New York, NY, March 10, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Paint Protection Film Market Share, Size, Trends, Industry Analysis Report, By Material (Thermoplastic Polyurethane, Polyvinyl chloride, Others); By Application; By Region; Segment Forecast, 2023 - 2032” in its research database.
“According to the latest research study, the global paint protection film market size/share is anticipated to be valued at approximately USD 479.38 Million in 2022 and is projected to hit a revenue of around USD 812.28 Million By 2032, at a CAGR of around 5.4% between 2023 and 2032.”
How Big is Paint Protection Films Market Size & Share?
- Overview
Paint protection film (PPF), also called a clear bra, is a superior thermoplastic urethane film applied on the top coat of the car's paint, and it can either be transparent or colored. It is used to protect the painted surfaces of a new or used car from bug splatters, stone chips, and minor abrasions. This product is highly durable, adaptable, chemically stable, and UV-resistant. It is also used on airplanes, electronics, screens, motorcycles, RVs, cell phones, and many other areas.
Paint protection films are primarily used in a wide range of end-user industries, such as the automotive, aerospace, oil and gas, electrical, and electronics sectors, among others. The application of paint protection film has been expanded in both manufacturing and maintenance and repair, leading to an increase in market growth. Also, increased utilization of these films in the automotive industry worldwide is majorly driving the paint protection film market size.
Request Sample Copy of Paint Protection Films Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/paint-protection-film-market/request-for-sample
(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
What Is the Key Information Extracted From The Report?
- Comprehensive information on factors estimated to affect the market growth during the forecast period is presented in the report.
- The report offers the current scenario and future growth prospects of the market in various geographical regions.
- The competitive landscape analysis of the market is given
- The qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The report underlines the growth rate and opportunities offered in the business.
Some of the Top Manufacturers Are:
- 3M
- XPEL
- Dow
- Eastman Chemical Company
- Hexis S.A.S
- Premium Shield
- STEK-USA
- Reflek Technologies
- GRAFITYP
- ORAFOL Europe
- DuPont
- DAIKIN
- Optic Shield
- Solvay
- SCHWEITZER-MAUDUIT
- Saint-Gobain
- Avery Dennison Corporation
For Additional Information on Key Players, Download a PDF Brochure: https://www.polarismarketresearch.com/industry-analysis/paint-protection-film-market/request-for-sample
Market dynamics
Key Growth Factors
- Increasing demand for luxury cars to push the industry expansion
The shift in consumer preference towards maintaining a vehicle's original finish, rising thermoplastic consumption, and increasing sales of luxury cars are some of the key paint protection film market trends propelling the market growth. Strengthened government guidelines for security and carbon emissions are expected to boost industry growth. The United States is one of the world's most important marketplaces for automobiles which utilizes paint protection films. As a result, the country is anticipated to experience a high demand for paint protection films over the forecast period. Further, the growing demand for electronic gadgets such as computers, smartphones, laptops, tablets, and other devices is likely to fuel the paint protection film market demand.
Recent Trends Influencing the Market
Rising technological development in advanced recyclable raw materials flourishes the market growth
- Rising investments in manufacturing hubs like Covestro company will expand Paint Protection Film capacity, and developments in production-related technology will increase the capacity of the global automotive industry. This will ultimately accelerate the paint protection film market throughout the anticipated period.
- Furthermore, growing developments by key industry players and advancements in advanced recyclable raw materials and manufacturing technologies are expected to create lucrative opportunities in the market.
Request for a Discount on this Report Before Purchase @ https://www.polarismarketresearch.com/industry-analysis/paint-protection-film-market/request-for-discount-pricing
Segmental Analysis
- Thermoplastic polyurethane segment is anticipated to register the fastest growth
By material paint protection film market segmentation, the thermoplastic polyurethane category is estimated to witness the highest growth during the foreseen period as it has a variety of features like great elasticity, self-healing, high chemical resistance, hydrophilic resistance, recyclability, and transparency. Also, different characteristics of Thermoplastic Polyurethane, including on-yellowing, corrosion protection, durability, and recyclability, are expected to support the segment growth. Further, the polyvinyl chloride segment accounted for the steady market growth in 2021 because the paint of the car may peel when PVC sheets are removed.
- Automotive & Transportation held the second-largest market paint protection film market in 2022
In terms of application, automotive & transportation accounted for the second-largest revenue share in 2022 and are expected to continue to lead the market during the forecast period. Due to the growing need for transportation, there is an increase in the demand for both commercial and passenger vehicles, which is accelerating segment growth. Moreover, the electrical and electronics segment is expected to grow with fasted CAGR during the predicted period owing to the growing consumer awareness regarding the safety of electrical and electronic products.
Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/paint-protection-film-market/inquire-before-buying
(Inquire about a report quote OR available discount offers to the sales team before purchase.)
Paint Protection Films Market: Report Scope
| Report Attribute | Details |
| Revenue forecast in 2032 | USD 812.28 Million |
| Market size value in 2023 | USD 504.26 Million |
| Expected CAGR Growth | 5.4% from 2023 - 2032 |
| Base Year | 2022 |
| Forecast Year | 2023 – 2032 |
| Top Market Players | 3M, XPEL, Dow, Eastman Chemical Company, Hexis S.A.S, Premium Shield, STEK-USA, Reflek Technologies Corporation, GRAFITYP, ORAFOL Europe, DuPont, DAIKIN, Optic Shield, Solvay, SCHWEITZER-MAUDUIT INTERNATIONAL, Saint-Gobain and Avery Dennison Corporation. |
| Segments Covered | By Material, By Application, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Regional Analysis
- The demand in Europe is predicted to generate a significant growth
Based on geography, the paint protection film market in Europe witnessed the highest market share in 2022 due to the rising demand for paint protection film from various key players operating in the automobile industry in Europe, such as Volkswagen, Stellantis NV, Renault Group, and Mercedes-Benz Group. The significant presence of a large number of SMEs focused on producing vehicle parts in the EU member countries such as Italy, Spain, France, the Czech Republic, and Hungary is anticipated to majorly augment the automotive industry in Europe.
Furthermore, Asia Pacific is predicted to grow at the fastest rate during the study period. In addition, China dominates the Asia-Pacific area due to the region's expanding automotive market.
Browse the Detail Report “Paint Protection Film Market Share, Size, Trends, Industry Analysis Report, By Material (Thermoplastic Polyurethane, Polyvinyl chloride, Others); By Application; By Region; Segment Forecast, 2023 - 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/paint-protection-film-market
For Additional Information OR Media Enquiry, Please Mail At: sales@polarismarketresearch.com
Recent Developments
- In 2022, Evolve Supplements added keto drops to its line of keto products. Antioxidants and other ingredients in the new drops solution help with weight loss.
The Research Addresses Several Questions
- Which important factors are accountable for the robust growth of the market?
- Which are the major players operating in the market across the globe?
- Which product segment of the market is expected to grow at a fast pace over the forecast period?
- What is the position of the competitive scenario of the market?
- What are the estimated figures related to the overall market in the coming few years?
- What is the projected size and share of the market throughout the forecast period?
- Which are the leading geographical segments of the market?
Polaris Market Research has segmented the paint protection film market report based on material, application, and region:
By Product Type Outlook
- Tablets & Capsules
- Powder
- Gummies
- Liquid
By Distribution Channel
- Hypermarket/Supermarket
- Convenience Stores
- Specialist Stores
- Online Retail
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Browse More Research Reports:
- Food Grade Gases Market: https://www.polarismarketresearch.com/industry-analysis/food-grade-gases-market
- Recycled PET Flakes Market: https://www.polarismarketresearch.com/industry-analysis/recycled-pet-flakes-market
- Nafion Market: https://www.polarismarketresearch.com/industry-analysis/nafion-market
- Citronella Oil Market: https://www.polarismarketresearch.com/industry-analysis/citronella-oil-market
- Sodium Trimetaphosphate Market: https://www.polarismarketresearch.com/industry-analysis/sodium-trimetaphosphate-market
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.
Contact:
Likhil G
30 Wall Street
8th Floor,
New York City, NY 10005,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
Blog: https://polarismarketresearch.medium.com
