Paint Protection Film Market
The Paint Protection Film Market size was valued at USD 697 million in 2020 and is projected to grow at a compound annual growth rate of 6.2% over the forecast period. Ongoing technological advancements and the growing demand for electric cars due to rising environmental concerns will bolster the market growth.
Paint protection films are exclusive thermoplastic urethane films used to protect the painted surfaces from hazardous chemicals, UV exposures, and toxins. The protection film is majorly used in electrical instruments, motorcycles, mobile phones, and airplanes. Growth in the paint protection film market is driven by the ongoing technological advancements, such as the introduction of the latest technologies to produce sustainable films with higher resilience against adverse conditions. PPFs are cost-efficient as maintenance of automobiles with the protective films may cost higher. Other factors such as expansion in the automotive paint protection sector and surging demand from different end-use industries such as defense, transportation, and marine will fuel the market size. With the surging demand for electronic instruments such as tablets, smartphones, and smart displays, the need to protect them from accidental damages has increased. All these factors together are likely to propel paint protection film market share.
However, paint protection film requires an expert for its installation process, which may be costly. Thus, the paint protection film market projected that the high installation costs charged by professionals may hamper the market growth.
Automotive and transportation segmentation is forecast to surge at a higher CAGR over the forecast period, owing to the growing use of PPF across highly impacted areas of vehicles. Growing awareness about maintaining the appearance, shine, and look of the vehicles and accelerating sales of exclusive cars will drive the market growth.
Paint Protection Film Market Segmentation:
Paint Protection Film Market by Application
Automotive & Transportation
Electrical & Electronics
Aerospace & Defense
Paint Protection Film Market by Region:
Rest of APAC
United States of America
Rest of Europe
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