market Outlook, By Technology (2021-2030) ($MN)           
21 Global Surface Protection Film Market Outlook, By Wet Bond Lamination (2021-2030) ($MN)           
22 Global Surface Protection Film Market Outlook, By Dry Bond Lamination (2021-2030) ($MN)           
23 Global Surface Protection Film Market Outlook, By Solventless Lamination (2021-2030) ($MN)           
24 Global Surface Protection Film Market Outlook, By Energy Curable Adhesive Lamination (2021-2030) ($MN)           
25 Global Surface Protection Film Market Outlook, By Hot Melt Seal Coating (2021-2030) ($MN)           
26 Global Surface Protection Film Market Outlook, By Coextrusion Coating (2021-2030) ($MN)           
27 Global Surface Protection Film Market Outlook, By Other Technologies (2021-2030) ($MN)           
28 Global Surface Protection Film Market Outlook, By Application (2021-2030) ($MN)           
29 Global Surface Protection Film Market Outlook, By Introduction (2021-2030) ($MN)           
30 Global Surface Protection Film Market Outlook, By Carpet Protection (2021-2030) ($MN)           
31 Global Surface Protection Film Market Outlook, By Glass and Mirrors (2021-2030) ($MN)           
32 Global Surface Protection Film Market Outlook, By Metal Sheets (2021-2030) ($MN)           
33 Global Surface Protection Film Market Outlook, By Plastic Sheets (2021-2030) ($MN)           
34 Global Surface Protection Film Market Outlook, By PVC Profiles (2021-2030) ($MN)           
35 Global Surface Protection Film Market Outlook, By Other Applications (2021-2030) ($MN)           
36 Global Surface Protection Film Market Outlook, By End User (2021-2030) ($MN)           
37 Global Surface Protection Film Market Outlook, By Construction & Interior (2021-2030) ($MN)           
38 Global Surface Protection Film Market Outlook, By Automotive (2021-2030) ($MN)           
39 Global Surface Protection Film Market Outlook, By Healthcare (2021-2030) ($MN)           
40 Global Surface Protection Film Market Outlook, By Electrical & Electronics (2021-2030) ($MN)           
41 Global Surface Protection Film Market Outlook, By Other End Users (2021-2030) ($MN)           
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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